President Obama sent a letter Tuesday
to Congress urging lawmakers to eliminate $4 billion in annual
subsidies to oil companies so as to reinvest the money in clean
sources of energy.
A record number of Hispanics turned out to vote in last year's election, according to an analysis of new census bureau data by the Pew Hispanic Center.
U.S. home prices dropped in February with only Washington showing price gains in the month, a closely watched 20-city index said.
Business travel and spending grew at stronger-than-expected rates in 2010's fourth quarter, and business travel spending in 2011 is now expected to be even stronger than the 5 percent growth forecast in the first quarter, said the Global Business Travel Association.
Ford Motor Co. on Tuesday announced its most profitable first quarter in 13 years, as U.S. sales increased on the strength of small and midsize cars and cost-cutting in Europe resulted in a modest operating profit.
Mexican company Telcel, Latin America's largest mobile-phone operator, was fined around $1 billion by Mexico's antitrust authority.
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