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Chrysler Group and Tesla Motors, run by two of the most outspoken CEOs in the auto industry, are trading zingers over the help each company received from the federal government.

On Thursday, President Barack Obama is scheduled to deliver a major speech in Washington about his administration's counterterrorism policies, focusing on the rationale and legal framework for the controversial CIA drone program and his plans to wind down the prison camp at Guantanamo Bay.

A wave of selling hit Wall Street early Thursday as markets tumbled from Tokyo to London, but the U.S. stock losses ebbed in early trading.

A top AEG executive referred to Michael Jackson as "a freak" and another called him "creepy" just hours before their company signed the pop icon to a huge concert deal.

New home sales edged slightly higher once again in April as the housing market continues to give a lift to the U.S. economy.