Japan to unveil nuclear operator Tepco compensation scheme
Japan is expected to unveil a scheme on Thursday that includes a $62 billion fund injection to help Tokyo Electric Power <9501.T> compensate victims of the crisis at its tsunami-crippled nuclear plant and save Asia's largest utility from financial ruin.
May 21, 2011 'Judgment Day' rumors trigger fear of end of the world
According to Harold Camping, leader of the independent Christian ministry Family Radio Worldwide, the world is going to end on May 21.
Asia stocks fall sharply on weaker commodities
Asian share markets tumbled on Thursday after a second big sell-off in commodities in less than a week curbed investor appetite for riskier investments and boosted the U.S. dollar, while a short-lived recovery in oil prices was wiped out in late trade.
Reserve-rich Asia wary of U.S. debt debate but keeps buying
Asia's reserve-rich nations see no viable option but to keep on purchasing U.S. government debt despite their uneasiness about Washington's fraught political battle over public spending.
Takeda in talks to buy Nycomed in $14.2 billion deal: report
Japan's largest drugmaker Takeda Pharmaceutical Co is in talks to buy privately-held Swiss rival Nycomed in a deal that could be valued at about $14.2 billion, Bloomberg said, citing two people with knowledge of the matter.
Oil rebounds 1 percent on robust demand from Asia
Oil rebounded by about $1 on Thursday as investors focused on strong demand growth in Asia after a sell-off the previous day triggered by a surprise increase in U.S. gasoline stockpiles.
Al-Qaida warns US of worse terror attacks in days ahead
The head of al-Qaida's Yemen-based wing has vowed to fight on after the killing of Osama bin Laden, saying: What is coming is greater and worse in a statement posted on the internet on Wednesday.
Foreclosures fall in April amid paperwork issues
The number of Americans who lost their homes to the bank fell in April as faulty paperwork continued to slow foreclosure activity, which fell to a more than three-year low, a closely watched survey said on Thursday.
Google's self drive car to hit Nevada if legislation gets through
Search engine behemoth Google's self drive car is likely to hit street in Nevada if a pair of legislation get through the state legislature.
Feds get guilty plea in expert network insider probe
On the same day that a jury convicted hedge fund manager Raj Rajaratnam, federal prosecutors notched another victory when a former account manager at a semiconductor company, Manosha Karunatilaka, pleaded guilty to charges of insider trading.
Commodities fall hits Asian markets
Asian share markets fell on Thursday after a second big sell-off in commodities in less than a week cut investor appetite for riskier investments and boosted the U.S. dollar, although oil prices clawed back some losses in early trade.
AIG's $9 billion offering could be pulled: sources
American International Group and theTreasury on Wednesday said they will sell around $9 billion in AIG stock, but sources familiar with the situation said the Treasury would pull the sale if it cannot be done profitably.
SAC's Cohen faces pressure but sticks with investing
Steven A. Cohen's $13 billion fund firm is facing scrutiny from U.S. regulators but in a rare public appearance on Wednesday the hedge fund manager said he has no plans of quitting what he loves doing.
Cisco warns of revenue miss
Cisco Systems Inc warned that this quarter will be even worse than Wall Street's already low expectations and it laid out plans for global job cuts as it struggles to revive growth.
Heat Finishes off Celtics in Game 5, Reaches Eastern Finals
Lebron scored the last 10 points for the Heat to beat the Celtics in game 5 to win the series 4-1.
Rajaratnam verdict shocks some at hedge fund event
Some hedge fund managers and investors attending a conference here audibly gasped when the news flashed on TV screens that Raj Rajaratnam had been convicted on all 14 counts of insider trading.
Cannes Red Carpet - Photos of the stars
The Cannes Film Festival opened today, starting by rolling out the red carpet for the stars. The first part of the program on Wednesday was a black-tie screening of Woody Allen's Midnight in Paris.
State Street says SEC probes its forex pricing
State Street Corp , the world's third largest institutional investor, said it was under investigation by the Securities and Exchange Commission for its foreign exchange pricing methods for pension plans.
Oprah Soon on Broadway, This is Really Going to Happen
Oprah Winfrey will soon return to acting, nowhere else but on Broadway, and this is really going to happen.
Inside Microsoft's Historic Skype Purchase [PHOTOS]
On Tuesday Microsoft announced details of a $8.5 billion acquisition of online communications company Skype.
SAC's Cohen says firm cooperating with probe
Hedge fund manager Steven A. Cohen, whose SAC Capital Advisors has drawn scrutiny from prosecutors probing insider trading, said his firm has and will cooperate with all government investigations.
Analysis: Rajaratnam defense gambles -- and loses big
As a court official read the verdict aloud in a Manhattan federal courtroom, hedge fund founder Raj Rajaratnam's lead lawyer John Dowd began ticking off the guilty counts on his verdict sheet.
Cisco warns of weak Q4, shares reverse course
Cisco Systems Inc warned of another weak quarter as it struggles to revive growth, reversing a brief share rally after quarterly earnings beat Wall Street expectations.
Amazon could cut ties in more states over tax dispute
Amazon.com could cut its partnership with affiliates in more U.S. states that require the online retailer to collect sales tax, Chief Executive Jeff Bezos said on Wednesday.
Rajaratnam convicted on all insider trading charges
Hedge fund founder Raj Rajaratnam was found guilty on all 14 counts of insider trading in a sweeping victory for the government and a vindication of its aggressive use of phone taps to pursue Wall Street crimes.
Oil down 5 percent, gasoline drop briefly halts U.S. trade
Oil prices tumbled nearly 5 percent on Wednesday, as easing supply concerns sent gasoline into a tailspin that briefly forced trading on the New York Mercantile Exchange to stop.
Google launches Chrome PCs, takes on Microsoft
Samsung and Acer Inc laptop computers using Google's Chrome operating system will go on sale in June, as the world's No. 1 Internet search engine tries to entice people to do more on the Web.
Democratic Foe Gingrich Aims for White House
Longtime Republican foe of Washington Democrats Newt Gingrich threw his name into the ring of the 2012 presidential race, even as the White House said President Barack Obama hasn't opined on the GOP process.
Cisco results beats Street view, shares rise
Cisco Systems Inc, the world's biggest networking equipment maker, reported quarterly earnings above Wall Street projections as profit margins beat its own expectations.
Commodity fall sparks flight from stocks
Stocks nearly erased a three-day rally on Wednesday as energy and other commodity shares sank, feeding worries about the market's ability to stay on its upward path.
