NEW YORK

China weighed in on Monday with a heavy dose of sarcasm regarding the recent controversy over U.S. Olympics team blazers, suggesting that perhaps members of congress should be banned from wearing anything or using any product that has been manufactured abroad.

Citigroup Inc.'s second-quarter profit fell 12 percent but its adjusted earnings-per-share beat estimates, the New York-based bank said Monday.

A compelling question concerning the nation's current political culture is: what has happened to the Republican Party? President Abraham Lincoln was the Republican Party's first president, elected in 1860. But do the values of today's Tea Party faction-dominated Republican Party match the values of Lincoln?

Seattle received a 67th minute goal from Fredy Montero to earn a point in MLS action.

NBC News announced Sunday night that it had officially severed its online relationship with the Microsoft Corp. (Nasdaq: MSFT) with respect to their joint news site MSNBC.com. NBC has acquired the MSNBC domain, paying Microsoft about $300 million for its stake in the site.

While plenty of lesser-known tech blogs have been reporting on the recent developments in the Apple world, major publications have been less enthusiastic about the news. On Sunday, however, the New York Times threw its weight behind rumors of a coming iPad with a 7.85-inch screen.

Oscar-winning actress Celeste Holm died on Sunday at home in New York at the age of 95. The actress was known for her work in Hollywood movies and in Broadway shows, but she will be best remembered for her Oscar-winning turn in Gentleman's Agreement.

Linsanity is no more. The New York Knicks have officially lost Jeremy Lin to the Houston Rockets, as a source reportedly tells ESPN's Stephen A. Smith that the Knicks do not plan to match Houston's offer sheet for the young star point guard.

Jason Kidd was arrested early Sunday morning and charged with misdemeanor DWI after hitting a telephone pole in Southampton, N.Y., just three days after signing a three-year $9.5 million contract with the New York Knicks, according to Southampton town police.

A photo from a New Jersey gay couple's engagement party has landed an anti-gay union organization in hot water, after it used the photo without permission in a political attack ad against a pro-civil union Republican in Colorado.

New York Knicks fans have been left asking what the plan is for Jeremy Lin after the team signed point guard Raymond Felton and jettisoned Landry Fields and Jared Jeffries in a major day of deals Saturday.v

Consider: at New York’s Stuyvesant H.S., one of the best in the country, more than 80 students are ensnared in a cheating probe of a city language exam administered last month. Cellphone accounts are intercepted by cops. Is anything electronic immune?

Gossip Girl missed out on this hot tip. According to a police report filed on July 8, Ryan Reynolds and Blake Lively are more than boyfriend and girlfriend - they are man and wife!

Student-loan debt levels are rapidly rising and recently topped $1 trillion in the U.S.. And communities in Kansas and New York are using the bait of paying off this debt to lure educated residents who they hope will help improve the economic, cultural, and social conditions of their respective regions.

La Jolla Playhouse on Thursday set off a social-media firestorm over the casting of its upcoming production of The Nightingale. Although the Hans Christian Andersen tale is set in Feudal China, the cast contains few Asian actors.

The top after-market NYSE gainers Friday were Saks Inc, MasterCard, EXCO Resources, Visa and Yanzhou Coal Mining. The top after-market NYSE losers were New York & Co, Omega Healthcare Investors, Bonanza Creek Energy, VimpelCom and Accuride Corp.

Because the bacterium Listeria monocytogenes was found in the Mexicali Cheese Corp.'s finished product, the U.S. Food and Drug Administration is warning people to neither consume nor purchase any of the company's products.

Gannett Co. Inc., publisher of USA Today and 81 local daily newspapers, is expected to have slightly lower revenue in the second quarter this year versus last year, as print advertising continues to weaken and the broader economy sputters at stall speed.

Orlando Magic superstar center-forward Dwight Howard could be headed to the Houston Rockets with Jeremy Lin after days of speculation he'd become a Los Angeles Laker. The Rockets package reportedly is better than any other offer the Magic have yet received.

For 223 years and running, France has celebrated the destruction of a prison with a massive bash called La Fête Nationale (French National Celebration) or quatorze juillet (July 14) -- better known to most of us as Bastille Day.

Ubisoft hasn’t been shy about revealing “Assassin’s Creed 3” footage and screenshots to eager fans. The latest clip from third installment in the history-based franchise was revealed at San Diego’s Comic Con festival, where new multiplayer screens and a walkthrough level was showcased.