Corrupt officials are raking off a sum equivalent to one third of Russia's annual budget, or $120 billion, a senior prosecutor was quoted as saying Friday.
The Federal Reserve has given approval for Bank of America Corp. to purchase distressed subprime mortgage lender Countrywide Financial Corp.
The government reports the nation's unemployment rate jumped to 5.5 percent in May — the biggest monthly rise since 1986 — as nervous employers cut 49,000 jobs last month. It was a dramatic sign of a deeply troubled economy.
A new Senate report gives a fresh shot of adrenaline to the election-year debate over the Iraq war.
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Mugabe sworn in after discredited election
House GOP admits failure to sway voters
House GOP admits failure to sway voters
Fighting forces get no break on fuel costs
Fighting forces get no break on fuel costs
Fighting forces get no break on fuel costs
Fighting forces get no break on fuel costs
Fighting forces get no break on fuel costs
Congress passes Iraq war spending bill
Congress passes Iraq war spending bill