UNITED STATES

American International Group Inc , the insurer that received billions of dollars in a U.S. bailout, said on Monday that it will pay newly-appointed Chief Executive Robert Benmosche an annual salary of $7 million.

Oil was steady above $67 a barrel on Tuesday, after falling the previous day to its lowest level in two weeks, amid persistent worries over the pace of the global economic rebound and revival in energy demand.

Asian shares clawed their way back from early lows on Tuesday following wild swings in Shanghai, as investors worried whether more bouts of profit taking will spell the end of the bull market that emerged from the financial crisis.

Asian stocks and the Australian dollar edged higher on Tuesday but shares in Shanghai were highly volatile, keeping nerves frayed about whether another bout of profit taking would hit global markets.

Asian stocks retreated on Tuesday, following Shanghai shares into the red and keeping nerves frayed about whether further profit taking will end the bull market that emerged from the financial crisis.

Market Wisdom or Hazard? Huge Credit Card Scam Caught; Justice for Broker Fraudster

Cable television's Sundance Channel on Monday unveiled a video-on-demand service offering documentaries and international films endorsed by Sundance festival founder Robert Redford and often available the same day the movies hit theaters.

Britain's Academy of Contemporary Music is opening its first U.S. branch in Oklahoma City, with ambitious plans to enhance touring opportunities in the region, as well as educate students for a career in the music business.

The chief regulator of U.S. commodities markets, Gary Gensler, is serious about limiting speculation in energy futures trading and will move to provide details about managed funds' contract positions in an attempt to make markets more transparent.

UBS will give U.S. authorities the names of about 5,000 wealthy Americans suspected of using the Swiss bank to evade taxes under a deal that will be formalized this week, a U.S. legal source said on Monday.

LONDON - Radiohead offered a new song for free download Monday, These Are My Twisted Words, which is available from the band's official Web site.

President Barack Obama on Monday called the conflict in Afghanistan a war worth fighting as he sought to stiffen U.S. public support before an election there this week that will test his new strategy.

Chrysler Group is planning to produce Fiat SpA's (FIA.MI) Fiat 500 subcompact at a Chrysler plant in Mexico, the Wall Street Journal reported, citing people familiar with the matter.

Michael Jackson's body will be buried at a Los Angeles cemetery on August 29, which would have been his 51st birthday, according to his father.

U.S. authorities announced what they believed to be the largest hacking and identity theft case ever prosecuted on Monday in a scheme in which more than 130 million credit and debit card numbers were stolen.

The rate of U.S. credit card defaults showed signs of stabilizing last month, an indication that American consumers may not be in as bad shape as feared despite job losses and the housing slump.

U.S. loan demand fell in the second quarter for every major category bar prime residential mortgages as banks tightened credit standards and borrowers remained cautious, central bank and government studies showed.

Reader's Digest Association Inc, whose namesake magazine has been a staple of dentists' offices for generations, said on Monday it planned to file for Chapter 11 bankruptcy for its U.S. businesses as part of a prearranged plan with lenders to cut debt by 75 percent.

As American consumers abandon gas-guzzling SUVs for greener alternatives, they also face a new kind of sticker shock -- confusing claims about the energy efficiency of electric cars heading for showrooms.

Stocks suffered their worst loss in seven weeks on Monday as weak data from Japan and a disappointing outlook from retailer Lowe's Cos dampened hopes about the economy's growth.

The rate of U.S. credit card defaults showed signs of stabilizing last month, an indication that American consumers are in better financial shape than feared despite job losses and the housing slump.