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Home / Business News for Monday February 6, 2012
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London Former News of the World editor Rebekah Brooks was arrested Sunday in connection with British police investigations into phone hacking and police bribery, her spokesman told CNN.
She is being quizzed by police in London after having come in by appointment, a Metropolitan Police spokesman said.
The company she worked for until Friday, Rupert Murdoch's News International, said Sunday before.. more
The hottest music venue in Europe opened its doors on Thursday morning to a select group in the United States.
Spotify, which makes Internet music-streaming software, launched the much-hyped U.S. version of its service after delays and years of negotiation.
At first, Spotify will only accept new members to its free service who receive invitations from the company, one of its sponsors or a curren.. more
Washington A fifth session of talks in five days is set for Thursday to head off a possible government default.
Wednesday's session ended on a tense note with House Majority Leader Eric Cantor and President Barack Obama squaring off over the Republican's call for a short-term extension of the federal debt ceiling.
At one point, Obama said the political wrangling confirmed what the public conside.. more
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Washington Political leaders retreated to hard-line positions Sunday after talks to reach a comprehensive deficit reduction deal sought by President Barack Obama effectively broke down over Republican resistance to tax increases.
Obama and congressional leaders will meet Sunday night to continue their negotiations on an agreement intended to bring Republican support for raising the federal debt c.. more
Washington Talks to reach a more ambitious deficit-reduction deal effectively broke down on Saturday, House Speaker John Boehner said, as he and fellow Republicans resisted any White House attempts that could increase taxes.
A White House meeting involving a bipartisan group of eight congressional leaders will continue as planned Sunday.
However, Boehner said in a statement Saturday that paramet.. more
Washington President Barack Obama is seeking $3 trillion to $4 trillion in deficit cuts over the next decade, a move that would require putting Social Security, Medicare, defense spending and tax reform on the table as part of a balanced approach to cuts, Democratic officials familiar with the negotiations told CNN.
The officials, speaking on condition of anonymity, did not say what types of cuts.. more
New York Days after presenting evidence questioning the accuser's credibility, New York prosecutors are still working to determine exactly what happened between Dominique Strauss-Kahn and the hotel maid that originally led to the financier's arrest on sexual assault charges.
A source close to the investigation told CNN on Sunday that it is unclear whether the former International Monetary Fund ch.. more
New York In a revelation so serious that it could collapse the case, prosecutors will notify a court Friday of troubling credibility issues with the woman who alleged sexual assault against former International Monetary Fund Director Dominique Strauss-Kahn, a source familiar with the case told CNN.
Credibility issues are so grievous that incontrovertible DNA evidence of sexual contact recovered f.. more
Washington President Barack Obama called on lawmakers Wednesday to overcome the "selfish" norms of politics and "do their job" to strike a deal on raising the federal government's current $14.3 trillion debt ceiling by the start of August.
People shouldn't get "spooked," but "the yellow light (is) flashing," he warned. "This is urgent."
Top economic analysts have warned of potentially catastroph.. more
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