U.S. President Barack Obama said Muslim-Americans have made great contributions to the “strength and character” of the United States, as he welcomed guests to the White House for an Iftar dinner celebrating Ramadan, the Muslim holy month. In his speech Wednesday evening, the president said these contributions have been especially important in the 10 years […]
American Detained in Aruba in Disappearance of Travel Companion
Posted August 10th, 2011 at 6:40 pm (UTC-5)
Authorities in Aruba have detained a U.S. tourist for questioning in connection with the disappearance of an American woman who traveled with him to the Caribbean island. Investigators say 35-year-old Robyn Gardner of Maryland was last seen August 2. They say her travel companion, 50-year-old Gary Giordano, told them he and Gardner went snorkeling but […]
Exxon, Apple Vying to Be World’s ‘Most Valuable’ Company
Posted August 10th, 2011 at 5:35 pm (UTC-5)
For several years, Exxon Mobil has been the world’s most valuable company on the stock market. But now Apple, the U.S. consumer technology company, is contesting the oil giant’s claim to the top spot. On Wednesday, for the first time, Apple held on to the No. 1 spot when the stock market closed for the […]
Jury Recommends Death for US Serial Killer
Posted August 10th, 2011 at 4:55 pm (UTC-5)
A jury in Ohio has recommended the death penalty for a serial killer who hid the remains of 11 women at his home. The jury in the city of Cleveland decided on the recommendation Wednesday, after deliberating for less than a day. Anthony Sowell was convicted last month of murdering the 11 women whose decomposing […]
US Sells 10-year Bonds at Record Low Rate
Posted August 10th, 2011 at 3:20 pm (UTC-5)
For the second day in a row, the United States has been able to sell government bonds at an all-time low interest rate, even after its top credit rating was downgraded. The U.S. auctioned $24 billion in 10-year securities on Wednesday at a record low 2.14 percent interest rate, after selling three-year bonds at an […]
US Lawmakers Announce Budget Committee Choices
Posted August 10th, 2011 at 3:05 pm (UTC-5)
Leaders of the U.S. Senate and House of Representatives have named nine of the 12 members of a committee that will be expected to find up to $1.5 trillion in savings to further reduce the nation’s deficit. White House spokesman Jay Carney Wednesday said President Barack Obama expects the members to take their work seriously. […]
Global Markets Drop Again After Rebound
Posted August 10th, 2011 at 2:23 pm (UTC-5)
U.S. stocks fell as much as 3 percent Wednesday and European stock markets dropped even further because of concerns about weak U.S. economic growth and growing worries about Europe’s debt problems. Asian stocks closed earlier Wednesday with gains. The decline in Europe and the United States ended a strong stock rally that began Tuesday after […]
US Lawmakers Announce Budget Committee Choices
Posted August 10th, 2011 at 2:00 pm (UTC-5)
Leaders of the U.S. Senate and House of Representatives have named nine of the 12 members of a committee that will be expected to find up to $1.5 trillion in savings to reduce the nation’s deficit. The White House said Wednesday that President Barack Obama expects the members of the panel to make a serious […]
U.S. Lawmakers Announce Budget Committee Choices
Posted August 10th, 2011 at 1:00 pm (UTC-5)
Leaders of the U.S. Senate and House of Representatives have named nine of the 12 members of a committee that will be expected to find up to $1.5 trillion in savings to reduce the nation’s deficit. Senate Majority Leader Harry Reid, a Democrat, announced Wednesday that his picks for the panel are Democratic Senators Patty […]
Global Stocks Drop Again After Rebound
Posted August 10th, 2011 at 11:15 am (UTC-5)
U.S. and European stock markets fell sharply Wednesday because of continuing concerns about weak U.S. economic growth and Europe’s debt problems. Asian stocks closed earlier Wednesday with gains. The decline in Europe and the United States ended a strong stock rally that began Tuesday after top officials of the U.S. central bank said they will […]
