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Fed should raise rates in 2013, Bullard says (Reuters)

President and CEO of the Federal Reserve Bank of St. Louis James Bullard gestures during an interview at the Federal Reserve Bank of St. Louis in this June 8, 2011 file photo. REUTERS/Peter NewcombReuters - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that many years of near-zero rates will do little to return economic output to pre-recession levels and risks causing "disaster."


Greeks delay bailout talks as Merkel demands action (Reuters)

Prime Minister Lucas Papademos arrives at his office in Athens for a meeting with Greek political leaders February 5, 2012. REUTERS/Yiorgos KarahalisReuters - German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.


United States orders new Iran sanctions

The United States has moved to freeze assets of Iran's government and financial institutions, saying they had engaged in "deceptive practices," President Barack Obama's administration announced Monday.

Parents protest at scandalized LA grade school (AP)

AP - About three dozen parents and supporters have staged a protest at the Los Angeles-area elementary school rocked by allegations of lewd conduct crimes by two teachers against children.

Few answers in death of sons of missing Utah mom (AP)

The smoldering remains of a house, left, where an explosion killed Josh Powell and his two sons, Sunday, Feb. 5, 2012, is shown from the air in Graham, Wash. The explosion occurred moments after a Child Protective Services worker brought the two boys to the home for a supervised visit. Powell's wife Susan went reportedly missing from their West Valley City, Utah, home in December 2009. (AP Photo/Ted S. Warren)AP - Josh Powell's note was simple and short, a farewell to the world after two years of being scrutinized in the media, hammered by police and questioned by judges, prosecutors and social workers, living his life under a microscope since the day his wife vanished.


Defense cuts test lawmakers' resolve on deficits (AP)

AP - President Barack Obama's call to shrink the military, shut bases and cancel weapons to meet the demand for budget cuts tests the resolve of lawmakers who came to Washington determined to slash the deficit.

Greece caves in on civil service firings (AP)

A woman walks past a advertising board for a pawn shop, in central Athens, on Monday, Feb. 6, 2012. Parties backing Greece's coalition government will hold a second day of emergency talks Monday on a vital austerity deal with rescue creditors, after an intense weekend of negotiations failed to produce a breakthrough needed to avert bankruptcy in March. (AP Photo/Dimitri Messinis)AP - Greece's coalition government on Monday caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements.


US levies tougher sanctions on Iran's Central Bank (AP)

FILE- In this April, 9, 2007, file photo Iranian President Mahmoud Ahmadinejad, speaks at a ceremony in Iran's nuclear enrichment facility in Natanz, 300 kms 186 (miles) south of capital Tehran, Iran. For the first time in nearly two decades of escalating tensions over the Iranian nuclear program, it appears that world leaders are genuinely concerned that an Israeli military attack on the Islamic Republic could be imminent, an action that many fear might trigger war, terrorism and global economic havoc. (AP Photo/Hasan Sarbakhshian, File)AP - President Barack Obama levied tough new sanctions on Iran's Central Bank Monday amid increased tensions over Tehran's nuclear program and the specter of an Israeli attack on the Islamic republic.


With economy improving, Obama would beat Romney: poll (Reuters)

Reuters - bolstered by a stronger economic outlook and recent job growth - would win in a match-up against the two leading Republican presidential candidates Mitt Romney and Newt Gingrich, a poll on Monday showed.

With economy improving, Obama would beat Romney: poll (Reuters)

Reuters - bolstered by a stronger economic outlook and recent job growth - would win in a match-up against the two leading Republican presidential candidates Mitt Romney and Newt Gingrich, a poll on Monday showed.

Boeing shares slip as it addresses 787 issues (Reuters)

A Boeing 737-600-as plane of the Hungarian Airlines Malev is moved on the tarmac of the Liszt Ferenc International Airport Budapest, Hungary, Friday, Feb. 3, 2012. Malev stopped all its services and all Malev flights have been canceled after 66 years of continuous operation. The shutdown of Malev came after the European Union had decided that the Hungarian government was not allowed to provide further financial assistance to Malev. (AP Photo/MTI, Tamas Kovacs)Reuters - Boeing Co shares slipped on Monday, the day after the plane maker said it must correct a fuselage support structure problem on some of its carbon-composite 787s, a glitch experts said could slow production.


