President-elect Barack Obama told CNBC he plans "a substantial overhaul" of financial markets in the coming months, including a major restructuring of regulatory agencies.
China has bought more than $1 trillion in American debt, but as the global downturn has intensified, Beijing is starting to keep more of its money at home - a shift that could pose some challenges to the U.S. government in the near future but eventually may even produce salutary effects on the world economy.
Actor Patrick Swayze, in his first television interview since being diagnosed with pancreatic cancer last year, said he was scared, angry and "going through hell" and may only have two years to live.
Windows 7 will be available to developers immediately, and to the general public on Friday, January 9. It will be a free download from Microsoft's site.
