Economy May 13 Treasury Seeks More Regulation of Risky Derivative Trades The Obama administration is seeking new authority to oversee the virtually unregulated market for derivatives, a class of exotic financial instruments that includes the risky contracts that helped cripple insurance giant American International Group.
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.
Nation May 12 Army Sgt. Charged with Murder in Iraq Clinic Attack A U.S. soldier suspected of killing five fellow servicemembers Monday at a military counseling clinic in Baghdad was charged Tuesday with five counts of murder, the U.S. military said in a statement.
Nation May 11 Benedict Visits Middle East in Closely-watched Pilgrimage Pope Benedict XVI launched the second leg of a closely-watched trip to the Middle East Monday with a visit to Israel's Holocaust memorial where he said victims of the genocide "lost their lives but they will never lose their names."…
Health May 11 Health Industry Vows to Trim Costs Six leaders of the health care industry have told the White House they are willing to dramatically cut spending in order to assist the Obama administration in its goal of overhualing the American health care system.
Health May 09 As Fears Subside in Mexico, Health Experts Urge Continued Caution Senior correspondent Ray Suarez was in Mexico City all week, reporting on the H1N1 flu. In this reporter's notebook that he filed during his flight home, he reports on the next steps for Mexico's government, people and medical community.
Economy May 08 Jobs Reports Shows Layoff Pace Slowed in April The pace of layoffs slowed in April as employers cut 539,000 jobs, the fewest in six months, according to a Labor Department report released Friday. But the unemployment rate climbed to 8.9 percent, the highest since late 1983.
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.
Science May 07 Q&A: Gene Sequence 'Bank' Helps Scientists Decipher H1N1 Flu Within days of the first swine flu case confirmation in California last month, scientists at the Centers for Disease Control mapped the virus's genetic code and posted the sequence in a publicly available database for other researchers to examine.