Economy May 13 EU Levels $1.45B Fine on Intel for Sales Tactics The European Union leveled a record $1.45 billion fine on the Intel Corporation Wednesday for using illegal sale tactics to shut out its competition in the computer chip business after an eight-year antitrust probe.
Politics May 12 Social Security, Medicare Weakened by Recession The financial health of Social Security and Medicare, the government's two biggest benefit programs, has eroded amid the deep economic recession, according to reports released Tuesday.
Economy May 07 ‘Stress Tests’ Find 10 Big Banks Need $75 Billion The Obama administration's much-anticipated "stress-test" results found that 10 of the nation's 19 biggest banks need a total of about $75 billion in new capital to withstand losses if the recession worsens.
Politics May 07 Pakistani Forces Pound Militants in Swat; Red Cross Warns of Humanitarian Crisis As relief agencies work to help thousands of civilians fleeing violence in western Pakistan, Prime Minister Yusuf Raza Gilani said Thursday that militants were trying to hold the country hostage and that armed forces are working to eliminate them.
Economy May 07 GM Reports Heavy Losses in the First Quarter General Motors Corp., which faces a June 1 government deadline to finish a restructuring plan or go into bankruptcy protection, said Thursday it lost $6 billion and its revenue was cut nearly in half in the first quarter.
Politics May 06 President Obama Praises, Presses Allies’ Efforts to Fight Militants President Barack Obama said Wednesday that he got the commitments he wanted from the leaders of Pakistan and Afghanistan to more aggressively fight Taliban and al-Qaida militants who are gaining power and sowing violence inside their countries.
Economy May 05 Fed Chair: Economy Should Grow Later in 2009 Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday that the economy should pull out of a recession and start growing again later this year.
Economy May 04 President Obama Outlines Plan to Close Tax Loopholes, Raise U.S. Revenue President Barack Obama outlined a series of steps Monday aimed at overhauling U.S. tax policies that he says reward companies for shifting American jobs overseas and allow wealthy people to avoid paying taxes by using offshore accounts.
Health May 02 Heading to the Epicenter of the H1N1 Flu Virus Senior NewsHour correspondent Ray Suarez is in Mexico City to report on the H1N1 flu virus outbreak. In this reporter's notebook, he writes about his state of mind en route to the city.
Politics May 01 ‘Judge’s Judge’ Souter Bids Adieu to High Court The composition of judges on the U.S. Supreme Court has been cast once again into the spotlight with Justice David Souter's decision to retire when the court's term ends this summer.