President Barack Obama laid out a $3.6 trln plan on Monday to cut U.S. budget deficits partly by raising taxes on the rich, but Republicans rejected it as a political stunt and
NASA plans to spend $1.6 bln over the next two years bolstering industry efforts to develop space taxis, officials said on Monday. The U.S. space agency will be looking for complete systems
UBS AG Chief Executive Oswald Gruebel will seek a vote of confidence at a board meeting in Singapore for plans to slash the investment banking division that caused a $2.3 bln loss
Australia's national broadcaster faced calls for a review of funding on Tuesday over a television comedy scene with a fictional Prime Minister Julia Gillard draped in a national flag after having sex
Twenty-two Americans ranging from a radio journalist to a sports trainer received no-strings-attached "genius" grants worth $500,000 each, a charitable foundation announced on Tuesday. Since the program was begun in 1981, the
Standard and Poor's cut its unsolicited ratings on Italy by one notch, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added
Stocks and the euro fell on Tuesday after ratings agency S&P downgraded Italy and as Greece held talks with creditors to avoid running out of cash within weeks, amid worries that Europe's
Hong Kong shares inched higher on Tuesday, led by defensive issues that have outperformed the market as spooked investors sought safer bets in lingering weakness that has shaved 18% off the Hang
President Barack Obama will lay out a plan on Monday to cut the U.S. deficit that will raise taxes on the rich, striking a populist tone to motivate his Democratic Party base
World stocks fell sharply on Monday, snapping a four-day advance, while the euro shed more than 1% as investors feared a possible Greek debt default and the fallout on the entire euro
