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California faces a $24 billion budget shortfall, an economic crisis that could have far-reaching consequences for the nation's economy. As the eighth-largest economy in the world, California's economic health is crucial to the overall well-being of the country. The state's massive size, with over
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AP Mobile for the Nokia N97 mobile computer provides users with personalized news delivery based on their preferences, including hyper-local news feeds based on zip code. The widget features a robust selection of topics, including Entertainment, Health, Science, Politics, and Technology, along with weather information from AccuWeather.com. AP Mobile
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The global economy is expected to contract by 2.9% in 2009, according to a forecast from the World Bank. This grim assessment has sent stock markets tumbling, with major indexes declining by over 2% and the Dow Jones industrial average plummeting 201 points. The downbeat economic prediction has also
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The pharmaceutical industry agreed to spend $80 billion over the next decade to improve drug benefits for seniors on Medicare and defray the cost of President Obama's health care legislation. The deal marked a significant triumph for Sen. Max Baucus, chairman of the Senate Finance Committee, who has
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The disputed elections in Iran have presented the Obama administration with a significant challenge to its policy of engaging with the Islamic Republic to halt its nuclear weapons program. Despite this, Vice President Joe Biden has stated that the administration will continue to seek a diplomatic solution, although it remains
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A long-standing legal dispute between online retailer Amazon.com Inc. and toy seller Toys "R" Us Inc. has finally come to an end, with Amazon agreeing to pay $51 million in settlement. The dispute, which began in 2004, was over a partnership that gave Toys "R"
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A French nuclear submarine, Emeraude, reached the crash site of Air France Flight 447 on Wednesday, tasked with combing the Atlantic depths for black boxes that could help determine what caused the Airbus 330 to crash into the sea off Brazil, killing 228 people. The submarine will be able to
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The slaying of Dr. George Tiller, a Kansas abortion doctor, has put the anti-abortion movement on the defensive. Despite condemning the killing, leaders are worried that the backlash could temporarily silence the abortion debate. At a time when the movement is reeling from the failure to dominate last year'
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The US stock market began the month of June with a strong rally, driven by favorable economic data, but investors are wary of the historically weak month for stocks. The Dow Jones industrial average and other major indexes rose over 2% on Monday, with the Standard & Poor's
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An explosion early Monday morning on Manhattan's Upper East Side, possibly caused by a small bomb made from fireworks, destroyed a sidewalk bench and shattered windows in a Starbucks coffee shop. No one was injured in the blast, which happened around 3:30 a.m. The incident has
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Investors have become increasingly cautious in the face of worrisome economic news, leading to a decline in confidence on Wall Street. The recent spring rally in stocks has started to lose steam as investors question whether the gains are sustainable. A key factor contributing to this uncertainty is a warning
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Comcast, one of the largest cable providers in the country, has reached a long-term agreement with the National Football League (NFL) to carry the league's network on its Digital Classic level of service. This change will make the NFL Network more accessible to Comcast's 10.8
