United States

Saturday, July 12th 2008 - 21:00 UTC
US government moves into collapsed top mortgage lender

One of the largest United States mortgage lenders, the California-based IndyMac Bank, has collapsed amid a growing credit crisis. Federal regulators seized the bank's assets, fearing it might not be able to meet withdrawals by depositors. It is the second-largest financial institution to fail in US history, regulators say.
Saturday, July 12th 2008 - 21:00 UTC
US satisfied with Argentine handling of farmers' dispute

The United States said it was satisfied at the way the Argentine government is handling the dispute with the farmers, said Argentine Ambassador to the US Héctor Timerman on Friday, after participating in a meeting with the US Under-Secretary for Western Hemispheric Affairs Thomas Shannon and the Treasury Department Deputy Assistant Secretary for the Western Hemisphere Brian O'Neill.
Monday, July 7th 2008 - 21:00 UTC
US food price hikes “pale” in comparison to energy prices

In United States as in the rest of world, consumers have suffered the impact on rising food and fuel prices of adverse climate, larger global demand and roaring speculation. But even so on average, US consumers still spend 10% of their income on food, which is possibly the lowest in the world according to the latest surveys from the American Farm Bureau Federation, AFBF.
Wednesday, July 2nd 2008 - 21:00 UTC
Dow Jones down 20% from Oct. peak; GM lowest since 1954

The Dow Jones Industrial Average closed more than 20% below its October 2007 peak on Wednesday, meaning it is officially a bear market. The blue-chip index fell 166.8 points or 1.46% to 11,215.5, which is 21.0% below its 14,198.1 close on 11 October.
Tuesday, July 1st 2008 - 21:00 UTC
What's wrong with a stringy carrot or wobbly melon?

The EU farm chief called for the comeback of the curvy cucumber and other odd-shaped produce sold in shops as part of proposals to ease market restrictions on fruit and vegetables amid rising food prices.
Friday, June 27th 2008 - 21:00 UTC
US Supreme Court ratifies right to keep handguns

A ban on handguns in Washington DC has been ruled unconstitutional by the United States Supreme Court. In a 5-4 decision, the justices upheld a lower court ruling striking down the ban. They said individuals had a right to keep handguns for lawful purposes
Wednesday, June 25th 2008 - 21:00 UTC
More bad news for United States economy

US consumer confidence has fallen to its lowest level in 16 years while US home prices fell in April at the fastest rate in years, two economic reports have said.
Wednesday, June 25th 2008 - 21:00 UTC
US Federal Reserve leaves interest rate unchanged at 2%

In a move which did not surprise, the US Federal Reserve on Wednesday kept interest rates unchanged at 2%. In its usual release following the two day meeting the Open Market Committee said that “recent information indicates that overall economic activity continues to expand, partly reflecting some firming in household spending”.
Thursday, June 19th 2008 - 21:00 UTC
US drivers making less mileage for sixth month running

At a time of record-high gasoline prices and a corresponding surge in transit ridership, US citizens are driving less for the sixth month in a row, highlighting the need to find a more sustainable and effective way to fund highway construction and maintenance, said United States Transportation Secretary Mary E. Peters.
Tuesday, June 17th 2008 - 21:00 UTC
US judge cuts 10 m off 12 m US dollars dog legacy

A judge in New York has agreed to slash 10 million off the 12 million US dollars inheritance given by real estate billionaire Leona Helmsley to her pet dog, Trouble.