The White House said Monday legislation in the Senate that would give employers broad leeway to restrict coverage for contraception is "dangerous and wrong."

Most of the cuts at Labor would come from an expected decrease in spending on unemployment insurance programs as the overall unemployment rate declines and fewer people claim benefits.

The Federal Reserve delayed its decision again on Capital One's proposed $9 billion acquisition of ING Direct.

Federal officials say Rhode Island Hospital has agreed to pay $5.3 million to settle claims that doctors billed Medicare and Medicaid for medically unnecessary overnight hospital stays.

Watson Pharmaceuticals Inc. said Friday it is challenging Bayer's patent on the birth control pill Beyaz.

An Illinois man has been sentenced to more than three years in federal prison for shipping unwanted penis enlargers to diabetes patients in a scheme to bilk Medicare of more than $2.2 million.

Clinical lab services company Laboratory Corp. of America Holdings reported Friday that its fourth quarter earnings edged up 3 percent as revenue and expenses both rose.

Israel's largest labor union launched an open-ended nationwide strike for the first time in five years on Wednesday, shutting down national and local government offices, banks, the stock exchange, rail service and seaports.