G7 gives first sign ready to battle crisis
Political and financial leaders gave their first sign of readiness to battle a debt crisis gone global when the European Central Bank signaled on Sunday it would start buying Italian and Spanish debt, a critical move to quell a bond rout that has rocked financial markets.
ECB says will actively implement bond-buying
The European Central Bank said on Sunday it would actively implement its controversial bond-buying programme to fight the euro zone's debt crisis, signaling it will buy Spanish and Italian government bonds to halt financial market contagion.
Wall Street braces for impact from downgrade
A downgrade of United States' top-tier credit rating has Wall Street scrambling to figure out the knock-on effects for the financial system, from mortgages to banks to markets that rely on U.S. Treasuries for collateral.
Buffett unit offers $3.2 billion for Transatlantic
A unit of Warren Buffett's Berkshire Hathaway Inc made a $3.24 billion buyout offer for Transatlantic Holdings Inc, topping two existing rival bids for the reinsurer.
Oracle, other companies punk'd in hacking contest
A weekend contest at the world's largest hacking convention in Las Vegas showed one reason why big corporations seem to be such easy prey for cyber criminals: their workers are poorly trained in security.
Berlin, Paris stress commitment to European reforms
Germany and France on Sunday reiterated their commitment to implementing the decisions of last month's emergency EU summit, in an effort to restore confidence in turbulent financial markets.
ECB to buy Italian, Spanish bonds to stop contagion
The European Central Bank will intervene decisively on markets to protect Italy and Spain from an accelerating debt crisis, a monetary source said on Sunday, indicating it would buy government bonds of the euro zone's third and fourth biggest economies.
Business lobby group disagrees with S&P downgrade
The U.S. Chamber of Commerce, a powerful business lobby group, said on Sunday it disagreed with ratings agency Standard & Poor's decision to downgrade the U.S. credit rating but hoped it would spur Washington to act.
ECB to intervene decisively on markets: source
The Euro system of central banks has decided to intervene decisively on markets to respond to the escalating debt crisis, a euro zone monetary source said after a European Central Bank conference call on Sunday.
That 1937 feeling all over again
Federal Reserve Chairman Ben Bernanke, an expert on the Great Depression, once promised that the central bank would never repeat its 1937 mistake of rushing to tighten monetary policy too soon and prolonging an economic slump.
Investors try to look past panic
Wall Street hit the panic button last week and survived. But the shocks have left investors stranded.
Analysts' view: What is needed from U.S., Europe, G20
Financial markets look set for another bout of turbulence, with Italy under fire and the United States' debt downgraded, after $2.5 trillion was wiped off the value of world shares last week.
ECB eyes decision on Italy bond buys to ease debt
The European Central Bank faced a decision on Sunday whether to buy Italian bonds to try to prevent the euro zone debt crisis from widening, while global policymakers conferred on the twin financial crises in Europe and the United States.
No double-dip recession but Europe a worry: Greenspan
Former Federal Reserve Chairman Alan Greenspan on Sunday downplayed the risk of a double-dip recession in the United States, saying its domestic economy was in better shape compared to its European peers.
Resource nationalism is biggest risk to miners: report
Resource nationalism is the biggest threat facing the mining sector this year and next as governments seek to take advantage of higher commodity prices to try to restore fragile finances, advisory and accountancy firm Ernst & Young (E&Y) said on Sunday.
1 in 3 chance of further U.S. downgrade: S&P's Chambers
Standard & Poor's managing director John Chambers said on Sunday there is a one in three chance of a further U.S. credit rating downgrade over the next six months to two years.
Buffett unit bids $3.2 billion for Transatlantic
A unit of Warren Buffett's Berkshire Hathaway Inc jumped into the bidding war over Transatlantic Holdings Inc, offering to buy the reinsurer for $3.24 billion.
S&P's Beers says risks on downside for future U.S. rating
The head of Standard & Poor's sovereign ratings, David Beers told Fox News Sunday he did not expect that much impact when global markets open on Monday due to what he called a mild deterioration in the U.S. credit standing to AA-plus from top-tier AAA.
Investors struggle to see past panic
Wall Street hit the panic button last week and survived. But the shocks have left investors stranded.
Alien Life? Scientists Discover Evidence of Flowing Water on Mars
Scientists have discovered flowing salt water on Mars, which has sparked conversations about potential alien life within the planet's surface. The images sent from NASA's orbiter unveiled flowing waters descending down from rocky slopes.
Smaller Plates Can Help You Shed Unnecessary Pounds
Eating in smaller plates and bowls can shed unwanted pounds from your body by helping you cut down on mindless eating.
China?s Innovation Capacities May be Over-hyped
Corrupt practices, nepotism, imagery and an inadequate education system responsible for lack of scientific spirit
MacFarlane to Make Sagan?s ?Cosmos? Sequel
MacFarlane and Ann Druyan, Sagan?s widow, hit on the idea of making the series again to reignite layman interest in science
Trichet Wants ECB Decision on Italy - Source
The European Central Bank will decide whether to buy Italian government bonds to try to stem the euro zone's debt crisis from widening in a crucial conference call on Sunday evening (one p.m. EDT), ECB sources said.
AntiSec Hackers Breach 10GB U.S. Law Enforcement Data In Retaliation For Arrests
The latest attack by AntiSec hackers was targeted at the police. The hackers associated with hacker groups LulzSec and Anonymous leaked over 10GB of information from over 70 law enforcement agencies in the U.S. on Friday.
Manchester United Vs Manchester City Live Coverage - FA Community Shield
Yet another Manchester derby is set to unfold, this time in the FA Community Shield, the traditional curtain-raiser for the English top-flight season.
Casual Smoking on the Rise Among US Teens
Research shows that casual and occasional smoking is on the rise among U.S. high school students. While heavy smoking is down among teens nationwide, casual smoking rates are on the rise.
Westboro Church to Picket Funerals of Norway Massacre Victims
The Kansas-based Westboro Baptist Church has issued a press release saying that they will picket the funerals of the Norway victims who lost their lives when Anders Breivik set off a bomb in Oslo and gunned down 69 at a youth camp in the island of Utoya.
Britain's Prince Harry 'Obsessed with Space': Wants to be a NASA Astronaut
Prince Harry wants to be a NASA astronaut?
UAE supports peg, Oman says no alternative to U.S. debt
The United Arab Emirates will keep its currency peg to the U.S. dollar even after Standard & Poor's downgraded the world's biggest economy, and Oman sees no risk in investing in U.S. treasuries, officials said on Sunday.
