U.S. stocks fell on Tuesday after a prominent banking analyst warned the sector's fundamentals have yet to improve, and an unexpectedly large drop in wholesale inventories raised worries about an economic recovery.
Asian shares sagged on Wednesday after losses on Wall Street and as investors locked in profits as they waited to hear what the U.S. Federal Reserve would say about prospects for recovery in the world's largest economy.
Trump Entertainment Resorts' bondholders filed a motion Tuesday rejecting Donald Trump's plan to revamp the bankrupt casino company and are vying to submit a rival reorganization plan that offers them greater recovery.
The 16-year-old Disney starlet Miley Cyrus performed her hit new song
The final results of Michael Jackson's death have been completed but remain sealed while police continue their investigation.
Despite a relatively upbeat NAB survey on business conditions the Aussie dollar retreated from its intraday highs at 0.8380 in Asia yesterday dropping to a low of 0.8320 with the market questioning the sustainability of the recent rally in equities.
Bernard Madoff's long-time deputy, Frank DiPascali, on Tuesday pleaded guilty to financial crimes including helping others carry out Wall Street's biggest investment fraud, but shed little more light in court on the decades-long swindle.
Red hot auto sales under the U.S. government's cash for clunkers incentive began to cool as dealer inventories tightened and showroom traffic showed signs of leveling off from its frantic pace of a week ago.
Director Hayao Miyazaki is considered a master of animation in his native Japan, and when Disney releases his latest movie
After performing in more than 30 countries, ballroom dance company
Canadian John Wrenshall stands accused of bringing American child predators to Thailand to have sex with children, filming their crimes and then distributing the images over the Internet.
The Japanese yen rose broadly on Tuesday as investors bought the low-yielding currency as U.S. stocks declined and on rising risk aversion after disappointing economic data from China.
The Chevrolet Volt, the electric car General Motors Co is counting on to revitalize its lineup, is on track to achieve an unprecedented fuel economy rating of 230 miles per gallon in city driving, GM said on Tuesday.
The Chevrolet Volt -- the electric vehicle General Motors Co [GM.UL] is counting on to recharge its image with consumers -- is on track to hit an unprecedented fuel economy rating of 230 miles per gallon in city driving, the automaker said on Tuesday.
(Corrects name in paragraph 7 to Krebs instead of Kreb)
General Motors Co and eBay Inc are launching a test program in California that will allow consumers to negotiate with dealers and buy new vehicles online, the companies said on Monday.
Despite government rebates for hybrids offered to consumers in U.S. and Canada, the programs are failing to produce environmental benefits, yet the programs continue to cost consumers.
Lehman Brothers Holdings Inc can pursue claims on assets in a bankruptcy case expected to set a precedent for treatment of derivatives in complex investment products, a New York court said on Tuesday.
Frank DiPascali, 52, a long time employee and finance chief at Bernard Madoff's investment firm pleaded guilty to 10 counts of fraud in helping his former boss carry out a $65 billion Ponzi scheme.
President Barack Obama held a town hall meeting at Portsmouth High School in Portsmouth, New Hampshire on Tuesday.
Bernard Madoff's long-time deputy, Frank DiPascali, Tuesday pleaded guilty to crimes including helping others carry out Wall Street's biggest investment fraud.
