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| Next on the agenda: Guns-and-butter diplomacy |
President Barack Obama on Friday kicks off a frenetic four days of guns-and-butter diplomacy, including a pair of high-stakes international summits focused on reviving the sputtering global economy and winding down the unpopular war in Afghanistan. Both issues will shape Obama's legacy — not to mention his hopes for re-election in November. ? And the back-to-back [...]
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| Facebook set for big first-day pop |
Facebook Inc is set to raise up to $18.4 billion in its IPO and become the first U.S. company to be worth more than $100 billion at its debut, as investors bet on a big pop in the stock when it begins trading on the Nasdaq on Friday.
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| Strong Wal-Mart profit trumps bribery probe concerns |
Wal-Mart Stores Inc's profit and sales surpassed expectations as more people shopped at its established U.S. stores and spent more, pushing shares up more than 4 percent despite ongoing internal and government probes into possible bribery. Wal-Mart's shares jumped and briefly recovered all of the 8.2 percent plunge sustained after an April 21 New York Times report uncovered an alleged past bribery scheme in Mexico that the newspaper said Wal-Mart executives knew about. The first-quarter results, including a 10.1 percent increase in profit, showed that Wal-Mart's U.S. ...
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| U.S. sets new tariffs on Chinese solar imports |
The United States hit Chinese solar companies with punitive import tariffs of 30 percent or more on Thursday, ruling they had dumped cut-price solar panels into the U.S. market. In the latest salvo in a series of ongoing trade disputes between Beijing and Washington, the U.S. Commerce Department said it sided with U.S.-based solar companies that had complained a wave of Chinese imports had wrongly undercut their pricing and forced several renewable players out of business. ...
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| Did 1991 mistake spark 'birther' issue? |
A possible source of the so-called "birther" issue--or at least a potential cause of the rumors that have dogged President Barack Obama--has been identified. Obama's former literary agency misidentified his birthplace as Kenya while trying to promote the then-Harvard Law grad as an author in 1991. According to a promotional booklet produced by the agency, [...]
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