UNITED NATIONS-- Britain is urging the U.N. Security Council to adopt a resolution calling on all countries not to pay ransom to kidnappers who use the money to finance terrorist groups.» Read More
With pressure mounting on the federal government to find new revenues, legislators are considering legalizing, and taxing, an activity it banned just four years ago, reports the New York Times.
Investors fretted about possible seepage from BP's capped Gulf of Mexico well on Monday and speculation grew about assets the company may sell to pay multibillion dollar costs for its oil spill.
BP said Sunday its new cap has stopped the oil that has gushed into the Gulf of Mexico for three months and hopes to keep it that way until a relief well can permanently seal the leak next month.
Democratic senators in the US are calling for an investigation into BP’s business interests in Libya, accusing the British oil company of being part of a deal to free a convicted terrorist in return for oil licences.
New York lawmakers plan to enact a tax change that will treat much of the compensation earned by the fund managers who work in New York but live outside the state as ordinary income.
In a magazine article, Gen. Stanley A. McChrystal, the top commander in Afghanistan, was portrayed as openly contemptuous of some senior members of the Obama administration, reports The New York Times.
Bankers have all but given up on defeating one of the most contentious provisions in the financial regulation bill and are now focusing on battles like heading off a prohibition on derivatives trading, the New York Times reports.
Long before there was MoneyGram and Western Union, people in South Asian countries often used an informal network of brokers, called an "hawala," to transfer money over long distances when it was too inconvenient or dangerous to send cash by courier.
Theirs was an arranged marriage: two well-educated children of prominent Pakistani families set up through a mutual friend. He was the quiet one; she was the one who laughed at parties.
Leaders of the Senate Banking Committee said that they agreed to limit the likelihood of a taxpayer bailout of big banks, but liberal Democrats said they would push for reducing the size of the nation’s biggest banks.
And they’ll protect you from a slew of other negatives the bears are throwing around, too.
Federal law enforcement officials offered no explanation Tuesday for how the suspect in the failed Times Square bombing was allowed to board an international flight despite being hunted by the FBI and placed on the government no-fly list.
Investigators have spoken to the registered owner of a sport utility vehicle that contained a homemade bomb in the failed Times Square terrorist attack, but he is not considered a suspect, officials said Monday.
Police investigating a terror attack that could have set off a deadly fireball in Times Square focused Sunday on finding a man who was videotaped shedding his shirt near the SUV where the bomb was found.
New York City's police commissioner says there's no evidence of a Taliban link to a failed bomb found in an SUV parked in Times Square.
A committee of economists, charged with determining the official turning points in the nation’s business cycles, certifies the beginnings and ends of recessions. But this time, the evidence is not so easy to decipher, The New York Times reports.
Turning the tables on a China-based computer espionage gang, Canadian and United States computer security researchers have monitored a spying operation for the past eight months, observing while the intruders pilfered classified and restricted documents from the highest levels of the Indian Defense Ministry.
Now that landmark legislation overhauling the health insurance system is about to become law, addressing Social Security’s solvency could well become the next big thing for President Obama and Congressional Democrats.
A settlement that could pay up to $657.5 million to more than 10,000 ground zero rescue and recovery workers sickened by dust from the destroyed World Trade Center goes before a judge Friday, and he has said he favored a settlement but planned to analyze it carefully to make sure it was fair.
British business executives dealing with China were given a formal warning more than a year ago by Britain’s security service, MI5, that Chinese intelligence agencies were engaged in a wide-ranging effort to hack into British companies’ computers and to blackmail British businesspeople over sexual relationships and other improprieties, according to people familiar with the MI5 document.