Bed Bath & Beyond Profits Pointing to Economic Recovery?

The home retailer, a haven for nonessential merchandise, has seen steady improvement. Are Americans opening their wallets?

Judge orders Allen Stanford jailed until trial

HOUSTON (Reuters) – A federal judge on Tuesday ordered Texas financier Allen Stanford, accused of a $7 billion fraud, held without bail until trial.

Franken declared Senate winner, Coleman concedes

MINNEAPOLIS (Reuters) – Democrat Al Franken, a satirist turned politician, was declared the winner of a Senate seat in Minnesota on Tuesday, clearing the way for President Barack Obama’s party to secure a critical 60-seat majority in the Senate.

Cash-strapped states up against budget deadlines

SAN FRANCISCO (Reuters) – California prepared on Tuesday to resort to issuing IOUs as the giant but cash-strapped U.S. state struggled to approve a new budget in time for the new fiscal year that begins on Wednesday.

Bomb kills 32 in Iraq as U.S. troops leave

BAGHDAD (Reuters) – Hours after U.S. troops handed over control of Iraq’s cities to its domestic security forces, a car bomb in the northern city of Kirkuk killed at least 32 people and wounded more than 100 on Tuesday, police said.

Cisco may offer Web-based office software

BOSTON (Reuters) – Cisco Systems Inc is considering offering Web-based alternatives to Microsoft Corp’s popular Office software as the networking giant expands on the Internet.