WASHINGTON – President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression. Full Story »
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WASHINGTON – President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression. Full Story »
MANCHESTER, Tenn. - Bruce Springsteen astonished the Bonnaroo crowd with a passionate three-hour performance, offering sweat and rock 'n' roll to inspire, he said, in "hard times." Full Story »
LOS ANGELES - Hundreds gathered to honor David Carradine at a sprawling hillside cemetery on Saturday during a funeral that was attended by family, former co-stars and other Hollywood friends. Full Story »
NEW YORK - Christian "Hitsch" Albin, who fed the world's luminaries for decades as executive chef of The Four Seasons a restaurant that invented the "power lunch" has died. He was 62. Full Story »
ORLANDO, Fla. - Like any couple, they've had their fair share of ups and downs. They've feuded publicly and fought privately. They separated for a year and reunited with an understanding that it was best for both of their careers. They've grown older together. Lakers superstar Kobe Bryant and coach Phil Jackson have endured. Full Story »
TEHRAN (Reuters) - Thousands of protesters clashed with police after President Mahmoud Ahmadinejad won an election which his reformist challenger called a "dangerous charade." Full Story »
ISLAMABAD (Reuters) - Pakistani warplanes struck a stronghold of Pakistani Taliban leader Baitullah Mehsud on Saturday, hours after President Asif Ali Zardari vowed to wage war against militancy "to the end." Full Story »
JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu is to deliver a policy speech on Sunday to address tensions with the United States over his refusal to end settlement building and embrace Palestinian statehood. Full Story »
SEOUL (Reuters) - North Korea said on Saturday it would start a uranium enrichment program and weaponize all its plutonium in response to fresh U.N. sanctions, which the United States said it would work vigorously to enforce. Full Story »
LECCE, Italy (Reuters) - The world's rich nations, heartened by signs the credit crisis is easing, have started to consider how to unwind rescue steps for their economies once recovery is certain, their finance ministers said on Saturday. Full Story »
DAMASCUS (Reuters) - U.S. envoy George Mitchell discussed on Saturday Washington's Middle East peace efforts with Syrian President Bashar al-Assad, marking a further thaw of relations between the two countries. Full Story »
KABUL (Reuters) - The United Nations has asked NATO defense ministers to review how special forces are deployed in Afghanistan in a bid to reduce civilian casualties that risk jeopardizing Western efforts to stabilize the country. Full Story »
WASHINGTON (Reuters) - President Barack Obama on Saturday proposed an additional $313 billion in cuts to Medicare, Medicaid and other programs to pay for healthcare reforms expected to cost about $1 trillion over the next decade. Full Story »
TEHRAN (AFP) - Iran cracked down on opposition protesters on Sunday and fresh violence erupted after President Mahmoud Ahmadinejad's hotly disputed re-election sparked widespread street riots in Tehran. Full Story »
HARTFORD, Conn. – Connecticut basketball coach Jim Calhoun was hospitalized Saturday after he collapsed following a 50-mile charity bicycle ride during which he fell and broke five ribs. Full Story »
ENGLEWOOD, Colo. - Kyle Orton was selected to be the starting quarterback for the Denver Broncos on Saturday. Full Story »
ORLANDO, Fla. - Like any couple, they've had their fair share of ups and downs. They've feuded publicly and fought privately. They separated for a year and reunited with an understanding that it was best for both of their careers. They've grown older together. Lakers superstar Kobe Bryant and coach Phil Jackson have endured. Full Story »
ARLINGTON, Texas - A power outage helped put an end to the Texas Rangers' shutout streak, and keep the Los Angeles Dodgers from their first three-game losing skid of the season. Full Story »
RUSTENBURG, South Africa (AFP) - Spain coach Vicente del Bosque warned on Saturday his team was in prime condition despite a gruelling season and were pumped up to win the Confederations Cup. Full Story »
Muhammad Ali was at Joe Louis Arena, perhaps waiting for a fight to break out. One did in Game 7 of the NHL championships, but not in the traditional hockey sense. Full Story »
LOS ANGELES - UCLA guard Jrue Holiday has decided to remain in the NBA draft and will hire an agent, which makes him ineligible to return to the Bruins. Full Story »
HALLE, Germany (AFP) - World number four Novak Djokovic booked his place in the final of Halle's ATP grasscourt tournament with an error-strewn 7-6 (9/7), 6-4 win over qualifier Olivier Rochus on Saturday. Full Story »
HAVRE DE GRACE, Md. - As a rookie playing in the third round of the LPGA Championship, Anna Nordqvist probably figured the only problem she might encounter was a little bit of nervousness. Full Story »
DENVER - Two nights after his stunning upset of Rau'shee Warren in the semifinals, Jesus Magdaleno made sure there was no drama in the championship bout. Full Story »
SPARTA, Ky. - With a red flag stalling the final laps of Kentucky Speedway's Nationwide race for nearly nine minutes Saturday night, defending champion Joey Logano had plenty of time to think about the task and the teammate in front of him. Full Story »
LAUSANNE, Switzerland - The IOC is adamant on keeping the current age format for Olympic soccer and will cut back the size of the tournament if governing body FIFA changes the player eligibility rules. Full Story »
WASHINGTON – President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression. Full Story »
WASHINGTON - President Barack Obama praised Zimbabwe's prime minister on Friday for his tenacity in trying to lead the beleaguered nation out of a "very dark and difficult period." He chided Zimbabwe's hardline president, Robert Mugabe, for opposing freedoms. Full Story »
Toll Brothers Inc. said Wednesday it trimmed its losses in the second fiscal quarter and is seeing a pickup in the number of homebuyers who are ready to put down deposits. Full Story »
LECCE, Italy - The Group of Eight industrialized nations have begun preparing for an economic recovery, acknowledging on Saturday "signs of stabilization in our economies" and agreeing to ask the International Monetary Fund to investigate ways to unwind hefty stimulus packages. Full Story »
NEWARK, N.J. - The former president of a New Jersey mortgage company has pleaded guilty in a $139 million fraud scheme that bankrupted his firm. Full Story »
FRANKFURT (AFP) - Germany, having orchestrated a rescue for automaker Opel, is trying to keep the lid on a Pandora's box of state aid, even if it means turning away luxury sports carmaker Porsche and retailer Arcandor. Full Story »
Only a couple of months ago, exceptionally low mortgage rates were one of the few optimistic landmarks in an otherwise bleak economic outlook. After the Federal Reserve unveiled a series of initiatives beginning last fall--such as purchasing Fannie Mae and Freddie Mac mortgage-backed securities and long-term treasury bonds--mortgage rates plunged to all-time lows. In early April, with 30-year fixed mortgage rates dropping to less than 5 percent, President Barack Obama beseeched homeowners everywhere to capitalize on the development by refinancing their mortgages. ... Full Story »
ALGIERS (AFP) - Oil prices could stabilise in the second half of 2010 at around 90 dollars a barrel, Algeria's Energy Minister Chakib Khelil said Saturday. Full Story »
WASHINGTON (Reuters) - U.S. Senate Banking Committee Chairman Christopher Dodd on Thursday called for creation of an independent consumer protection agency as part of wider reforms to the U.S. financial regulatory structure. Full Story »
NEW YORK (Reuters) - U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday. Full Story »
Home Depot (hd.) offered some encouragement to bullish investors on June 10 when the retailer raised its earnings estimates for the year. The home improvement giant also unveiled a variety of ways executives are trying to improve and cut costs in areas ranging from its supply chain to information technology and employee training. Full Story »