IMF warns US debt crisis to cause global repercussion

2011-07-26 08:39:08

The US economy will cause global "severe shock" if the country's debt ceiling not raised in time, the International Monetary Fund (IMF) reported on Monday.

Gridlock for US debt talks

2011-07-25 08:34:47

Democrats and Republicans remained deadlocked in crisis talks Sunday to agree on painful cuts in US government spending

United Continental's profit falls 11.9%

2011-07-22 09:08:24

US carrier United Continental's profit fell 11.9 percent in the second quarter of the year due to rising fuel costs and a drop-off in travel to Japan.

US debt stalemate threatens Europe

2011-07-20 08:16:23

Investors have begun looking for a haven beyond the traditional financial centers in the US and Europe

Obama honors Mandela on eve of 93rd birthday

2011-07-18 08:25:49

President Barack Obama is calling the South African leader "a beacon for the global community, and for all who work for democracy, justice and reconciliation."

Dow Jones CEO quits over hacking scandal

2011-07-16 11:08:33

Les Hinton, the top executive of Rupert Murdoch's Dow Jones & Co, resigned on Friday after becoming a target of criticism for the phone-hacking scandal that occurred when he oversaw News Corp's British newspapers

Facebook lets its 750 million users video chat

2011-07-07 07:27:23

Facebook is striking back at Google Inc, which last week introduced a social networking service dubbed Google+, launched a video-calling feature with Skype for its 750 million users. Google+ challenges Facebook in new battle

Lockheed Martin doubles job cuts

2011-07-01 09:36:27

Defense contractor Lockheed Martin Corp. plans to cut 1,500 jobs in its airplane-making business, saying it needs to cut costs due to the prospect of limited defense spending.

US credit rating teeters on edge

2011-07-01 08:09:23

Obama tries to reach compromise to raise debt ceiling and avoid crisis

Facebook overtakes Microsoft in UK

2011-06-27 07:52:28

Facebook overtook Microsoft websites in Britain for the first time last month, becoming the UK's second-most popular after Google as people aged over 50 flocked to social networks.

US and others plan biggest release of reserve oil

2011-06-24 13:09:28

The United States and other nations that depend on oil imports will release and sell 60 million barrels of crude from emergency stocks in an effort to ease the strain of high oil prices on the global economy.

US Fed to end bond-buying program on schedule

2011-06-23 06:56:41

The US economic recovery is going more slowly than expected, but the Federal Reserve will end its 600-billion-dollar Treasury bond purchase program by the end of June as scheduled