Fed's Bullard says effects of QE2 could lag by a year
St. Louis Federal Reserve President James Bullard said on Thursday that while the central bank's massive bond buying program impacted financial markets immediately, its effect on the broad economy will lag by as much as a year.
Print is out, digital is in: Centaur Media axes Design Week's print edition
Design Week's last print issue will hit stands this week, but its digital age is just beginning.
Delta will decide on plane order by year-end
Delta Air Lines Inc will make a decision on buying planes by the end of the year, its chief executive said on Thursday.
Obama to do Twitter session on economy on July 6
President Barack Obama will hold a town hall meeting on the U.S. economy and jobs on July 6, the White House said on Thursday, but it will be in the virtual world of Twitter, not a brick and mortar building.
Analysis: H2 risks may staunch emerging bond issue flood
Emerging market debt issuance has soared in the first six months of 2011, driven by heavy corporate bond volumes and flying in the face of debt problems in the developed world, but risk aversion may erode demand in the second half.
Amazon protests California Web-sales tax plan
Amazon.com Inc warned its 10,000-plus California sales affiliates on Wednesday that it may be forced to sever ties with them should the state begin taxing their online sales.
Aaron Carter claims Michael Jackson dealt him cocaine
Aaron Carter has always praised his friend Michael Jackson for giving him advice in the music industry.
Greece passes austerity bill after trouble-free vote
The Greek parliament passed a second austerity bill Thursday, opening the way for the EU and IMF to release a 12 billion euro ($17 billion) loan installment which Athens urgently needs to stave off bankruptcy.
Indie Bookstore Bestsellers: State of Wonder, Go the F--- to Sleep
For the third week in a row, indie bookstore readers bought more copies of State of Wonder by Ann Patchett than any other hardcover fiction book, IndieBound said today.
Germans fear cyber-crime as digital blackmail grows
Germans are increasingly afraid of becoming the target of cyber-criminals, with 85 percent fearing thieves will steal their credit card data or gain online access to bank accounts.
10 amazing photos: NASA, Michael Phelps, the lunar eclipse and more [Pictures]
From an artist's impression of a growing supermassive black hole to a devotee covered in mud and a covering of dried leaves, we marvel at the images that give a rare glimpse into the world that surrounds us.
China eases government procurement rules after U.S. pressure
China will drop some of the indigenous innovation rules for government purchases that have riled foreign companies, the Ministry of Finance announced, a step a U.S. business group called an important concession.
Visa, MasterCard more investable after new fee rules
The revised Federal Reserve rules governing how much banks charge retailers to process debit card purchases was given a big thumbs-up by some analysts, who expect the rules to be a huge boost to card networks Visa and MasterCard .
Greece passes austerity after trouble-free vote
The Greek parliament passed a second austerity bill Thursday, opening the way for the EU and IMF to release a 12 billion euro ($17 billion) loan installment which Athens urgently needs to stave off bankruptcy.
Anonymous-LulzSec Hacker Hybrid Releases Universal Music, Viacom User Data
The Anonymous-AntiSec-LulzSec has reportedly hacked into the Universal Music and Viacom servers.
Vodafone CFO sees $5.5 billion dividend from Verizon
Vodafone , the world's largest mobile operator by revenue, could receive an annual dividend of $5.5 billion from its stake in Verizon Wireless, its finance officer said.
Five Android Features the Apple iPhone 5 Will NOT Have
A careful analysis of past comments by Apple executives and reports by research firms reveals some features that will not be showcased in the upcoming iPhone 5.
Roskilde Festival to open today; inspirational performances tomorrow
It's easy to get lost in the sheer size of one of Europe's largest music festivals, but the drumming duo from Pakistan won't fall through the cracks.
Wall Street rallies for fourth day into quarter-end
Stocks gained for a fourth straight day on Thursday as equity markets rallied into the end of the quarter, boosted by a surprisingly strong report on manufacturing in the U.S. Midwest.
HSBC adds to sweeping bank job cuts in Europe
HSBC Holdings Plc is poised to chop about 700 jobs in its UK retail bank arm, as staff cuts begin in earnest at banks across Europe battling a limp economic recovery, trading woes and tougher regulation.
Justin Timberlake to take stake in new MySpace
As the social network MySpace is revamping and reinventing itself, Justin Timberlake has decided to be part of the process.
Reid Cancels July 4th Recess
Senators stalled on budget talks will have to miss Fourth of July festivities as the chamber’s top Democrat signaled there will be no recess.
Reid Cancels Congress' July 4th Recess, Cites Debt Deal Work
U.S. Senators stalled on budget talks will have to miss Fourth of July festivities, as the chamber’s top Democrat signaled there will be no recess.
Beijing's Tiananmen Square keeps Mao's spirit alive [Pictures]
Reclusive Chinese painter Ge Xiaoguang's art has gazed over one of the world's most famous city squares for decades.
Exclusive: U.S. small business borrowing surges
Borrowing by small U.S. businesses rose at a record pace in May, data released by PayNet Inc on Thursday showed, a sign that economic growth is poised to pick up in coming months.
Arsenal Transfer Rumours - Fabregas, Nasri, Clichy set to leave, Gervinho, Hazard linked
Arsenal will prepare themselves for a barrage of exits with skipper Cesc Fabregas and fellow first-teamers Samir Nasri and Gael Clichy all ready to move on.
Chevy U.S. car sales at highest brand share in 20 years
General Motors Co's U.S. Chevrolet car sales in the first half of the year are set to reach their highest share for the brand in 20 years, outselling trucks in June for the third straight month.
Jonathan Rhys Meyers: Hospitalized after alleged suicide attempt
The Tudors star, Jonathan Rhys Meyers, was hospitalized after an alleged suicide attempt involving pills in London, according to a report by People Magazine.
Analysts upbeat on Visa, MasterCard after new card fee
The revised Federal Reserve rules governing how much banks charge retailers to process debit card purchases was given a big thumbs-up by analysts, who see the rules being a huge boost to card networks Visa and MasterCard .
Wall Street set to extend 3-day rally as QE2 ends
Stock index futures pointed to a fourth day of gains on Thursday, the day the Federal Reserve ends its massive bond buying program, as the market rallies into the end of the quarter.