UBS axes 3,500 jobs in cost-cutting push
Switzerland's biggest bank UBS AG is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.5 billion) off annual costs as it joins rival investment banks in reversing the post-crisis hiring binge and preparing for a tough few years.
Exclusive: Groupon taps Citydeal team to boost sales
No. 1 daily deals website Groupon Inc is turning to executives from Citydeal -- the European business it bought last year -- to help boost slowing growth in its domestic business, ahead of a planned public listing.
PHOTOS: East Coast Earthquake Sends Strong Warning Messages
A 5.9 magnitude earthquake struck the East Coast on Tuesday, which is reportedly the largest in Virginia since 1897. Luckily there were no reports of major damage or injuries from the quake. The quake sent strong warning messages to East Coast cities as this type of fatal quakes, or even smaller quakes, could cause significant damages considering that they aren't as earthquake-ready as their West Coast counterparts.
Virginia Earthquake 2011 Increases Anxiety, Aftershocks to Come?
The 5.8 magnitude earthquake that rocked Virginia Tuesday, centered 300 miles from New York City, occurred at a shallow depth in the crust, implying considerable aftershocks. The massive earthquake shook areas from North Carolina to Ottawa, Canada.
Doctor Sued By Penis Amputee After Surgery, Trial Ends
A lawyer representing the Kentucky man who testified against Dr. John Patterson in the Shelby County Circuit Court, the doctor who amputated Seaton's penis without asking his permission, told jurors on Monday his client doesn't feel like a man.
Analysis: Eurozone bank doubts worse for lack of deposits
European banks like Societe Generale and Dexia SA are reeling from bad loans, but they are also suffering from a less obvious problem: their reliance on bond markets to fund operations.
Exclusive: Apple suppliers building cheaper, 8GB iPhone
Asian suppliers to Apple Inc have begun manufacturing a lower-priced version of its hot-selling iPhone 4 with a smaller 8 gigabyte flash drive, according to two people with knowledge of the matter.
BofA shares drop, debt insurance costs jump
Bank of America Corp shares posted their steepest drop in 2-1/2 years on Tuesday as investors worried that the biggest U.S. bank might face big writeoffs.
Is the Washington Monument Tilting From Earthquake? Right or Left, or Wrong?
Was the Washington Monument so vulnerable that the 5.9 magnitude earthquake in Virginia is tilting the world's tallest obelisk?
U.S. bank earnings up, FDIC questions for how long
U.S. bank earnings continue to increase but the prospects for earnings growth are dimming as banks are having trouble boosting revenue.
Exclusive: Groupon turns to Citydeal team ahead of IPO
No. 1 daily deals website Groupon Inc is turning to executives from Citydeal -- the European business it bought last year -- to help boost slowing growth in its domestic business, ahead of a planned public listing.
East Coast Earthquake Caused No Infrastructure Damage, Higher Cell Traffic
The East Coast Earthquake didn't cause any structural damage to cell phone towers, but it did cause an uptick in voice traffic.
Amy Winehouse Toxicology Report: No Drugs in Her System
Amy Winehouse's toxicology report revealed that the young singer did not have drugs in her system, a statement by the Back to Black singer's family said. The report also revealed that alcohol was in her system at the time of her death.
Virginia Earthquake Marks Largest Ever for Washington D.C. [VIDEOS]
A magnitude 5.9 earthquake rocked the U.S. East Coast, sending vibrations and panics from as far south as North Carolina to as far north as Toronto.Buildings in downtown Washington, D.C. were rattled, causing parts of the Pentagon, White House and to evacuate.
Hopes for another Fed rescue drive 3 percent rally on Wall St
Stocks shot 3 percent higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end.
Exclusive: ComScore takes users' credit card numbers: lawsuit
Online tracking service comScore Inc siphons confidential data including passwords, credit card numbers and Social Security numbers from unsuspecting users, according to a lawsuit filed on Tuesday.
Primary Global CEO tied to insider case-filing
The chief executive of expert networking firm Primary Global Research LLC has been implicated in the government's sprawling insider trading probe, court papers show.
Virginia Earthquake: Damage Found, Numerous Injuries Reported, None Serious
A District of Columbia fire department spokesman says there are numerous injuries as a result of an earthquake that struck near the nation's capital Tuesday afternoon, but so far there are no reports of serious injuries or deaths.
Hurricane Irene Path: North Carolina and Virginia May Be Hit a Day Early
Hurricane Irene may make landfall a day earlier than originally projected, according to updated forecasts from the National Hurricane Center. It is now expected to reach Morehead City, N.C., on Saturday.
GM's Opel mulls partner to share hybrid costs: paper
General Motors European unit Opel is considering taking on a partner in the field of fuel-saving hybrid powertrains in order to share development costs as the brand rolls out more gasoline-electric cars.
Opinion: 49ers-Raiders Fight Shows Glaring Sports Fan Violence Problem
It's time to put an end to fan violence at stadiums.
Experts Dispute Use of Illegal Party Drug Ecstasy to Cure Cancer
Scientists from the University of Birmingham found that a modified form of Ecstasy (MDMA) could be used in treating melanoma, lymphoma, and leukemia, after scientists modified the drug to increase its tumor-killing properties.
Sprint to Begin Selling iPhone 5
Sprint Nextel Corp. will begin selling the iPhone 5 in mid-October, sources close to the matter tell the Wall Street Journal.
Virginia Earthquake Strikes East Coast [VIDEO]
A massive earthquake rocked the Mid-Atlantic Tuesday afternoon, shaking areas from North Carolina to Ottawa, Canada. The earthquake's center was northwest of Richmond, Va. and rocked much of Washington, D.C.
Will Smith and Jada Pinkett-Smith Stop Rumors of Split
Will Smith and Jada Pinkett Smith are still happily married, according to a joint statement released Tuesday. We are still together, and our marriage is intact.
Facebook Improves Privacy Settings To Outrun Google+
In the coming days, Facebook will make you much more comfortable with its privacy settings.Tuesday, the social media giant announced improvements for users to determine who can see their information on Facebook, finally allowed to manage their personal information as they control the range of viewers.
East Coast Quake: Virginia Nuclear Plant Shuts Down, Others Unaffected
Two nuclear reactors at the North Anna Station in Mineral, Virginia were stopped working, the Nuclear Regulatory Commission said. The plant lost off-site power, but diesel generators are operating, a spokesman for the commission said.
'It's Over,' Cry Rebels as Gadhafi HQ Overrun
Joyful Libyan rebels overran Moammar Gadhafi's Tripoli bastion on Tuesday, seizing weapons and loot and destroying symbols of a 42-year dictatorship they declared was now over as they set about hunting down the fallen ruler and his sons.
BP fund has paid out $5 billion to Gulf spill victims
BP Plc has paid out more than $5 billion to 204,434 victims of last year's massive Gulf of Mexico oil spill, fund administrator Kenneth Feinberg said on Tuesday.
Guns 'N’ Roses Bassist McKagan Creates Wealth Management Firm
Duff McKagan has created a wealth management firm that caters to rock musicians.