Economy Feb 06 Employers Slash 598,000 Jobs in January U.S. employers shed 598,000 jobs in January, pushing the unemployment rate to 7.6 percent in the latest sign of how the nation's labor market is retracting under the weight of the recession.
Economy Feb 06 Toyota Forecasts $5 Billion Fiscal Year Loss The world's largest automaker, Toyota Motor Company, said Friday it expects to post an annual net loss three times larger than expected and began a series of assembly line shut-downs in an effort to save jobs.
Nation Feb 05 Obama Creates Office of Faith-based and Neighborhood Partnerships President Barack Obama signed an executive order Thursday to create a White House Office of Faith-based and Neighborhood Partnerships to help nonprofits and local groups improve their communities with help from the government and other organizations.
Politics Feb 05 Supreme Court's Ginsburg Has Surgery for Pancreatic Cancer Supreme Court Justice Ruth Bader Ginsburg had surgery Thursday after being diagnosed with what is apparently early-stage pancreatic cancer, the high court said.
Politics Feb 05 Iraqi Prime Minister's Party Posts Gains in Elections Preliminary results in Saturday's provincial elections in Iraq show Prime Minister Nouri al-Maliki's Dawa party garnering the most votes in nine provinces, but falling short of operating without a coalition.
Politics Feb 05 Negotiations Continue on Senate Stimulus Plan President Barack Obama urged lawmakers to act quickly on his economic stimulus package Thursday, telling reporters that the time for talk on the proposal is over and "the time for action is now."…
Health Feb 04 After SCHIP Bill Signing, Major Health Challenges Will Persist for Kids After a long, uphill battle and two presidential vetoes, a bill extending health coverage to millions of low-income children was signed into law by President Barack Obama Wednesday.
Nation Feb 04 House OKs Delaying Digital TV Switch Until June The country's transition to digital television is being postponed until June 12, following a vote in the House of Representatives that sends the bill to the White House, where President Barack Obama is expected to sign it.
Economy Feb 04 Obama's Remarks on Executive Compensation President Barack Obama and Treasury Secretary Timothy Geithner imposed tough rules Wednesday to rein in corporate pay, capping executive compensation at $500,000 a year for companies getting taxpayer funds. Here are the president's prepared remarks:…
Economy Feb 04 Obama Links $500,000 Executive Pay Cap to Bailout Funds President Barack Obama and Treasury Secretary Timothy Geithner announced Wednesday a pay cap of $500,000 for top executives at companies that receive federal dollars under the Troubled Asset Relief Program for struggling banks and corporations.