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Obama1-012915.jpg President Barack Obama will travel to Philadelphia on Thursday to meet with House Democrats and outline his budget proposal that includes rolling back the budget cuts known as sequestration.
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img5-012915.jpg After more than two weeks of debate, the Senate voted Thursday to pass legislation authorizing construction of the Keystone XL oil pipeline. The Senate voted 62 to 36 in favor of the bill, with nine Democrats joining with Republicans to approve the legislation.
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German-012915.jpgGermany's consumer prices in January declined for the first time in nearly five-and-a-half years and at faster than expected rates, in sync with forecasts for deflation in the euro area, preliminary figures from Destatis showed Thursday. The EU measure of inflation, the harmonized index of consumer prices, fell 0.5 percent annually, following a modest 0.1 percent gain in December. Economists had forecast a 0.2 percent decline.
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The FDA has issued its approval to a new skin care drug called Cosentyx (secukinumab) aimed at treating plaque psoriasis. The condition is an autoimmune disorder that causes itchy, irritated skin and is most common in adults aged 15 to 35. The new drug works by binding to a protein called interleukin (IL)-17A. In doing so, it prevents that protein from reaching its receptor.
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The China stock market has finished lower now in three straight sessions, tumbling more than 120 percent or 3.9 percent in that span. The Shanghai Composite Index ended just above the 3,260-point plateau, although the market may snap its slide on Friday. The global forecast for the Asian markets is...
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Online retailer Amazon.com, Inc. said Thursday after the markets closed that its fourth quarter fell 10.5% from last year, as higher expenses more than offset a 15% increase in sales. However, the company's quarterly earnings per share came in well above analysts' expectation, but its quarterly sales fell short of analysts' forecast.
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The American economy is growing and creating jobs at the fastest pace since 1999, President Barack Obama said in his 2015 State of the Union Address Tuesday. The shadow of crisis has passed, and the State of the Union is strong, the president noted.
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