Republican presidential candidate Mitt Romney sat for a hastily arranged flurry of TV interviews Friday, strongly denying he had any role in running Bain Capital at a time when, according to reports, the company invested in firms that outsourced jobs overseas.
He also called for an apology from President Obama for statements by his campaign that Romney said were beneath the dignity of the presidency.
It was one of the few issues, both Republicans and Democrats in Congress agreed on: They were outraged that the uniforms to be worn by U.S. Olympic athletes at the London Summer Games were made in China.
As we told you, Senate Majority Leader Harry Reid went so far as to say that the Olympic committee should "put [the uniforms] in a big pile and burn them."
Once upon a time — just a few weeks ago, in fact — the story of Bain Capital was a useful and easy one for Mitt Romney. His years running the private equity firm had taught him how jobs are created, a skill he would bring with him to the White House.
And what of the negative consequences from Bain's involvement in various companies? The layoffs? The plant closings? The outsourcing of jobs to China?
Mitt Romney is the most famous Mormon running for office this fall. But he's far from the only one.
In Arizona, two other members of the Church of Jesus Christ of Latter-day Saints — Rep. Jeff Flake and businessman Wil Cardon — are vying for the Republican nomination for the U.S. Senate.
All three candidates have said they'll be tough on immigration. And while Mormons in Arizona have been closely identified with conservative politics, the immigration debate has exposed a rare divide on the issue.
When a private firm failed to meet its promise of providing enough guards for the Olympics, the British military was called in to "mind the gap" in security.
But even though the government is bringing in those troops — as well as RAF Typhoon combat jets, surface-to-air missiles on rooftops, and an aircraft carrier on the River Thames — organizers say it will still look like the Summer Games, and not war games.
It's not often that one of the world's biggest companies says, "We goofed."
But in a surprising turn of events Friday, Apple admitted it made a mistake in pulling out of an environmental rating system for computers and other electronics. The company said it would rejoin the so-called EPEAT certification system, placing all 39 of its originally certified products back on the list. The company is also requesting certification for more products, including its new MacBook Pro model.
Visa and Mastercard have announced that they will pay retailers more than $6 billion to settle several class-action and individual lawsuits retailers have filed since 2005.
According to a Wall Street Journal story from earlier this month, the settlement stems from complaints that Visa and MasterCard, the largest card-payments networks in the world, prohibited retailers from imposing surcharges to customers using those credit cards.
As the financial crisis began to unfold in 2007, the New York Federal Reserve learned that some banks might have intentionally underestimated the rates they expected to pay for loans from other banks.
Documents the New York Fed released Friday, in response to a request from Congress, show that the banking regulator began to be concerned about the accuracy of LIBOR — or the London Interbank Offered Rate — late in 2007.