Wall Street dips as investors wait on Greece (Reuters)

Specialist trader Jason Hardzewicz (L) of Barclay's Capital gives prices to traders on the floor of the New York Stock Exchange February 3, 2012. REUTERS/Brendan McDermidReuters - U.S. stocks dipped on Monday as a delay by debt-ridden Greece in accepting the terms of a bailout gave investors little reason to buy equities after a five-week rally.


Swiss bank Julius Baer expects fine in US tax case (AP)

Boris Collardi, CEO of Swiss bank Julius Baer Group, smiles during a news conference in Zurich, Switzerland, Monday, Feb. 6, 2012. The Julius Baer Group has cautioned investors that the outcome of a U.S. probe into whether it helped American clients cheat on their taxes is uncertain. (AP Photo/Keystone, Steffen Schmidt)AP - Swiss bank Julius Baer Group said Monday that it might have to pay a fine to settle allegations it helped American clients cheat on their taxes, but cautioned investors that the final outcome of the case was still uncertain.


Convicted NY fraudster sentenced in hit plot (AP)

AP - A convicted New York mortgage fraudster who then tried to get a key witness killed in revenge has gotten another eight to 16 years in prison.

Gingrich shunned lobbying, but hired lobbyists (AP)

Republican presidential candidate former House Speaker Newt Gingrich speaks during a news conference Saturday, Feb. 4, 2012 in Las Vegas. (AP Photo/Evan Vucci)AP - Republican presidential candidate Newt Gingrich says his consulting group never lobbied for clients. But his business hired state and federal lobbyists to work with clients, and some staff left to take lobbying jobs, according to lobbying disclosures and corporate reports.


Tax reform in this election year: It's not likely (AP)

AP - Politicians of all stripes in this election year are clamoring for simplifying the tax code and closing loopholes. But that would mean Americans could lose some of their prized deductions.

Tax reform in this election year: It's not likely (AP)

AP - Politicians of all stripes in this election year are clamoring for simplifying the tax code and closing loopholes. But that would mean Americans could lose some of their prized deductions.

FACT CHECK: Obama, GOP spin recent energy stats (AP)

AP - You wouldn't know it from the Republicans, but these are boom times for American energy.

FACT CHECK: Obama, GOP spin recent energy stats (AP)

AP - You wouldn't know it from the Republicans, but these are boom times for American energy.

Oil falls below $97 as Greece debt raises concerns (AP)

Flames shoot into the air after a gas pipeline explosion in the Sinai peninsula, 240 miles (374 kilometers) southeast of Cairo, Egypt, Sunday, Feb. 5, 2012. An Egyptian security official says attackers have set off explosives along a gas pipeline in the country's Sinai peninsula, halting exports to neighboring Israel and Jordan. The blast that took place Sunday at dawn is the twelfth successful attack on the line since the popular uprising that ousted longtime Egyptians leader Hosni Mubarak in February last year. The official says the attack by presumed Islamist militants caused huge fires, but fire engines put it out hours later. (AP Photo/Khaled Kandil)AP - Oil prices fell Monday as talks stalled on a Greek debt deal needed to avoid a disastrous default, raising concerns about the region's economy and future demand.


Romney adds to delegate lead after Nevada victory (AP)

AP - Mitt Romney has added to his lead in the race for delegates now that Republican officials in Nevada finished the vote count from Saturday's presidential caucuses.

States Easing Off Immigration Crackdowns

The rhetoric on immigration seems to be toning down in some states. Kansas, for instance, is seeking a waiver from the Department of Homeland Security to allow agricultural employers to possibly hire illegal workers.

Massachusetts gas prices edge up another 2 cents (AP)

AP - Massachusetts residents are paying two more cents a gallon at the gas pump, the seventh consecutive week of increases.

Hoekstra's broken English ad draws more criticism (AP)

AP - A coalition of black ministers in Detroit called Monday for U.S. Senate candidate Pete Hoekstra to apologize for his Super Bowl ad featuring a young Asian woman speaking broken English to describe the impact of the Democratic incumbent's economic policies.

