Stock Market Crash Feared to Afflict Pensioners
The words 'pensioner's paradise' might no longer a reality for many elderly people as most pension schemes are losing sheen. The final salary based-pensions that are indirectly dependent on the stock market might go for a toss and keep the pensioners at bay due to the sharp fall in the markets.
British Actor John Wood Dies
British Actor John Wood, who won a Tony Award in 1976 and acted in several films and television programs, died peacefully in his sleep on Saturday, his agent said. He was 81.
Capital One Bulks Up U.S. Cards With $33 Billion HSBC Buy
HSBC is selling its U.S. credit card arm to Capital One Financial Corp in a $32.7 billion deal as Europe's top bank streamlines its mammoth operations.
Miraculous Recovery: Boy Survives After Drowning for 20 Minutes in Pacific Ocean
A 12-year-old boy, who was not expected to survive after he spent 20 minutes in a Pacific Ocean riptide before he was rescued, is making an amazing recovery in a Portland Hospital.
RIM's First QNX-based Phone BlackBerry Colt Arrives in Q1, 2012
Just days after launching revamped versions of BlackBerry Torch and Bold models which optimize the BlackBerry OS 7, reports are filtering in which suggest that RIM will launch its first QNX-based smartphone in Q1, 2012.
Stock futures signal dip as rally fizzles out
Stock index futures pointed to a lower open on Wall Street on Wednesday following the previous session's rally, with futures for the S&P 500 down 1.0 percent, Dow Jones futures down 0.9 percent and Nasdaq 100 futures down 0.9 percent at 4:33 a.m. EDT.
SNB to boost franc supply to counter currency's surge
The Swiss National Bank said on Wednesday it would significantly boost Swiss franc supply in coming days and conduct swap transactions to counter a new jump in the safe-haven currency, but it stopped short of direct intervention.
For Music Icons, it's Time to Help Africa
Rihanna, Lady Gaga, Madonna, Shakira, Britney Spears, Justin Beiber and other top names in the music industry have signed up for helping Africa. They are urging other celebrities to join the social media campaign to help with the ongoing food crisis in East Africa.
China July exports hit record high, surplus swells
China's exports hit a record high in July as shipments to Europe and the United States proved surprisingly buoyant, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.
Goldman says QE3 likely after dovish Fed statement
Goldman Sachs said on Wednesday a third round of quantitative easing from the Federal Reserve is likely after the U.S. Federal Reserve promised to keep rates at extraordinarily low levels for at least two more years.
Asia stocks bounce after Fed move stems rout
Asian stocks clawed back some lost ground on Wednesday, following a rebound in U.S. shares, after the Federal Reserve made an unprecedented pledge to keep interest rates near zero for at least two years, stemming a global equity rout for the time being.
Manchester United Transfer News - Sneijder 48 Hours Away from Man United
Manchester United are close to finally signing Wesley Sneijder from Inter Milan, according to reports claiming that a deal is just two days away.
HSBC sells U.S. card unit to Capital One
HSBC is selling its $30 billion U.S. credit card arm to Capital One Financial Corp for a premium of $2.6 billion, as Europe's top bank streamlines its mammoth operations by getting rid of unwanted businesses.
World shares rebound after Fed pledge to keep rates low
World shares bounced back strongly from recent losses on Wednesday as investors took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.
Did Pakistani Intelligence Help U.S. in Finding Bin Laden?
An American spy novelist is disputing the details of the raid that took down the world's "Most Wanted" terrorist leader Osama bin Laden
China July exports top forecast, surplus swells
China's exports were surprisingly buoyant in July as shipments to top trade partner Europe jumped by the most in at least a year, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.
HSBC sells U.S card unit to Capital One
HSBC Holdings plc has agreed to sell its U.S. credit card and retail services unit to Capital One Financial Corp for a premium of about $2.6 billion, as Europe's top bank streamlines its mammoth operations by shedding non-core businesses.
Nestle ups outlook after H1 beats forecasts
The world's biggest food group Nestle raised its full-year outlook after strong demand for its Maggi and Nescafe brands in emerging markets helped it post a forecast-beating 7.5 percent rise in underlying first-half sales.
HSBC sells US card unit to Capital One for $2.6 billion
HSBC Holdings plc has agreed to sell its U.S. credit card and retail services unit to Capital One Financial Corp for a premium of about $2.6 billion, as Europe's top bank streamlines its mammoth operations by shedding non-core businesses.
BHP Billiton sees weak European, U.S. growth for years
BHP Billiton , the world's biggest miner, expects weak growth on both sides of the Atlantic to persist for many years as Europe and the United States deal with their debt crises, heightening the reliance on China's fast-growing economy.
Brent rises above $105 on Fed vow of low interest rates
Brent crude rose $3 on Wednesday after the U.S. Federal Reserve's promise to extend near-zero interest rates for two more years weighed on the dollar and helped reverse a steep slump in oil.
Facebook Joins Law Enforcement Officials to Delete Prison Inmate Profiles
Facebook is joining forces with California prison officials to disable accounts that belong to inmates which are found to be updated while they are being incarcerated.
China says U.S. likely to launch QE III easing
The United States could launch a new round of quantitative monetary easing, China's top economic planner said on Wednesday in a statement addressing the country's future inflation risks.
U.S., OPEC cut world oil demand growth on economy
Global oil demand will grow less than previously projected this year, according to forecasts on Tuesday from the U.S. and OPEC, as a worsening economic outlook will curb consumption in developed countries.
Dealers See Greater Chance of Recession, QE3
Wall Street economists see odds of around one-in-three the United States will slip back into recession, heightening expectations the Federal Reserve will launch another round of unconventional credit easing.
Rupee breaks 6-day slide as Fed signals lift equities
The rupee snapped a 6-day weakening streak on Wednesday as global equities rebounded and the dollar fell after the U.S. Federal Reserve promised to keep rates low for at least two years.
Brent rises $2 on Fed promise of low interest rates
Brent crude rose $2 on Wednesday after the Federal Reserve's promise to extend near-zero interest rates for two more years weighed on the dollar and helped reverse a steep slump in oil.
Wal-Mart's Vudu launches on iPad without an app
Wal-Mart Stores Inc's Vudu video-streaming service launches on Apple Inc's iPad on Wednesday, but it doesn't come with the type of app that's common on the best-selling tablet computer.
Micron says NAND chip demand buoyed by tablets
Orders for Micron Technology Inc's NAND memory chips are holding up despite growing economic uncertainty, thanks to strong demand from manufacturers making tablets and solid-state drives, a senior executive at the chipmaker said.
LightSquared will not be allowed to harm GPS: FCC
Communications regulators were adamant on Tuesday that hedge fund manager Philip Falcone's satellite broadband start-up would not be allowed to operate if it posed a risk to GPS services.
