China's announcement that construction was down and manufacturers bought less factory equipment in April drove oil prices down and caused concerns that the global economy was slowing down. These concerns were reflected in market activity.
Following Thursday's financial earthquake at JPMorgan Chase & Co., fingers are pointing to Bruno Michel Iksil, who recently boasted that he could walk on water -- suggesting the French trader's ego is as outsized as the nemesis in Melville's novel from which his nickname the White Whale originates. Whether or not Iksil's reputation will go from fearsome whale to Jonah after he's blamed for the storm and tossed overboard is not yet known.
Glee co-creator Ryan Murphy is yet another Hollywood star to host a fundraiser for U.S. President Barack Obama in the wake of the public support he expressed for same-sex marriage on Wednesday.
The now-familiar call for Washington to lower energy costs by increasing domestic production of oil may not be the most effective policy, according to this month's Congressional Budget Office report on the nation's energy security.
An auction of Chinese dissident artist Ai Weiwei's porcelain sunflower seeds at Sotheby's in New York on Wednesday has fetched almost $800,000 - but it's unclear how much of the money will find its way to the hundreds of Chinese workers who made them.
U.S. Securities and Exchange Commission (SEC) regulators are monitoring JPMorgan Chase & Company (NYSE: JPM) following the disclosure that the bank lost $2 billion in bad hedging action carried out by the so-called Whale of London, SEC Chairwoman Mary Schapiro said Friday.
The story around the highly publicized sexual assault lawsuits filed against John Travolta by two masseurs continues to raise eyebrows. Earlier this week two unnamed men filed lawsuits against the actor claiming that he sexually assaulted them during a massage. Yet TMZ released proofthat the actor has was in New York on January 16th when the first incident allegedly took place in Beverly Hills.
Vince Young signed a one-year deal to become the backup quarterback in Buffalo.
Rather than deal with business, directors of Yahoo (Nasdaq: YHOO), the No. 3 search engine, have been busy all week in the ?resume embellishment? scandal that forced one director to quit and put the CEO under a cloud.
President Barack Obama's Los Angeles fundraiser with George Clooney broke records Thursday night, capping off a cash boost that came off of his endorsement of gay marriage earlier this week.
Two men were killed on Thursday in what the New York City Police Department described as a murder-suicide in the lobby of a Queens hotel.
Former Houston Chronicle journalist Sarah Tressler, who was fired after her stripper past came to light, is suing her former employer and claiming her dismissal was due to gender discrimination.
In a vote that solidifies the Republican Party's economic platform heading into the 2012 election, the House voted on Thursday to reverse mandated cuts to the Pentagon by slashing social assistance programs that largely benefit poor Americans.
Edward Klein's unauthorized biography contains several alleged, bombshell revelations.
Here is the video of Kate Upton falling down after leaving the Met Gala.
A new study suggests children born with a range of birth defects are at an increased risk of developing certain childhood cancers, especially during their first year of life.
Mike Woodson announced that Jeremy Lin will absolutely, be a Knick next season.
China Thursday ordered four international auditing firms in the country to hire Chinese nationals in a bid to suppress foreign control of their operations in the country.
Vice President Joe Biden reportedly apologized to President Barack Obama on Wednesday for appearing to pressure him to accelerate his endorsement of same-sex marriage after speaking out on NBC's Meet the Press on Sunday.
The battle for control of Yahoo (Nasdaq: YHOO), the No. 3 search engine, will be fought next Thursday, the company confirmed.
Republicans in the U.S. House of Representatives added amendments to a Justice Department funding bill that would restrict taxpayer money from litigation involving voter ID laws, the health care law and other politically-divisive issues.
AngloGold Ashanti Limited (NYSE: AU), the largest gold miner in Africa, said Thursday its profit more than doubled in the first quarter, when compared to year ago results, despite decreased output.
