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  • Obama to push clean energy technologies in Iowa

    FILE - In this April 25, 2012 file photo, President Barack Obama speaks at the University of Iowa, in Iowa City, Iowa. The president is heading to the political battleground state of Iowa this week to prod Congress to act on his agenda. The president will visit TPI Composites, a wind manufacturer in Newton, on Thursday to highlight his push for tax credits to encourage investments in clean energy technologies. (AP Photo/Carolyn Kaster, File)President Barack Obama is heading to the political battleground state of Iowa this week to prod Congress to act on his agenda.



  • Old feud in Bush administration part of Ariz. race

    FILE - In this Jan. 18, 2008, file photo, former Surgeon General Richard Carmona speaks during a news conference in Austin, Texas. Old political battles are resurfacing for former Carmona as he seeks to become Arizona’s next U.S. senator _ as a Democrat, not as a Republican. Carmona served four years as surgeon general under Republican President George W. Bush. (AP Photo/Harry Cabluck, file)Richard Carmona arrived in Washington a political novice in 2002 and left four years later scarred and frustrated. He didn't go quietly.



  • South Korea economy to pick up but at slower pace: OECD
    PARIS (Reuters) - South Korea's economy will gather pace over the coming quarters and the country's central bank will need to raise interest rates to keep inflation within its target, the OECD said in a report on Tuesday. Growth in Asia's fourth-largest economy will slow to 3.3 percent in 2012 from 3.6 percent in 2011, but pick up to 4 percent in 2013, the Organisation for Economic Co-operation and Development (OECD) said in a report. ...
  • OECD fears euro woe to snap brittle world recovery

    A homeless man sleeps in front of a closed shop in central AthensPARIS (Reuters) - The United States and Japan are leading a fragile developed world recovery that could be blown off course if Europe fails to contain the damage from its problem debtor states, the OECD said on Tuesday. It urged euro zone leaders to embrace all options for tackling the crisis, potentially including common bonds to go with the common currency. In its twice-yearly economic outlook, the Paris-based Organisation for Economic Co-operation and Development forecast that global growth would ease to 3.4 percent this year from 3.6 percent in 2011, before accelerating to 4. ...



  • Instant View: Existing home sales rise 3.4 percent in April
    NEW YORK (Reuters) - Home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs about the pace of recovery in the still-struggling housing sector. COMMENTS: CARY LEAHEY, MANAGING DIRECTOR AND SENIOR ECONOMIST, DECISION ECONOMICS,NEW YORK "The number is okay, nothing to get particularly excited about. You hit the level predicted by the consensus and you got a very modest downward revision to March. "Sales occurred as expected. You have a nice upward grind in existing sales. ...
  • Home resales rise, boding well for economy

    A newly constructed home is seen for sale in JoplinWASHINGTON (Reuters) - Home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs for the country's economic recovery. The National Association of Realtors said on Tuesday that existing home sales increased 3.4 percent to an annual rate of 4.62 million units last month, the highest since May 2010. "The housing market is showing some signs of life," said Gary Thayer, a macro strategist at Wells Fargo Advisors in St. Louis. Nationwide, the median price for a home resale jumped to $177,400 in April, up 10. ...



  • Romney's playbook on Bain unclear as attacks grow

    Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at the River City Brewing Company, Thursday, May 17, 2012, in Jacksonville, Fla. (AP Photo/Mary Altaffer)The core of his presidential candidacy under attack, Mitt Romney has yet to shape a playbook to defend a quarter-century in the business world that created great riches for him and great hardship, at times, for some American workers.



  • Spain court drops tax probe of Santander chairman
    Spain's National Court said Tuesday it had dropped its investigation into the country's top banker — Banco Santander chairman Emilio Botin — and 11 of his relatives over possible income and wealth tax evasion.
  • Defense starts in Philadelphia priest-abuse trial
    The first defense witness in a groundbreaking clergy-abuse trial says the defendant lacked the authority to transfer priests within the Philadelphia archdiocese.

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  • Taliban taking over Afghan schools?
    The power struggle with the Taliban in classrooms is symptomatic of broader fears about the future. As the U.S.-led military effort winds down in Afghanistan, will the Taliban tighten its grip on daily life in the country?

  • Mexico's topless candidate
    It's a campaign that's raising a lot of eyebrows in Mexico.

  • Men deface controversial art
    Security guards restrain two men after they deface the painting depicting President Jacob Zuma with his genitals exposed.

  • Men deface controversial art
    Security guards restrain two men after they deface the painting depicting President Jacob Zuma with his genitals exposed.

  • Who's behind 101 deaths in Yemen?
    The Yemeni government blamed an affiliate of al Qaeda in the Arabian Peninsula on Tuesday for a massive suicide bombing that killed more than 100 soldiers a day earlier.

  • Mali protesters beat up leader
    Dioncounda Traore, Mali's interim president, was beaten and rushed to a hospital after hundreds of protesters demanding his resignation stormed the presidential palace Monday.

  • Iran: Nuke talks pave way for deal
    Iran's talks Monday with the United Nations nuclear watchdog agency helped lay the groundwork for progress in upcoming negotiations, the Iranian regime said.

  • IOC rejects Israel plea
    The International Olympic Committee on Monday defended its stance against a moment of silence at the London Games for Israel's 11 athletes and coaches killed by terrorists in 1972, a response that follows an Israeli official's vow to pressure the organizing committee to change its position.

  • Nadal wins record 6th title in Rome
    Rafael Nadal won a record sixth title at the Rome Masters to strike a psychological blow over Novak Djokovic ahead of the French Open.

  • Chelsea lift European Cup
    Didier Drogba scored the winner in a dramatic penalty shoot out as Chelsea beat Bayern Munich on Saturday to win the European Champions League for the first time.

  • New quake rattles Italy
    Northern Italy was shaken by an aftershock Monday morning, a day after a magnitude-6.0 quake killed at least seven people and left thousands of survivors huddling in tents or cars overnight.

  • 'El Loco' suspected in slayings
    Mexican troops have detained a man who authorities say is one of the principal suspects in the killings of 49 people whose bodies were abandoned near a highway last week.


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