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IMF Sees 2011 Global Growth Slowdown, Risk of Developed World Double-Dip Recession

Strong policies are urgently needed to increase economic growth and reduce the risk of a double-dip recession in the developed world, the International Monetary Fund (IMF) said in its revised World Economic Outlook. The IMF also decreased its 2011 global GDP growth forecast to 4 percent, down 0.3 percentage points from the June 2011 forecast.

News Corp share buyback crosses $1 billion mark

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Rupert Murdoch's News Corp bought back more than $1 billion of its shares in the last month, according to a filing, as it seeks to improve relations with shareholders frustrated by what they say is the media company's unpredictable capital allocation strategy.
The headquarters of Oracle Corporation are shown in Redwood City, California February 2, 2010. Picture taken February 2, 2010.

Oracle Earnings: Is the Giant Slowing Down?

Database giant Oracle reported its first quarter net income jumped 36 percent to $1.8 billion, exceeding analyst estimates, as revenue rose a more modest 12 percent to $8.4 billion.
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Gay rights

'Don't Ask, Don't Tell' Becomes History Tuesday; Open Service for Gays Begins

Joining a club of countries like Canada, Germany, Israel and the UK, the United States on Tuesday has become the 30th country to allow open military service. After a long period of 18 years, the controversial don't ask, don't tell policy banning homosexuals on serving in the U.S. military has been repealed.
Spain's Jose Maria Olazabal tees off on the eighth hole during the second round of the 93rd PGA Championship golf tournament at the Atlanta Athletic Club in Johns Creek

Ryder Cup Captain Slams Seve Trophy No-Shows

Ryder Cup captain Jose Maria Olazabal has slammed the likes of major champions Rory McIlroy, Martin Kaymer and Graeme McDowell for not making the effort to compete in the Seve Trophy.
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Online gaming firm 32Red eyes newly licensed markets

With the regulatory environment easing in Europe, online betting and gaming operator 32Red looks to enter licensed markets, particularly Italy, and expects to surpass market estimates for 2011, its chief executive said.
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UK's Cable plans clampdown on executive pay

British companies will be required to publish more details on the pay packages of top executives under a government drive to fix a disconnect between remuneration and corporate performance, Business Secretary Vince Cable said on Monday.
Miss Angola Leila Lopes is crowned by Miss Universe 2010 Ximena Navarrete of Mexico after being named Miss Universe 2011 in Sao Paulo

Miss Universe Scandal: Could Leila Lopes Lose the Crown?

Miss Universe Scandal: The Miss Universe Organization is investigating claims that Lopes falsified documents during the Miss Angola UK pageant earlier this year. The English competition helped her reach the Miss Universe pageant held in Brazil this month.

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