In the latest step designed to stem the turmoil in financial markets, the U.S. Treasury said it will guarantee money market funds so that no other fund "breaks the buck."
The Iraqi Parliament failed to agree on a controversial provincial election bill in light of new disagreements over procedure. Kurdish legislators had strongly opposed the bill´s proposal to establish a provincial council in Kirkuk made up of equal numbers of Kurdish, Arab, and Turkmeni representatives.
Russian president Dmitry Medvedev signed military defense agreements with Georgia´s breakaway regions of South Ossetia and Abkhazia despite heavy international criticism.
Central banks around the world are pumping billions of dollars into money markets in a coordinated bid to calm global financial upheaval. The package of up to $247 billion comes from the European Central Bank, the Swiss National Bank, the Bank of England, the Bank of Canada and the Bank of Japan.
The Securities and Exchange Commission adopted a new rule Wednesday that will make it more difficult for options market makers to sell stock without owning it first -- a move that could change the way the market operates.
Despite the initial reluctancy to act in order to rescue private banks, the Federal Reserve has given AIG, American International Group a $85 billion loan, which gives the government a majority stake in U.S. biggest insurer.
The House of Representatives on Tuesday night passed an energy bill clearing the way for more oil drilling off U.S. coasts, but not nearly as much as Republican leaders wanted.
Hewlett-Packard Co. said Monday it will cut about 7.5 percent of its work force -- or about 24,600 employees -- as part of its integration of Electronic Data Systems Corp.
The Seattle Post-Intelligencer reported last week that the American Chemistry Council spent $180,625 in August fighting a 20-cent fee on paper and plastic shopping bags.
House Democrats outlined $18 billion in tax incentives over 10 years for alternative energy and efficiency improvements Monday, proposing to pay for them by rescinding tax breaks for the biggest oil companies.
President Dmitry Medvedev warned the West on Monday that any sanctions imposed on Russia over the war in Georgia would backfire.
Bank of America has agreed to buy investment bank Merrill Lynch for 50 billion dollars in a transaction that creates the world´s largest financial services company, the bank announced early Monday.
The UN atomic watchdog said Monday that it has been unable to make much progress with Iran in its investigation into allegations that the country was involved in studies to make a nuclear warhead.
The video-sharing site YouTube has added new stipulations to its community guidelines, this time banning terrorist training and ´drug abuse´ videos.
BASF SE said Monday it would buy Swiss specialty chemicals maker Ciba Holding for 6.1 billion Swiss francs, or $5.35 billion, in cash — a move that augments the German company´s presence worldwide.
Despite already receiving regulatory clearance, Electronics Arts Inc. suddenly dropped its $2 billion bid for fellow video-game publisher Take-Two Interactive Software Inc.
Legislative leaders said Sunday they had reached an agreement to end the record-long 76-day stalemate over the state budget.
US Ambassador to Bolivia Philip Goldberg has warned that his expulsion from the country will lead to serious consequences.
Zimbabwe´s President Robert Mugabe and opposition leaders have signed a landmark power-sharing deal in an attempt to end months of political turmoil and a deep economic crisis.
An Italian government-approved plan to save Alitalia was in disarray Friday with the collapse of talks between unions representing employees and a group of Italian investors seeking to take over the troubled state-controlled airline.
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