UNITED STATES

The FBI is investigating whether the suspect in Saturday's shooting rampage in which a congresswoman was critically wounded was the same person who posted a rambling Internet manifesto accusing the government of mind control and demanding a new currency.

UPDATED: U.S. Representative Gabrielle Giffords, D-AZ, is fighting for her life following surgery for a gunshot wound to the head, sustained Saturday morning at a constituent event in Tucson. Her surgeon, Dr. Peter Rhee of University Medical Center, said, I am very optimistic about her condition.

The United States and its leaders are stuck in their own Catch 22. They need the economy to improve in order to generate jobs, but the economy can only improve if people have jobs. They need the economy to recover in order to improve our deficit situation, but if the economy really recovers long term interest rates will increase, further depressing the housing market and increasing the interest expense burden for the US.

Verizon Wireless, the top U.S. mobile provider, plans on Tuesday to unveil a version of the Apple Inc iPhone for its service and will kick off sales of the device a few weeks later, a source told Reuters.

The recent spate of energy diplomacy between china and United States have resulted in China slash export quotas of rare earth mineral by half in 2011.

A top IMF official warned on Saturday that the United States must start down a budget deficit-cutting path relatively soon or face crushing debt service costs as interest rates rise.

Babson College introduces programs for high school students to teach them the fundamentals of entrepreneurship

Investors head into next week on the defensive as the potential for U.S. equity gains could be limited even if earnings begin on a strong note.

Top 10 highest grossing movies of 2010 are Toy Story 3, Alice in Wonderland, Iron Man 2, The Twilight Saga: Eclipse, Inception, Harry Potter and the Deathly Hallows Part 1, Despicable Me, Shrek Forever After, How to Train Your Dragon and The Karate Kid.

Investors head into next week on the defensive as the potential for U.S. equity gains could be limited even if earnings begin on a strong note.

Leading economists have boosted their outlook for interest rates on benchmark Treasury debt in tandem with rising expectations for growth in the world's largest economy, a Reuters poll found on Friday. The forecasts for stronger growth came despite a disappointing U.S. payrolls report, which showed employers hired less workers than expected in December, although the unemployment rate ticked lower...

The recapitalization of bailed-out insurer AIG is likely to close next week, a person familiar with the matter said on Friday, as the company's shares touched fresh highs on news the deal was getting closer.

The Dow Jones Industrial Average fell 22.55 points, or 0.19 percent, to finish at 11.674.76. At one point the Dow was down as much as 100 points. The S&P 500 dropped 2.35 points, or 0.18 percent, to 1271.50; while the Nasdaq shed 6.72 points, or 0.25 percent, to 2703.17.

In the midst of the buzz and optimism about the economic recovery in 2011, not many are talking about the fact that cost in America may also meaningfully rise, possibly at a faster rate than justified by underlying economic growth.

The sluggish U.S. economy shows signs of gaining strength but still needs a lot of help from the Federal Reserve to get back on track, a top Fed policy maker said on Friday.

The U.S. government could put more wireless airwaves on the market as early as a year from now if lawmakers give the country's telecom regulator authority to give broadcasters part of the proceeds.

The U.S. economy may finally be hitting its stride even if growth remains too weak to put a real dent in the nation's jobless rate, Federal Reserve Chairman Ben Bernanke said on Friday.

JPMorgan Chase and Morgan Stanley received approval from Chinese regulators to form joint ventures with domestic firms, which would allow them to participate in underwriting Chinese stock and bond offerings.

In a ruling that may affect foreclosures nationwide, Massachusetts' highest court voided the seizure of two homes by Wells Fargo & Co and US Bancorp after the banks failed to show they held the mortgages at the time they foreclosed.

The Democratic White House and the Republicans who control the House of Representatives each found the December jobs figures released today mildly encouraging. While the administration, however, took credit for the steady albeit slow improvement, the new Republican chairman of the House Education and Workforce Committee said the plodding economy points up the need to change failed administration policies.

Microsoft Corp has put its estimated $1 billion media buying account into review, raising the possibility the business could move to an agency other than current partner Universal McCann, according to a source familiar with the account.