Stocks rose on Monday as higher oil prices lifted shares of energy companies and investors bought shares to improve their holdings on the day before the second quarter draws to a close.
Some hotels are renowned for their views or for their service. Others are famed for the outrageous, flamboyant or destructive behavior of their guests.
Ford Motor Co expects its U.S. sales for June will decline by less than 20 percent, giving it a higher share of the largest auto market amid early signs that demand has begun to stabilize, an executive said on Monday.
Congress is eyeing ways to make sure speculative trading helps commodity markets rather than distorting pricing signals, U.S. Agriculture Secretary Tom Vilsack said in a Reuters Television interview Monday.There are concerns, Vilsack said, noting he has spoken about the issue with Tom Harkin, chairman of the Senate Agriculture Committee.I suspect that there will probably be an effort to make...
Disgraced financier Bernard Madoff was sentenced to 150 years in prison Monday for perpetrating Wall Street's biggest and most brazen investment fraud, the maximum punishment allowed for what the judge called extraordinarily evil crimes.Cheers and applause came from the courtroom -- filled with his fleeced investors -- as the judge handed down the penalty, apparently unconvinced that Madoff h...
Disgraced financier Bernard Madoff was sentenced to 150 years in prison on Monday for perpetrating Wall Street's biggest and most brazen investment fraud, the maximum punishment for what the judge called an extraordinarily evil crime.Cheers and applause came from the courtroom -- filled with his fleeced investors -- as the judge handed down the penalty.Madoff, 71, stood passively with his hands c...
The King of Pop Michael Jackson once wished his funeral to be greatest show on earth.
Comcast Corp, the largest U.S. cable operator, said on Monday it is introducing a wireless service for subscribers to access the Web beyond their homes anywhere within the United States.The so-called fourth-generation (4G) wireless service, is the first execution of a partnership between Comcast, Clearwire Corp and other companies that use the emerging WiMax high-speed mobile technology.Many consu...
Comcast Corp, the largest U.S. cable operator, said on Monday it is introducing a wireless service for subscribers to access the Web beyond their homes anywhere within the United States.The so-called fourth-generation (4G) wireless service, is the first execution of a partnership between Comcast, Clearwire Corp and other companies that use the emerging WiMax high-speed mobile technology.Many consu...
Celebrities and hip adults aren't the only people flocking to Twitter, the social-networking site. Even centenarians have learned to tweet.Three percent of U.S. centenarians questioned in a new survey said they use the service that allows users to send short text messages, or tweets, of up to 140 characters at least once a week to keep in touch with their friends and family.Another 10 percent sen...
The European Union Chamber of Commerce in China urged Beijing to reconsider implementing a controversial Internet filter, saying on Monday it raised serious concerns about security, privacy and user choice.The EU Chamber said it supported measures to protect children from potentially harmful content on the Internet, but this goal could be better achieved through a healthy and open dialogue on pare...
Dozens of shoes dangle from a wrought-iron fence surrounding a 19th century mansion for battered women and children, which plans to close its doors on July 1.
The credit card industry will continue to provide one of the most lucrative returns of the asset classes within banks' portfolios even after new U.S. credit card rules are put in place, analysts at Keefe, Bruyette and Woods said.Congress is mulling regulations on interchange rates -- fees retailers and merchants have to pay to banks that issue credit cards. The legislation would give merchants an...
Stocks rose on Monday as higher oil prices boosted energy shares, and signs of life in the global economy and overseas markets renewed investor optimism on the prospects of a recovery.Oil futures jumped almost 3 percent after Nigerian militants said they attacked a Royal Dutch Shell facility and the U.S. government said oil demand in April was revised upward from a previous estimate...
U.S. copper futures climbed to a two-week high early Monday, as investors over-looked an overnight confirmation that China has halted its red metal purchases and bid the market up in line with equities.
Disgraced financier Bernard Madoff heard scorn from his victims on Monday at a sentencing hearing at which he will learn his punishment for running Wall Street's biggest and most brazen investment fraud.Emotional victims asked Judge Denny Chin to impose the maximum sentence of 150 years, an effective life term for the 71-year-old Madoff.How could somebody do this to us? How could this be real? ...
Israel's Defense Ministry said Monday it had approved construction of 50 new homes at a West Bank settlement as part of a plan for 1,450 housing units, an expansion that defies a U.S. call for a settlement freeze.
Financial products should be treated like medicines and sold to consumers only when they are certified safe to prevent a repeat of last year's financial meltdown, the world's central bankers said on Monday.The Bank for International Settlements , which acts as a forum for central banks, said government efforts to revive the global economy might have only a temporary impact because banks are not ...
Asset management and servicing giant State Street Corp said it might face civil charges by U.S. securities regulators for exposing investors to losses on subprime mortgages.The company said on Monday that Securities and Exchange Commission staff had issued a Wells notice to its banking unit on Thursday regarding disclosures and management by State Street Global Advisors of acti...
Leftist Latin American leaders rallied around ousted Honduran President Manuel Zelaya on Monday and tried to thrash out a response to an army coup that sparked protests in the impoverished nation and drew worldwide condemnation.
Audiences worldwide flocked to the film in theaters, with a global take of $387 million. In its weekend run, it earned $112 million over the weekend, as measured from Friday to Monday.
Financial products should be treated like medicines and sold to consumers only when they are certified safe to prevent a repeat of last year's financial meltdown, the world's central bankers said on Monday.The Bank for International Settlements , which acts as a forum for central banks, said government efforts to revive the global economy might have only a temporary impact because banks are not ...
