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Updated: 13 years 44 weeks ago
Trade in focus as Russia's Medvedev visits Obama
WASHINGTON (Reuters) - President Barack Obama and his Russian counterpart Dmitry Medvedev will seek to kick start trade and investment on Thursday to complement a political reset between the former Cold War foes.
Categories: Science News
Bank capital and broker norms raised in Wall Street bill
WASHINGTON (Reuters) - Banks would face tougher curbs on trading but would be able to hold limited hedge fund positions under a proposal unveiled by Senate Democrats as they closed in on a final overhaul of financial regulations.
Categories: Science News
Government loses bid to keep oil drilling ban
WASHINGTON/VENICE, Louisiana (Reuters) - The Obama administration lost another legal skirmish on Thursday when a judge refused to put on hold his decision lifting a ban on deepwater oil drilling imposed after the worst spill in U.S. history.
Categories: Science News
New home sales at record low as tax credit expires
WASHINGTON (Reuters) - Sales of new homes dropped a record 32.7 percent in May to the lowest level in at least four decades as the boost from a popular tax credit faded, adding to worries over a slowing economic recovery.
Categories: Science News
Fed softens economy view as it renews low-rate vow
WASHINGTON (Reuters) - The Federal Reserve acknowledged a faltering pace of U.S. economic recovery on Wednesday as it renewed its vow to hold benchmark interest rates exceptionally low for an extended period.
Categories: Science News
U.S. administration appeals decision blocking drill ban
WASHINGTON (Reuters) - The Obama administration on Wednesday appealed a court ruling that blocked its six-month moratorium on deepwater oil drilling after a judge said it was not adequately justified despite the crude oil spill from BP Plc's leaking well in the Gulf of Mexico.
Categories: Science News
Poll: Obama's ratings fall amid Gulf oil spill
WASHINGTON (Reuters) - President Barack Obama's job performance rating has dropped to the lowest level of his presidency as Americans grow less confident in his leadership, according to an opinion poll published on Wednesday.
Categories: Science News
Feinberg to quit pay czar post to focus on BP fund
WASHINGTON (Reuters) - Kenneth Feinberg will step down from his role as Treasury's "pay car" later this summer to focus on administering the BP Plc's $20 billion oil spill fund, a Treasury spokesman said on Wednesday.
Categories: Science News
Fed softens economy view as it renews low-rate vow
WASHINGTON (Reuters) - The Federal Reserve acknowledged a faltering pace of U.S. economic recovery on Wednesday as it renewed its vow to hold benchmark interest rates exceptionally low for an extended period.
Categories: Science News
U.S. to issue more flexible oil drilling moratorium
WASHINGTON (Reuters) - The U.S. government will revise its restrictions on offshore drilling, which could allow some deepwater oil projects to go forward after a court threw out the Obama administration's blanket drilling ban, a senior official said on Wednesday.
Categories: Science News
White Apple iPhone 4s sold out on eve of launch
LOS ANGELES (Reuters) - Apple Inc has run out of white iPhone 4s on the eve of the launch of the hot-selling next-generation smartphone, the latest hiccup in the gadget's closely watched global roll-out.
Categories: Science News
Germany, England through, Ghana survive
JOHANNESBURG (Reuters) - England and Germany squeezed into the second round of the World Cup Wednesday together with the United States but Australia went out despite a victory that paradoxically saved Africa's chances.
Categories: Science News
Six vying to become next "Sheriff of Wall Street"
NEW YORK (Reuters) - When New York state voters choose their next attorney general, they may well be electing the next Sheriff of Wall Street.
Categories: Science News
Israel launches spy satellite
JERUSALEM (Reuters) - Israel has launched its latest military spy satellite, boosting its intelligence-gathering capabilities in the face of Iran's nuclear program, a cabinet minister said on Wednesday.
Categories: Science News
New home sales at record low as tax credit expires
WASHINGTON (Reuters) - Sales of new homes dropped a record 32.7 percent in May to the lowest level in at least four decades as the boost from a popular tax credit faded, adding to worries over a slowing economic recovery.
Categories: Science News
Homegrown attack threat not receding: NYPD chief
NEW YORK (Reuters) - Islamist extremists similar to the Times Square bomber are living among New Yorkers and the threat of attack by "homegrown terrorists" is not diminishing, city Police Commissioner Ray Kelly said on Wednesday.
Categories: Science News
Onyewu surprise omission by Americans
PRETORIA (Reuters) - Key defender Oguchi Onyewu was a surprise omission from the United States line-up on Wednesday for their World Cup Group C match against Algeria in Pretoria.
Categories: Science News
OSCE calls for international police force in Kyrgyz south
BISHKEK/OSH (Reuters) - An international police force may be needed to restore stability in southern Kyrgyzstan after the ethnic bloodshed that has killed hundreds and sparked a wave of refugees, an OSCE official said on Wednesday.
Categories: Science News
Hard-hit states to get funds to aid homeowners
WASHINGTON (Reuters) - Five of the states hit hardest by the slump in housing prices will soon begin receiving funds from a special $1.5 billion fund intended to head off some foreclosures, the Treasury Department said on Wednesday.
Categories: Science News
Soros says Germany could cause euro collapse
BERLIN (Reuters) - Germany's budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday.
Categories: Science News