UNITED STATES

Deadly Medicare Reform Plan for GOP - Just how deadly is it?

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The GOP plan to overhaul Medicare, proposed by Wisconsin Republican and chairman of the House Budget Committee Paul Ryan, plans to replace the existing Medicare system, which is headed for insolvency by 2024, with subsidies to help seniors pay for private health insurance. How deadly is it for the GOP and for voters?

Data points to slowing manufacturing activity

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New orders for U.S. manufactured goods posted their largest drop in six months in April after a steep fall in demand for transportation equipment, suggesting some cooling in factory activity.
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ZTE to launch LTE devices, Microsoft Mango

ZTE Corp, China's No.2 network equipment maker, plans to launch LTE devices in the United States along with smartphones based on Microsoft's Mango operating system to expand its U.S. footprint.

Top ten Oprah moments

From car giveaways to coming-out revelations, some of the most memorable moments on television over the last 25 years have been on The Oprah Winfrey Show. Here are the top 10.
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Durable orders slump in April on autos, aircraft

New orders for long-lasting U.S. manufactured goods recorded their largest decline in six months in April as aircraft and motor vehicle bookings tumbled, indicating the economy remained stuck in a soft patch.

Tornados slam midwest [PHOTOS]

The death toll from a monster tornado that hit Joplin, Missouri on Sunday, the deadliest in the U.S. since 1947, rose to 123 while at least 750 people were injured and many more were missing.

Geithner praises both IMF candidates Lagarde and Carstens

The next chief of the International Monetary Fund (IMF) will likely be one of two candidates, France Finance Minister Christine Lagarde (who has officially announced her interest in the job) and Mexico’s central bank governor Agustin Carstens, who is also lobbying for the sought-after position.
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Social phenom Zynga on cusp of mega IPO: report

Zynga Inc may file for a multibillion-dollar IPO as early as this week, tech blog AllThingsDigital reported, as the maker of the Farmville and Mafia Wars games for Facebook heads toward a long-awaited market debut.
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Yandex has international ambitions

Internet search company Yandex, fresh from raising $1.3 billion from an IPO, now has the clout to make an impact farther from its Russian heartland.

Edwards Affair Coverup to Produce Indictment

Former senator and presidential candidate John Edwards is facing prosecution for allegedly circumventing campaign finance laws in an attempt to cover up an extramarital affair, ABC news reported.
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Durable goods orders slump in April on autos, aircraft

New orders for long-lasting U.S. manufactured goods fell more than expected in April to record their largest decline in six months as aircraft and motor vehicle orders tumbled, a government report showed on Wednesday.
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Asian demand tepid as Glencore makes lackluster HK

Shares in Glencore International Plc <0805.HK> fell as much as 3 percent on their Hong Kong debut on Wednesday, with Asian investors spooked by concerns over valuations and the outlook for commodities.
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BOJ sees recovery signs, exports slump taken in

Japan's economy is already showing signs of recovering from a slump that followed a devastating earthquake in March, Bank of Japan Governor Masaaki Shirakawa said on Wednesday while stressing that the central bank would remain vigilant about economic risks.

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