The IMF downgraded its forecast for US economic growth in 2011 to 2.5 percent from its prior forecast of 2.7 percent. The 2012 growth forecast was cut to 2.7 percent from 2.9 percent.
General Motors Co said on Friday it would invest $65 million in existing engine plants in New York and Tennessee.
How much will US taxpayers pay for the 'retirement' of Representative Anthony Weiner, who decided to resign from the Congress in the wake of a damaging online sex scandal? The amount he will get in retirement is close to one million dollars, according to reports.
Microsoft has won U.S. antitrust approval to buy the Internet phone service Skype, the Federal Trade Commission said in a website posting on Friday.
The United States has formally dropped criminal charges against for al-Qaeda leader Osama bin Laden, who was killed in a U.S. military raid in Pakistan last month, BBC News reported.
The United Nations passed a resolution today condemning discrimination on the basis of sexual orientation, marking the first time the organization has explicitly recognized that form of repression.
Best Buy Co agreed to settle a class-action lawsuit accusing the largest U.S. electronics retailer of job discrimination, paying a total of $200,000 to the nine named plaintiffs plus as much as $10 million for legal fees and costs.
With dozens of his victims watching, an investment manager once dubbed by the media as Brooklyn's Bernie Madoff, was sentenced on Friday to 20 years in prison for operating a decades-long Ponzi scheme that bilked hundreds of investors out of more than $24 million.
The latest figure to hit the front pages about China’s corruption problem is that $120 billion have been embezzled and smuggled out of the country since the mid-1990s, according to a Chinese government report.
Samsung Galaxy Tab 10.1, which launched in the United States on Friday, is the best ever Android tablet launched yet but is it an iPad-beater?
FOX singing competition American Idol announced updated Season 11 audition dates and locations Friday, according to the American Idol Web site.
Will and Kate are headed to Los Angeles on July 8. Here’s the latest news on their plans.
The number of people on companies' payrolls shrank in more than half the U.S. states in May, even though the jobless rates in many places continued to improve, Labor Department data released on Friday showed.
Google-owned YouTube is still the king of online video sites but when it comes to selling video ads, NBC's Hulu remains unbeatable, according to the latest comScore report.
Former Washington Mutual Inc Chief Executive Kerry Killinger and two of his top lieutenants are nearing a settlement with the Federal Deposit Insurance Corp over the failure of what was the largest U.S. savings and loan.
A former bank executive who served as the go-between for Taylor, Bean & Whitaker Mortgage Corp, which collapsed from a $2.9 billion fraud scheme, was sentenced on Friday to eight years in federal prison.
Almost every airline flies into Chicago, so why aren’t you visiting?
Consumer sentiment worsened this month on renewed concerns about the outlook for the economy and as gloom about job and income prospects persisted, data showed on Friday.
If there ever was a failed US policy, war on drugs is it. Today, June 17, 2011 marks the 40th anniversary of this failure.
White House Communications Director Dan Pfeiffer defended the Obama administration's record today to a gathering of progressive bloggers that charged the president has reneged on his campaign promises.
Thousands of corrupt Chinese government officials have stolen more than $120-billion from the mid-1990s to 2008, according to a report from China’s central bank.
The Dow and S&P 500 edged up on Friday after France and Germany reached an outline agreement to aid debt-burdened Greece, but the Nasdaq declined and analysts said a recent bearish trend may not be over.