North Korea said on Thursday it had detained an American who crossed into its territory from China on January 25 and was interrogating him.
Facing a make-or-break year in Afghanistan, ministers from some 60 countries meet on Thursday to hammer out a strategy to try to bring an end to the war.
At a time when India's steel industry is slowly rising prices, its counterparts in the US are struggling to do the same as the production costs have gone up. But, the US steel industry is very skeptical about the prices rise as the demand for steel is yet to pick up properly in the country. Even as India and China are witnessing a major surge in demand for steel, the US industry is still slowly picking up pace.
President Barack Obama said his focus on nuclear disarmament had strengthened U.S. diplomacy in dealing with North Korea and Iran, and he warned Tehran faced growing consequences over its nuclear program.
Toyota Motor Corp shut down sales of its best-selling vehicles on Wednesday under pressure from the Obama administration to address a product safety crisis that threatens its image in its largest market.
The U.S. dollar rose to a six-month high against the euro on Thursday, on signs the Federal Reserve is more confident about a recovery, while Asian equities were on track to snap a nine-day losing streak. U.S. stock futures rose during Asian session after U.S. President Barack Obama in an address to Congress had a more moderate tone on restrictions toward U.S. banks.
Stocks rose on Wednesday after the U.S. Federal Reserve pledged to keep interest rates near zero and stock futures signaled more gains ahead after President Barack Obama struck a conciliatory tone on banks in his State of the Union speech.
President Barack Obama vowed on Wednesday to boost jobs growth and impose tough new regulations on Wall Street as he recast his agenda after suffering a devastating political setback.
Stock index futures added gains in late after-hours trading on Wednesday as investors took President Barack Obama's State of the Union speech as toning down some of the rhetoric that unnerved investors last week when he unveiled new restrictions on U.S. banks.
Zimbabwe's diamond sector is facing trouble again in the New Year with a coalition of industry-based associations and representatives in the US met the state department and demanded tough action by the Kimberley Process against the erring miners. They urged strict steps in implementing the joint work plan (JWP) designed to bring Zimbabwe into full KP compliance.
The Energy Information Administration (EIA) is seeking comments and recommendations on information needed to support analysis and increased understanding of energy markets, in support of the Energy and Financial Markets Initiative announced on September 9, 2009. A notice appeared today in the Federal Register describing topics of particular interest, as well as procedures for public comment over the next 60 days. The notice does not itself propose new EIA information collection. Comments receive...
President Barack Obama is set to deliver his first State of the Union speech at 9 p.m. EST, focusing on rekindling the U.S. economy , emphasizing his plans to restore job growth and taming budget deficits.
AT&T Inc appears to have fended off Verizon Wireless for now and retained its status as the preferred U.S. carrier for Apple Inc with a deal to support the new iPad tablet computer.
U.S. carriers United Airlines and AirTran posted better-than-expected quarterly results on Wednesday, citing improving revenue trends aided in part by returning business travelers.
The Federal Reserve on Wednesday offered a guardedly upbeat view of the U.S. economy and renewed its pledge to keep interest rates near zero despite the objection of one policy maker.
The Australian Dollar opens near a three-and-a-half week low today at 0.8925.
U.S. lawmakers on Wednesday challenged Treasury Secretary Timothy Geithner's credibility after he said he was not involved with AIG's decision to withhold details on $62 billion the bailed-out insurer paid to banks.
Sales of newly built U.S. single-family homes fell unexpectedly in December as the bounce from an initial tax credit fizzled, the latest sign that the government-led housing recovery might be losing some steam.
Time Warner Cable Inc and Scripps Networks Interactive said on Wednesday they had reached multiyear deals for the second-largest U.S. cable operator to carry the Scripps-produced Food Network and Great American Country.
The S&P 500 recovered from a low of 1,083.11, downward spike that occurred minutes after the Federal Open Market Committee statement, to trade at 1,093.54, up 0.12 percent at 3:27 p.m. in New York.
Toyota Motor Corp shares dropped more than 8 percent on Wednesday in U.S. trading as concern deepened about the automaker's suspension of sales and production of some of its best-selling vehicles due to problems with faulty accelerators.
College senior Alyssa Ravasio gave up MySpace on the day she got a Facebook account and never looked back. She has already lost interest in Twitter. But how does Facebook know it can keep her loyalty?
