Euro slumps to 10-year low vs yen as Greece worries mount
The euro hit a six-month low against the dollar and a 10-year trough versus the yen, falling below key technical levels and option barriers on worries that the euro zone's support for Greece is wobbling and the country may be forced to default on its debt.
Leading Man of ‘Spartacus’ Actor Andy Whitfield Dies
Welsh actor, Andy Whitfield, lost his fight with non-Hodgkin Lymphoma and died on Sunday in Sydney, Australia.
Japan Manufacturing Mood Improves, Outlook Dims
Big Japanese manufacturers turned optimistic in the third quarter following a rapid recovery in output after the deadly March 11 earthquake and tsunami, but scaled back forecasts for the months ahead on the yen's strength and as global slowdown looms.
Japan big manufacturing mood improves, outlook dims
Big Japanese manufacturers turned optimistic in the third quarter following a rapid recovery in output after the deadly March 11 earthquake and tsunami, but scaled back forecasts for the months ahead on the yen's strength and as global slowdown looms.
Ben Stiller's Fake Trailer Project test ideas for movies
Ben Stiller's Fake Trailer Project, debuting soon on MTV.com, will serve as a petri dish for possible movies. If any of the dozen planned trailers catch on virally, Stiller and his partners may develop them into films.
Cranky Miss Blankenship takes Randee Heller to the Emmys
Randee Heller is walking the Emmy red carpet for the first time this year, but hoping that her many fans -- some of whom created a Facebook page in her honor -- won't recognize her.
Verizon Dividend Setback for Vodafone
Verizon Communications has dashed the hopes of Vodafone investors by ruling out a return to a recurring dividend from the two companies' mobile phone joint venture, called Verizon Wireless, the Financial Times reported on Monday.
'Contagion' takes hold of weekend box office
Deadly virus thriller Contagion caught on with filmgoers and easily took the top spot at the weekend box office in the United States and Canada, according to studio estimates compiled by Reuters on Sunday.
Pediatricians' group finds fault with SpongeBob
First it was the far right, which singled out the animated kids' series SpongeBob SquarePants for promoting pro-gay and global-warming-awareness agendas.
TV fans take in pre-show glitz at Creative Arts Emmys
Chaz Bono and Kristin Chenoweth were the top draws on the red carpet outside the Creative Arts Emmys on Saturday afternoon.
Does Global Warming Portend an Ice-Free Arctic Summer?
Reports about an Arctic summertime sans ice due to global warming and natural swings in regional wind patterns are quite alarming. The extent of summer sea ice in the Arctic Ocean reached a record low this week since satellite observations began in 1972, according to the University of Bremen's Institute of Environmental Physics.
World Bank to Invest in New Hedge Fund
The World Bank is investing in a hedge fund in order to help banks reduce capital that new rules will force them to set aside against loans to small companies in emerging markets, the Financial Times reported on Monday.
Euro extends losses, hits 10-year trough on yen
The euro got off to a rocky start in Asia on Monday, falling to fresh six-month lows against the greenback and a 10-year trough on the yen as downside momentum picked up pace after several key technical levels gave way recently.
FT: JPMorgan CEO Says Bank Rules 'Anti-American'
The United States should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, said in an interview with the Financial Times.
JPMorgan CEO says bank rules anti-American: FT
The United States should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, said in an interview with the Financial Times.
Crucial Italy austerity package enters home stretch
Italy's often revised 54-billion-euro austerity package enters the final stretch on Monday when cuts aimed at balancing the budget by 2013 go before the lower house of parliament, with approval due later in the week.
9/11 Anniversary: Skeptics Rally in New York
A group of nearly 100 protesters traveled to the financial district in New York City to protest what they believed was dishonesty from the U.S. government regarding the September 11, 2001 terrorist attack.
UK's Osborne says expects broad EU treaty change in 1-2 years
Europe could agree to broad changes to existing legislation within a year or two that would pave the way for greater fiscal integration of members of the euro zone, British finance minister George Osborne said.
Thousands Flock to WTC Site in Grief and Pride
Thousands of people journeyed to Lower Manhattan in New York City Sunday to commemorate the 10th anniversary of the Sept. 11, 2001 terrorist attack on the World Trade Center.
9/11 Memorial: U.S. Continues to Urge Caution
With the nation reaching the 10th anniversary of the Sept. 11 attack, the United States has moved to a heightened state of alert: government officials have been trying to strike a balance between recommending caution and stirring up unnecessary fear.
Analysis: Stark ECB exit hits shaky euro zone at worst time
The resignation of the top German official at the European Central Bank could hardly have come at a worse time for euro zone policymakers as they grope for a way out of the deepest crisis in the single currency's 12-year history.
U.S. banks look for kinder, gentler death plans
U.S. banks preparing to submit plans on how they can be put to death are pushing regulators to put more emphasis on how to keep them alive.
Greece slaps new tax on property to cut deficit
Greece on Sunday slapped a new tax on real estate to plug a 2011 budget hole, please international lenders and secure a key new loan tranche as concerns mounted in Europe over its euro zone membership.
Stark shock widens German euro faultline
The surprise exit of Germany's top official at the ECB has ripped a hole in Chancellor Angela Merkel's strategy of tackling Europe's debt crisis with closer integration, raising new doubts about the euro project at home and widening divisions in her party and coalition.
Merkel allies break taboo with Greek default talk
Senior politicians in German Chancellor Angela Merkel's center-right coalition have started talking openly about a Greek default, reflecting mounting concern in Europe's biggest economy about the debt crisis and pressuring Greece.
Analysis: Stark shock widens German euro faultline
The surprise exit of Germany's top official at the ECB has ripped a hole in Chancellor Angela Merkel's strategy of tackling Europe's debt crisis with closer integration, raising new doubts about the euro project at home and widening divisions in her party and coalition.
Stocks primed for more volatility
Investors will grapple with more turbulence surrounding Europe's deepening debt problems this week and the prospect of another round of dismal data on the faltering U.S. economy.
Swiss committed to solving U.S. tax spat: report
Switzerland does not need an emergency law or a separate treaty as it works toward a solution in its latest tax spat with the United States, finance minister Eveline Widmer-Schlumpf was quoted as saying in a Swiss newspaper interview on Sunday.
Ex-BP boss Hayward may quit TNK-BP board
Former BP boss Tony Hayward is considering whether to step down from the board of Russian oil joint venture TNK-BP but has yet to inform the British oil company of any decision, a spokesman for the company said.
UBS boss says some banks may need state help: report
Some banks may have to get help from the state as plunging share prices could make it difficult to raise capital, UBS chief executive Oswald Gruebel told Swiss newspaper Sonntag in an interview published on Sunday.