PIMCO will change U.S. short bet on recession: Gross
PIMCO's Bill Gross, who runs the world's largest bond fund, said on Friday the only way he would reverse his short position on U.S. government-related bonds is if the United States heads into another recession.
Commodities Panic Subsides, Indians Rush to Buy Gold, Chinese Buy Silver on 31% Dip
Silver Bullion rallied from a drop below $34 per ounce, the fifth daily plunge running and some 31% below last Thursday's new three-decade high. Dollar prices to Buy Gold whipped in a $10 range Friday morning in London, trading up to $1488 per ounce - some 5.5% below Monday's record-high spike- as European equities and global commodities stemmed their losses.
Oil falls, heads for biggest weekly loss on record
Oil fell on Friday, on track for the biggest weekly drop in dollar terms ever, following a torrid 10 percent crash in the previous session.
Vogue cover gets a makeover
Inge Jacobsen transforms April 2011 cover of Vogue into a work of art. Jacobsen hand stitched the Kate Winslet cover connecting embroidery and fashion.
Madrid Open - Nadal surges into semis
World number one Rafael Nadal had an easy cruise into the semifinals of the Madrid Open after a untroubled 6-2 6-2 win over Michael Llodra.
Foxconn Brazil iPad deal facing barriers: reports
Taiwanese electronics giant Foxconn wants to begin assembling iPads in Brazil by July, but it is still seeking tax breaks and other government concessions as part of an investment plan that could be worth up to $12 billion, Brazilian media reported on Friday.
High-frequency aura lifts year after flash crash
Regulators are moving to lift a veil of secrecy over a key constituency on Wall Street a year after the flash crash, but how much disclosure should be required of high-frequency traders remains an open question.
Why Apple Getting ARM For Its Laptops Makes Sense
Analysts say Apple's love of consistency could play a factor into the company switching from Intel to ARM based chips for its PCs and laptops.
Jobs data lifts Wall Street but Greece caps gains
An unexpectedly strong report on U.S. payrolls propelled stocks higher on Friday for the first time this week, but indexes retreated from highs after speculation Greece might leave the euro zone.
Citi seeks shares' past glory with reverse split
Citigroup Inc , which needed $45 billion in U.S. government handouts to survive the financial crisis, is about to paper over a visible remnant of its near-failure: its single-digit share price.
Without Steve Carell, “The Office” ratings go down
Thursday night marked the first episode of The Office without Steve Carell, also known as Michael Scott.
Titan May Have Water Ocean Under The Surface
NASA's Cassini probe, in orbit around Saturn, may have discovered evidence for a liquid ocean under the surface of Titan, Saturn's largest moon.
Facebook Billionaire Mark Zuckerberg's New Home [PHOTOS]
Facebook’s CEO and founder Mark Zuckerberg became first-time homeowner with his recent purchase of a $7 million Palo Alto manse which features five bedrooms, a saltwater pool, a music alcove, five full baths, a spacious porch and glassed-in sunroom.
Blavatnik's Access wins Warner Music for $3.3 billion
Billionaire Len Blavatnik's Access Industries has won the auction to take control of Warner Music Group Corp for $3.3 billion, setting the stage for a possible bid for rival music company EMI Group.
A seat that tweets: designer Chris McNicholl's TweetingSeat [Video]
A student at the University of Dundee has taken the concept of social media quite literally. He has design a park bench where people can be social all the while be voluntarily and involuntarily connected to media by way of a bench that tweets.
Bullard says Fed should wait and see after QE2
The Federal Reserve should keep interest rates on hold for some time after it completes its bond buying to assess its impact on the economy, St. Louis Fed President James Bullard said on Friday.
Oil steadies after 10 percent drop
Oil prices steadied on Friday following a torrid 10 percent slide the previous session, as shellshocked traders mulled market fundamentals and the frenzy this week that wiped out half the year's gains.
Rajaratnam returns to his trial, nursing right foot
Hedge fund founder Raj Rajaratnam, absent for three days from his trial on insider trading charges because of a foot infection, returned to the New York courthouse on Friday wearing a blue vinyl medical shoe.
Jobs data fuels rally but stocks off their highs
An unexpectedly strong report on U.S. payrolls propelled stocks higher on Friday one day after a sell-off, but investors were wary that the market's months-long rally may be near a peak.
Goldman Sachs CEO Blankfein says he won't resign
Goldman Sachs Group Inc Chairman and Chief Executive Lloyd Blankfein said he is not stepping down, despite media reports that he has plans to resign.
Oil rebounds after 10 percent drop
Oil prices bounced back on Friday from a torrid 10 percent slide the previous session, as shellshocked traders mulled market fundamentals and the frenzy this week that wiped out half the year's gains.
Instant View: Job gains largest in 11 months
U.S. employment increased more than expected in April as private companies created jobs at the fast pace in five years, pointing to underlying strength in the economy, even though the jobless rate rose to 9.0 percent.
Smithsonian recognizes video games as an art form in 2012 exhibition
Video games and the Smithsonian American Art museum have something in common: appreciate for art. The Smithsonian has announced that in 2012 it will display the exhibition: The Art of Video Games.
Scenes from the Something Borrowed premiere [PHOTOS]
Something Borrowed comes out this weekend. Starring Ginnifer Goodwin, Kate Hudson, Colin Egglesfield and John Krasinski this film tests various friendships when secrets surface about their relationships.
US could be forced to release Osama pictures under Freedom of Information Act
The US government may be forced to hand out pictures of slain terror leader Osama Bin Laden after the Associated Press news agency lodged a request under the Freedom of Information Act asking to see the pictures, Guardian reports.
Employment Growth Can Thank Housing Market
Though the unemployment rate did tick up to 9%, the U.S. economy had a net increase of 244,000 jobs in April.
BofA to test overdraft program, cut branches
Bank of America Corp will test an overdraft program in the first quarter of next year, allowing customers to accept an overdraft fee when a debit transaction is turned down, a company executive said on Friday.
Stealth Helicopter Used In Bin Laden Raid
At least one of the helicopters used in the raid on Osama bin Laden's compound might have been a new stealth design, according to several reports emerging from the scene.
Last Pass: Overreaction or Compromised Database?
Last Pass says it may have overreacted to an anomaly in its network traffic log, but one security firm isn't so sure.
Wall Street jumps on jobs data, but caution remains
An unexpectedly strong U.S. payrolls report propelled stocks higher on Friday one day after a selloff, but investors were wary that the market's months-long rally may be near a peak.