Jan 12, 2013

U.S. puts end to risky home loans

The United States issued new rules Thursday restricting the kind of high-risk home loans that led to millions losing their homes in the housing collapse and sparked the financial crisis. The Consumer Financial Protection Bureau (CFPB) set regulations that forbid lenders from granting mortgages ...

Jan 8, 2013

U.S. drone found in Philippine waters

A U.S. drone believed to be used for reconnaissance was recovered Monday in waters off the central Philippines, police and naval authorities said. Fishermen found the 3.6-meter-long drone floating off the island of Masbate and dragged it ashore, according to provincial police official Heriberto ...

Dec 16, 2012

Japan, West snub rules for Net curbs

Japan, the United States, European countries and other major developed economies refused to sign revised international telecommunication rules Friday, arguing they could allow authorities to regulate expression on the Internet. The revised regulations do not reflect common opinions among the 193 member states of ...