Search results for

President Biden said the current law limits his administration's power to hold executives responsible when midsize banks fail due to mismanagement.

Hurricane Ike is storming toward the Gulf Coast of Texas — home to a quarter of the nation's oil refining capacity. As refineries shut down in anticipation of the storm, wholesale gasoline prices have shot up, despite crude oil prices falling to their lowest level in more than five months.

Even as U.S. officials insist Washington remains committed to diplomacy with Iran and is not seeking a conflict, analysts and former American intelligence officials are chronicling what they say is an unfolding intelligence war between the two adversaries, which is being waged covertly throughout the Middle East.

Former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling are convicted Thursday of conspiracy to commit securities and wire fraud in a case born from one of the biggest business scandals in U.S. history. The pair now face lengthy prison sentences.

Iraq expelled Sweden's ambassador and recalled its diplomat from Sweden, hours after protesters attacked the Swedish Embassy in Baghdad, setting fire to part of the building.

Comcast Corp., the nation's largest cable service provider, announced Wednesday that earnings were up. The company says it lost some basic cable subscribers, but that the decline was offset by new digital subscribers. One non-profit group is urging Congress to investigate whether Comcast and other cable companies are trying to profit from the upcoming transition from analog broadcast TV to digital.

Delta and Northwest's merger would create the world's largest airline in terms of traffic. But there is still a lot to be worked out. Regulators and shareholders need to be convinced. And Northwest's pilots union is saying it will do everything it can to block the deal.

Doctors in Boston say Sen. Ted Kennedy has a malignant brain tumor, the apparent cause of the seizure he suffered on Saturday. Kennedy has been resting at Boston's Massachusetts General Hospital since suffering the seizure at his Cape Cod home.

Colombia told the U.S. about the raid to rescue hostages from FARC rebels two weeks ago, Pentagon sources say. The U.S. was asked to provide help in the form of surveillance aircraft to eavesdrop on rebels. No Americans were on the ground.

Pasang Dawa Sherpa reached the summit of the world's highest peak on Sunday for the 26th time. Since making his first successful of climb of the peak in 1998, Dawa has made the trip almost every year.