Pentagon cuts reshape military, trim costs

2012-01-27 09:07:29

The Pentagon unveiled a 2013 budget plan that would cut $487 billion in spending over the next decade by eliminating nearly 100,000 ground troops, mothballing ships and trimming air squadrons.

US Senate permits $1t debt limit hike

2012-01-27 04:09:01

It cleared the way for the $1.2 trillion increase in the federal government's borrowing limit.

UN chief pleges to build 'safer, more secure world'

2012-01-26 10:02:46

UN Secretary-general Ban Ki- moon said here on Wednesday that he wants his team "to look deeply at the world and our work today," in order to help build "a safer and more secure world" in the face of multiple crises such as climate change, food insecurity and deadly diseases.

Apple beats Google in US smartphone market

2012-01-26 10:01:42

Apple overtook Google's Android to become the leading smartphone platform in the United States in the fourth quarter of 2011, thanks to strong demand for its latest iPhone model.

US Fed to keep low interest rates

2012-01-26 06:17:13

It said the US will keep the exceptionally low levels for the key interest rate at least through late 2014.

Obama aims to use war savings on infrastructure

2012-01-25 12:39:03

President Barack Obama proposed plowing half the money America will save from the end of its wars in Iraq and Afghanistan into high-speed rail lines and repairs to the nation's creaking roads and infrastructure.

Romney, Gingrich face off in US GOP debate

2012-01-24 23:30:13

Mitt Romney and Newt Gingrich on Monday faced off in a campaign debate in Tampa, Florida.

Storms kill 2, wounds 100 in US South

2012-01-24 23:29:06

Severe storms hit US South on Monday, killing at least 2 and wounding over 100 people.

Gingrich, Romney go head-to-head at Florida debate

2012-01-24 10:55:59

Rising Republican Newt Gingrich and rival Mitt Romney squared off on Monday at a debate that will help determine which of them has the best shot at winning the pivotal Florida presidential primary.

GM regains world's top-selling automaker

2012-01-21 10:32:00

General Motors Co regained its title as the world's top-selling automaker in 2011, less than three years after its 2009 taxpayer-funded bankruptcy under the Obama administration.

Canadian PM congratulates Chinese New Year

2012-01-21 10:06:22

The Canadian Prime Minister Stephen Harper issued a statement on Friday to extend his best wishes to those in Canada and around the world celebrating Chinese New Year of the Dragon which falls on January 23.

US considering closing embassy in Syria

2012-01-21 09:59:51

The United States was considering closing its embassy in Syria, citing increasing safety concern for American embassy personnel.