Lawyers sum up latest insider trading trial
The trial of a former Silicon Valley sales manager accused in the U.S. government's crackdown on insider trading closed with prosecution and defense arguing over whether he stole information about public companies and shared it illegally.
Federal regulator considering higher mortgage fees
The regulator for Fannie Mae and Freddie Mac said on Monday he is considering some reform scenarios that include higher costs for mortgages backed by the government and sharing more risk with the private sector.
SEC alleges insider trading in Global Industries
The Securities and Exchange Commission filed an insider trading lawsuit in connection with the recent purchase of U.S. underwater oil services company Global Industries Ltd by France's Technip SA .
Boeing and buyer blame contract snag for 747 delay
Boeing Co scrambled on Monday to iron out contract problems that forced it to postpone the first delivery of a stretched model of its iconic 747 jumbo jet, driving down its shares.
WHO Offers Cheaper Ways to Target UN's $47T Global Disease Task
The United Nations will hold a high-level two-day summit beginning Monday to discuss its intentions of tackling the global epidemic, which could reach $47 trillion in the next two decades, if no medical solution is found.
Reno Air Show: Plane had ‘Radical Changes’ Before Crash
The National Transportation Safety Board will investigate the plane that nosedived into the grandstand killing nine spectators and injuring 69 at a Reno air race.
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Check out these airline sales before booking your fall getaway.
Netflix Admits Arrogance, Splits off DVDs
The company gives a big apology to consumers and makes a significant change by splitting off its DVD business.
Teen Exercise Affords Higher Smoking Cessation Rates: Study
Teenage smokers may have better luck quitting if physical activity is added to a traditional cessation program, and exercise is particularly effective with males, says researchers at the West Virginia University concluded in a study released Monday.
Wall Street slides on European debt fears
Stocks fell sharply on Monday as escalating fears about the possibility of Greek default and concern about the U.S. deficit plan prompted investors to surrender some of last week's gains.
Online gaming firm 32Red eyes newly licensed markets
With the regulatory environment easing in Europe, online betting and gaming operator 32Red looks to enter licensed markets, particularly Italy, and expects to surpass market estimates for 2011, its chief executive said.
Japan's lost decade: still a risk for U.S. economy
As the U.S. economy slouches toward another recession and confidence in policymakers erodes, investors are coming to grips with the notion that the country may already be several years into a Japan-style lost decade.
Packers make perfect start to NFL season
The reigning Super Bowl champion Green Bay Packers erased a 13-point deficit to beat the Carolina Panthers 30-23 on Sunday and maintain their perfect start to the National Football League (NFL) season while the big guns flexed their muscles.
BRICS countries bought EFSF debt: report
The BRICS emerging market powerhouses have already bought debt through the European Financial Stability Facility and could buy more, a potential help to struggling euro zone economies, a Brazilian newspaper reported on Monday.
Obama's $3 Trillion Plan to Cut Deficit Looks to Tax the Wealthy
President Barack Obama on Monday laid out a $3 trillion plan to cut U.S. deficits by raising taxes on the rich, but Republicans mocked it as a political stunt, signaling the proposal has little chance of becoming law. I will not support any plan that puts all the burden on closing our deficit on ordinary Americans, Obama said. We are not going to have a one-sided deal that hurts the folks who are most vulnerable.
Air Canada, union to meet with labor minister
Canadian Labor Minister Lisa Raitt was set to meet representatives of Air Canada and its flight attendants' union on Monday afternoon to try to avert a strike at the country's largest airline.
Greece must shrink state to avoid default: lenders
International lenders told Greece on Monday it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.
Soros hires new chief investment officer
Billionaire investor George Soros is continuing to overhaul the management team of his Soros Fund Management LLC, which is converting from a hedge fund to a family office.
Hulu sale at risk even as new bids are due
The auction of online video site Hulu has been slowed by recent developments which could derail it completely, according to sources familiar with the process.
Beyond the gloom, reforms bode well for growth
Largely unnoticed by markets riveted by the drama of the day, more and more countries are successfully implementing complex, politically treacherous reforms needed to raise their long-term economic growth rates.
Big bank surcharge not anti-American: watchdog
A proposed capital surcharge for big banks is not anti-American and will help reduce the risk of big bank failures, a top European regulator said on Monday.
Market drops on euro zone effort to rescue Greece
U.S. stocks tumbled on Monday as growing fears of a Greek debt default prompted investors to sell risky assets and put an end to a week-long rally on Wall Street.
Contract spat blamed for Boeing 747 delay
Boeing scrambled on Monday to iron out contract problems that forced it to postpone the inaugural delivery of the latest version of its 747 jumbo jet, driving down its shares.
BRICS nations already buying EFSF debt: report
The BRICS emerging market powerhouses have already bought debt through the European Financial Stability Facility and could buy more, a potential help to struggling euro zone economies, a Brazilian newspaper reported on Monday.
PETA to launch porn site in name of animal rights
People for the Ethical Treatment of Animals, no stranger to attention-grabbing campaigns featuring nude women, plans to launch a pornography website in the name of animal rights.
EBay builds new division to woo developers
Ebay Inc is building a new division to woo developers and attract more merchants as the company tries to emulate the success of Apple Inc's iOS platform in the e-commerce world.
World oil demand to hit 112.2 million bpd in 2035: EIA
Despite rising oil prices, global petroleum use is expected to be stronger over the next two decades than previously estimated, the U.S. government said on Monday.
Analysis: Japan's Lost Decade Still a Risk for U.S. Economy
As the U.S. economy slouches toward another recession and confidence in policymakers erodes, investors are coming to grips with the notion that the country may already be several years into a Japan-style lost decade.
U.S. Stocks Tank Over Fears of Possible Greek Default
U.S. stocks fell sharply on Monday as renewed fears of a Greek debt default prompted investors to book some of last week's gains and turn toward the safety of U.S. government debt.
UBS CEO Gruebel in firing line over rogue loss
The rogue trade disaster at UBS will put pressure on the Swiss bank to accelerate plans to install a successor to Chief Executive Oswald Gruebel with a mission to dramatically slash the investment bank and renew the focus on wealth management.