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U.N. Security Council calls for immediate Gaza truce - UNITED NATIONS/GAZA (Reuters) - The U.N. Security Council called for an immediate ceasefire in the Gaza Strip but Israeli warplanes launched intermittent attacks on Friday.
Obama pushes stimulus, warns on recession - WASHINGTON (Reuters) - President-elect Barack Obama warned on Thursday the U.S. economy could stay mired in recession for years without bold action and he urged lawmakers to work day and night to pass a massive stimulus plan.
Citi backs measure to help avoid foreclosures - WASHINGTON (Reuters) - Financial giant Citigroup Inc will support a proposal in Congress to rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, Chief Executive Vikram Pandit said on Thursday.
Obama names Virginia gov as Democratic Party head - WASHINGTON (Reuters) - President-elect Barack Obama named Tim Kaine as head of the Democratic Party on Thursday, rewarding an early supporter with a high-profile political post even as he continues to serve as Virginia governor.
U.S., Iran share interests in Afghanistan: Petraeus - WASHINGTON (Reuters) - The United States and its allies share some interests with Iran when it comes to stabilizing Afghanistan, Army Gen. David Petraeus, head of the U.S. military's Central Command, said on Thursday.
Obama seeks bold action as rates, retail sales fall - CHICAGO/SEOUL (Reuters) - South Korea followed Britain by cutting interest rates to record low levels on Friday, while Wal-Mart and other U.S. retailers reported disappointing sales as the global economic crisis drains consumer confidence and jobs.
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