Stocks slump on gloomy Fed, China PMI
Stocks tumbled and the dollar surged on Thursday after a warning from the Federal Reserve that the United States faced a grim economic outlook with significant downside risks and further evidence of a slowdown in China.
Lady Gaga Advocates for Anti-Bullying Laws After Jamey Rodemeyer Suicide
Singing superstar Lada Gaga has utilized her following on Twitter to advocate for laws banning bullying after the suicide of Jamey Rodemeyer.
Troy Davis Addresses Victim's Family in Last Words Before Execution
Troy Davis addressed the family of Mark MacPhail as he was put to death for killing the policeman in 1989.
Nikon to Sell its First Mirrorless Cameras in October
Nikon unveiled its first lightweight mirrorless interchangeable lens cameras on Wednesday, saying the two new models would go on sale in October and that it expects them to be priced around 70,000 yen ($915)and 105,000 yen.
I Won't Run for Indian PM Again, Says Advani
Lal Krishna Advani, the 83-year-old veteran of opposition Bharatiya Janata Party (BJP), said on Wednesday he did not want to run for prime minister again in elections due by 2014, a move that frees up younger candidates to challenge the government.
Rescue Workers Search for Survivors of Himalaya Quake
Rescue workers with sensors and sniffer dogs searched through rubble on Wednesday for more survivors of an earthquake that has killed at least 100 people in a remote Himalayan region and left many, including 400 foreigners, stranded in far-flung areas.
TCS Sees Opportunities Amid Downturn
Outsourcing leader Tata Consultancy Services (TCS) sees opportunity as corporate customers embrace new technology, although a poor economy means that overall spending in the United States and Europe will stay weak.
UAW turns to Ford as Chrysler talks stall
The United Auto Workers has turned its focus in contract negotiations to Ford Motor Co , an abrupt shift in negotiating strategy after talks stalled with Chrysler.
Lady Gaga Calls for Anti-Bullying Laws After Jamey Rodemeyer Suicide
Singing superstar Lada Gaga has utilized her following on Twitter to advocate for laws banning bullying after the suicide of Jamey Rodemeyer.
Fed takes new tack to avoid economic slump
The Federal Reserve on Wednesday warned of significant risks to the already weak U.S. economy and launched a new plan to lower long-term borrowing costs and bolster the battered housing market.
Stocks slide as Fed's outlook deepens gloom
Asian stocks tumbled on Thursday, following a slide on Wall Street, as investors took fright at a warning by the Federal Reserve that the United States faced a grim economic outlook with significant downside risks.
SABMiller bid set to succeed, say Foster's shareholders
SABMiller's $10 billion bid for Australian brewer Foster's Group looks set for success as key shareholders backed the sweetened deal on Thursday with only an outside chance of a rival offer now posing a threat.
United Tech to buy Goodrich for $16.5 billion
United Technologies Corp has reached a $16.5 billion cash deal to acquire aircraft components maker Goodrich Corp , in what would be the diversified U.S. manufacturer's biggest deal in a decade.
BRICS to consider euro bonds plan: South Africa's Gordhan
A meeting of emerging economies on Thursday will consider a Brazilian proposal to buy European bonds to help crisis-hit euro zone countries, South Africa's Finance Minister Pravin Gordhan said on Wednesday.
Chemical BPA Found in Children’s Canned Foods: Study
Some canned foods marketed for children are found to contain estrogen-like chemical, Bisphenol A(BPA), according to a new report. A study by non-profit group, Breast Cancer Fund, found that 12 canned soups and pastas popular among children contained BPA, sparking off concern over the health effects of the chemical.
UBS chief's message to board: stick with integrated bank
UBS CEO Oswald Gruebel will stress to the board of directors that he wants the investment bank to remain part of Swiss bank's integrated banking model in meetings on Thursday and Friday, sources said, after rogue trading cost the bank $2.3 billion.
Ex-Goldman employee charged with insider trading
U.S. regulators on Wednesday charged a former Goldman Sachs employee and his father with insider trading on confidential information about Goldman's exchange-traded fund strategy.
Insiders handed four- and 10-year prison terms
Two people who lost their insider trading trials earlier this year were sentenced on Wednesday to 10 and four years in prison, as the government continues its crack down on illegal trades.
UBS Chief's Message to Board: Stick with 'Integrated' Bank
UBS CEO Oswald Gruebel will stress to the board of directors that he wants the investment bank to remain part of Swiss bank's "integrated banking model" in meetings on Thursday and Friday, sources said, after rogue trading cost the bank $2.3 billion.
Zynga's profit falls in June quarter: filing
Facebook games maker Zynga said its profit and revenue fell in the June quarter, as the company did not release any new Facebook games in the period, according to a regulatory filing on Wednesday.
Troy Davis Executed After Top Court Rejects Last Appeal
The state of Georgia executed Troy Davis Wednesday night after the U.S. Supreme Court rejected a last-minute appeal for a stay.
Number of Young Adults with Health Insurance Grows Rapidly
Young adults are gaining health insurance faster than ever, mostly due to the Patient Protection and Affordable Care Act.
UAW focus shifts to Ford as Chrysler stalls
The United Auto Workers has turned its focus in contract negotiations to Ford Motor Co after progress in talks with smaller rival Chrysler appeared to stall, two people with knowledge of the discussions said on Wednesday.
Mexico Twitter terrorists freed: attorney
A Mexican man and woman jailed for sending online messages that mistakenly warned an elementary school was under attack were freed on Wednesday, an attorney for the pair said.
Netflix, Discovery in streaming deal for TV shows
Netflix Inc and Discovery Communications reached an agreement to bring episodes of popular TV adventure shows including Man vs. Wild and River Monsters to the streaming service, the companies confirmed on Wednesday.
Moody's downgrades big banks on changed U.S. policy
Moody's Corp cut the debt ratings of Bank of America Corp , Wells Fargo & Co and Citigroup Inc on Wednesday, saying the U.S. government is getting less comfortable with bailing out large troubled lenders.
Europe must do more to quell crisis: U.S. official
Europe's debt crisis is the biggest threat to the global economy, the Treasury said on Wednesday, and it called on European policymakers to provide unequivocal support to banks and governments under stress.
Alternative Rock Band R.E.M. Breaks Up After 31 Years
After 31 years of churning out hits like Losing My Religion and The One I Love R.E.M. has finally bowed out. In a statement posted on their official web site on Wednesday, the rock band said that they had decided to call it a day.
Exclusive: Facebook seeks exec to build Hollywood, media ties
Facebook is looking to hire a big-name executive to cultivate relationships and strike deals with the film and music industries to bolster its media offerings.
N.Y. law sends texting-while-driving tickets soaring
A new state law banning driving while texting has helped more than double the number of related traffic tickets, New York Governor Andrew Cuomo said on Wednesday.