In testimony before Congress Thursday, Johnson & Johnson's CEO apologized for the problems that have beset his company, including the quality issues with its children's medicines and the "phantom recall" of a batch of Motrin. He also said new batches of its children's medicines should start shipping next week.
A bill, passed by the U.S. House of Representatives Wednesday, would let U.S. companies petition for duties on Chinese imports -- a move that would hurt the global economy if it became law, the Chinese government said.
House Democrats may help overrule President Barack Obama by voting to extend George W. Bush-era tax cuts on investment income beyond this year, the Associated Press reported.
The federal government today passed a bill designed to spur small-business lending by providing financial incentives to banks that make loans to smaller companies, marking a victory for President Barack Obama and his attempt to cut unemployment.
The U.S. Senate passed a bill Thursday designed to spur small-business lending by providing financial incentives to banks that make loans to smaller companies, marking a victory of sorts for an Obama administration attempting to show voters it's addressing the public's concerns about the economy
Last week's employment report was disappointing: Employers cut double the number of jobs expected, added fewer new ones than predicted, and even temp job numbers fell to a loss. Is this a trend or an anomaly?
A bill that passed the House of Representatives on Friday would, among other things, eliminate the $75 million cap on liabilities related to oil spills. The overhaul of the nation's offshore drilling regulations would require oil companies to pay the full cost involved with any spills.
In a move that even elected officials admit is a marketing ploy, the Massachusetts House passed a bill to change the names of Bridgewater, Fitchburg, Framingham, Salem, Westfield and Worcester state colleges to universities.
The House of Representatives has passed the "SPILL Act," which -- if also passed by the Senate -- will allow families of men killed in the Deepwater Horizon accident to sue BP for normal damages. Under current maritime law, BP might get away with payments as low as $1,000 per death.
When Congress started to work seriously on financial industry reform legislation, it looked like the Senate was where banks would have their best chance to weaken the final law. But that's not how it looks these days: Instead, finance industry lobbyists have been losing ground there.
As the recession has sent hundreds of thousands of people moving from place to place in search of jobs, Texas has experienced a major surge in population growth. Lita Epstein takes a peek at what this means for America's political, economic, and social structure.
