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A hedge fund manager is betting $1 billion that it is. The company denies it. It's remarkably difficult to tell who is right.

The NHL season is expected to start Saturday. A lockout cut in half the number of games to be played and many worried it would cause economic hardship. But that is not necessarily the case.

Victims of Hurricane Sandy are one step closer to getting a major infusion of federal disaster aid. Tuesday night, the House approved a $50 billion assistance package. This type of funding has typically been noncontroversial. But the Sandy aid has been a battle.

The earliest flu outbreak in years continues to claim victims. Businesses are taking a hit, too. They're faced with an unsolvable problem: If they tell too many sick employees to stay home, the work doesn't get done; those who do come to the office can spread germs.

The move came just hours after an All Nippon Airlines 787 was forced to make an emergency landing after the pilot detected an apparent problem with the planes electrical system.

Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent. A sharp slowing in the increase of gas prices was a major factor. The news means interest rates will likely stay low.

Although President Obama's major proposals, from banning assault rifles to more stringent background checks and ammunition limits, are being rolled out in the shadow of the school massacre in Newtown, Conn., their Capitol Hill prospects remain highly uncertain.

The Taliban claimed responsibility for a multi-pronged suicide bombing attack on Afghanistan's intelligence headquarters in Kabul in Wednesday. It was the second attack on the spy headquarters in little more than a month.

Interior Secretary Ken Salazar, the latest member of President Obama's Cabinet to announce his second-term departure, ran a department responsible for a half-billion acres of public land. But it's how he dealt with the oil industry and renewable energy issues that marked his tenure.

There were more than 500 homicides in the city last year. Officials and residents are counting on President Obama's gun control package to bring that number down. "We didn't want other parents to be like us," says one Chicago mom, whose son was shot to death on a city bus.