July 22, 2013 5:10 AM
A giant earthquake struck central China, killing at least 54 people and injured hundreds as many homes in affected areas collapsed. President Barack Obama will return this week to Knox College in Illinois to make what will be the first in a new series of economic speeches that White House aides say Obama intends to deliver over the next several weeks ahead of key budget deadlines. U.S. securities regulators were united in their decision to file civil charges against billionaire hedge fund owner Steven A. Cohen last week, in a high-stakes case that could result in Cohen being barred from the industry, people familiar with the case told Reuters. Some people are seeing the SEC's case against Cohen as an example of SEC Chair Mary Jo White's pledge to get tough and flex the SEC's enforcement muscles.