Judiciary Chairman Withholding Judgment on Whether Kagan Should Recuse from Health-Care Cases

House Judiciary Chairman Lamar Smith (R.-Texas) (AP photo/Drew Angerer) (CNSNews.com) – House Judiciary Chairman Lamar Smith (R-Texas) is withholding judgment on whether Supreme Court Justice Elena Kagan should recuse herself from judging lawsuits that were filed against the health-care law that President Barack Obama signed while Kagan was serving as the Obama administration’s solicitor general and was charged […]

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Debt worries drag down the stock market

FILE – In the June 22, 2011 file photo, traders work on the floor of the New York Stock Exchange. Global stock markets took a battering Monday, July 18, 2011, as investors fled for the security of other assets amid concerns that Europe’s debt crisis could engulf larger economies and ahead of another round of […]

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2 top London police resign in UK hacking scandal

FILE — London’s Metropolitan Police Assistant Commissioner John Yates giving evidence to a House of Commons Home Affairs Committee regarding recent phone hacking allegations, in this July 12, 2011 file photo. Yates resigned Monday July 18, 2011, amid the firestorm surrounding the phone hacking scandal. Yates made a decision two years ago to not re-open […]

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Borders fate to be decided this week

SymbolPriceChangeBKS17.19-0.10JLL89.39-1.85{“s” : “bks,jll”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — Borders Group is edging closer to extinction after no new bids surfaced on Monday in an auction process for the bookstore chain other than the opening bid from two liquidation firms. Borders Group, which helped pioneer the big-box bookseller concept and once […]

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Obama appoints Cordray to lead consumer agency

WASHINGTON (AP) — President Barack Obama is vowing to fight any efforts to block the work of a new consumer protection bureau as he introduces a former Ohio attorney general to run the agency. If confirmed by the Senate, Richard Cordray would head the agency tasked with being a government watchdog over mortgages, credit cards […]

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Borders’ seeks approval to liquidate

SymbolPriceChangeBKS17.23-0.06{“s” : “bks”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — There will be no storybook ending for Borders. The 40-year-old book seller could start liquidating its 399 remaining stores as early as Friday. The Ann Arbor, Mich.-based chain, which helped pioneer the big-box bookseller concept, is seeking court approval to liquidate after […]

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Obama: ‘We Don’t Need a Balanced Budget Amendment’

President Barack Obama answers questions on the ongoing budget negotiations during a press conference in the Brady Briefing Room of the White House in Washington, Friday, July 15, 2011. (AP Photo/Pablo Martinez Monsivais) Washington (CNSNews.com) – President Barack Obama says America does not need a balanced budget amendment to the Constitution, and he once again […]

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Commentary: It’s Always a Surprise to Obama

Barack Obama may be the most surprising President in the history of the Republic. In his two-and-a-half years in office, no matter what has happened, it seems to have come as a surprise to him. Shovel-ready projects? Unexpectedly, they didn’t exist. The only shoveling that went on was shoveling about $700 billion of our tax […]

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European, US debt worries haunt markets

In this June 27, 2011 photo, traders work on the floor at the New York Stock Exchange in New York. (AP Photo/Seth Wenig) SymbolPriceChangeBK25.100.00{“s” : “bk”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} LONDON (AP) — Global stock markets took a battering Monday as investors fled for the security of other assets amid concerns that Europe’s […]

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Halliburton 2Q earns grow 54 percent

SymbolPriceChangeHAL53.080.00{“s” : “hal”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — Halliburton Co. says the expansion of oil and natural gas drilling in North America helped boosted company earnings by nearly 54 percent in the second quarter. Revenue also hit a company record for the period. The Houston oil services company on Monday […]

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