Economy Jul 17 Bank of America, Citigroup Report Strong Profits Two ailing banks that just a few months ago symbolized many of the troubles afflicting the American banking system posted strong second-quarter profits Friday, exceeding analysts' expectations.
World Jul 17 Blasts at Jakarta Hotels Kill 8, Injure More Than 50 Suicide bombers detonated a pair of heavy explosives Friday at two American luxury hotels in Indonesia's capital Jakarta, killing at least eight people and wounding dozens more, police said.
Politics Jul 17 At NAACP Centennial, Obama Speaks of Struggle President Barack Obama delivered a rousing speech Thursday to the National Association for the Advancement of Colored People, paying tribute to the organization's history and challenging its members to confront continued racial disparities.
Health Jul 16 CBO, Democrats Spar Over Cost of Health Care Reform Legislation Democratic leaders in Congress clashed Thursday with Congressional Budget Office director Doug Elmendorf over his statement that the legislation coming out of the House and Senate this week would significantly raise federal spending on health care.
Economy Jul 16 China Holds Workers, Stirring Diplomatic Spat China's detention of four employees of the Australian mining company Rio Tinto on suspicion of stealing government secrets earlier this month has caused a stir on the global business front.
Economy Jul 16 China's Economy Rebounds With Sizable Growth The Chinese government reported that the country's economy grew by 7.9 percent in the second quarter of this year, fueled by massive stimulus spending and more than $1 trillion in lending by state-run banks.
Economy Jul 16 Paulson Rebuts Congress' Rebuke on Bank Merger Lawmakers grilled former Treasury Secretary Henry Paulson Thursday over the government's role in Bank of America's merger with Merrill Lynch, saying authorities withheld information about losses and intimidated bank executives into sealing the deal.
Health Jul 15 Senate Committee Approves Health Reform Legislation Health care reform gained some momentum in the Senate Wednesday as the Committee on Health, Education, Labor and Pensions passed legislation that would require all Americans to obtain health insurance.
Health Jul 14 House Democrats Unveil Health Care Reform Legislation House leaders on Tuesday unveiled a draft of a sweeping health care reform bill that require Americans to buy affordable insurance, raise taxes on the wealthy to pay for reform and require employers to provide insurance or pay a penalty.
Politics Jul 14 Former Liberian Leader Taylor Denies War Crimes Former Liberian President Charles Taylor, the first African leader to stand trial for war crimes, denied all charges during his first day of testimony Tuesday before the three-judge Special Court for Sierra Leone.