Friday, December 6, 2013
The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively accumulated stock, but underlying domestic demand remained sluggish and buoyed the case for the Federal Reserve to keep up its stimulus for now. Gross domestic product grew at a 3.6 percent annual rate instead of the 2.8 percent pace reported earlier, the Commerce Department said on Thursday. Economists polled by Reuters had expected output would be revised up to only a 3.0 percent rate.
Creative industries led by Hollywood account for about US$504 billion, or at least 3.2 percent of U.S. goods and services, the U.S. government said in its first official measure of how the arts and culture affect the economy.
Mexican soldiers Wednesday set up a safety perimeter around a cancer-treating device containing dangerous radioactive material that was stolen along with a truck from a gas station.
Microsoft Corp. pledged late Wednesday to fight in court against any attempt by U.S. intelligence agencies to seize its foreign customers' data under American surveillance laws, one of a series of steps aimed at reassuring nervous users abroad.
The National Security Agency tracks the locations of nearly 5 billion cellphones every day overseas, including those belonging to Americans abroad, The Washington Post reported Wednesday.
The first full-face transplant patients in the U.S. are growing into their new appearances — literally.
Wildlife workers in boats struggled Wednesday to coax nearly four dozen pilot whales out of dangerous shallow waters in Florida's Everglades National Park, hoping to spare them the fate of 10 others that already have died.
U.S. President Barack Obama admitted Wednesday he was not allowed to have an iPhone owing to security fears — explaining why he is sometimes seen with a bulky super secure Blackberry.
Thursday, December 5, 2013
Giving no ground, Chinese President Xi Jinping and U.S. Vice President Joe Biden traded strong arguments Wednesday over China's contentious new air defense zone, with little indication of progress toward defusing a situation that is raising anxieties across Asia and beyond.
Organizations that objected to Detroit's bankruptcy separately asked the U.S. judge overseeing the case late on Wednesday to allow an appeal of the case to go directly to the U.S. 6th Circuit Court of Appeals.