News agencies
The Xbox 360 is the go-to console for online gaming, boasting the most popular multiplayer games like Halo and Gears of War. Its redesigned interface, the New Xbox Experience, makes it easy to connect with friends online or meet new gamers. The console also allows users to download bonus material
News agencies
President Obama was on the verge of appointing Republican Sen. Judd Gregg as his commerce secretary, but officials cautioned that the move would not guarantee complete Democratic control of the Senate. The selection of Gregg would be accompanied by the appointment of Bonnie Newman, a veteran of the Reagan White
News agencies
Stock markets closed the worst January on record, with the Dow Jones industrial average and Standard & Poor's 500 index suffering record percentage drops of 8.84 and 8.57 percent, respectively. Investors remained on edge about the economy and were further rattled by reports that the government&
News agencies
As the clock ticks closer to a midnight expiration of the current labor agreement, 24,000 refinery workers from the Gulf of Mexico to Montana are prepared to head to the picket lines, despite a third contract offer from Valero Energy Corp. being rejected. The nation's biggest refiner
News agencies
Investors will be closely watching a wave of earnings reports from hundreds of companies this week, including tech giants Yahoo!, Sun Microsystems, and Texas Instruments, as well as consumer product companies Procter & Gamble, Kimberly-Clark, and Starbucks. The reports will provide valuable insights into consumers' willingness to spend, while
News agencies
The Coca-Cola Co. has initiated a global marketing campaign to recapture the attention of consumers and reignite interest in soft drinks, a sector that experienced a 4.8% decline in sales in the US during the first nine months of last year. The campaign, titled "Open Happiness" and
News agencies
A potential link to a deadly salmonella outbreak has led to the recall of various peanut butter-containing products, including Little Debbie snacks, after government officials advised consumers to avoid eating cookies, cakes, ice cream, and other foods with peanut butter. The voluntary recall by McKee Foods Corp. of Collegedale, Tenn.
News agencies
House Democrats have unveiled a sweeping $825 billion economic recovery bill, designed to inject massive public spending into the US economy and create or preserve more than 3 million jobs. The legislation, which combines two-thirds spending and one-third tax cuts, aims to help the poor, unemployed, and small businesses, and
News agencies
American energy companies are juggling multiple projects with varying levels of progress. In the US, Duke Energy's Edwardsport project, worth $2.35 billion, has received regulatory approval. Progress Energy issued an expanded common stock offering to settle short-term debt, valued at about $469 million. However, the joint venture
News agencies
Netflix has taken a significant step forward in bringing movies to people without the need for DVD mail services. In a partnership with LG Electronics, Netflix's streaming service will be directly embedded in high-definition TV sets, allowing users to watch videos without requiring an additional device. This deal
News agencies
Virginia Gov. Tim Kaine will become the next chairman of the Democratic National Committee, tasked with reinforcing the White House message, preparing for the 2010 midterm elections, and raising money. Kaine plans to work at the party part-time until 2010, when his term as governor is up and he can
The Associated Press
As the seven-day-old Israeli campaign in Gaza intensifies, a deepening humanitarian crisis has emerged, with at least a quarter of the 400 Palestinians killed by Israeli airstrikes on Hamas militants being civilians. The U.N. estimates that over 20,000 people have been displaced, and the shortage of water, electricity,
