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Fed's Kocherlakota - Bubble's end need not hurt jobs

The collapse of an asset bubble will not necessarily lead to higher unemployment as long as monetary policy is loose enough, a top Federal Reserve Bank official said on Friday.

Merck shingles vaccine gets FDA OK for more patients

Merck's fourth-quarter expectations top expectations

Merck & Co Inc. (NYSE: MRK)'s shingles vaccine Zostavax is now approved by the US Food and Drug Administration (FDA) for people aged 50 and older. Zostavax was originally approved on May 2006 to prevent herpes zoster, commonly known as shingles, in individuals 60 years of age and older.

World Market Overview 25/03/2011

Traders work on the floor of the New York Stock Exchange

US stocks ended higher on Thursday as investors are shrugged off bad news and focused on some positive developments from the US corporate sector.

NASA helps students train like astronauts in Mission X Challenge

Fourth-grade students in the College Station Independent School District (CSISD) in Texas have completed six weeks of a NASA health and fitness challenge known as Mission X: Train Like an Astronaut.

More news

RIM's outlook disappoints, shares tumble

Blackberry maker Research In Motion on Thursday warned its earnings would slip as it spends heavily on the launch of its PlayBook tablet, sending its shares tumbling as much as 12 percent.

Sarah Palin Vows to No Longer 'Whine' about Liberal Press (VIDEO)

Sarah Palin said on Thursday that she would no longer whine about the liberal press.

The Apple iPad 2 is shown during its launch event in San Francisco

Apple launching iPad 2 overseas

Apple is launching its iPad 2 in more than 25 countries on March 25th, 2011. Their supply shortage is not stopping them from launching the products abroad quickly.

Wind patterns are left in the ice pack that covers the Arctic Ocean north of Prudhoe Bay, Alaska

Military power demonstration in the Arctic

The United States is staging high-profile submarine exercises in the Arctic Ocean this month as evidence mounts that global warming will lead to more mining, oil production, shipping and fishing in the world's last frontier.

Obama Proclamation on 100th Anniversary of Triangle Shirtwaist Factory Fire (Full Text)

The following is text of a proclamation on the 100th Anniversary of the Triangle Shirtwaist Factory Fire issued by President Barack Obama on March 24, 2011

NATO Secretary General Anders Fogh Rasmussen (left) and U.S. Secretary of State Hillary Clinton

NATO Taking Libya Mission from U.S., Details in Discussion

U.S. Military officials are working on details on the transfer of command and control power for enforcing a no-fly zone over Libya.

Durable goods orders fall, job market healing

Orders for long-lasting U.S. manufactured goods fell in February as companies scaled back investment plans for a second month in a row, suggesting a cooling off in business spending.

NATO Takes Charge On Libya, as U.S. Steps Back

NATO, with all its 28 member nations in agreement, agreed on Thursday that it will take over command and control of operations to enforce a no fly zone over Libya and all necessary measures to protect civilians, with the United States handing over the heavy lifting to its partners.

Marijuana called pot, grass, weed -- now investment

It has been called a lot of things over the years: grass, pot, Mary Jane, wacky weed. Now, researchers are suggesting a new moniker for marijuana: alternative investment.

U.S. Postal Service to cut 7,500 jobs, close offices

The U.S. Postal Service said on Thursday it would cut 7,500 jobs and close seven district offices and 2,000 post offices as it handles less mail and faces greater staff costs and competition from FedEx and United Parcel Service .

Ponzi schemer charged with insider trading

Barry Minkow, an audacious former Ponzi scheme swindler who claimed to have cleaned up his act, was charged on Thursday with insider trading in shares of Miami-based Lennar Corp , a leading U.S. homebuilder.

Russian President Dmitry Medvedev (Right) and U.S. President Barack Obama

White House Says Obama, Medvedev Discuss Libya at Length

U.S. President Barack Obama and Russian President Dmitry Medvedev spoke by phone on Thursday morning, discussing developments in the Middle East at length, with a particular focus on Libya, the White House said.

Ford sues Nissan's Brazil management over TV ad

The Brazilian unit of Ford Motor Co filed a criminal lawsuit against the local management of rival Nissan Motor Co <7201.T> for airing a TV commercial that says the U.S. automaker charges customers too much for hatchback models.

GameStop sees better 2011 for games business

GameStop Corp, the world's largest retailer of video game products, forecast stronger 2011 profits that signaled a rebound in the traditional video game industry.

Media vets Brill and Crovitz sell Journalism Online

Media veterans Steven Brill and Gordon Crovitz sold their company Journalism Online, which helps publishers charge for content, to RR Donnelley & Sons Co, the printing services company said on Thursday.

Turkish support allows NATO to take over military command of Libya campaign

In what appears to be a dramatic change of heart, Turkey has agreed to allow NATO to takeover command of the Western alliance’s military campaign in Libya.

U.S. durable goods orders fall, job market healing

Orders for long-lasting U.S. manufactured goods fell in February as companies scaled back investment plans for a second month in a row, suggesting a cooling off in business spending.

Oil steady, market eyes Libya, Mideast

U.S. oil prices steadied on Thursday after spiking in early trade on supply worries amid fighting in Libya and growing unrest in the Middle East.

Apple Decreased iPad 2 Shipment Delays

Apple has decreased iPad 2 shipping estimates to 3-4 weeks, down from 4-5.

Ex-Ponzi-schemer charged with insider trading

Barry Minkow, a former Ponzi scheme swindler who claimed to have cleaned up his act, was charged on Thursday with insider trading in shares of Miami-based Lennar Corp , a leading U.S. homebuilder.

Hispanic population to reach 50 million

The Latino population of the United States will break 50 million for the first time, according to analysts. The official US Census Bureau demographics data will be released later today.

Analysis: AT&T mega merger bad sign for spectrum reform

AT&T Inc's $39 billion bid to buy Deutsche Telekom AG's T-Mobile casts doubt on the U.S. government's ability to swiftly deliver policy to meet the booming demand for wireless services.

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