WASHINGTON (Reuters) - The House of Representatives on Wednesday approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama.
HOUSTON (Reuters) - A relief well that might divert the gushing Gulf of Mexico oil leak is still weeks from completion, a top U.S. official said on Wednesday, as the season’s first Atlantic hurricane disrupted cleanup efforts.
WASHINGTON (Reuters) - President Barack Obama’s Supreme Court nominee Elena Kagan on Tuesday defended her decision to limit military recruiting at Harvard and rejected Republican charges she would be a liberal judicial activist.
WASHINGTON (Reuters) - President Barack Obama’s Supreme Court nominee Elena Kagan rejected Republican charges on Tuesday that she would be a liberal judicial activist and promised rulings based on the law, not her political views.
MOSCOW (Reuters) - Russia on Tuesday said U.S. allegations that it had broken up a major Russian spy ring just days after President Dmitry Medvedev met Barack Obama in Washington were baseless and improper.
WASHINGTON (Reuters) - Political momentum was expected to carry a sweeping Wall Street reform bill to approval in the U.S. Congress, but the death of Senator Robert Byrd threatened to delay final action until mid-July.
Apple today announced that it has sold more than 1.7 million iPhone 4 devices through Saturday, June 26, just three days after the phone’s launch on June 24. “This is the most successful product launch in Apple’s history,” said Steve Jobs, Apple’s CEO. “Even so, we apologize to those customers who were turned away because we did not have enough supply.”
PARIS (Reuters) - Bankers voiced relief on Monday after world leaders abandoned a global bank levy and eased the timetable for new capital requirements at a G20 summit in Canada which posed questions about the forum’s effectiveness.
TORONTO (Reuters) - World leaders put the finishing touches on plans to build a more stable global economy on Sunday but backed away from one-size-fits-all pledges as two years of crisis give way to an uneven recovery.