Australia plans to buy 100 state-of-the-art U.S. jet fighters and double the size of its modest submarine fleet in a bid to keep pace with an Asian military buildup.

The U.S. is following a playbook in battling the new swine flu, a federal pandemic preparedness plan prepared in 2005.

General Motors says it will cut 21,000 U.S. factory jobs by next year and phase out its storied Pontiac brand as part of a major restructuring effort needed to get more government aid.

General Motors says it will announce details of its restructuring plan on Monday ahead of making an offer to bondholders to exchange debt for equity.

Airline booking fees charged by Travelocity, Orbitz and Expedia are on vacation through May. That’s giving travelers who had avoided those sites a reason to reconsider.

President Barack Obama came under fire Tuesday for including $80 million to close Guantanamo in a massive funding request to fight America’s wars in Iraq and Afghanistan.

The Treasury Department on Thursday defended the viability of its $1 trillion plan to get soured mortgage investments off of banks’ books after JPMorgan Chase’s chief executive said the company won’t participate.

The economic crisis has forced Harvard University to consider pausing a planned expansion in Boston.

Verizon Wireless is set to announce Thursday that subscribers on some qualifying plans will be able to pick five or 10 phone numbers that they can call for free, without drawing down their plan’s minutes.

Now that there’s a tentative agreement on the economic stimulus plan that President Barack Obama and other supporters hope will provide a considerable jolt to the economy, how long will it take to get infrastructure and other projects moving? And do econo