BARACK OBAMA

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Diary of July 8 G8 summit in Italy

The first day of the meeting will group the leaders of the Group of Eight -- United States, Britain, Germany, Italy, France, Russia, Canada and Japan -- plus European Commission President Jose Manuel Barroso and current EU president Sweden.

Stars sing for Jackson in emotional farewell

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Mariah Carey, Stevie Wonder and Usher led an emotional public memorial for Michael Jackson on Tuesday as the music world, the Jackson family and thousands of fans bade farewell to the King of Pop.
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Jackson hailed as greatest entertainer, best dad

Mariah Carey, Stevie Wonder and Usher led an emotional public memorial for Michael Jackson on Tuesday as the music world, the Jackson family and thousands of fans bade farewell to the King of Pop.
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Obama, in Russia, praises democracy, blasts graft

President Barack Obama appealed to the Russian people on Tuesday to join the United States in overcoming past differences and building a prosperous democratic future free of corruption and the threat of nuclear war.
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Business comments from Obama-Medvedev summit

Following are remarks by U.S. and Russian policymakers and company executives about business ties between the two countries during President Barack Obama's two-day trip to Moscow.
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Obama administration takes action on food safety

The Obama administration on Tuesday ordered tougher steps to curb salmonella and E.coli contamination in U.S. food processing plants and created a new deputy food commissioner post to coordinate safety in the wake of a salmonella outbreak.
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Futures rise as oil recovers, but economic woes nag

Futures pointed to a slightly higher open on Tuesday as the price of oil broke a four-session losing streak, which could lift energy shares, but investors remained cautious ahead of the start of earnings season.
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U.S. should plan 2nd fiscal stimulus: economic adviser

The United States should be planning for a possible second round of fiscal stimulus to further prop up the economy after the $787 billion rescue package launched in February, an adviser to President Barack Obama said.
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U.S.-Russia nuclear deal: spin or deep cut?

President Barack Obama and Russian leader Dmitry Medvedev on Monday agreed a target of cutting vast Cold War arsenals of deployed nuclear warheads by around a third from current levels to 1,500-1,675 each.
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Obama agrees arms cuts, Afghan transit with Russia

Visiting President Barack Obama and Kremlin leader Dmitry Medvedev agreed a target for cuts in nuclear arms and a deal to let U.S. troops fly across Russia at the start of a trip intended to mend strained ties.
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Honduras isolated, Clinton to meet ousted leader

The United States on Monday condemned violence against protesters in Honduras and called for President Manuel Zelaya's reinstatement as the Central American country faced growing isolation over last week's coup.
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Treasury ready to twist arms over consumer agency

The Treasury Department is warning the financial services industry that it will not back down from its proposal to create a new consumer protection agency, even while lobbyists build a warchest and strategy to defeat the plan.
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Media players plot survival in Sun Valley

The global recession, shrinking advertising sales and fears that the Internet could render big media empires obsolete provide an ominous backdrop for executives at this week's Sun Valley conference.
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GM to get final $20 billion in funding this year

General Motors Corp has been given about a third of the bankruptcy financing promised by the U.S. Treasury and will get the remaining $20 billion over the remainder of the year, a senior U.S. official said on Monday.
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Reaction to U.S.-Russia summit

The following are analysts' comments on agreements reached on Monday between U.S. President Barack Obama and Russian President Dmitry Medvedev.
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Obama arrives in Russia, confident of progress

President Barack Obama, opening a visit to Russia intended to mend strained relations, said on Monday he was confident of extraordinary progress if both sides worked hard together during his trip.

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