UBS AG named investment banker Jim Spencer as head of banks in its North America financial institutions group, according to an internal memo obtained by Reuters on Tuesday.
Till now the question was whether a group of currencies would replace the dollar or even gold? Now, here comes the prediction amidst global warming and cllimate change concerns that carbon credit will replace the US dollar as the currency of international trading within five years.
Documents reviewed by Congress appear to show that Toyota Motor Corp consistently dismissed the possibility that electronic failures could be responsible for incidents of unintended acceleration.
Russia said on Friday Iran must cooperate more actively with the U.N. nuclear agency to convince the world its nuclear program is peaceful, and gave fresh signals the Kremlin may back sanctions.
U.S. health regulators approved Roche's (ROG.VX) blockbuster cancer drug Rituxan to treat the most common form of leukemia in adults.
The Pakistani military confirmed on Wednesday that the Afghan Taliban's top military commander, Mullah Abdul Ghani Baradar, had been captured.
The U.S. Army on Friday cleared Oshkosh Corp Friday to resume work on a $3 billion medium truck contract, after a month-long reevaluation of all three bids originally submitted for the work.
One of every five U.S. home owners owed more on their mortgage than their home was worth in the fourth quarter, a trend that poses a serious threat to the U.S. housing market's recovery, real estate website Zillow.com said on Wednesday.
Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
A Chinese-born engineer was sentenced Monday to more than 15 years in prison for hoarding sensitive information about the US space shuttle with the intent on giving it to China.
Teens today prefer Facebook to traditional blogging and Twitter, a new study found.
In the latest blow to Toyota Motor Corp, U.S. safety regulators opened a formal probe on Thursday into problems with the brakes of the Prius, the world's top-selling hybrid and a vehicle that has powered the automaker's reputation for fuel-efficiency.
U.S. safety regulators opened a formal investigation on Thursday into consumer complaints about braking on 2010 Toyota Motor Corp Prius hybrids.
A monthly gauge of online labor demand in the United States fell slightly in January as online recruitment activity remained subdued at the start of the year, a private research group said on Thursday.
The U.S. and Haitian governments are holding talks on the fate of 10 American missionaries accused of illegally trying to take children out of the quake-hit Caribbean country, U.S. Secretary of State Hillary Clinton said on Wednesday.
Home buyers in much of the United States paid thousands of dollars below asking prices in December and for the first time in 11 months gained negotiating power, real estate website Zillow.com said on Tuesday.
Gold prices retreated to hover near $1,080 on Monday after posting a third straight week of declines as investors remained wary of gains in the dollar which weaken bullion's appeal as a currency hedge. A U.S. proposal to limit bank risks continued to weigh on investor sentiment.
US Airways Group and JetBlue Airways Corp's posted quarterly results that beat expectations and sent their shares higher, underscoring a recovery in the industry clobbered recently by sagging travel demand.
At a time when India's steel industry is slowly rising prices, its counterparts in the US are struggling to do the same as the production costs have gone up. But, the US steel industry is very skeptical about the prices rise as the demand for steel is yet to pick up properly in the country. Even as India and China are witnessing a major surge in demand for steel, the US industry is still slowly picking up pace.
Ticketing giant Ticketmaster Entertainment and concert promoter Live Nation won U.S. antitrust approval to merge on the condition that Ticketmaster divests certain assets and license its primary ticketing software, the Justice Department said on Monday.
AIG's talks to sell its foreign life insurance business offer hope that U.S. taxpayers might recoup their investment in the bailed-out insurer, but it is far from getting off federal life support.
One can't think of futurology without mentioning George Orwell (1984 fame) or Alvin Toffler (Third Wave). Whenever, one comes across Futuristic predictions we get reminded of Toffler or Orwell.I was reminded of them when I read the latest provocative forecasts of the Futurist Magazine.
