Markets close lower for year, Cisco down late
Stocks erased the year's gains in the broadest selloff in a month-and-a-half on Wednesday as fears of sustained global economic stagnation caused investors to flee to safer assets.
Markets slump on economic worry, turn red for year
U.S. stocks turned negative for the year on Wednesday as softer Chinese factory data and a weaker outlook from the Federal Reserve increased worries about the recovery and sparked a selloff.
Menstrual pain changes brain’s workings, experts say
Experts reveal period pain may change the way women's brains function and how they deal with aches throughout the body even if there are no monthly cramps that come with their menstrual cycle.
Fortress to buy most of AIG consumer finance unit
American International Group Inc is selling most of its consumer finance unit to hedge fund and private equity firm Fortress Investment Group at a deep discount and taking a $1.9 billion pretax loss due to the sale.
U.S. expands homeowner aid for jobless
The Obama administration on Wednesday nearly doubled to $4.1 billion the size of its foreclosure prevention program to help struggling homeowners hardest hit by falling home prices and rising unemployment.
Pain relief possible through snail venom
Australian scientists have created a snail-venom inspired medication that can offer powerful relief for people who have severe and chronic pain.
Wall Street in red for year on economic worry
Stocks tumbled 2 percent and turned negative for the year on Wednesday as softer Chinese factory data and a weaker outlook from the Federal Reserve increased worries about the recovery.
Corrected: Wall Street in red for year on economic worry
(Corrects to say softer instead of softer-than-expected Chinese factory data in first paragraph)
7 Celebrity Fad Diets
Oh, Hollywood celebrities... their lifestyles are just as wild as their eating habits.
India steps up demands for BlackBerry access
Indian demands are giving a new headache to BlackBerry maker Research in Motion after New Delhi threatened a shutdown that could affect one million of the smartphone's 41 million users.
Google to handle some ad sales on DirecTV
Google Inc said on Wednesday it will sell advertising spots on 11 cable networks carried by satellite television operator DirecTV Group.
Treasury expands homeowner aid for jobless
Unemployed homeowners in 17 U.S. states and the District of Columbia will soon be eligible for government help to avert foreclosure under a $2 billion program announced on Wednesday.
Wall Street tumbles on renewed recovery worries
Stocks dropped more than 2 percent on Wednesday as worse-than-expected Chinese factory data and a weaker outlook from the Federal Reserve added to worries about the economic recovery.
Young people favor GPs for contraception advice, survey reveals
A survey conducted by Family Planning NSW with online networking web site MySpace Australia found young people are more likely to discuss with their friends about sex and their bodies, and favors GPs for advice on contraception.
Removal of asbestos-tainted soil from school field sought
The Asbestos Diseases Foundation of Australia has called for the removal of soil beneath the playing fields of a Catholic high school at Westmead due to suspicion that it is contaminated with asbestos fibre.
Panel urges big thinking in flash crash response
U.S. securities regulators said on Wednesday they are moving forward with technical fixes to the still-unexplained May flash crash, but some market players say they want a more wholesale review of high-speed trading.
Wall St tumbles on renewed recovery worries
Stocks dropped more than 2 percent on Wednesday as worse-than-expected Chinese factory data and a weaker outlook from the Federal Reserve added to worries about the economic recovery.
Research shows Australian kids experiment with steroids
A significant survey conducted on the use of muscle enhancing injections in secondary schools across Australia show that steroid use among Australian kids is higher than that of the general population.
Doctors remove green pea growing in man’s lung
A man from Massachusetts, USA was finally relieved from months of coughing after doctors traced the problem to a green pea growing inside one of his lungs.
Defeating cancer is only the first step, says Australian physiologist
After beating cancer, while the body is clear from harm's way, the mind of survivors may not be as ready to go back to its normal cancer-free state.
U.S. job openings flat at 2.9 million in June
U.S. job openings were flat in June while the number of new hires slipped, according to a government report on Wednesday that underscored the persistent weakness in the labor market.
Record low mortgage rates do little for demand
Home loan demand climbed last week but record low mortgage rates failed to light a fire in a market constrained by unemployment and tight lending practices.
Philanthropy becoming new status symbol for wealthy
As dozens of U.S. billionaires pledge their fortunes to charity and the country struggles to shake off recession, philanthropy is a growing status symbol of the rich, experts say.
Unemployment drives more home sellers to cut price
Owners cut prices on one-quarter of U.S. homes listed for sale in July, a fourth straight monthly rise, as job market fallout trumped record low mortgage rates, real estate website Trulia.com said on Wednesday.
‘Quiet’ flu year for Australia, says Sydney virologist
A senior virologist declared on Wednesday a very quiet flu year for Australia as influenza infection rate, including cases of swine flu, has been reduced.
Wall Street down sharply on economic uncertainty
Stocks fell sharply on Wednesday after weaker manufacturing data from China and a gloomier growth outlook from the Federal Reserve heightened fears of a lackluster global economic recovery.
Job openings flat at 2.9 million in June
U.S. job openings were flat in June while the number of new hires slipped, according to a government report on Wednesday that underscored the persistent weakness in the labor market.
Fixes large and small debated after flash crash
Securities regulators on Wednesday said they are moving forward with technical fixes in the wake of the still-unexplained May flash crash, but some market players say they want a more wholesale review of high-speed trading.
Macy's gains market share and sees better sales
Macy's Inc quarterly results on Wednesday showed that the department store retailer boosted sales and gained market share without relying as much on discounts as it rivals did to get shoppers into stores.
BoE forecasts leaves scope for further easing
The Bank of England left the door open on Wednesday for more monetary easing, cutting its forecast for UK economic growth and predicting that inflation would fall well below its 2 percent target in two years.