Economy Aug 05 Fed Opts to Leave Key Interest Rate Unchanged The Federal Reserve decided Tuesday for a second consecutive meeting to keep a key interest rate at 2 percent, saying that overall the economy is doing well despite inflationary fears.
Economy Aug 01 U.S. Employers Cut 51,000 Jobs in July The U.S. unemployment rose to its highest level in four years in July as employers slashed 51,000 jobs, according to a Labor Department report released Friday.
Politics Jul 31 Olmert’s Resignation Stirs Political Uncertainty in Israel After months of being dogged by corruption scandals and calls for his resignation, Israeli President Ehud Olmert's decision to step down in September has stirred political uncertainty in Israel and plunged the stalled peace talks into confusion.
Politics Jul 30 Turkey’s High Court Says Ruling Party Can Stay After three days of deliberation, Turkey's Constitutional Court decided Wednesday to keep the ruling AK Party in place, despite charges it engaged in Islamist activities.
World Jul 30 U.N. Reports Says North Korea Is in Food Crisis Flooding and poor harvests have caused North Korea's worst food crisis in nearly a decade and have put millions at risk, the U.N. World Food Program said Wednesday as it called on donors to provide urgent assistance over the next…
Economy Jul 29 Home Prices Slid 15.8% in May, Survey Finds Home prices slid by a steep 15.8 percent in 20 U.S. cities in May, according to the Standard & Poor's/Case-Shiller home-price index released Tuesday, offering the latest evidence of continuing struggles in the nation's housing market.
Politics Jul 28 DOJ Hiring Marred by Politics, New Report Finds Top aides to former Attorney General Alberto Gonzales violated federal law by allowing politics to influence the hiring of career prosecutors and judges, a new Justice Department investigation concludes.
Economy Jul 25 Foreclosures More than Double; Uptick Seen in Durable Goods U.S. homeowners lost 220,000 homes to foreclosure in the second quarter, according to a report issued Friday by RealtyTrac, Inc., a marketer of foreclosed homes.
Economy Jul 22 Wachovia Posts Surprising $8.9 Billion Loss Banking giant Wachovia Corp. reported a nearly $9 billion second-quarter loss Tuesday, surprising Wall Street analysts who had expected a smaller drop. The company plans to cut 6,350 jobs and slash dividends to offset the losses.
Science Jul 18 Biotech Companies, Investors Look to Adult Stem Cell Research In June, pharmaceutical giant Pfizer announced that it was investing $3 million in a small San Diego-based biotech startup called EyeCyte, which will work to develop adult stem cell-based treatments for eye diseases.