U.S. economy has shown "widespread signs" of slowing over recent weeks, the Fed Reserve said in a report suggesting that while the recovery has been faltering, the economy may skirt a second recession.

Google and Microsoft's Bing did not apply for the Internet map service licenses which was granted by China to first batch of 31 Chinese and joint-venture operators, sparking speculation about their future operations in country.

Curfew was lifted on Thursday from all parts of the Kashmir Valley on the eve of Eid-ul-Fitr.

Indications of an 'Eid package' for Jammu and Kashmir were available today with the Centre considering amendments to the Armed Forces (Special Powers) Act or its partial withdrawal in the state at a meeting of the Cabinet Committee on Security (CCS) on Friday. These indications were available after a meeting between Jammu and Kashmir Omar Abdullah and Prime Minister Manmohan Singh when the Centre was urged to amend the AFSPA or its partial withdrawal from some of the districts in the state.

President Barack Obama on Thursday (September 8) underlined his determination to end tax loopholes that encourages incentives for investment in overseas jobs, saying he will provide a generous tax credit to companies that create more jobs in the US. Amid indication that outsourcing could become a hot issue in the November elections, Obama said that the tax breaks should go to companies that create jobs in the US and not overseas.