NEW YORK

Fragrance maker Coty Inc. increased its bid to buy troubled Avon Products Inc. (NYSE: AVP), the world's largest direct sales beauty company, to around $10.7 billion on Thursday, putting more pressure on Avon's board to negotiate.

Mike Woodson says the Knicks will resign Jeremy Lin in the offseason

Miami finished off the Knicks in five games, while the Grizzlies forced a Game Six against the Clippers.

Federal Reserve Chairman Ben Bernanke, speaking via teleconference to a Chicago bankers' conference, took an uncharacteristic swipe at community banks on Thursday, suggesting that those institutions might not be as sure-footed as their balance sheets would have them appear.

Steve Nash could be headed to the New York Knicks next season.

Amar'e Stoudemire wasn't very friendly in this video.

The administrative court suspended the election after it emerged the date had been wrongly set by an independent electoral commission, and not by the military council who rule the country.

Carl Beane died on Wednesday, adding yet another storied voice to the list of great sports announcers we've lost in recent years.

President Obama will get the opportunity to re-voice his support for same-sex marriage at top-dollar fundraisers with George Clooney Thursday night in Los Angeles and Ricky Martin in New York City Monday, the former which is expected to rake in millions of dollars.

It seems that everyone cannot stop talking about Mark Zuckerberg's roadshow to the Facebook IPO, where he angered Wall Street bankers by donning his standard uniform, a hoodie and jeans. But Zuckerberg isn?t the only CEO of a company who chooses to dress down than don a suit. Here are photos of 13 other CEOs who rid of suits.

Chris Brown disses Rihanna in a new track, calling her like bad fur / every industry n**** done had her.

On Wednesday, ABC news anchor Robin Roberts say down with President Barack Obama for an historic interview. For the first time, Obama affirmed his evolved position on one of America?s most controversial issues. Read the full transcript here, courtesy of ABC.

Angelina Jolie did not invent the thigh-high split dress but she might as well have. From Kate Middleton to Anja Rubik, everyone seems to be Anglina Jolie'ing these days.

Vidal Sassoon's death yesterday at 84 years old brought out a startling admission among many in the Twitterverse: They didn't realize Sassoon, the iconic English-born hairdresser who has a line of hair products that bear his name, was actually a real person.

J.R. Smith indicated on Twitter last night they he's played his last game as a Knick.

Shares of AOL (NYSE: AOL), the No. 7 website, rose slightly after the company reported better-than-expected first-quarter results and promised to pass on $1 billion in patent payments to shareholders.

The U.S. trade deficit widened to $51.8 billion in March, up from a revised February figure of $45.4 billion, the U.S. Department of Commerce reported Thursday.

Art buffs witnessed breathtaking sales Wednesday with Roy Lichtenstein's famous masterpiece - the 'Sleeping Girl' - fetching a record-breaking $45 million at Sotheby's auction in New York.

Tuesday afternoon, as the 51 beauties of the Miss USA pageant, which takes place in Las Vegas on June 3, balanced themselves in high heels through a bumpy cruise on the Hudson river. The sightseeing trip was equal parts publicity junket and charity event: People were invited to make a $100 donation to the Breast Cancer Research Foundation for the privilege of hanging out in a boat full of beauty queens.

The Federal Aviation Administration is being urged to implement stronger oversight of air safety after officials found several safety rules violations on the part of air traffic controllers in New York.

Accusations that John Travolta sexually assaulted two masseurs in January have resuscitated chatter about his heavily debated sexuality. The actor's camp has denied the claims made by two unnamed men and he is expected to file a counter suit.