The first weeks of the new year will be an early test of how the president will deal with a divided Congress and whether he can build on the victories he secured during the final days of the lame-duck legislative session.
After months of wrangling and delays, President Barack Obama has chosen a national cyber security coordinator to take on the formidable task of organizing and managing the nation's increasingly vulnerable digital networks.
Japanese electronics company Pioneer Corp. will cut 10,000 jobs globally to cope with sinking sales of car audio equipment and flat-screen TVs. It will also withdraw from its money-losing plasma display business.
Panasonic Corp., sinking into its first annual loss in six years, said Wednesday it was slashing about 15,000 jobs and shuttering 27 plants worldwide, joining a string of Japanese companies making deep cuts as they cope with the global slowdown.
Two engineers from China who pleaded guilty to the rare charge of economic espionage against the U.S. are facing sentencing Friday, in a case that highlights national security threats surrounding sensitive technologies.
Toshiba's decision to no longer develop, make or market high-definition HD DVD players and recorders will mean consumers can start feeling more confident about buying the victorious rival technology - a Blu-ray disc player.