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.
Democrats and Republicans remained deadlocked in crisis talks Sunday to agree on painful cuts in US government spending
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.
Investors have begun looking for a haven beyond the traditional financial centers in the US and Europe
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."
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 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
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.
Obama tries to reach compromise to raise debt ceiling and avoid crisis
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.
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.
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