President Barack Obama says the U.S. could lose years of scientific research as a result of automatic spending cuts that have hit federal agencies. He says instead of racing ahead to the next cutting edge, American scientists are wondering whether they'll be able to develop any new products at all.
This year got off to a sour start for U.S. workers: Their pay, already gasping to keep pace with inflation, was suddenly shrunk by a Social Security tax increase. Which raised a worrisome question: Would consumers stop spending and further slow the economy? Nope. Not yet, anyway.
Built to dominate the enemy in combat, the Army's hulking Abrams tank is proving equally hard to beat in a budget battle. Lawmakers from both parties have devoted nearly half a billion dollars in taxpayer money over the past two years to build improved versions of the 70-ton Abrams. But senior Army officials have said repeatedly, "No thanks."
The U.S. government sued Novartis Pharmaceuticals Corp. again on Friday, saying it paid kickbacks for a decade to doctors to steer patients toward its drugs, sometimes disguising fishing trips off the Florida coast and trips to Hooters restaurants as speaking engagements for the doctors.
New York City is suing BP over the drop in its stock price after the 2010 Gulf of Mexico oil spill, saying its pension funds lost $39 million. The lawsuit in federal court in New York claims BP failed to tell shareholders about the risks of its offshore drilling, and that after the spill it tried to minimize the cost to shareholders.
Japan's transport minister said Friday the government will allow Japanese airlines to resume flying grounded Boeing 787s once they complete installation of systems to reduce fire risk in problematic lithium ion batteries. The ministry gave the official approval Friday evening following a formal safety order from U.S. Federal Aviation Administration.
Orders for long-lasting U.S. factory goods fell in March by the most in seven months. The drop reflected a steep decline in commercial aircraft demand and little growth in orders that signal future business investment. That followed a 4.3 percent gain in February, which was revised lower.
CareFusion Corp. said Thursday it will pay about $41 million to resolve a government investigation into marketing practices for its antiseptic ChloraPrep. The investigation also covered CareFusion's relationships with health care professionals. The company said it agreed to the settlement in principle and is also entering into a non-prosecution agreement.
The wave of deadly fungal infections was identified in September and linked to a large Massachusetts compounding pharmacy, which regulators said was operating more like a manufacturer. The new proposal would subject such large compounding operations to direct federal oversight by the Food and Drug Administration.
U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year.
Seoul said it issued a Friday deadline for North Korea to respond to its call for talks because it was worried about its workers not having access to food and medicine. North Korea hasn't allowed supplies or workers to cross the border since early this month.
A federal agency has cited an Ohio aluminum plant with eight safety violations following the death of a worker who was crushed by a hot metal rack stacked with heavy aluminum. OSHA said Extrudex Aluminum acted with knowing disregard or plain indifference to hazards at the company's plant in North Jackson in northeastern Ohio.
The world's largest brewer is trying to stop Ohio from enacting a measure that would prohibit brewers from buying wholesale beer distributors. That provision was part of a bill that moved quickly through the Legislature last week and is now before Gov. John Kasich.
China's President Xi Jinping and France's President Francois Hollande pledged to push for a world free of domination by any superpower Thursday as the French leader visited the Chinese capital on a mission to boost trade amid his country's worsening economic woes.
Nets, harpoons and suicide robots could become weapons of choice to hunt down the space junk threatening crucial communications satellites currently in orbit round Earth, scientists said. Even lasers that act like "Star Trek" tractor beams were among the proposals put forward to protect some $100 billion worth of satellites.
The number of Americans seeking unemployment aid fell last week to a seasonally adjusted 339,000, the second-lowest level in more than five years. The decline suggests hiring is improving from last month's sluggish pace. The Labor Department says applications for unemployment aid dropped by 16,000.
Federal and state officials investigating last week's deadly blast at a Central Texas fertilizer company are trying to determine whether a fire at the plant could have ignited a supply of ammonium nitrate. But how much of the highly explosive fertilizer was stored at the site is unclear because of a gap in federal regulations.
South Korea on Thursday warned of unspecified "grave measures" if North Korea rejects talks on a jointly run factory park shuttered for nearly a month — setting up the possible end of the last remaining major symbol of inter-Korean cooperation.
As a rule, the Defense Department purchases shoes and clothing that are made in America, the senators said. The department used to treat athletic footwear the same way, but in recent years it's been giving military personnel a cash allowance to buy their own footwear.
Orders for long-lasting U.S. factory goods fell in March by the most in seven months. The drop reflected a steep decline in commercial aircraft demand and little growth in orders that signal future business investment. The Commerce Department said Wednesday that orders for durable goods declined 5.7 percent in March.
Beef Products Inc. has agreed to pay a $450,000 civil penalty to settle alleged violations of Clean Air Act regulations from a 2007 incident at a now-closed Waterloo packing plant which killed a worker and injured another. In the accident more than 1,000 pounds of anhydrous ammonia was released into an area occupied by workers and two became trapped.
More than a third of malaria-fighting pills used in Africa and Asia are either fake or bad quality, according to a study released last year. Rampant drug counterfeiting has undermined efforts to fight the mosquito-borne disease, which causes fever, chills and flu-like illness.
A federal judge is siding with two California advocacy groups in ruling that the Food and Drug Administration must set a new timetable to implement delayed food safety reforms. U.S. District Judge Phyllis J. Hamilton in Oakland, Calif. handed down the decision on Monday.
Despite that warning, Fisker continued to receive money until June 2011, when the DOE halted further funding. The agency did so after Fisker presented new information that called into question whether key milestones — including launch of the company's signature, $100,000 Karma hybrid — had been achieved.
Speaking ahead of a climate meeting in Bonn next week, Christiana Figueres told reporters in a teleconference that much had changed, giving her optimism that a global climate pact can be reached in Paris in 2015. Figueres says climate change is worsening and governments have already committed to reaching a deal.