BARACK OBAMA

Wall Street climbs, led by tech and biotech

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Stocks climbed on Wednesday, led by technology and biotech stocks, while declining financial shares reined in the Dow's and S&P's gains after a broad debt ratings downgrade on banks.

Russia hopes down-to-earth Obama drops Star Wars

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Russia hopes U.S. President Barack Obama will not pursue his predecessor's plan to deploy weapons in space but Moscow is ready to respond appropriately to any such moves, a senior Russian general said on Wednesday.
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Obama lays out financial regulation overhaul plan

President Barack Obama laid out his vision for reshaping U.S. financial regulation on Wednesday, aiming to tighten oversight of large firms whose excessive risk-taking triggered a global economic slump.
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Wall Street set for flat open

Stock index futures pointed to a flat to lower open on Wednesday as key data for May tempered inflation concerns but was offset by a disappointing earnings outlook from package delivery company FedEx Corp .
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Obama to extend benefits to unmarried partners

U.S. President Barack Obama will sign a memorandum on Wednesday to extend healthcare and other benefits to unmarried domestic partners of federal workers, a White House official said on Tuesday.
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Obama, Lee warn North Korea; missile on the move

The leaders of South Korea and the United States told North Korea to drop its atomic ambitions and stop threatening the region while media reports on Wednesday said Pyongyang was moving ahead with plans to launch a long-range missile.
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Stock futures mixed before CPI, Obama plans

Stock index futures were little changed on Wednesday as caution prevailed ahead of key inflation data for May and quarterly results from package delivery company FedEx Corp that may shed light on the strength of the economic recovery.
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Stock futures mixed before CPI, FedEx results

Stock index futures were little changed on Wednesday as caution prevailed ahead of key inflation data for May and quarterly results from package delivery company FedEx Corp that may shed light on the strength of the economic recovery.
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Backers of Iran's Mousavi plan more protests

Supporters of Iran's defeated presidential candidate Mirhossein Mousavi aim to keep pressure up with new protests on Wednesday over a disputed poll which has led to the biggest upheaval since the 1979 Islamic revolution.
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Obama to unveil plans for financial rules overhaul

President Barack Obama will unveil on Wednesday his plans for reshaping U.S. financial regulation, with proposals to close one bank regulator and create new overseers for big-picture economic risk and consumer financial product safety.
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Obama to axe bank agency in financial overhaul

The Obama administration plans to streamline U.S. bank oversight and put the Federal Reserve in charge of monitoring big-picture economic risks in a sweeping regulatory overhaul to be formally unveiled on Wednesday, a senior administration official said.
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U.S. House looks for money for healthcare

The powerful tax-writing House of Representatives Ways and Means Committee aims to have proposals to raise revenue by Friday to help pay the trillion dollar tab expected to be needed for broad health reform, Chairman Charles Rangel said on Tuesday.
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Obama, Lee warn North Korea brinkmanship won't work

U.S. President Barack Obama and South Korean President Lee Myung-bak presented a united front to North Korea on Tuesday, saying Pyongyang must abandon its nuclear weapons program and will not be rewarded for provoking a crisis.
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Obama to call for U.S. financial product watchdog

President Barack Obama pledged on Tuesday to pursue major changes in U.S. financial regulation, but warned it will be a heavy lift politically with special interests already offering opposition.
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North Korea says jailed journalists bent on slander

North Korea said on Tuesday that two U.S. journalists it sentenced to 12 years of hard labor were trying to slander the state, giving its first detailed account of the case that worsened ties with the United States.
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Israelis liked PM speech, but peace still far: poll

Israeli Prime Minister Benjamin Netanyahu's keynote speech on Middle East peace this week received massive support from the Israeli public but they do not think it will further its aim, a poll showed on Tuesday.
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Iran rules out annulment, Tehran crowds gather

Iran's top legislative body on Tuesday ruled out annulling a disputed presidential poll that has prompted the biggest street protests since the 1979 Islamic revolution but said it was prepared for a partial recount.
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Iran ready for partial recount in disputed vote

Iran's top legislative body said Tuesday it was ready to carry out a partial recount in a disputed presidential election that has prompted the biggest street protests since the 1979 Islamic revolution.
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Iran protesters plan more rallies after one killed

Iranians planned more protests on Tuesday against a presidential election they say was rigged but the focus of their anger, President Mahmoud Ahmadinejad, left the country to attend an international meeting.
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N. Korea worries overshadow trade as Obama, Lee meet

President Barack Obama and South Korean President Lee Myung-bak are expected to show a united front against North Korea when they meet on Tuesday, but they may not make much progress on free trade pact that has been stalled for two years.

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