UNITED STATES

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United Technologies in $1 billion U.S. engine deal

United Technologies Corp's Pratt & Whitney unit has won U.S. Navy contract updates totaling about $1 billion to provide engines for the multi-national F-35 fighter jet program, the Pentagon said on Friday.
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Inflation hits 2-1/2 year high, seen peaking

Gasoline and food prices hoisted U.S. inflation to a 2-1/2-year high in April, but there was little sign of a broader pick-up in consumer prices that would trouble the Federal Reserve.
U.S Treasury Secretary Geithner addresses a news conference at the end of the G20 finance meeting in Paris

Geithner warns: Failure to raise debt ceiling may impact seniors

The threat that the U.S. federal government won’t be able to pay all of its bills by its already extended Aug. 2 looms large, but Treasury Secretary Timothy Geithner has another warning: If the nation’s $14.3 trillion debt ceiling isn’t raised, seniors reliant on Social Security and Medicare are to be worried about.
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Manager of defunct hedge fund accused of fraud

A former hedge fund manager has been charged with defrauding investors in a federal indictment on Friday, nearly two years after the fund collapsed under the weight of failed real estate loans.
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Manager of defunct U.S. hedge fund accused of fraud

A former hedge fund manager has been charged with defrauding investors of at least $12.6 million in a federal indictment on Friday, nearly two years after the fund collapsed under the weight of failed real estate loans.
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Judge rejects insider trading trial delay

A judge on Friday rejected an indicted securities trader's request to postpone his insider trading trial because of the broadly publicized conviction of hedge fund manager Raj Rajaratnam in the same New York court.
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Bed Bugs Epidemic In The U.S. Is Exploding

There is a full blown bed bug epidemic happening all across America and it just seems to get worse with each passing year. For cities such as New York and Philadelphia which are at the epicenter of the outbreak, bed bugs have become an important political issue.
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Osama bin Laden hideout search reveals porn pile

Pornography was among the materials discovered in Osama bin Laden’s Abbottabad hideout, Reuters reported U.S. officials as saying. The porn pile consisted of extensive modern electronically recorded video footage.
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America Is Rapidly Bleeding Wealth And Jobs

Over the past decade, the number of middle class jobs has fallen by about ten percent. There is a reason for this. America is becoming poorer. The economic pie is shrinking. When we ship 40 to 50 billion dollars into the hands of foreigners every single month, that means that there is a lot less wealth for all of us to divide up.

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