United Tech makes biggest bet ever on Goodrich
United Technologies Corp's <UTX.N> Louis Chenevert placed the biggest bet of his tenure as chief executive with a $16.5 billion cash deal for aircraft components maker Goodrich Corp <GR.N>.
Wall Street extends slide as Fed stokes economic fears
Stocks skidded 3 percent on Thursday, extending losses for a fourth day as a gloomy outlook from the Federal Reserve and weak data from China heightened fears of a global recession.
UK Grants First Embryonic Stem Cell Research: How Safe is the Treatment?
Drug regulators have granted approval to Advanced Cell Technology to conduct the first trial in Europe of human embryonic stem cells - testing the cells in people with a progressive form of blindness, a U.S. firm said on Thursday.
AT&T, T-Mobile hire legal all-stars to save deal
AT&T Inc, Deutsche Telekom AG and T-Mobile USA have amassed an army of former senior government antitrust officials to try to save their $39 billion deal to combine wireless businesses.
Trader sorry as UBS chief fights for bank and job
While UBS CEO Oswald Gruebel battled to keep the Swiss bank's investment arm and save his job, the trader accused of unauthorized deals that lost the bank $2.3 billion said he was sorry beyond words.
Jobless claims fall but recession still feared
Americans filed fewer new claims for jobless benefits last week but the decline was not enough to dispel worries the economy was dangerously close to falling into a new recession.
World stocks tumble 4 percent on recession fears
World stocks and commodities tumbled on Thursday as weak data from China crystallized investor fears about a global recession one day after a grim economic outlook from the U.S. Federal Reserve.
Bond giant PIMCO closing in on first bank deal
A $2.3 billion investment fund managed by bond giant Pacific Investment Management Co that is largely targeting distressed U.S. banks is trying to get regulatory approval for one of its first major transactions -- a deal involving a North Carolina community bank.
U.S., China, Germany slumps hammer stocks
A grim outlook for the U.S. economy from the Federal Reserve and signs of a slowing in China and Germany sent world stocks tumbling on Thursday and drove investors into safer currencies and government bonds.
The X Factor and FOX’s Pathetic Attempt to Build Buzz
FOX tried to get its talent on board to promote The X Factor, but it apparently didn't work as well as the network would have liked.
EU crisis, U.S. politics threats to economy: Geithner
Treasury Secretary Timothy Geithner said on Thursday that the European debt crisis and the political divisions in the United States were the biggest threats to the global economy.
‘Avatar’ to get Theme Park Treatment at Disney World
James Cameron and Disney have partnered up to bring fans into world of “Avatar” at Walt Disney World.
Honeywell sees Q3 profit at high end of range
Diversified manufacturer Honeywell International Inc said on Thursday its third-quarter earnings will likely be at the high end of its forecasted range of 96 cents per share to $1.01 per share.
Zambia opposition ahead in presidential vote
Zambia's opposition leader Michael Sata held on to his lead over incumbent Rupiah Banda, the election commission said, as counting moved beyond a halfway point on Thursday in the race to become the next president of Africa's biggest copper producer.
Listeria Deaths Climb to 8 From Bad Cantaloupe, Officials Fear More
A multi-state outbreak of food-borne bacteria, listeria, that arose in early September took another life in Maryland after a person died from eating contaminated produce, leaving the death toll at eight.
Giant Interactive to invest $50 million in China's Alibaba
Giant Interactive Group Inc said it will invest $50 million in China's e-commerce company Alibaba Group through an investment in Yunfeng e-Commerce Funds.
Jamey Rodemeyer's Suicide Gets Lady Gaga Angry, 'Bullying is Hate Crime'
Jamey Rodemeyer, 14 years old from Buffalo, NY, committed suicide last weekend because of gay bullying. Rodemeyer was a big fan of Lady Gaga, as seen from the last Twitter message of his life.
Oil slides $4 on economic gloom, dollar
Oil prices fell by more than $4 a barrel on Thursday, with U.S. futures touching $81.86 barrel as a combination of signals heightened worries about global economic growth and a rallying U.S. dollar added to downward momentum.
Is HP competing for worst board ever honors?
If the board of Hewlett-Packard Co is not already ranked as one of the worst in corporate America, there are some who think it could be a contender.
Valencia 2-2 Barcelona - Match Highlights (VIDEO)
It was always going to be a thriller at Mestalla when Barcelona arrived, and so it proved as the Catalans were made to equalize on two occasions to claim a draw against league leaders Valencia.
Poll riots hit Zambia, opposition leads tight race
Youths went on the rampage on Thursday in northern Zambia's Copper Belt, a stronghold of opposition leader Michael Sata who is leading the race to become the next president of Africa's biggest copper producer.
UBS trader faces new charge, makes no bail request
UBS trader Kweku Adoboli faced a new fraud charge when he made a brief court appearance in London on Thursday for a hearing over alleged unauthorized trading which the Swiss bank has said cost it $2.3 billion.
HP may oust CEO, hire eBay veteran: source
Hewlett-Packard Co's board convened on Wednesday to consider ousting Chief Executive Officer Leo Apotheker after less than a year on the job and replacing him temporarily with former eBay CEO Meg Whitman, a source familiar with the matter said.
AT&T sees 2012 looking similar to 2011
AT&T Inc Chief Executive Officer Randall Stephenson said that his 2012 outlook for the U.S. economy looks similar to 2011 as he does not see a big recovery any time soon.
Wall Street set for third down day on recession fears
Wall Street was set for a sharply lower open and its third straight down day on Thursday as a grim outlook from the Federal Reserve and downbeat data in Europe and China heightened fears about a global recession.
United Tech shares slide, Goodrich soars on tie-up
Shares of United Technologies Corp fell 4.5 percent in premarket trading on Thursday after the diversified U.S. manufacturer said it would pay $16.5 billion in cash for aircraft components maker Goodrich Corp .
Top iOS 5 Features Already Existent in Android Devices
Apple's upcoming operating system iOS 5, which is expected to be released this fall and is going to power iPhone 5, iPad, iPad 2, iPhone 4 and iPhone 3 GS, has copied certain features from the Android platform.
China's manufacturing slows as U.S., Europe stall
China's manufacturing sector contracted for a third consecutive month in September while a measure of inflation picked up, suggesting the world's No.2 economy may not be able to provide much of a counterweight to flagging U.S. and European growth.
FedEx profit rises; pares 2012 outlook
FedEx Corp , the world's No. 2 package delivery company, reported a higher quarterly profit that slightly beat forecasts but pared its outlook for the full year, citing fuel prices and moderate global economic growth.
Yankees stings Rays to clinch AL East
The New York Yankees clinched the American League East to enter Major League Baseball's postseason for the 16th time in the last 17 years with a doubleheader sweep of the Tampa Bay Rays on Wednesday.