Australian author saves tsunami village, rescues self
At the lowest point in his life, former Australian army engineer Donny Paterson broke into a clinic to steal drugs to feed his morphine addiction, but 2004's devastating Indian Ocean tsunami saved him from himself.
Baz Luhrmann's Australia snubbed in home film awards
Australian director Baz Luhrmann's outback epic Australia was passed over on Wednesday for the top film awards in his home country, presented by the Australian Film Institute.
U.S. pay czar: reworking 2010 AIG bonuses a priority
The Obama administration's pay czar said on Wednesday that renegotiating guaranteed bonus contracts at American International Group's AIG Financial Products unit was a top priority for him in 2010.
Patrick Swayze's widow talks about his death to Oprah
Patrick Swayze's widow, Lisa Niemi, will talk about loving -- and losing -- her Hollywood star husband in an interview with talk show host Oprah Winfrey due to be aired on Friday.
Ex-client of UBS gets house arrest for tax fraud
A former client of UBS AG who cooperated in a U.S. probe of the Swiss bank's ties with wealthy Americans hiding money overseas was sentenced to one year house arrest and a fine on Wednesday for a multimillion-dollar tax evasion scheme.
Pay czar vows to rework 2010 AIG bonuses
Renegotiating bonuses to American International Group employees is a top priority, the Obama administration's pay czar said on Wednesday, adding he believes he can do so without losing key employees.
Pay czar vows to rework AIG bonuses
Renegotiating bonuses to American International Group employees is a top priority, the Obama administration's pay czar said on Wednesday, adding he believes he can do so without losing key employees.
Verizon's Motorola Droid price and release date confirmed
After weeks of buzz, Verizon Wireless today officially took the wraps off the Droid, a smartphone built by Motorola and powered by Google's Android 2.0 operating system, by confirming the new phone will hit stores on November 6.
Wall St falls on data, lowered Goldman forecast
The benchmark S&P 500 index fell for a fourth straight day on Wednesday after disappointing housing data and a lower forecast for third-quarter U.S. growth by Goldman Sachs.
Motorola's Droid has Google navigation features
Motorola Inc's new Droid phone will be the first to use navigation software from Google Inc, in a direct challenge to GPS device makers Garmin and TomTom.
U.S. manufacturers more optimistic: survey
More U.S. manufacturers are optimistic about the economy, but poor demand remains a top concern, according to a survey.
New home sales drop, durable goods orders rise
Sales of new U.S. homes unexpectedly tumbled in September, their first drop in six months, underscoring the hazards to an economic recovery even as businesses appeared to be stepping up investment.
Coke, Pepsi bottlers see sales fall
Coca-Cola Enterprises Inc and PepsiAmericas Inc sold fewer soft drinks in the United States than analysts anticipated, signaling that consumers remain cautious about spending and pushing shares of both bottlers down.
Calpers CIO says no moral hazard in state guarantee
Calpers, the nation's largest public pension fund, does not face moral hazard despite state guarantees of pension solvency, the funds chief investment officer said on CNBC on Wednesday, in comments responding to a Reuters report.
Canadian graphite junior to list as prices rise
Industrial Minerals Canada, a junior graphite company, said on Wednesday it aims to list on the Toronto Venture Exchange via the takeover of capital pool company Rattlesnake Ventures, and rename itself Northern Graphite Corp.
Malaysia's Maxis IPO gets 4 cornerstone investors
Malaysia's biggest mobile operator Maxis has secured four cornerstone investors who will buy 28 percent of its roughly $3.7 billion initial public offering, Southeast Asia's largest in over a decade.
Vitamin Shoppe IPO prices above range, Addus below
Vitamin Shoppe Inc priced shares in its initial public offering above expectations and became the first retailer in two years to go public, while home health care provider Addus Home Care Corp's IPO priced below estimates but was increased in size.
Motorola Droid: First Android Phone with Google's Navigation App
Google has publicly dished on its new turn-by-direction service, Google Navigation, which will be available on Android 2.0 mobile devices.
Thrills, links critical as greed in insider cases
Insider traders may have taken the greed-is-good mantra to heart, but it's not the only thing that motivates them.
Pay czar says reworking AIG bonuses a priority
The Obama administration's pay czar said on Wednesday that renegotiating guaranteed bonus contracts at American International Group's AIG Financial Products unit was a top priority for him in 2010.
Conoco profit falls 71 percent, but tops estimates
ConocoPhillips reported a 71 percent decline in third-quarter profit on Wednesday as weak demand for fuel hurt its refining business and oil prices fell from a year earlier, but the results exceeded Wall Street estimates.
Monex buys Orix unit to form No.2 Japan online broker
Monex Group Inc, Japan's No. 3 online broker, will buy the securities unit of Orix Corp for about $246 million in stock, in a deal that will create the country's second-largest online broker.
Centrica windfarm deal shows new investor interest
Centrica Plc, owner of the British Gas brand, will sell a 50 percent stake in three wind farms to U.S. based TCW, signalling renewed investment interest in an industry where recession has crimped financing.
ConocoPhillips profit down 71 percent
ConocoPhillips reported on Wednesday a 71 percent decline in its quarterly profit as weak demand for fuel hurt its refining business and oil prices fell from a year-ago.
Evercore Partners Q3 tops estimates; to hire more
U.S. merger advisory boutique Evercore Partners Inc reported a quarterly profit above analysts average estimate, helped by strong revenue from its advisory business, and increased its quarterly dividend by 25 percent.
General Dynamics profit tops view; boosts forecast
General Dynamics Corp reported a better-than-expected quarterly profit on Wednesday as strength in defense sales helped offset weakness in business jets.
Wall St tumbles as investors fret about rally's legs
U.S. stocks slipped on Wednesday as investors fretted about a lack of catalysts that would extend the current seven-month rally, especially after disappointing September new home sales data.
Blackstone in talks to cut Hilton debt: source
Private equity firm Blackstone Group is talking to lenders about cutting up to $5 billion of debt held by its Hilton Hotels chain, a source familiar with the situation said on Wednesday.
Conoco profit falls 71 percent, but tops Street
ConocoPhillips reported a 71 percent decline in third-quarter profit on Wednesday as weak demand for fuel hurt its refining business and oil prices fell from a year earlier, but the results exceeded Wall Street estimates.
Google drives into navigation market
Google Inc is adding Garmin Ltd and TomTom to its growing list of rivals as the Internet search giant weaves technology for driving directions into new versions of its smartphone software.