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President Barack Obama says the upcoming presidential election isn't an abstract fight — it's about whether people will be able to find a good job with a living wage and get health care for their families.

NEW YORK (Reuters) - Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR. The company founded by Mark Zuckerberg in a Harvard dorm room in …

SAN FRANCISCO (Reuters) - Amazon.com Inc warned of a possible operating loss in the first quarter following a sharp drop in fourth-quarter profit, a sign that the online retailer will keep spending heavily on expansion at the expense of short-term returns. Shares of the company fell more than 8 percent. Amazon forecast …

WASHINGTON (Reuters) - Defense Secretary Leon Panetta faces an unexpectedly challenging NATO meeting this week that could expose embarrassing rifts in the Western alliance just as President Barack Obama prepares to host a summit of allied leaders this spring in the middle of an election year. The NATO meeting in Brussels …

WASHINGTON (Reuters) - Groups known as "Super PACs" raised more than $42 million to back Republican U.S. presidential contenders in 2011, according to campaign filings that show how new donation rules are allowing a relatively few wealthy Americans to shape the race. The reports filed with the Federal Election Commission …

NEW YORK (Reuters) - Home prices fell more steeply than expected in November, and consumers turned less optimistic in January, highlighting the hurdles still facing the bumpy economic recovery. After accelerating at its fastest pace in 1-1/2 years at the end of 2011, the U.S. economy is expected slow in early 2012. The …

(Reuters) - U.S. authorities are preparing to charge four former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said. Credit Suisse will not be charged in the matter, which is being …

ATHENS (Reuters) - Debt-laden and recession-hit Greece must accelerate structural reforms and slow down on deficit reduction, the head of the IMF's inspection team for Greece was quoted as saying on Wednesday. Austerity policies imposed on Greece in 2010 in exchange for a 110-billion euro EU/IMF bailout have prompted social …

WASHINGTON (Reuters) - Iran is feeling the bite from economic sanctions imposed over its nuclear program, which is capable of producing a weapon although Iranian leaders have not yet decided to do so, top intelligence chiefs told Congress on Tuesday. "The sanctions have been biting much, much more literally in recent weeks …

UNITED NATIONS/AMMAN (Reuters) - Arab and Western states urged the U.N. Security Council to act swiftly on a resolution calling for Syrian President Bashar al-Assad to step aside as his forces reasserted control of Damascus suburbs on Tuesday after beating back rebels at the gates of the capital. The comments appeared designed …

WASHINGTON (Reuters) - The United States is headed for a fourth straight year with a $1 trillion-plus budget deficit, congressional forecasters said on Tuesday, giving Republicans ammunition to hammer President Barack Obama's spending record in November's elections. The non-partisan Congressional Budget Office said the …

ATHENS (Reuters) - Greece must make "difficult" decisions in the coming days to clinch a debt swap agreement and a 130 billion euro bailout package needed to avoid an unruly default, the government said on Tuesday. Near-bankrupt Greece is struggling to convince skeptical lenders it can ram through spending cuts and labor …