President Obama said his first priority in the Malaysia Airlines passenger jet crash is to find out if Americans were on board. CNBC's Eamon Javers outlines how Obama spent his day.» Read More
HOUSTON, July 29- A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a U.S. judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be settled in Iraq.
WASHINGTON, July 29- President Barack Obama escalated U.S. economic sanctions against Russia on Tuesday for its aggression against Ukraine but dismissed suggestions the growing chill in U.S.-Russian relations marked the start of a new Cold War.
WASHINGTON— The Senate has amended a House-passed highway bill. The Senate's action requires that the bill go back to the House. Leaders there say they will reject the Senate change.
SAN FRANCISCO— Dustin Moskovitz has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ago.
July 29- Amgen Inc on Tuesday said it would cut up to 15 percent of its global work force and close plants as part of a series of moves aimed at reallocating resources as it prepares for the eventual launch of medicines it hopes will drive future growth.
Patrick Leahy on Tuesday introduced a bill to end the National Security Agency's bulk collection of phone records, a proposal that goes further than a similar House measure and has drawn support from civil liberties groups, the White House and Republicans.
WASHINGTON— Obama: US imposing sanctions on energy, finance and arms sectors of Russia with' bigger bite'.
WASHINGTON— The House and Senate have passed competing versions of legislation to prevent the federal trust funds providing highway and transit funds from running dry next month and to buy more time for Congress to draft a new highway bill.
HOUSTON/ BAGHDAD, July 29- Iraq scrambled to gain control of a cargo of Kurdish oil worth $100 million off the Texas coast on Tuesday after the U.S. ordered its seizure in a bid by Baghdad to halt oil sales by the autonomous region of Kurdistan.
FORT WORTH, Texas— The U.S. has barred a shipment of Kurdish crude oil from reaching the Texas coast amid concerns independent oil sales from Kurdistan could further weaken Iraq's fragile central government as it struggles to contain a Sunni military offensive.
According to the Treasury Department, the U.S. penalties target the Bank of Moscow, the Russian Agricultural Bank and VTB Bank. Also listed on the Treasury designation is the United Shipbuilding Corp., which is based in St. Petersburg, Russia. Ahead of Obama's announcement, White House spokesman Josh Earnest welcomed the European sanctions.
BUENOS AIRES, Argentina— Argentina risks financial default unless it reaches an agreement with a group of holdout bondholders by Wednesday. The swap, however, failed to resolve Argentina's troubles. Argentina's government lined up two more swaps in 2005 and 2010, offering existing creditors new bonds worth much less than the old ones.
*Has said he will fight if Russia resists paying $50 bln claim. MOSCOW/ TEL AVIV, July 29- Former Yukos executive and top shareholder Leonid Nevzlin will face an uphill struggle getting any of the money he lost when the Russian oil giant was seized and nationalized after falling foul of the Kremlin.
WASHINGTON/ NEW YORK, July 29- The long-anticipated merger of Sprint Corp and T-Mobile US Inc is not expected to occur before September, with the companies continuing due diligence and preparing a detailed case for a deal before U.S. regulators, according to people familiar with the matter.
WASHINGTON— JPMorgan Chase will pay $650,000 to settle charges by federal regulators that it filed inaccurate reports on the trading positions of some of its large customers.
The industry said in court that the rules go beyond what Congress intended and violate First Amendment rights to freedom of speech by forcing meat producers to provide information about their products without "directly advancing a government interest."
WASHINGTON— This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low. This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway inflation?
LONDON, July 29- Somewhere in an office at the Bureau of Industry and Security in Washington, D.C., a mid-ranking government official is sitting down with a stack of dictionaries.
HOUSTON/ LONDON, July 29- U.S. authorities were set on Tuesday to seize a cargo of crude worth more than $100 million from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes in an oil sales dispute between Iraq's central government and the autonomous region.
*Gaza's only power station knocked out. GAZA/ JERUSALEM, July 29- Israel knocked out Gaza's only power plant, flattened the home of its Islamist Hamas political leader and pounded dozens of other high-profile targets in the enclave on Tuesday, with no end in sight to more than three weeks of conflict.