I heard something about Google has some priority for .us or .name domain names for assigning page rank to them.
For example, with the same situation for both a .at and .us domain name, the .us domain name will have higher page rank that .at.
I want to know is that correct or not?
No. Matt Cutts, head of the Google Web Spam team, explained a lot about TLDs in this video:
http://domainate.wordpress.com/2011/11/10/matt-cutts-discusses-new-top-level-domains-and-google/
There is no bias against TLDs, or as the article quotes:
Although the writer does add:
Some people later thought that Google would artifically favor new TLDs to make up for that, but here’s more on that:
http://domainate.wordpress.com/2012/03/15/matt-cutts-confirms-new-tlds-will-not-get-seo-preference/