Bigger US role against companies' cyberthreats? (AP)

FILE - In this Sept. 21, 2011, file photo Senate Homeland Security and Governmental Affairs Chairman Sen. Joseph Lieberman, I-Conn. presides over the committee's hearing on Capitol Hill in Washington.  A developing Senate plan that would bolster the government’s ability to regulate the computer security of companies that run critical industries is drawing strong opposition from businesses that say it goes too far and security experts who believe it should have even more teeth. “But where the market has failed, and critical systems are insecure, the government has a responsibility to step in,” said Leiberman. (AP Photo Manuel Balce Ceneta, File)AP - A developing Senate plan that would bolster the government's ability to regulate the computer security of companies that run critical industries is drawing strong opposition from businesses that say it goes too far and security experts who believe it should have even more teeth.


Fed should raise rates in 2013, Bullard says (Reuters)

Reuters - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that even if rates stay near zero for many years, U.S. economic output will not bounce back to pre-recession levels.

France, Germany want closer control of Greek funds (AP)

AP - France and Germany on Monday sought to impose tighter controls on Greece's finances and warned political leaders in Athens to agree on new austerity measures soon if they didn't want to see their country go bankrupt.

Officials: Netanyahu to head to United States next month

Israel's prime minister will visit the United States in March, officials said Sunday.

Humana forecast is below Street view; shares fall (Reuters)

Reuters - Humana Inc reported a quarterly profit that met analyst estimates, but the health insurer failed to raise its full-year forecast up to Wall Street's target and its shares fell 5.4 percent.

Goldman's Blankfein campaigns for gay marriage (Reuters)

Lloyd Blankfein, CEO of Goldman Sachs, listens during testimony before the Senate Homeland Security and Governmental Affairs Investigations Subcommittee hearing on Reuters - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein, one of Wall Street's most powerful figures, has become the first major business leader to join a national media campaign in support of same-sex marriage.


U.S. strikes deal to avoid Japan, EU trade sanctions (Reuters)

Reuters - The United States said on Monday it has struck a deal sparing U.S. exporters from hundreds of millions of dollars in European and Japanese trade retaliation in a dispute over how Washington calculates anti-dumping duties on steel and other goods.

Romney latest pol to join wait-let-me-explain club (AP)

FILE - In this Oct. 15, 1992, file photo President George H.W. Bush looks at his watch during the 1992 presidential campaign debate with other candidates, Independent Ross Perot, top, and Democrat Bill Clinton, not shown, at the University of Richmond, Va. The most telling moment in a three-way debate between Bush, Bill Clinton and Ross Perot in 1992, wasn't conveyed in words. It was Bush's glance at his watch. The president already was battling perceptions that he was out of touch and out of ideas in a time of economic distress. When the TV cameras caught him stealing a glance at his watch, it reinforced the impression that Bush wasn't up for the job. (AP Photo/Ron Edmonds, File)AP - Mitt Romney's remark that he's not worried about the very poor, the latest gaffe in a campaign rich with blunders, joins a long list of wait-let-me-explain episodes in presidential election history.


Marine sergeant accused of hazing goes to trial (AP)

FILE - In this Jan. 30, 2012 file photo, Marine Sgt. Benjamin Johns walks to the courtroom of the Legal Services Center of Marine Corps Base Hawaii in Kaneohe Bay, Hawaii.  Johns, Lance Cpl. Jacob D. Jacoby, and Lance Cpl. Carlos Orozco III are accused of hazing fellow Marine Lance Cpl. Harry Lew, who later committed Suicide. (AP Photo/Kent Nishimura, File)AP - A second Marine is going to trial for allegedly hazing a fellow Marine who later fatally shot himself in Afghanistan.


Fidelity Nat'l to buy O'Charley's restaurant chain (AP)

AP - A title insurance and mortgage services company that already owns a stake in the Bakers Square restaurant chain is buying the restaurant operator O'Charley's Inc., the companies announced Monday.

Obama bemoans wife being dragged into politics (AP)

President Barack Obama is applauded by first lady Michelle Obama and Sen. Jeff Sessions, R-Ala. after speaking at the National Prayer Breakfast in Washington, Thursday, Feb. 2, 2012. (AP Photo/Susan Walsh)AP - President Barack Obama says one of the toughest parts about being president is that his wife has been dragged into the "political realm."


