NEW YORK

Back in the day a million dollars would buy you a solid piece of Manhattan real estate, now it can buy you a 12 foot parking space.

Publisher Houghton Mifflin Harcourt filed for Chapter 11 bankruptcy protection Monday to restructure $3.1 billion in debt and reduce annual interest costs by around $250 million.

Facebook's stock tumbled down past its offering price in morning trading on Monday, May 21, and stayed below that level, following a less than stellar debut. Wall Street insiders are attacking the much-hyped social network stock saying that they essentially scared away investors.

China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.

Mitt Romney surrogate and real estate mogul Donald Trump disagrees with the presumed Republican nominee on using Rev. Jeremiah Wright in attack ads against President Obama.

Former CEO of Yahoo (Nasdaq: YHOO), the No. 3 search engine Scott Thompson resigned as a director of Spunk (Nasdaq: SPLK), a week after quitting his job at Yahoo.

Researchers found that more than 2,000 defendants who were falsely convicted of serious crimes have been exonerated in the past 23 years.

Billionaire Carl Icahn raised his share in CVR Energy Inc. (NYSE: CVI) to 80 percent and is completing the replacement of the nine-member board of directors after winning the support of shareholders in the Texas-based refiner and marketer of transportation fuels.

Led by New York's Eric Schneiderman, a group of 23 Democratic and Republican attorneys general asked the U.S. Supreme Court Monday to uphold Montana's ban on direct corporate spending in local campaigns.

Tomislav Nikolic, a former extreme-nationalist who now leads the Serbian Progressive Party, was named the victor of Sunday's presidential elections in Serbia, beating incumbent President Boris Tadic of the Democratic Party.

Graduation speeches don't always have to be a bore. Here are seven graduation addresses delivered to the Class of 2012 that imparted nuggets of wisdom. Others just plain made us laugh and some mixed both sound advice with comedic moments.

Are Erin Andrews and Chace Crawford dating? The word on the street is that the ESPN it girl and Gossip Girl guy have been seen out together in New York City a number of times recently.

JPMorgan Chase & Co. (NYSE: JPM) suspended its share-buyback program on Monday, a move CEO Jamie Dimon said was intended to preserve capital.

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Monday that the bank had suspended repurchases of its stock, but is maintaining its dividend, while working down losing trades in credit derivatives.

The labor organizer who became a major voice in the late U.S. Sen. Ted Kennedy's successful 1994 U.S. Senate campaign against Mitt Romney resurfaced in another Obama re-election ad that hits Romney on his record at Bain Capital.

Raven Symone has been at the center of a tornado of gossip regarding her sexual orientation. The National Enquirer published a story that the 26-year-old actress is planning to come out as a lesbian and make public her romance with ?America?s Next Top Model? contestant AzMarie Livingston. The star recently took to Twitter to address rumors of her coming out.

Barclays PLC, the UK's second-largest bank by asset, said Monday it plans to sell its entire $6.1 billion stake in U.S. asset manager BlackRock Inc., as the tougher global regulatory environment has made such holding less attractive.

A Chinese conglomerate will buy a major U.S. cinema chain, AMC, for $2.6 billion, in China's biggest takeover of an American company to date.

Robin Gibb has died after a long battle with liver and colon cancer, his spokesperson has confirmed. He was 62 years old.

The Great Googamooga festival takes over Brooklyn's Prospect Park.

I have never understood the public's obsession with the wealth and personal lifestyles of celebrities and the super-affluent