Stocks, which fell early in the session on some gloomy remarks on the economy from Federal reserve Chairman Ben Bernanke, pared much of their losses later in the day on hopes that The Republicans and Democrats in Congress can hammer out a compromise on extending the Bush tax cuts as well as unemployment benefits.
While Europe (and much of the developed world) continues to reel from high unemployment in the wake of the global economic recession, at least one small, peaceful corner of the continent continues to enjoy very low jobless rates.
President Barack Obama melded a long-term vision for more science research and education spending with the short-term need to secure a deal with Congressional Republicans to extend both tax breaks for higher-income earners and unemployment benefits for struggling workers.
Plenty of U.S. organizations are praising the newly-negotiated U.S.-Korea Free Trade Agreement, which is awaiting approval from lawmakers of both countries.
The U.S. government will sell off its remaining 7.0 percent stake in Citigroup -- 2.4 billion common shares -- in an underwritten public offering, the Treasury Department said on Monday.
The U.S. economic recovery remains on shaky ground, well over a year after the recession officially ended, and two top strategists said on Monday they fear the economy could suffer a new blow next year.
Investors who are worried about the health of the stock market might take some solace from the evidence that the U.S. equities have performed exceptionally well during the third year of a presidential term (Barack Obama enters the third year of his administration in January 2011).
U.S. law enforcement is going after investment fraud.
A federal judge in California Court has ordered the destruction of genetically engineered sugar beets after finding that the United States Department of Agriculture (USDA) had likely violated federal law by allowing the plantation of the stecklings without analyzing the potential environmental impact.
HSBC Holdings Plc said claims the bank aided the fraud of convicted swindler Bernard Madoff were unfounded and it would defend itself vigorously against all Madoff-related claims.
Leading U.S. network equipment makers Cisco Systems Inc and Juniper Networks Inc both announced deals to bolster their expertise in increasingly popular cloud computing, or virtualization, technology.
The American people have spoken!By means of the mid-term elections the American people have sent a mandate to the American Congress. The message could not be clearer.
President Barack Obama on Monday urged Chinese President Hu Jintao to join the United States in denouncing North Korea's latest deadly military skirmish with South Korea and the North's pursuit of nuclear development. it marked the first time the leaders have spoken since a November 22 incident left four South Korean soldiers dead.
The Federal Reserve's move to purchase an additional $600 billion in bonds carries risks and should be reviewed on a regular basis, Richmond Fed President Jeffrey Lacker said on Monday.
Wikileaks revealed that Li Keqiang, a senior Chinese politician with many economic-related duties, doubts the country's economic data.
Sprint Nextel
has signed a technology deal costing up to $5 billion with Alcatel-Lucent , Ericsson and Samsung <005930.KS> as it phases out an older network and looks to cut costs and pave the way toward easier future technology upgrades.The U.S. Supreme Court said on Monday it would decide if the largest sex-discrimination class-action lawsuit in U.S. history against Wal-Mart Stores Inc can proceed, a case involving women workers who seek billions of dollars in damages.
In a CBS interview, Federal Reserve Chairman Ben Bernanke took shots at foreign critics who openly bashed QE2 in the days leading up to the November 11 G20 Summit.
A top Securities and Exchange Commission official said on Monday the number of fraud schemes is on the rise, taking billions of dollars from Americans, and warned investors to be more vigilant.
The top securities regulator said on Monday that she plans to hold broker-dealers more accountable for their customers' assets after Bernard Madoff duped his clients out of billions of dollars.
The U.S. economy is headed for a new recession, said John Taylor, chairman and chief investment officer of FX Concepts, and that will likely benefit the dollar and weigh on commodity prices.
Swedish group Ericsson has won a five-year deal to supply technology and services to U.S. No. 3 mobile company Sprint Nextel for an unspecified sum.
