The Palestinians have threatened that indirect, U.S.-mediated peace talks with Israel may be thwarted unless Israel cancels a plan announced this week to build 1,600 new homes in a settlement near Jerusalem.
U.S. Middle East envoy George Mitchell returns to the region next week to try to salvage indirect peace talks between Israel and the Palestinians. The Palestinians have said the process may be thwarted unless Israel cancels a plan announced this week to build 1,600 settler homes near Jerusalem.
Israeli Prime Minister Benjamin Netanyahu's political standing is perilous because of divisions within his coalition over efforts to pursue peace with the Palestinians, a senior U.S. official said on Friday.
The Federal Communications Commission will submit a 10-year plan to Congress on Tuesday that would establish high-speed Internet as the country's dominant means of communication, The New York Times reported in Saturday editions.
The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House's National Economic Council, said on Friday, outlining six imperatives.
An explosive report by a court-appointed examiner on the collapse of Lehman Brothers
Investors will try to tack another leg on to the year-long U.S. stock rally, looking to next week's economic data and statement from the central bank for evidence the recovery is still on track.
The court appointed examiner of the Lehman Brothers Holdings Inc. bankruptcy said the company 'doubled-down' on risky trading activity in 2007, exceeding its own limits as the sub-prime mortgage business was developing into a crisis.
White House spokesman Robert Gibbs wore a Team Canada hockey jersey during his press briefing Friday to pay off a bet.
Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book Liar's Poker, says Wall Street bonuses at banks bailed out by Washington are a very elegant form of theft.
Reported losses from Internet fraud more than doubled in 2009, with scams that falsely used the FBI's name generating the most complaints, the law enforcement agency said on Friday.
San Francisco Federal Reserve Bank President Janet Yellen, a monetary policy dove, tops President Barack Obama's list to be No. 2 at U.S. central bank, the White House said on Friday.
The pace of financial regulatory reform remains slow even as the global economy struggles to recover from a crisis that many say was caused by inadequacies in the current system, attendees at an annual financial conference said this week.
Washington Mutual Inc said on Friday that it reached a deal that will bring it roughly $6 billion and help resolve its bankruptcy, but it could leave shareholders in the cold.
Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices.
U.S. retail sales rose unexpectedly last month despite heavy snow storms that were thought to have kept shoppers at home and bolstered hopes of a sustainable economic recovery.
Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio house.
Apple began accepting pre-orders for the iPad, its new touch-screen gadget, on Friday with an estimated 50,000 unites being sold in the first two hours.
Southern California prosecutors filed the first U.S. consumer protection lawsuit against Toyota Motor Corp on Friday, claiming it had engaged in fraud by hiding evidence of dangerous vehicle defects.
U.S. Secretary of State Hillary Clinton on Friday condemned an announcement by Israel this week that it approved plans for new construction in East Jerusalem, saying it sent a deeply negative signal about U.S.-Israeli ties.
During the U.S. Session, global assets made little progress as economic data failed to impress the market.
