Greek coalition leaders agreed to meet next week to hammer out almost 12 billion euros worth of austerity cuts demanded by the near-bankrupt country's lenders after a deal proved elusive at an initial round of talks on Wednesday.
The head of the world's most powerful central bank said it stands ready to offer additional monetary support to a U.S. economy that has slowed significantly in recent months, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Tuesday.
A U.S. Navy vessel fired on an approaching fishing boat off the United Arab Emirates on Monday, killing an Indian national and seriously injuring three others, the UAE's state news agency (WAM) said.
The International Monetary Fund on Monday cut its global growth forecast and warned that the outlook could dim further if policymakers in Europe do not act with enough force and speed to quell their region's debt crisis.
A compelling question concerning the nation's current political culture is: what has happened to the Republican Party? President Abraham Lincoln was the Republican Party's first president, elected in 1860. But do the values of today's Tea Party faction-dominated Republican Party match the values of Lincoln?
Russell Wasendorf Sr., the founder and CEO of failed futures brokerage PFGBest, was arrested on Friday, five days after his suicide attempt brought to light allegations of a massive fraud, authorities said.
This summer, both Greece and Europe are between a rock and a hard place. Greece faces the possible prospect of domestic coalition collapse, or ouster from the euro zone; Europe’s leaders, an elongated repayment for their loans to Greece, or a Greece default.
The IEA estimates world oil demand at 90.9 million bpd in 2013, and says fuel consumption in the developed economies of the Organisation for Economic Co-operation and Development (OECD) will be overtaken for the first time by non-OECD demand, a trend that is unlikely to be reversed.
U.S. futures industry investigators are looking into why Iowa-based collapsed brokerage PFGBest used a tiny accounting firm that appears to be operating from inside a suburban Chicago home to audit its books, according to a person familiar with the matter.
The Republican-led U.S. House of Representatives, on a near party-line vote of 244-185, passed a bill on Wednesday to repeal President Barack Obama's overhaul of the U.S. healthcare system.
The Federal Reserve Bank of New York may have known as early as August 2007 that the setting of global benchmark interest rates was flawed. Following an inquiry with British banking group Barclays Plc (NYSE: BSC) in the spring of 2008, it shared proposals for reform of the system with British authorities.
Alcoa (NYSE: AA) posted a second-quarter loss as a slump in aluminum prices to near two-year lows offset, growing demand in the aerospace and automobile markets.
President Barack Obama will call for a one-year extension of Bush-era tax cuts for families earning less than $250,000 per year, according to a White House official, seeking to spare the economy the impact of taxes going up on Jan. 1.
Cutting federal spending in 2012 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure and public works projects now and in the immediate quarters ahead, it would create millions of jobs.
U.S. mortgage interest rates for 30-year, fixed loans are at/near 40-year lows. Further, while there's nothing like owning a home, for several reasons 'this is not your father's housing market.' There are pitfalls and pratfalls, and prospective buyers would be wise to review these five tips before taking the plunge.
GlaxoSmithKline Plc has agreed to plead guilty to misdemeanor criminal charges and pay $3 billion to settle what government officials said on Monday is the largest case of health care fraud in U.S. history.
One hundred years after former President Teddy Roosevelt first proposed it, the United States -- the richest nation on earth -- has finally joined the world?s other, major, industrialized economies in having a universal health insurance plan.
Both liberals and conservatives can use the high court?s decision to energize the rank-and-file.
The sharply-divided U.S. Supreme Court Thursday that upheld President Barack Obama's signature public policy initiative took most of official Washington by surprise.
German Chancellor Angela Merkel resisted pressure on Friday for common euro zone bonds or a more flexible use of Europe's rescue funds but agreed with leaders of France, Italy and Spain on a ?130 billion ($156 billion) package to revive growth.
The Federal Reserve on Wednesday extended its monetary stimulus to a U.S. economic recovery that looks at risk of stalling, renewing its effort to depress borrowing costs by selling short-term bonds to buy longer-dated ones.
It's been overlooked -- it's received very little coverage by the popular press -- but it's worth repeating: one benefit of the U.S. health care reform legislation will be: enhanced employee mobility.
So the financial crisis, Europe's inability to act in a big way to address its fiscal issues, and endless partisan bickering in Washington between Democrats and Republicans have prompted you to swear off stocks? Well, one school of thought argues, Panicking never made anyone a dime.
Brent crude futures turned positive while U.S. oil extended gains on Thursday after news that OPEC had agreed to keep its collective oil output ceiling unchanged for the second half of the year at 30 million barrels per day, according to a delegate to the conference.
JPMorgan Chase & Co Chief Executive Jamie Dimon defended the intent of the portfolio behind the bank's recent multibillion-dollar trading loss, telling lawmakers it was a genuine hedge that would make the firm a lot of money if a credit crisis hit.
German Chancellor Angela Merkel said on Monday she would campaign for a financial transaction tax, addressing concerns among the center-left opposition that her government was only using the issue as a way to get euro crisis legislation through parliament.
Mitt Romney?s experience as governor of Massachusetts helped him best a large GOP field in a wild 2012 nomination process to become the Republican Party?s presidential nominee-designate. But is he too old to serve in the most demanding elected office in the world?
Tea Party members and other conservatives would like Americans to believe that the United States? problems started in 2009, but nothing could be further from the truth. Three major policy errors by President George W. Bush last decade substantially worsened the U.S.?s fiscal condition, and the nation has been trying to recover ever since.
The Dow Jones Industrial Average fell 26 points Thursday to 12,393 -- pushed lower by sentiment that May's U.S. Non-Farm Payroll reportl, to be released Friday, will be tepid.
No, you haven?t imagined it: trying to find a decent investment in these volatile financial times is like trying to find a diamond amid ashes. With the aforementioned in mind, here are three dividend plays that may not be diamonds, but they're worthy of consideration.