Chrysler's "Halftime" ad: a roadmap for America? (Reuters)

Reuters - Is what is good for Chrysler good for America?

Analysis: Euro zone strugglers lack innovative knack (Reuters)

People walk on a promenade during a foggy day in Thessaloniki about 500 km (310 miles) north of Athens February 5, 2012. REUTERS/John KolesidisReuters - To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010.


US closes embassy in Syria (AP)

United States Ambassador to the United Nations Susan Rice speaks to reporters after the Security Council voted on a resolution backing an Arab League peace plan that calls for Syrian President Bashar Assad to step down , Saturday, Feb. 4, 2012 at United Nations headquarters. Russia and China vetoed the resolution. (AP Photo/Mary Altaffer)AP - The Obama administration has closed the U.S. Embassy in Damascus and pulled all American diplomats out of Syria.


Super Bowl obscenity a mess for FCC (Politico)

Politico - Singer M.I.A.'s act is likely to be reviewed.

Obama: US has 'very good' intelligence on Iran (AP)

FILE- In this April, 9, 2007, file photo Iranian President Mahmoud Ahmadinejad, speaks at a ceremony in Iran's nuclear enrichment facility in Natanz, 300 kms 186 (miles) south of capital Tehran, Iran. For the first time in nearly two decades of escalating tensions over the Iranian nuclear program, it appears that world leaders are genuinely concerned that an Israeli military attack on the Islamic Republic could be imminent, an action that many fear might trigger war, terrorism and global economic havoc. (AP Photo/Hasan Sarbakhshian, File)AP - President Barack Obama said the U.S. has a "very good estimate" of when Iran could complete work on a nuclear weapon, but cautioned that there are still many unanswered questions about Tehran's inner workings.


Obama: US has 'very good' intelligence on Iran (AP)

FILE- In this April, 9, 2007, file photo Iranian President Mahmoud Ahmadinejad, speaks at a ceremony in Iran's nuclear enrichment facility in Natanz, 300 kms 186 (miles) south of capital Tehran, Iran. For the first time in nearly two decades of escalating tensions over the Iranian nuclear program, it appears that world leaders are genuinely concerned that an Israeli military attack on the Islamic Republic could be imminent, an action that many fear might trigger war, terrorism and global economic havoc. (AP Photo/Hasan Sarbakhshian, File)AP - President Barack Obama said the U.S. has a "very good estimate" of when Iran could complete work on a nuclear weapon, but cautioned that there are still many unanswered questions about Tehran's inner workings.


3rd US cruise ship sails after virus outbreak (AP)

AP - A third U.S.-based cruise ship with an outbreak of stomach illness has sailed again after being decontaminated in South Florida.

Obama: Syria can be solved without military action (AP)

AP - President Barack Obama says it is important to resolve the ongoing conflict in Syria without outside military intervention.

Eyeing greener acres, new farmers reap growing U.S. aid (Reuters)

Reuters - Dan Pugh wishes he had a bigger tractor and his wife Laura worries about their chickens in the winter weather. But as new farmers putting down roots in rural Missouri, the Pughs are counting on more rewards than regrets in trading their city lives for the country.

Obama: Negative ads will have role in 2012 race (AP)

AP - President Barack Obama says the rise of political action committees guarantees that there will be a lot of negative ads in the lead-up to November's presidential election.

Ambassador Rice: Egypt must release Americans (AP)

AP - The U.S. ambassador to the United Nations is keeping up the Obama administration's pressure on Egypt to release 19 Americans facing trial on allegations of encouraging unrest in the country.

German industrial orders buoyed by global demand (AP)

AP - The German government says strong demand from outside the eurozone helped the country's industrial orders rise a stronger-than-expected 1.7 percent in December.

China growth could halve if Europe crisis worsens: IMF (Reuters)

Reuters - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said.

China growth could halve if Europe crisis worsens: IMF (Reuters)

Reuters - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said.

"Intentional" explosion kills husband, two sons of missing woman (Reuters)

Reuters - An "intentional" house explosion on Sunday near Tacoma, Washington killed the husband and two sons of a Utah woman missing since December 2009, fire department officials said.
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