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Wilbur Ross sees more banking failures

Investor Wilbur Ross, who made a fortune snapping up distressed companies, said on Thursday he expects as many as 800 more U.S. banks to fail in the next few years.

Magellan, Poet to study U.S. ethanol pipeline

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Magellan Midstream Partners said on Monday it had signed a joint agreement with Poet, the largest U.S. ethanol producer, to study building a dedicated pipeline to carry the biofuel from the U.S. Midwest into the Northeast.
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U.S. seeks Madoffs to forfeit homes, boats, piano

U.S. prosecutors want swindler Bernard Madoff and his wife Ruth to forfeit more than $100 million worth of homes, cars, boats, securities, silverware and a piano following his March 12 guilty plea, according to court papers.
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NASA hopeful on Sunday shuttle launch

NASA said there is a high probability of sending its shuttle Discovery to the international space station on Sunday after delaying it for over a month while they fixed a fuel leak.
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Nasa's Space Shuttle Mission Briefing

Nasa's Space Shuttle Discovery (STS-119) will blast off today from the Kennedy Space Center in Florida at 9:20 p.m. PST on a 14-day mission to complete International Space Station.
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From Madoff to Stanford, sleuths chase assets

While accused hedge fund swindler Arthur Nadel sits in a Manhattan jail, Burton Wiand is busy seizing control of his assets -- a 453-acre mountainside tract of land in North Carolina, several airplane hangars and a jumble of bank accounts.
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Best Affordable Beach Resorts

Fashionable beach retreats and bargains aren’t always mutually exclusive. From a sandy retreat in Mexico to a shingled Cape Cod inn, here are our favorites for $250 or less...
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One in 8 U.S. homeowners late paying or in foreclosure

About one in eight U.S. homeowners with mortgages, a record share, ended 2008 behind on their loan payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.
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U.S. productivity plummets, factory orders fall

U.S. business productivity fell in the fourth quarter as output plunged at its fastest pace since 1982, while one in eight U.S. households ended 2008 behind on its mortgage or in foreclosure, according to data on Thursday that underscored the economy's weakness.
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One in five U.S. mortgage borrowers are underwater

One in five U.S. homeowners with mortgages owe more to their lenders than their homes are worth, and the rate will increase as housing prices drop in states that have so far avoided the worst of the crisis, a new study shows.
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Consumer spending, incomes rebound in January

U.S. consumer spending rebounded in January, snapping six months of declines, and incomes rose unexpectedly, boosted by salary increases for government employees, a government report showed on Monday.
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Yahoo offers tools to help marketers

Yahoo introduced several tools on Tuesday that it says will help marketers target their ads more efficiently at a time when many of them are cutting advertising spending drastically. One of the new products lets marketers target people with tailored display ads based on the terms they used in Yahoo's search engine. Another tool customizes display ads based on the websites people have visited an...
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Is Chavez on his way to dictatorship?

Venezuelan President Hugo Chavez on Sunday won a referendum eliminating term limits opening a way for him run again as president in 2012 and possibly for many years to come.
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P&G sticks to plans despite recession

Procter & Gamble Co said on Thursday it will continue to sell products at a wide variety of price points to keep consumers interested in its brands during the recession. We are focused on how consumers define value, regardless of the economic situation they're in, Chairman and Chief Executive A.G. Lafley said at the Consumer Analyst Group of New York conference in Boca Raton...
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U.S. stimulus crucial for smart grid: industry

The electric power industry and manufacturers say $4.5 billion in the $787-billion U.S. economic stimulus package will give a crucial boost to smart grids that will help the nation save money and electricity.
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Obama takes stimulus pleas to hurting cities

President Barack Obama is taking trips to two cities in Indiana and Florida hurting under the economic crisis to make his case for the large economic stimulus package that is facing opposition in Congress.
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Taylor Swift to launch first national tour

Taylor Swift will launch her first nationwide tour called Fearless, which will take her to 52 cities in 38 states beginning Feb. 10 in San Antonio and stretching through the spring, summer and fall in the United States and Canada.
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United States

One of the most dynamic countries on earth, the United States of America (U.S.A.) offers a wide range of terrain, diverse cultures, vast cities and small friendly towns with something for everyone. Attractions such as...

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