A Paris court blames US carrier Continental for the 2000 Concorde crash which killed 113, but the airline vows to appeal, describing the ruling as 'absurd'.
Federal Reserve Chairman Ben Bernanke says that the US economic recovery is 'not far' from losing momentum. If the recovery slips further, the Federal Reserve is prepared to act again.
The secrecy around Mayor Michael R. Bloomberg’s selection of Cathleen P. Black to run the city’s schools highlighted his faith in business leaders and dislike of public debate.
Starting Thursday, Wal-Mart plans to offer free shipping on its Web site, a move that may create an expectation among consumers and a threat to smaller retailers.
AP - An outline of a bipartisan economic package is emerging that would temporarily extend the Bush-era tax rates for all taxpayers, while extending jobless benefits for millions of Americans.
AP - In a disclosure of some of the most sensitive information revealed yet by WikiLeaks, the website has released a secret cable listing sites worldwide that the U.S. considers critical to its national security.
AP - Continental Airlines and one of its mechanics were convicted of manslaughter Monday by a French court, which ruled that debris from a Continental plane caused the crash of an Air France Concorde jet that killed 113 people a decade ago.
The Wikileaks cables brought to light a vicious campaign of revenge by Iran against Iraqi air force pilots who bombed Iranduring the 1980-88 Iran-Iraq war. So far 182 pilots have been assassinated and 800 more have fled the country.
President Barack Obama said Monday that there are still "serious debates still taking place" in the negotiations over extending the Bush-era tax cuts, and both Democrats and Republicans have to be prepared to compromise to reach a deal.
The political pressure on the administration to tackle deficit reduction is mounting. Even before he began negotiations with Republicans last week, President Obama conceded ground by announcing a federal pay freeze.