Michele Bachmann: Hurricane Irene Was Message from God, Just Kidding
Republican presidential candidate Michele Bachmann said that she was just kidding when she said that Hurricane Irene and the earthquake that rocked the East Coast Tuesday was a message from God. The Minnesota congresswoman, who notoriously hates President Barack Obama, publicly announced that Hurricane Irene was the channel through which God wanted to tell politicians to pay attention to the debt and deficit crisis in the United States.
Guessing game begins on Irene insured losses
Hurricane Irene is expected to have caused substantial property losses, though figures are still hard to come by because of uncertainty about wind damage, catastrophe modeling company Eqecat said on Monday.
Wall St up two percent in broad rally
Stocks rallied more than two percent in a broad rally on Monday as a merger between two big Greek banks provided a rare bit of encouraging news out of debt-stricken Europe, while a rebound in consumer spending calmed fears of a new recession.
Consumer spending data allays recession worries
Consumer spending rose at its fastest pace in five months in July, a further sign the economy is not falling back into recession, although manufacturing activity in Texas almost stalled this month.
China says to get tougher in fight against hacking
China's Supreme Court and prosecutors office will step up the fight against computer hacking by toughening penalties for those caught doing it, state media said on Monday.
IMF slashes U.S. GDP forecast: report
The International Monetary Fund has slashed its growth forecasts for the United States and says the Federal Reserve and the European Central Bank must be ready to ease policy, Italian news agency ANSA reported on Monday.
New York City gets back to business after Irene
New York City was slowly getting back to business as usual on Monday after Hurricane Irene but hundreds of thousands of people who normally travel in from the surrounding area faced a hellish commute as flooding knocked out some transit routes.
MTA Resumes NYC Subway and Bus, May Restore Metro North on Monday
Following Hurricane Irene, the MTA began operating Monday, offering limited service on subway, bus, and railroad.
Irene could lift machinery and engineering shares
Heavy equipment makers and rental companies stand to benefit from reconstruction efforts after Irene damaged roads and other infrastructure, took out power to millions of homes and flooded businesses.
Wall St led higher by banks and insurers
Stocks rallied on Monday as a merger between two big banks in Greece suggested Europe was working through its financial problems, while a rebound in consumer spending calmed fears of a new recession.
Consumer spending rebounds
Consumer spending rose at its fastest pace in five months in July, backing views the economy was not falling back into recession, although pending sales of previously owned homes fell.
Smaller iPhone 5, Sprint No Comments, Samsung Galaxy Makes Moves; Gadget 411
The iPhone 5 will have the same size screen as the iPhone 4 according to various reports.
Storm Irene Batters Vermont State, Forces Evacuations
Tropical Storm Irene battered Vermont state with heavy rains late on Sunday, forcing hundreds of evacuations even as the storm's winds lost strength.
China's Longtop gets Wells notice from SEC
NEW YORK, Aug 29 - Longtop Financial Technologies Ltd said on Monday it may face civil charges by the U.S. Securities and Exchange Commission, signaling stepped-up regulatory enforcement of possible accounting irregularities at Chinese companies.
Astronauts Could Evacuate Space Station, Russia Delays Missions: NASA
NASA said that astronauts may need to abandon the International Space Station in the fall. The announcement was prompted by Russian Soyuz rockets, which will be grounded until well into November. NASA said that it will be impossible to send new crews into space after current crews leave.
Cisco buys Versly to boost collaboration tech
Cisco Systems Inc said on Monday that it has bought privately-held firm Versly to expand in collaboration technology aimed at corporate clients looking to make employees work together more easily.
Samsung delays tablet launch in Australia on Apple suit
Samsung Electronics Co said on Monday it would delay the launch of its latest Galaxy tablet computer in Australia until after a court ruling in September in its ongoing global patent dispute with Apple.
Zynga planning to delay IPO: report
Zynga, the social games maker may delay its plans for an initial public offering until November because of poor market conditions, the New York Post newspaper reported late on Sunday.
Obama Nominates Princeton Economist to Lead Council of Economic Advisers
President Obama announced Monday that he has chosen Princeton University labor economist Alan Krueger to serve as the top economist in the White House.
Docs Deem Underage Boxing Dangerous, Urge Kids to Leave Ring
Experts say children and teenagers should not practice boxing because their brains are more vulnerable to acute, chronic injuries and concussions caused by blows to the head.
Federal Government to Help Reimburse States for Irene Damage
Hurricane Irene could cost U.S. state and local governments billions of dollars in damages, but funds from the federal government might ultimately cover much of this expense.
Obama Picks Labor Expert Krueger as Top Economist
U.S. President Barack Obama said on Monday he has chosen Princeton University labor economist Alan Krueger to become the top White House economist.
Hurricane Irene Death Toll at Least 25: Who Were They?
Hurricane Irene prompted a death toll of at least 25 across eight states, the Associated Press reported. States of Emergency were declared in Virginia, New York, New Jersey, Delaware, Connecticut, Massachusetts, North Carolina, Maryland, Rhode Island, and New Hampshire.
Wall St opens up one percent
Stocks opened up more than one percent on Monday, supported by European and Asian equities that rallied partly on a possible merger between two big banks in Greece.
Exclusive: Majesco to release Twister video game in November
Fans of the 45-year-old classic party game Twister will soon be able to put their left foot on blue and their right hand on yellow in a new video game out this holiday season.
Wall St set to open sharply up
Stocks were set to open about one percent higher on Monday, supported by European and Asian equities that rallied partly on a possible merger between two big banks in Greece.
Hurricane Irene Aftermath: Universities Cope With Disrupted Move-Ins
The effects of Hurricane Irene have not been as dire as expected, but the storm did wreak havoc on universities throughout the Northeast, many of which shut down part or all of their campuses or postponed student move-in dates.
Hurricane Irene NYC: Bloomberg Scores Political Victory
With the city in good shape after Hurricane Irene’s visit to New York, one person has scored a big political victory: Michael Bloomberg.
Small business hiring slows in August, wages dip
Hiring by small businesses slowed in August and employers reduced hours, an independent survey showed on Sunday, suggesting the recent stock market turmoil may have dampened job creation.
L.A. gallery showcases photos of rocker Nikki Sixx
In March of 2009, when the Annenberg Space for Photography opened in Century City in Los Angeles, the most remarked-upon guest at the gala was David LaChapelle's date, Courtney Love.
