Washington - The White House on Tuesday said it hoped an upcoming economic summit would help the United States and European Union to resolve a growing rift over how to manage a deepening global recession.
Ahead of a Group of 20 (G20) summit of the world's leading economies in April, White House and EU officials have apparently been at odds over whether more government stimulus will be needed to pull their economies out of recession.
Washington - Bernard Madoff, whose alleged 50-billion-dollar investment fraud undermined individual and institutional investors around the globe, is to plead guilty this week, his lawyer said Tuesday.
The lawyer, Ira Sorkin, made the remarks at a federal court hearing in New York, Bloomberg financial news agency reported. The news confirmed reports from last week that Madoff was expected to enter a guilty plea.
San Francisco - Social networking is a more popular online activity than email, according to a new survey that provides an interesting picture into web surfing habits.
The survey by market research firm Nielsen Online found that on average one of every 11 minutes spent online around the world is devoted to social networking and blogging sites.
Washington - The United States will ask companies to report on their greenhouse-gas emissions that are blamed for global warming, setting the stage for government-imposed limits on climate pollution supported by President Barack Obama and long resisted by his predecessor.
The Environmental Protection Agency (EPA) on Tuesday said it will ask most major polluting firms to submit annual reports on their emissions levels beginning with 2010.
Los Angeles - The foundation started by former Superman star Christopher Reeve has applauded President Barack Obama's new stem cell policy saying it "harnessed the power of the federal government to move research forward" toward possible new therapies.
Obama on Monday reversed an eight-year long government block on federal funding for embryonic stem cell research, a promising but controversial science, and rejected what he called a "false choice" between science and morals.
Washington - For years the Pentagon believed Navy Captain Michael Scott Speicher was killed when he his plan was shot down by the Iraqis during the 1991 Gulf War, but his case remains a mystery.
His body was never found. The Pentagon concluded in 2001 after a review that he was missing in action, and following additional inquiries the Pentagon said Tuesday it still believes that to be the case, even though the intelligence community says he's dead.