The first storm of the Atlantic hurricane season to threaten the United States formed Thursday and was on a path for the Gulf Coast.» Read More
DETROIT, Oct 23- In a federal court building in downtown Detroit, beginning on Wednesday morning, the largest municipal bankruptcy filing in U.S. history comes down to a single question: Is Detroit bankrupt?
Oct 17- Local legislators in Alabama's Jefferson County on Thursday passed a resolution that they will withdraw a pending plan for exiting the county's landmark $4.2 billion municipal bankruptcy unless Wall Street creditors agree to more concessions.
Oct 17- Local legislators in Alabama's Jefferson County on Thursday passed a resolution threatening to withdraw a pending plan for exiting its landmark $4.2 billion municipal bankruptcy if Wall Street creditors do not agree to more concessions.
NEW YORK, Oct 17- Community organizations and non-profit groups that were supposed to help millions of Americans sign up for "Obamacare" are trying to manage mounting frustration with a federal website hobbled by technical problems. The site is allowing only a trickle of users to advance through the enrollment process since its launch on Oct. 1.
Oct 16- Bank of America Corp posted a higher-than-expected quarterly profit on Wednesday as growth in its consumer and wealth management arms underscored the bank's progress in stitching together businesses it picked up in the financial crisis.
NEW YORK, Oct 11- Suspension of some $3 billion worth of federal loans due to the U.S. government shutdown has forced cotton farmers to turn to commercial banks for aid, boosting their costs and further complicating the upcoming harvest in the world's largest cotton exporter.
U.S. lawmakers will have a prime opportunity to vent their concerns when vetting Janet Yellen as next chair of the Fed.
DETROIT, Oct 10- Volkswagen AG's top executives are divided over whether and how workers at the company's Tennessee assembly plant should be represented by a union, but ultimately will insist on a formal vote by those employees, a person with knowledge of the board's thinking said.
*Seen winning Senate backing despite some Republican qualms. President Barack Obama will nominate Fed number two Janet Yellen on Wednesday to run the world's most influential central bank, providing some relief to markets that would expect her to tread carefully in winding down economic stimulus.
WASHINGTON, Oct 8- President Barack Obama will nominate Federal Reserve Vice Chair Janet Yellen to be the next head of the U.S. central bank on Wednesday, putting her on course to be the first woman to lead the institution in its 100- year history. You don't want a change at the central bank right now, "said Dan Fuss, a portfolio manager at Loomis Sayles in Boston.
BIRMINGHAM, Ala., Oct 8- Creditors in the $4.2 billion bankruptcy case involving Alabama's Jefferson County have "overwhelmingly approved" the county's plan of adjustment, Jefferson County Commission President David Carrington said on Tuesday.
*Says works council important to securing more work at Chattanooga. BERLIN, Oct 7- Volkswagen's top labour leader lent weight on Monday to efforts by U.S. union UAW to represent workers at the German company's U.S. plant, an issue that has raised hackles among some U.S. politicians and other critics of UAW.
Senator Bob Corker, a Tennessee Republican, has warned it would be one of Volkswagen AG's "biggest mistakes" to allow the United Auto Workers to represent workers at its Chattanooga, Tennessee, plant.
WASHINGTON, Oct 5- Saying the U.S. government shutdown was having a "heartbreaking" impact on ordinary Americans, President Barack Obama on Saturday renewed his call on congressional Republicans to end the five-day stalemate and pass a funding bill without conditions.
What are the all-time costliest hurricanes to hit the U.S.? Here are the Top 10.
NEW YORK, Oct 2- The U.S. government shutdown is beginning to hit the factory floor, with major manufacturers like Boeing Co and United Technologies Corp warning of delays and employee furloughs in the thousands if the budget impasse persists.
LONDON, Oct 1- Giant sedimentary basins underneath the United States have the capacity to store 500 years' worth of the country's energy-related carbon dioxide emissions, and the biggest are located in the traditional petroleum producing states along the Gulf Coast, according to U.S. government scientists.
Sept 30- The Obama administration accelerated its push to persuade individual Americans to sign up for the most extensive overhaul of the U.S. healthcare system in 50 years on Monday, as the program's foes in Congress fought to delay its launch with the threat of a federal government shutdown.
SAN FRANCISCO, Sept 29- More U.S. shoppers prefer Sony Corp's upcoming PlayStation 4 than Microsoft Corp's Xbox One, according to a Reuters/ Ipsos poll, as the industry's two leading videogame console makers prepare to do battle this holiday season.
Obama is expected to announce his decision in coming weeks and a White House official has said Yellen, 67, the Fed's vice chair, is the leading choice to succeed Fed Chairman Ben Bernanke when his term expires in January.