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Former IMF Director Dominique Strauss-Kahn

New York Prosecutors Set to Drop Strauss-Kahn Case

Prosecutors on Monday appeared set to drop sexual assault charges against former IMF director Dominique Strauss-Kahn, a stunning reversal in the case against a man who many had seen as the next president of France.

Unemployment Rate Rises in 28 States in July as Companies Adopt Cautious Stance

U.S. Job Market
The unemployment rate rose in more than half of the nation's states in July, as the slowdown in economic growth prompted companies to take a wait-and-see stance regarding new hires. The major period of lay-offs appears to be over, but the hiring has not resumed en masse, which has kept the nation's unemployment rate stubbornly high at 9.1 percent,
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Samsung

Samsung C&T Eyes Buying Apollo's Parallel Petroleum

South Korean trading firm Samsung C&T (000830.KS) said on Monday it was considering taking over independent U.S. oil firm Parallel Petroleum, which a media report said might be worth about $920 million.
U.S. Federal Reserve Chairman Ben Bernanke

Is this the Week Fed Chairman Ben Bernanke Starts QE3?

With the U.S. recovery having slowed considerably, and Europe debt woes persisting, investors will look to Fed Chairman Ben Bernanke's Jackson Hole, Wyo. speech later this week to provide clues regarding the central bank's evaluation of the economy, and at what point it thinks additional stimulus would be needed.
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Gold Price Just $2 Shy of Record High $1,900

The price of gold early Monday came within $2 of a record high $1,900 per ounce before settling back to 1.2 percent gain over Friday's closing price as a host of global economic worries drove investors into the security of the world's oldest form of money.
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NASA Does not Think that Aliens Will Destroy Earth

A study that evaluates sci-fi scenarios for extraterrestrial encounters, published in the journal Acta Astronautica, said that E.T. could decide whether we're a threat to intergalactic order and may try to kill us. At the heart of these scenarios is the possibility that intrinsic value may be more efficiently produced in our absence, the researchers wrote.
U.S. Secretary of State Hillary Clinton

U.S. Reiterates Call for Iran to Release American Hikers Bauer, Fattal

U.S. Secretary of State Hillary Clinton Sunday reiterated the nation's call for Iran to immediately release U.S. citizens Shane Bauer and Joshua Fattal, two hikers who were sentenced to eight years in prison, after being imprisoned for more than two years for allegedly trespassing into Iran, which they deny.

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