In a bombshell research note that is making the rounds of Wall Street this morning, Glenn Schorr, the financial services sector analyst for Nomura, cut his estimate for Goldman's fourth-quarter earnings to $1 per share, half of his previous $2 prediction. That's less than half of what the consensus expectations are. Other bank estimates were also taken down.
New York police said Jerome Isaac, the man arrested this weekend in connection with burning to death a 73-year-old woman in Brooklyn, may have been motivated to commit the crime because of an alleged $2,000 unpaid debt. Isaac is now facing murder and arson charges and is expected to go before the court on Monday.
Sailors had roughly 30 minutes before freezing to death in the icy cold waters of the Sea of Okhotsk where the floating platform listed in heavy seas and sank.
A former New York University professor is claiming that he was fired after giving Hollywood beau James Franco a D in one of his classes.
Former two-time All Star point guard Baron Davis is expected to sign with the New York Knicks on Monday.
Students are getting into trouble for Tebowing in school hallways, but Tim Tebow's memoir, Through My Eyes, still saw a surge in sales last week, the New York Post reported.
Longtime film and T.V. actor Dan Frazer, best known for his role as Captain Frank McNeil on the 1970s television crime series Kojak, died in his New York City home on Friday at the age of 90, according to reports.
More Americans are ending up never getting married -- in 2010, 72 percent of U.S. adults had been wed at least once, down from 85 percent in 1960.
State police and the FBI continue searching for missing 20-month-old Ayla Reynolds who vanished from her bed Friday night in Waterville, Maine.
President Barack Obama's backtracking from his earlier stand to veto the 2012 National Defense Authorization Act (NDAA) has put Americans under the risk of losing their human rights. The Senate and Congress have already passed the bill and Obama now seems ready to sign a piece of legislature that could become a draconian piece of legislature making U.S. citizens vulnerable to legal abuse.
The report said Vanessa Bryant had caught her husband cheating with multiple women but the latest was the proverbial straw that broke the marriage. RadarOnline is linking Bryant to one of Kim Kardashian's best friends. She is reportedly 27-year-old Carla DiBello, a producer on the reality TV series Keeping Up with the Kardashians and Kourtney and Kim Take New York.
A tax break for 160 million American workers was in doubt Monday in the face of strong opposition from Republicans in the House of Representatives who have rejected a two-month extension overwhelmingly approved by the Senate over the weekend.
Republican White House hopeful Mitt Romney receives millions of dollars a year in a retirement agreement with Bain Capital, nearly 13 years after he left the private equity firm he helped start, the New York Times reported Monday.
Veteran television and film actor Dan Frazer died in New York on Friday at the age of 90. He was best known for his role as Captain Frank McNeil, on the TV series Kojak which lasted for 5 seasons.
Wow, the NYPD mobilized a massive sting operation to arrest 141 guys who were selling hot iPhones. Where are all the undercover guys pretending to be clients of high-end financial houses getting those guys on a wire and busting them?
One day after saying he favored the payroll tax reduction extension agreement approved by the U.S. Senate, House Speaker John Boehner, R-Ohio, said he and his caucus will oppose the tax reduction deal. Boehner said House Republicans now want additional budget reductions to finance the extension agreement.
Jerome Isaac was arrested for murder on Sunday when he turned himself into police after he burned an elderly woman named Delores Gillespie alive in the elevator of her Brooklyn apartment building.
The real purpose of the SOPA and NDAA bills is to target Occupy Wall Street, Anonymous and other web-based movements that have fueled revolutionaries both here and abroad.
The fate of an expiring tax break for 160 million American workers was in doubt on Sunday after the top Republican lawmaker declared his opposition to a two-month extension passed overwhelmingly by the Senate.
Nothing sharpened Christopher Hitchens' mind like cancer.
Recently released Cleveland Cavaliers guard Baron Davis is expected to sign with the New York Knicks, according to a report.
On Saturday night in Tampa, Romo led the Cowboys to a resounding 31-15 win over the lackluster Tampa Buccaneers. Romo three for three touchdowns and ran for a another score in leading the Cowboys, now in first place in the division, to the win.