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Auto sales may see bumpy growth in new markets

The source of the auto industry's growth has seen a permanent shift to emerging markets that appear promising but also hold great risks, according to an AlixPartners study released on Wednesday.

Anders Breivik Gets a Fanbase: Most Ominous Quotes From His Manifesto

Anders Breivik butchered scores of innocent people because he wanted to draw Europe's attention to the feared 'Islamization' of the region. The mindless brutality of his killing spree shocked the world, but he has earned some fans thanks to the inhuman deed. The following are some ultra-fundamentalist positions of Breivik, taken from a 1500-page manifesto, which he released hours before the attack, titled '2083, A European Declaration of Independence.'

U.S. Rating Agencies Still Behind the Curve

The Fitch Ratings building is seen in New York

It is understandable that foreign investors have been losing confidence with the U.S.?s ability to deal with its debt issue

To match Special Report SEC/INVESTIGATIONS

SEC builds new tips machine to catch the next Madoff

For more than three years, U.S. securities regulators investigated allegations of accounting fraud at a small telecom firm called China Voice Holding Corp, but could not make a case.

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Rival U.S. Debt Plans in Doubt

Republicans and Democrats rushed to rework rival deficit reduction plans on Wednesday, but with the fate of both proposals heavily in doubt top lawmakers pursued a behind-the-scenes compromise to avert a crippling U.S. default.

ArcelorMittal South Africa H1 dives, sees tough Q3

Higher input costs and a strong rand led to a 63 percent drop in ArcelorMittal South Africa's first-half profit and the steelmaker forecast a difficult third quarter on Wednesday, sending its shares to a 28-month low.

A Chinese doctor stands by the doorway as he is surrounded by patients suffering psychiatric problem..

Depression Rates Higher in Wealthy Countries: Study

Depression rates are higher in countries with higher incomes, a study found. 121 million people worldwide suffer from depression and rates are disproportionately high in countries with higher incomes. Depression significantly decreases quality of life and inherently comes with distorted, irrational, and negative thinking patterns.

Phelps reasserts authority with butterfly win

Michael Phelps is used to celebrating 200 meters butterfly victories but the American's gold medal at the world swimming championships on Wednesday was particularly sweet.

Phelps makes statement one year out from London

Relief was etched all across Michael Phelps' face Wednesday after the American won his first gold medal of the world swimming championships in Shanghai, one year to the day before he begins his final Olympics campaign.

Fund managers line up defensive options

Fund managers are weighing up their defensive investment options as a litany of poor economic indicators from the UK, Europe and the United States hammers home fears another global recession is on its way.

Bid to break debt impasse faces new obstacles

A Republican proposal to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of a debt default and a ratings downgrade as the clock ticks toward a deadline less than a week away.

Tropical Storm Displaces Thousands in Philippines

Nok-Ten has flooded a number of provinces on the northeast island.

First Taste of the Mango Phone [VIDEO]

The first smartphone based on the new "Mango" edition of Microsoft's Windows Phone platform was unveiled on Wednesday in Tokyo, PCWorld reported. It will help increase Microsoft's share in the smart phone market.

Taiwan Insists It Will Buy U.S. Military Aircraft Despite China?s Objections

Taiwan initially applied to acquire 66 aircraft from the U.S., reportedly to deter China, however, Washington has apparently postponed closing the deal out of concerns for Beijing.

Michael Phelps Wins First Gold, Qualifies for 200m Individual Medley (PHOTOS)

Olympic champion, Michael Phelps collected all his strength on Wednesday and proved his superiority at the World Swimming Championship in Shanghai by winning 200m butterfly race.

U.S. President Barack Obama (R) and House Speaker John Boehner (R-OH)

Obama seeks "Plan B" as debt plans stall

A Republican plan to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of default and a ratings downgrade as the clock ticks toward a deadline less than a week away.

UBS cuts RIM price target on competitive threat

Research In Motion is still in the early stages of a software transition and faces daunting competition from Apple , Google and later Microsoft , a UBS analyst said on Wednesday.

Pre-Market NASDAQ Movers (QCOR, CAMP, TSRX, RFMD, AMZN, AFFY, ILMN, PFCB, CIEN, JDSU, LVLT, VMED)

The top pre-market NASDAQ Stock Market gainers are: Questcor Pharmaceuticals, CalAmp, Trius Therapeutics, RF Micro Devices, Amazon.com, and Affymax. The top pre-market NASDAQ Stock Market losers are: Illumina, P.F. Chang's China Bistro, CIENA, JDS Uniphase, Level 3 Communications, and Virgin Media.

Dunkin' Brands IPO Priced Well Above Estimates

Dunkin' Brands (DNKN.O) has raised $422.75 million after pricing its IPO at $19 per share, well above the range set by underwriters, signaling strong demand for this week's biggest deal.

Daimler sees emerging market car demand cooling

German car and truck maker Daimler missed quarterly revenue forecasts and warned strong demand for cars in the key emerging markets of China and India is likely to slow sharply.

Nippon Steel sees post-quake profit recovery, JFE lags

Nippon Steel Corp <5401.T>, Japan's top steelmaker, forecast profits to rise this year as a slow global economic rebound bolsters demand, outperforming smaller rival JFE Holdings Inc <5411.T> which expects earnings to dwindle on tough competition in Asia's export markets.

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