| Business News |
House passes housing bill; Bush lifts veto threat
(Reuters)
 Reuters - The House of Representatives passed
a massive housing rescue bill on Wednesday while the White
House dropped a threat to veto it, paving the way for measures
aimed at shoring up the worst U.S. housing market since the
Great Depression.
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Amazon Q2 net profit doubles, sales up 41 percent
(Reuters)
Reuters - Amazon.com Inc said on Wednesday
quarterly net income doubled on a 41 percent rise in revenue,
helped by higher operating profit margins.
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Fed says price pressures gain, growth slackens
(Reuters)
 Reuters - The United States faced increasing
inflationary pressures in recent weeks amid slowing economic
growth, the Federal Reserve said on Wednesday, as it described
conditions in some areas as "grim," "morose" or "bleak."
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Pulte Homes second-quarter loss narrows
(Reuters)
Reuters - Pulte Homes Inc posted a
smaller quarterly loss on Wednesday, but said buyer confidence
remained shaky.
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Wall Street rises on oil drop, housing plan optimism
(Reuters)
 Reuters - Stocks rose on Wednesday as financial
shares climbed on optimism about a rescue plan for mortgage
finance companies Fannie Mae and Freddie Mac and as the price
of oil fell.
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Waiters pick up part of LongHorn's labor costs
(AP)
 AP - With the cost of everything from air conditioning to whipped cream rising, many restaurants have been raising prices. LongHorn Steakhouse is passing on part of the tab to its servers.
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| News from HotNews category: |
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GENEVA (Reuters) - India welcomed on Wednesday an offer by the United States to limit its disputed farm subsidies as part of efforts to save a global trade deal but immediately came under pressure from Washington to make concessions itself.
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SDEROT, Israel (Reuters) - U.S. Democratic presidential candidate Barack Obama assured Israel and its U.S. Jewish supporters on Wednesday he was a friend who would not press for peace concessions that would compromise its security.
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TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad on Wednesday praised U.S. participation in last week's talks with Tehran on its disputed nuclear program as "a positive step" and said its arch foe had shown respect.
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WASHINGTON (Reuters) - The Arctic Circle holds an estimated 90 billion barrels of recoverable oil, enough supply to meet current world demand for almost three years, the U.S. Geological Survey forecast on Wednesday.
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NEW YORK (Reuters) - New York Mayor Michael Bloomberg and Microsoft Corp co-founder Bill Gates pledged $375 million on Wednesday to fight what they called a global tobacco epidemic.
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BELGRADE (Reuters) - Radovan Karadzic will conduct his own defence at the Hague tribunal and is convinced he will be cleared of charges of genocide, relatives and associates of the war crimes suspect said on Wednesday.
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HOUSTON (Reuters) - Hurricane Dolly hit the south Texas coast on Wednesday with 95 mph (150 kph) winds, pouring torrential rain on the U.S.-Mexico border area and threatening floods in low-lying areas.
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WASHINGTON (Reuters) - The Pentagon on Wednesday sought to play down the seriousness of growing violence in Afghanistan but declined to say the United States and NATO were winning their fight against Taliban insurgents.
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WASHINGTON (Reuters) - After months of secrecy and intrigue, presidential rivals Barack Obama and John McCain are almost ready to unveil the winners in the vice presidential sweepstakes.
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SINGAPORE (Reuters) - Ministers from six nations involved in nuclear talks with North Korea, including U.S. Secretary of State Condoleezza Rice, held a rare meeting on Wednesday that China said showed a "political will" to move the disarmament process for
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GENEVA (Reuters) - India's trade minister dismissed on Wednesday a move by the United States to unblock world trade talks but behind closed doors, negotiators were inching forward in their bid to rescue a deal, officials said.
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TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad on Wednesday praised U.S. participation in last week's talks with Tehran on its disputed nuclear program as "a positive step" and said its arch foe had shown respect.
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HOUSTON (Reuters) - Hurricane Dolly strengthened on Wednesday as it neared southern Texas, and was expected to lash low-lying areas on the U.S.-Mexico border with torrential rain when it comes ashore around mid-day.
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WASHINGTON (Reuters) - The U.S. stock market would fare better in the first year after a victory by Republican presidential candidate John McCain than by his Democratic rival Barack Obama, according to a majority of economists at U.S. banks and research g
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JERUSALEM (Reuters) - U.S. Democratic presidential candidate Barack Obama pledged staunch support for Israel on Wednesday in Jerusalem, describing the Jewish state as a miracle and holding only a low-profile meeting with Palestinian leaders.
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GENEVA (Reuters) - Global trade talks began a third day on Wednesday after emerging economies such as Brazil and South Africa said a U.S. offer to cut its farm subsidies was not enough to justify reciprocal moves by them.
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GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - Osama bin Laden's driver knew the target of the fourth hijacked jetliner in the September 11 attacks, a prosecutor said on Tuesday in an attempt to draw a link between Salim Hamdan and the al Qaeda leadersh
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TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad on Wednesday praised U.S. participation in last week's talks with Tehran on its disputed nuclear program as "a positive step" and a sign of respect by its arch foe.
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HOUSTON (Reuters) - A Texas grand jury on Tuesday charged the jailed polygamist leader of a breakaway Mormon sect with sexually assaulting a child and indicted five followers after state officials raided a polygamist ranch near Eldorado in April.
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SINGAPORE (Reuters) - U.S. Secretary of State Condoleezza Rice will push North Korea's foreign minister hard in their first ever meeting on Wednesday to prove the North's disarmament efforts are serious, U.S. officials said.
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