The $3 billion airline merger of UAL and Continental would create the world's largest airline.
Hurricane Karl has ramped up to a Category 3 storm with winds of 120 m.p.h., and is bearing down on Vera Cruz, Mexico. Mexican authorities are evacuating oil platforms in the Gulf and residents are preparing for Hurricane Karl's arrival.
A new poll shows a majority of Americans favor President Obama's plan to raise taxes on the rich. But by a 46 percent to 41 percent margin, people want Republicans steering the economy.
Elizabeth Warren is tipped to be appointed by President Obama to set up a new consumer finance protection agency dealing with mortgages, credit cards and other financial products. But the choice of Elizabeth Warren, a Harvard professor, is controversial.
Hurricane Julia became a Category 4 storm Wednesday. Tropical storm Karl is expected to reach hurricane status by the time it makes landfall in Mexico Saturday morning. Igor could brush Bermuda by Sunday.
Carl Paladino, a millionaire Buffalo developer, rode a wave of conservative tea party anger on his way to delivering another blow to the GOP in a heavily Democratic state. Paladino takes on Andrew Cuomo in the November election.
American hiker Sarah Shourd's release was supposed to be a 'gift' from Ahmadinejad, who heads to the United Nations next week amid intense international pressure. But his actions riled conservatives in Iran.
Cuba announced Monday that 500,000 government jobs will be cut by next year and that more private enterprise will be tolerated. The changes go further than economic opening of the 1990s.
Fracking, or hydraulic fracturing, is a controversial process for extracting natural gas from shale. Critics of fracking question the environmental and health effects of pumping thousands of gallons of water and chemicals underground.