The following are highlights from Federal Reserve Chairman Ben Bernanke's testimony to the Senate Banking Committee on Tuesday on the central bank's semi-annual report on U.S. monetary policy.
A Verizon Communications executive hinted at a new version of the iPhone and said Verizon Wireless will replace its unlimited mobile data plans with usage-based pricing around the middle of summer.
After fumbling the National Anthem at the Super Bowl and tripping on the Grammy stage, TMZ is reporting that the pop star was arrested at 2:45 a.m. for public intoxication near the Sunset Strip.
AT&T Inc and other corporations do not have personal privacy rights to prevent disclosure of federal government records about them, the Supreme Court ruled on Tuesday.
The U.S. manufacturing sector grew at its fastest rate since May 2004 in February, while prices paid also rose, the Institute for Supply Management said on Tuesday.
by Timothy SifertThe Treasury's $2.7 billion secondary offering of Ally Financial's trust preferred securities unveiled Tuesday is expected to be a blowout, as investors rush to get in on one of the last opportunities to buy a sizeable bank TruPS deal.
The U.S. manufacturing sector grew at its fastest rate since May 2004 in February, while prices paid also rose, the Institute for Supply Management said on Tuesday.
As the United States moves military ships toward the Mediterranean Sea and officials discuss the possibility of imposing a no-fly zone over Libya, Venezuelan President Hugo Chavez said it was irresponsible to consider all options to resolve the situation there, including an invasion.
Federal Reserve Chairman Ben Bernanke offered a fairly upbeat assessment of the U.S. economy on Tuesday, saying the recent surge in oil prices is unlikely to have a major effect on either growth or inflation, as long as higher prices do not become sustained.
Anti-secrecy website WikiLeaks, the Internet and a Russian human rights activist are among a record 241 nominations for the 2011 Nobel Peace Prize.
A YouTube musical clip mocking embattled Libyan leader Muammar Gaddafi has become a hot hit in the Arab world, its Israeli creator said on Tuesday.
Federal Reserve Chairman Ben Bernanke said both rounds of quantitative easing (QE1 and QE2) are working well, in the question and answer session of his testimony to Congress.
President Barack Obama said on Monday everyone should be ready for sacrifice to help tackle U.S. budget problems, but it does no good to vilify public employees. In an apparent reference to a Wisconsin fight between public sector unions and the state's governor, Obama said: I don't think it does anybody any good when public employees
General Motors Co and Nissan Motor Co sales surged in February as incentives drove shoppers to dealerships and outweighed concerns about higher oil prices.
A former Apple Inc employee pleaded guilty to multiple criminal counts after being accused of taking kickbacks from Asian suppliers. Paul Devine, who worked at the iPhone maker as a global supply manager, was accused of using his position to pass confidential information to help suppliers negotiate favorable contracts with Apple.
Stocks dropped on Tuesday as investors worried that rising oil prices could choke off the economic recovery, with equities looking to keep taking their lead from oil prices in the near term.
An Islamist who worked as a British Airways computer expert was found guilty on Monday of plotting with a radical cleric to blow up a plane bound for the United States.
Federal Reserve Chairman Ben Bernanke remains unconcerned about inflation - perhaps rightly so - at a testimony in front of US lawmakers on Tuesday.
U.S. construction spending fell more than expected in January to its lowest level in five months, a government report showed on Tuesday, pulled down by weak private construction outlays.
Boosted by the soccer World Cup, South Africa saw a record 15.1 percent increase in tourist arrivals in 2010 although the total of more than 8 million was not an all time-high, the tourism minister said on Tuesday.
Libya could descend into civil war if Muammar Gaddafi refuses to quit, the United States said on Tuesday, its demand for an end to his rule carrying new weight after word of unspecified Western military preparations.
American Airlines parent AMR Corp
said it would cut planned capacity growth this year as the industry wrestles with higher oil prices.