President Barack Obama on Wednesday renewed sanctions against North Korea, declaring that its nuclear program posed a national security risk to the United States and a danger to the Korean Peninsula.
Iran's reformist opposition leaders vowed to press on with legal challenges to an election they say was rigged, even as the hardline government appeared on Thursday to have largely crushed mass street protests.
The Federal Reserve sought to hide its involvement in Bank of America Corp's acquisition of Merrill Lynch as Merrill's financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday.
Asian stocks rallied for a second day on Thursday after the Federal Reserve reinforced that interest rates will be kept at a record low for a while, but Treasuries extended losses as the Fed shied away from boosting its debt purchases.
Nike Inc reported a worse-than-expected global decline in forward orders, especially in its European region, sending shares of the world's largest athletic shoe and clothing company down nearly 5 percent in extended trading on Wednesday.
The Federal Reserve on Wednesday stuck to its huge program of buying government and mortgage debt, which is designed to keep borrowing costs low and boost recovery, and said it saw signs that the deep U.S. recession was easing.
Celebrity blogger Perez Hilton on Wednesday sued the road manager of the chart-topping hip-hop band the Black Eyed Peas for allegedly punching him in the face outside a Toronto nightclub at the weekend.
The new overseer of the U.S. government's $700 billion bank bailout fund said on Wednesday an intently awaited program to cleanse toxic assets from banks' balance sheets should soon be ready to roll out.
President Barack Obama on Wednesday signed into law a $106 billion measure to fulfill his plans to wind down the war in Iraq and ramp up operations in Afghanistan where fighting against militants is intensifying.
It was 26 years ago and Cuba's then-leader, Fidel Castro, foresaw today's global economic crisis, a Cuban official said on Wednesday.
Bed Bath & Beyond Inc on Wednesday reported an unexpected rise in quarterly profit as the retailer cut costs to offset slumping consumer demand for home furnishings, and its shares rose 6 percent.
Israeli Prime Minister Benjamin Netanyahu said on Wednesday he hoped to reach an understanding with Washington over Jewish settlements in the West Bank, but an Israeli official predicted the dispute would be hard to resolve.
The United States and Canada must do more than currently proposed to tackle greenhouse gases, France says in a position paper ahead of global climate talks in Copenhagen this December.
Nissan Motor Co. will unveil its new electric car on August 2 in Japan but just as a prototype, according to British site AutoCar.
If 2008 was a tough year for Federal Reserve Chairman Ben Bernanke, 2009 is looking no easier as political battles pile on top of tough economic challenges.
MetroPCS Communications Inc on Wednesday unveiled a discounted international calling service, its latest effort to appeal to cost conscious U.S. consumers.
Nike Inc reported a worse-than-expected global decline in forward orders sending shares of the world's largest athletic shoe and clothing company down 4.1 percent.
Warren Buffett said on Wednesday that the U.S. economy has no bounce and will take time to recover, but there is no risk of deflation to push it further into despair.
The Federal Reserve on Wednesday stuck to its huge program of buying government and mortgage debt and said it saw signs that the deep U.S. recession was easing.
The world's rich lost a fifth of their wealth in 2008 and the number of people with fortunes of more than $1 million fell 15 percent as the financial crisis wiped out two years of growth, a study showed on Wednesday.
An unexpected jump in U.S. durable goods orders last month backed hopes the economy was healing, a prospect cautiously supported by the Federal Reserve on Wednesday.
Iran's interior minister Sadeq Mahsouli accused the US Central Intelligence Agency (CIA) of helping to fund rioters, the semi-official Fars News Agency reported on Wednesday.
