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Obama said he is "ready to move" on raising the country's debt ceiling and asked Congress to present him with a plan in the next couple days. The comments come as House Republicans set a debt-ceiling vote next week.
Les Hinton became the second major executive casualty of the News Corp. phone hacking scandal, resigning the same day as the company's U.K newspaper CEO Brooks.
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The lenders had a combined shortfall of $3.54 billion in capital under a simulated worst-case economic scenario. Another 16 banks narrowly passed the tests.
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Activist investor Carl Icahn has moved to put Clorox in play, launching a bid that values the 98-year-old maker of household products at $10.2 billion and pressing the company to seek other possible buyers.
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Deutsche Börse said 82.4% of its shares had been tendered in favor of the planned combination with NYSE Euronext, solidifying stockholder approval secured Thursday.
Credit Suisse is the target of a U.S. investigation into hidden Swiss offshore accounts for wealthy Americans.
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BP vowed to exceed the deep water drilling standards prescribed by U.S. authorities, hoping to assure regulators it is ready to return to operations in the Gulf of Mexico.
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Citigroup's second-quarter profit jumped 24%, thanks to a $2 billion reserve release and improved credit. But the bank struggled to grow earnings in many businesses and revenue fell 7%.
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The U.S. going forward will treat Libya's opposition National Transitional Council as the Arab nation's "legitimate governing authority." Italy and France pledged more aid to the opposition.
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Italian novelist Paolo Giordano describes his day alone in the Disney theme park, eating himself sick and not going on a single ride.
Former Massachusetts Gov. Mitt Romneys new attack line on President Barack Obama: Youre worse than Jimmy Carter.
The Journals team reports on the second day of the 2011 British Open at Royal St. Georges.
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Meurault is the quintessential white Burgundy, easy to pronounce and easy to love, but its makers are now dealing with a confounding problem, says Jay McInerney.
"Sarah's Key," the hit novel now being released as a film starring Kristin Scott Thomas, was initially rejected by more than 20 publishers.
Groupon offer may be a great deal, but it might cost you a little more in privacy, as the deal site enters new partnerships and updates its privacy policy.
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The 2.0-liter four-cylinder powering the Buick Regal CXL Turbo delivers punchy performance, high efficiency—and a taste of the CAFE-standard-driven future, says Dan Neil.
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Ronald Reagan wouldn't be playing 'Targeted Catastrophe.'
"Deathly Hallows" reaches an intense, satisfying end, says Joe Morgenstern. Meanwhile, Errol Morris's "Tabloid" revels in excess.
An eyewear designer and self-confessed neat freak revamps a Los Angeles-area home.
Friday's unveiling of a towering Marilyn Monroe in Chicago is the latest recycling of tired clichés.
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In today's pictures, a Storm Trooper walks across Australia, a boy swims through green algae in China, protesters in Yemen hang out inside a billboard and more.