By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.
Its uncertainty burst into view Wednesday, when Chairman Ben Bernanke testified to Congress in the morning and the Fed in the afternoon released
WASHINGTON (AP) - A federal panel of medical experts says that an experimental insomnia drug from Merck & Co Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty driving.
A majority of panelists on the Food and Drug
DETROIT (AP) - Electric car maker Tesla Motors says it has repaid a loan from the U.S. government nine years early.
The company says it wired a $451.8 million payment to the government on Wednesday to retire a loan it received from the Department of Energy.
The agency loaned Tesla $465 million in
SAN FRANCISCO (AP) - Hewlett-Packard's slump is deepening as the world's largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices.
A quarterly earnings report released Wednesday provided the evidence of Hewlett-Packard Co.
NEW YORK (AP) - Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve.
The release of minutes of the Fed's April 30-May 1 meeting reversed a surge earlier in the day.
By FILI SAGAPOLUTELEAssociated Press
PAGO PAGO, American Samoa (AP) - American Samoa plans to take away frequent flier miles from government workers who travel on behalf of the U.S. territory.
Gov. Lolo Matalasi Moliga says the territory will use the miles to help medical patients travel off-island
By MOHAMMED DARAGHMEHAssociated Press
RAMALLAH, West Bank (AP) - Palestinians believe the U.S. effort to restart peace talks is doomed, and they're preparing instead to resume their campaign of seeking membership in key international organizations as soon as next month, officials told The
By Trevor MoggProvided by
If you'd told someone in 1922 that in 50 years time a guy in a space suit would be dancing across the surface of the moon singing, "I was strolling on the moon one day, in the merry merry month of December May," that person would more than likely have suggested you
By COLLEEN BARRYAP Business Writer
MILAN (AP) - Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves its tax base to Britain after it completes a merger with its U.S.-based subsidiary CNH Global NV.
By DAN SEWELLAssociated Press
CINCINNATI (AP) - Tea party activists waving flags and signs, singing patriotic songs and chanting anti-IRS slogans protested outside federal buildings across the country Tuesday to protest the agency's extra scrutiny of conservative groups.
A crowd packed the
By TAMARA LUSH and BARBARA RODRIGUEZAssociated Press
ZEPHYRHILLS, Fla. (AP) - It could be an anxious wait of up to two months for people in a small Florida city to find out who won the highest Powerball jackpot in history: an estimated $590.5 million.
The lucky ticket was bought sometime Saturday
SPOKANE, Wash. – The trial of Clay Starbuck, charged with killing his ex-wife Chanin and sexually violating her remains, entered its third week Monday at the Spokane County Courthouse.
Chanin Starbuck was found strangled to death in her Deer Park home in December of 2011, and Clay