Greece mustn't default, ECB's Bini Smaghi tells FT
The idea that a Greek debt restructuring could be carried out in an orderly way is a fairytale, European Central Bank board member Lorenzo Bini Smaghi told the Financial Times in an interview published on Monday.
Lockheed Hunting Cyber Attackers
Dozens of Internet and network security experts from the government and industry are working to discover the origins of last week's attack on Lockheed Martin Corp's computer networks, according to a new report.
Saudi Prince seeks lower oil prices
Saudi Arabian prince Alwaleed bin Talal would like to see oil prices drop to the $70-$80 a barrel range in a move to thwart western development in alternate fuels.
Repeated Flu Vaccine Shot May Not Be Required
The Centers for Disease Control and Prevention (CDC) have recommended that people get a flu shot. However, vaccine producers are saying that the ones who already got the shot may not need to get it again.
Mark Zuckerberg Butchers Animal to Eat
Mark Zuckerberg - when he's not building Facebook - likes to give himself personal challenges to learn something about the world, expand my interests and teach myself greater discipline, he recently told a magazine.
Sheepshead Bay shooting killed two, wounded one, no arrests yet
Early Sunday morning, around 5 a.m., a triple shooting awoke the neighborhood of a courtyard at the Sheepshead Bay Houses on Avenue W near Nostrand Avenue in Brooklyn.
Sarah Palin Kicks Off 'One Nation' Tour in D.C. on a Harley [PHOTOS]
Sarah Palin kicked off her 'One Nation' tour in Washington D.C. on Sunday, riding a Harley-Davidson motorcycle to honor U.S. veterans, marking the start of a short tour that will take her to New England as speculation mounts about her willingness to mount a presidential run.
EU, IMF expected to judge Greece as protests swell
European and IMF officials are expected to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control, but ordinary Greeks have warned that their patience is running thin.
[PHOTOS] Indy 500 Results : Wheldon Wins, Danica Patrick Ends 10th
Dan Wheldon won his second Indianapolis 500 race in a spectacular fashion as race leader J.R. Hildebrand crashed in the last turn before the finish line.
Beware a manufacturing slowdown
Add a manufacturing slowdown to the growing risks facing the world economy.
Indy 500 Results: Wheldon wins, Hildebrand crashes [PHOTOS]
Dan Wheldon won his second Indianapolis 500 race in a spectacular fashion as race leader J.R. Hildebrand crashed in the last turn before the finish line.
Lockheed's cyber cops sift through hacker evidence
Last week's attack on Lockheed Martin Corp's computer networks has galvanized dozens of cyber detectives at the company's cavernous security intelligence center outside Washington.
Luke Donald Becomes No.1 Golfer, Replaces Westwood
Luke Donald, 33-years-old, has gained the world No.1 ranking in professional golf on Sunday after beating Lee Westwood at the BMW PGA Championship in Britain.
Nervous investors to seek bigger returns
The world looks a lot more dangerous than it did only a few months ago and signs are that U.S. stock investors are starting to demand more for the added risk.
Can Your Job Make You Fat? Study Says Yes
According to a new study the increase in desk jobs for the last 50 years may be the major cause for the risen obesity rate in United States.
Yankees solve King Felix, then lose in 12
The New York Yankees figured out how to beat Seattle ace Felix Hernandez, but still couldn't beat the Mariners as they dropped their second game in a row, 5-4.
Lagarde has G8 backing
G8 leaders all back French Finance Minister Christine Lagarde's bid to run the IMF, Foreign Minister Alain Juppe said Sunday, as she attacked a call to investigate her role in a 2008 legal case that may harm her chances.
Lockheed says frequent cyber target from around world
Lockheed Martin Corp, the U.S. government's No. 1 provider of information technology services, said on Sunday that a tenacious cyberattack on its network last weekend was part of a pattern of frequent attacks on it from around the world.
Strauss-Kahn assembles crisis team to fight back
Faced with a legal and media onslaught, Dominique Strauss-Kahn is pulling together a crack team of investigators, former spies and media advisers to fight back against charges he sexually assaulted a hotel chambermaid.
Ireland may need more EU/IMF cash: minister
Ireland may have to ask for another loan from the European Union and International Monetary Fund because it will struggle to return to debt markets to raise funds next year, a government minister said on Sunday.
LSE says not in talks with LCH.Clearnet
The London Stock Exchange said it is not in talks with LCH.Clearnet, following speculation that it had been one of a number of exchanges that had made a bid for the European clearinghouse.
BP spill fund winding down after $4 billion paid out: report
The fund BP set up to deal with compensation claims after 2010's Gulf of Mexico oil spill is starting to wind down after paying out around $4 billion of the $20 billion set aside by the oil firm, the Sunday Telegraph reported.
G8 leaders unanimously back Lagarde IMF bid: Juppe
Group of Eight leaders unanimously back French Finance Minister Christine Lagarde's bid to become the next head of the International Monetary Fund, Foreign Minister Alain Juppe said on Sunday.
Ireland not at immediate risk from Greece: deputy PM
Ireland would not face any immediate threat if Greece had to default on its debts, the country's deputy prime minister said on Sunday.
Mubarak, ex-officials fined $90 million for telecom shutdown
An Egyptian court fined former president Hosni Mubarak and his two ministers $90 million for shutting down the telecommunication services during the uprisings.
Iraqi tribal disputes pose new challenge to oil firms
Sitting in his reed meeting house in what was once Iraq's marshes, sheikh Rashash al-Imara warns of potential trouble if his poor tribesmen are driven off their land by foreign companies digging for oil.
Deadly E.coli cucumbers kill 10 Germans, other countries at risk
In Germany, the current outbreak of E.coli found in cucumbers have claimed two more lives, totaling 10 deaths and over 300 infected. Concerns have been raised as other countries with cucumber shipments may also be at risk. The outbreak started with the shipment of Spanish cucumbers from farms in Malaga and Almeria, which may have been the main cause according to German health chiefs. No official evidence has linked Spain to the outbreak.
IMF says reports on Greece missing fiscal targets untrue
The International Monetary Fund on Sunday dismissed reports that an international inspection team had found that Greece has missed all its fiscal targets.
EADS CEO seeks veto right against hostile takeovers
The head of Airbus parent EADS is pushing for a veto right to be introduced in the defense industry to prevent hostile takeovers, a German magazine reported on Sunday.
Greeks favor selloffs to end debt crisis: poll
An overwhelming majority of Greeks are in favor of selling and developing state assets to raise 50 billion euros ($71.19 billion) to avoid a default on the country's crippling debt load, a poll found on Sunday.