Reuters: Top News - Breaking News - World News

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BEIJING (Reuters) - Defense Secretary Robert Gates and his Chinese counterpart said on Monday stronger military ties were needed to avoid missteps between the two global giants, whose forces have pushed up against each other in Asia.

U.S. and China say deeper military ties needed to avoid

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KABUL (Reuters) - Vice President Joe Biden arrived in Afghanistan on Monday on a surprise trip to assess a shift in security operations to Afghan forces before a gradual U.S. troop withdrawal starts in July.

Biden on surprise Afghan trip for talks with Karzai

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NEW YORK (Reuters) - The co-founder of a New York hedge fund that once had just under $1 billion in assets was accused of insider trading by U.S. securities regulators, in an investigation that stems from the long-running Galleon hedge fund probe.

SEC sues ex-Trivium fund manager in Galleon case

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NEW YORK (Reuters) - The U.S. Federal Reserve's $600 billion bond-buying program helped solidify a shaky economic recovery and looks increasingly set to run its course, three top Fed officials indicated on Monday.

QE2 helpful and likely to remain: Fed officials

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PHOENIX, Arizona (Reuters) - A troubled 22-year-old college dropout made his first court appearance on Monday on five federal charges, including the attempted assassination of Representative Gabrielle Giffords, who remained in critical condition with a bullet wound to the head.

Suspect in Arizona shooting spree appears in court

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KABUL (Reuters) - Afghan and foreign forces have caused more than $100 million damage to fruit crops and homes during security operations in southern Kandahar province, a government delegation said on Tuesday.

Afghan campaign caused $100 million damage: inquiry

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NEW YORK (Reuters) - Charles Schwab Corp will pay $118.9 million to settle regulatory charges that it hid from investors the mortgage-related risks in a seemingly safe, multibillion-dollar bond mutual fund.

Schwab in $119 million SEC accord, two execs charged

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TUCSON, Arizona (Reuters) - The family of the accused gunman in the Arizona shooting spree expressed sorrow on Tuesday over the "heinous events" while the congresswoman who was shot in the head showed signs of improvement.

Arizona shooting suspect's family expresses sorrow

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WASHINGTON (Reuters) - President Barack Obama is getting a bump in his approval ratings from an improving economy but Americans want him to focus on reducing debt and spending, a Reuters/Ipsos poll showed on Wednesday.

Obama approval rises as economy improves: Reuters/Ipsos poll

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WASHINGTON (Reuters) - The U.S. economy strengthened as the year drew to a close, according to a report from the Federal Reserve on Wednesday that cited rising employment levels across the country.

Fed says economy, jobs outlook improving