Exclusive: U.S. lets China bypass Wall Street for Treasury orders
NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People's Bank of China buys U.S. debt using a different method than any other central bank in the world. The other ...

Greece's new prime minister meets party leaders
Greece's newly installed caretaker prime minister conferred with party leaders Monday ahead of this week's European Union summit that's expected to focus on ways of kick starting economic growth across the continent.

Egypt's election to decide army's political future
This week's landmark presidential election should end six decades of effective military rule in Egypt, but it remains unclear how much authority the generals who took over from Hosni Mubarak will cede to the elected leader.

U.S. top court decides in vitro fertilization benefits
WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Monday that children conceived through in vitro fertilization after the death of a parent were not automatically entitled to survivor benefits under the Social Security law. The justices unanimously sided with the Obama administration and overturned a U.S. appeals court's ruling for a New Jersey woman who is seeking benefits for her twins ...

Developments in Google's bid for Motorola Mobility
Here are some key developments in Google's Inc.'s planned acquisition of Motorola Mobility Holdings Inc.:Aug. 15, 2011: Google announces plans to spend $12.5 billion to buy Motorola Mobility. Google would ...

S.Africa's most famous township gets new theater
Playwright, director and actor John Ledwaba gave up theater during South Africa's turbulent 1980s and left his Soweto home to train to be an anti-apartheid guerrilla. But he soon stopped training to lead the fight through theater, staging powerful works that exposed the horrors of racist rule to the world.

U.S. Teens Heading for Heart Trouble: Study
MONDAY, May 21 (HealthDay News) -- Many American teenagers, including some with a normal, healthy weight, already have one or more risk factors for heart disease, researchers say.

Fed's Lockhart says circumstances not ripe for QE3
(Reuters) - The U.S. economy needs "measured" efforts to bolster growth, but the central bank should focus on improving its communications because circumstances do not warrant further bond buying at this time, a top Federal Reserve official said on Monday. Atlanta Federal Reserve Bank President Dennis Lockhart said the central bank's policy panel should push forward with efforts to give the ...

U.S. Said to Let China Buy Direct From Treasury
China can now buy U.S. debt directly from the government, in what is the Treasury Department’s first-ever direct relationship with a foreign government.

Market breaks losing streak, with China's help
Forget Facebook. This is still Apple's stock market.Apple — the world's most valuable company — climbed nearly 6 percent on Monday, helping propel major U.S. stock indexes to gains after a week of losses. ...