Obama to Congress: Put in place banking rules now

President Barack Obama says the big trading loss at JPMorgan Chase shows the need for Congress to finally put in place banking rules he signed into law two years ago. He also is calling on lawmakers to stop trying to weaken the regulations.

America expands once again _ digitally, this time

The metaphor is an easy one, overused and perhaps even a bit overwrought. We are forging forward into a digital frontier, leaving convention behind, traveling without guides into an uncharted virtual land where progress and profits are forever around the next bend.

Obama pledges tough enforcement of Wall Street reforms

WASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they "treated our financial system like a casino. ...

G-8 leaders put focus on European financial crisis

Leaders of the world's economic powers say Germany should balance its push for European fiscal austerity with doses of stimulus spending to avoid a financial calamity with global repercussions.

Electric car network gets first test in Israel

Israeli entrepreneur Shai Agassi has begun rolling out the world's first nationwide electric car network. Now, will the drivers come?

Obama: More teeth needed for Wall Street reforms

President Barack Obama says the big trading loss at JPMorgan Chase shows the need for Congress to put more teeth into Wall Street reforms intended to prevent the practices that led to the 2008 financial meltdown.

Electric car network gets first test in Israel

Israeli entrepreneur Shai Agassi has begun rolling out the world's first nationwide electric car network. Now, will the drivers come?

Obama pledges tough enforcement of Wall Street reforms

WASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they "treated our financial system like a casino. ...

G-8 leaders put focus on European financial crisis

Drawn together in this serene mountain outpost, leaders of the major industrialized nations are prodding Germany to balance its push for European fiscal austerity with doses of stimulus spending to avoid an economic calamity that could reverberate worldwide.

Electric car network gets first test in Israel

Israeli entrepreneur Shai Agassi has begun rolling out the world's first nationwide electric car network. Now, will the drivers come?

Facebook stock finishes flat in debut

In the hours before Facebook's stock began trading on the Nasdaq Stock Market for the first time, CEO Mark Zuckerberg reminded the company's 3,500 employees not to get caught up in the hoopla surrounding its long-awaited initial public offering.

Iran, Syria among top for G-8 and NATO

President Barack Obama and leaders of other major industrial powers grappled Friday with options to solidify world resolve against development of an Iranian nuclear bomb and encourage a more forceful response to worsening violence in Syria.

Dewey to consider bankruptcy filing: source

NEW YORK (Reuters) - Ailing law firm Dewey & LeBoeuf is considering a bankruptcy filing as new debtholders take a more aggressive track, shifting away from earlier attempts at an out-of-court liquidation, a person familiar with the matter said on Friday. The majority of Dewey's partners have quit as a result of concerns about compensation, and $225 million in bank loans and bond debt. ...

Quebec passes law in effort to end daily protests

Quebec's provincial government passed an emergency law Friday that sets restrictions on demonstrations and shuts some universities as the government seeks to end three months of demonstrations against tuition hikes.

Quebec passes law in effort to end daily protests

Quebec's provincial government passed an emergency law Friday that sets restrictions on demonstrations and shuts some universities as the government seeks to end three months of demonstrations against tuition hikes.