March 2, 2011
Stocks drop more than 1% as oil spikes near $100
U.S. stocks tumbled Tuesday, with all three major indexes down more than 1%, as oil prices spiked to nearly $100 a barrel. The Dow Jones industrial average (INDU) sank 168 points, or 1.4%, with Alcoa (AA, Fortune 500) and Caterpillar (CAT, Fortune…
March 2, 2011
Gold price hits record high on Libya unrest
The price of gold has hit a record high as investors worry about the political turmoil in Libya and spreading tensions across the Middle East. The price on the London Bullion Market jumped more than $14 to $1,434.50 an ounce, topping the previous…
March 2, 2011
Bernanke: Sustained oil price rise danger to US economy
The length of time that oil prices remain high will be significant for the US economy, US Federal Reserve chairman Ben Bernanke has said. He told the Senate Banking Committee that the most likely outcome was a temporary and modest rise in…
March 2, 2011
More Than 140,000 People Flee Libya
The United Nations refugee agency says over the past 10…
March 2, 2011
Yemeni Cleric Joins Protests, Calls for Islamic Rule
An influential cleric and former mentor of Osama bin Laden has joined tens of thousands of Yemeni opposition activists and called for the government's replacement with an Islamic state. Sheik Abdul Majid al-Zindani Tuesday praised the…
March 2, 2011
US Lawmakers Press Obama on Trade Agreements
Sixty-seven Republicans in the U.S. House of Representatives have told President Barack Obama they want to work with him to approve long-delayed trade deals with Colombia, Panama and South Korea. In a letter to the president, the legislators…
March 2, 2011
US Orders Ships to Libya
The United States has ordered two warships and 400 Marines to the waters off Libya, but top U.S. military officials played down the likelihood that the forces would intervene in the country's growing civil war. U.S. Defense Secretary Robert Gates…
March 2, 2011
Home Run King Again Pleads Not Guilty to Perjury
Major League Baseball's home run king, Barry Bonds, has again pleaded not guilty to charges that he lied under oath about using steroids. Bonds' plea in a San Francisco court Tuesday was his fourth since the charges against him were first…
March 2, 2011
UN narcotics body rewards Colombia’s drug war efforts
The International Narcotics Control Board (INCB) has dropped Colombia from its list of countries requiring special observation. It said Colombia remained the world's biggest producer of cocaine but had made progress in its war on drugs. Board member…
March 2, 2011
Iran: Security forces break up Tehran protests
Iranian police have fired tear gas to disperse opposition supporters mounting protests in the capital Tehran. A BBC correspondent in Tehran said large numbers of riot police and militia on motorcycles in the city centre broke up any crowds that…