Freighters and cargo containers sit idle at the Port of Los Angeles as a back-log of over 30 container ships sit anchored outside the Port in Los Angeles, California, February 18, 2015.  REUTERS/Bob Riha, Jr.

Economy likely shrank in first quarter, rebound seen

WASHINGTON - The economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.  Full Article 

Dollar, Chinese shares steady as Europe wobbles 5:25am EDT

LONDON - The dollar inched higher on Friday, putting it on track for a monthly rise in May, while Chinese shares steadied after a plunge a day earlier that stoked concerns about the financial health of the world's second largest economy.

The alleged on-going land reclamation of China at Subi reef is seen from Pagasa island (Thitu Island) in the Spratlys group of islands in the South China Sea, west of Palawan, Philippines, in this May 11, 2015 file photo. REUTERS/RITCHIE B. TONGO

South China Sea debate: the civilian factor

HONG KONG/MANILA - Little noticed in the heated debate over the potential military use of China's holdings in the South China sea is a growing civilian presence across the region - a trend that potentially complicates any future armed conflict.   Full Article 

Former Representative J. Dennis Hastert (R-IL) listens as U.S. Republican presidential candidate and former Massachusetts Governor Mitt Romney speaks during a campaign stop in Cedar Rapids, Iowa January 2, 2008. REUTERS/Keith Bedford

Former House Speaker Hastert indicted

CHICAGO - Former House of Representatives Speaker Dennis Hastert was indicted on federal charges, including for lying to the FBI relating to an alleged effort to hide $3.5 million in payments he was making to a person to conceal past misconduct.   Full Article 

Protestors hold signs behind Richard Fuld, Chairman and Chief Executive of Lehman Brothers Holdings, as he takes his seat to testify at a House Oversight and Government Reform Committee hearing on the causes and effects of the Lehman Brothers bankruptcy, on Capitol Hill in Washington in this October 6, 2008 file photo. Fuld told Congress that U.S. banking regulators knew exactly how Lehman was pricing its distressed assets and about its liquidity in the months before its collapse. REUTERS/Jonathan Ernst/Files

Lehman's Fuld insists firm 'was not bankrupt'

NEW YORK - Six years, seven months and 13 days after Lehman Brothers filed for bankruptcy, its former chief executive, Richard Fuld Jr., is still insisting it did not go broke.  Full Article 

Mexico's President Enrique Pena Nieto gives a speech during a lunch as part an official welcoming ceremony for Turkey's President Tayyip Erdogan at the National Palace in Mexico City February 12, 2015.REUTERS/Henry Ro.

Mexican president misrepresented finances

VALLE DE BRAVO, Mexico - Mexican President Enrique Pena Nieto misrepresented to authorities the circumstances under which he acquired one of his properties, public documents reviewed by Reuters show.  Full Article 

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Australia's troubled search for MH370

Nearly a year after embarking on a multi-million dollar quest to solve one of aviation's greatest unsolved mysteries, authorities and search teams are being criticized over their approach to finding Flight MH370 in the remote southern Indian Ocean.