A new set of rules will be put in place in July 1 by the Federal Reserve that will restrict banks from charging their customers overdraft fees or similar fees without getting permission first. Bank of America, however, offered a rather different twist for its depositors to abide the new rules: If there...

The US Treasury Department decided to ease sanction on Cuba, Iran and Sudan to allow their citizens to access online services such as email, social networking and instant messaging. The department lifted a ban on exports of software and Internet services so that Cuban, Iranian and Sudanese people can...

French President Nicolas Sarkozy has said that Europe must unite to help Greece and that EU members should try to calm speculations amid a weakening euro. Greek Prime Minister George Papandreou thanked Sarkozy in its drive to help Greece in an effort to appease its 12.7 percent budget deficit. Sarkozy,...

The Icelandic people voted an overwhelmingly “No” to their country’s deal with Britain and the Netherlands to repay its debts. A new resolution has been proposed recently to Iceland by the other two European countries that improved the repayment terms compared to the one that has just been voted...

Starbucks Corp. was the center of the issue recently after allowing customers with guns inside their shops in a state where such action is legal. The coffee chain said that it is only abiding the state laws and does not want to be a part of the debate in gun control. The company’s statement, which...

The Bank of England is expected to keep interest rates at a record low of 0.5 percent and take no further action on purchasing assets to boost the money supply when it announces its monthly monetary policy decision later Thursday. Economists anticipate the “wait and see” stance after a month...

President Barack Obama is going to help TV’s “America’s Most Wanted” mark the milestone broadcast of its 1,000th episode. Obama will be interviewed by the show’s host, John Walsh, on the episode airing 9 p.m. EST Saturday on Fox. The president will discuss the show’s...

It seems like Toyota is taking all the brunt when other automakers are also issuing recalls. General Motors Co. is set to recall 1.3 million units of Chevrolet and Pontiac models that are sold in North America. Models affected by the recall include 2005 to 2010 Chevrolet Cobalts, 2005 to 2006 Pontiac...

Lobstermen in Maine harvested record number of lobsters last year but the value of their catch has continued to go down as the world economy is still trying hard to recover. The Maine Department of Marine Resources said Monday that the lobstermen were able to catch 75.6 million pounds worth of harvest...

The premier of China said that this year will be very complicated for the economy of his country and he pledged to his citizens that the government will do everything to battle inflation and non-stop increase on property prices. In an effort to calm the Chinese people of worries about food safety, corruption...