Probe widens in Galleon case to SAC Capital: report
Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of Steven A. Cohen's SAC Capital Advisors, a sign that the scope of the problem into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal reported, citing people familiar with the matter.
Justin Timberlake gets stay away order against woman
A judge on Friday granted Grammy award-winning singer Justin Timberlake a temporary restraining order against a woman he said was an obsessed, mentally unstable stalker who broke into his home.
Robert Mugabe refuses to budge over cabinet boycott
President Robert Mugabe has shrugged off the former opposition's boycott of Zimbabwe's unity government, saying he would not yield to pressure to make concessions, state media reported on Saturday.
Pakistan troops retake Taliban stronghold in Waziristan
Pakistani forces backed by helicopter gunships and artillery recaptured a strategic town from Taliban militants after fierce fighting, officials said on Saturday.
Merkel promises tax relief but financing unclear
Chancellor Angela Merkel sealed a coalition deal with the Free Democrats (FDP) on Saturday, promising to revive the German economy with billions of euros in tax relief but failing to spell out how the government will pay for the cuts.
What is the East Asia Summit all about?
The East Asia Summit, bringing together the 10-member Association of South-East Asian Nations (ASEAN) and six dialogue partners, will be held in the Thai seaside resort of Hua Hin on Sunday.
Japan pushes for East Asia bloc
Japan's prime minister backed a U.S. role for a proposed EU-style Asian community on Saturday, telling Southeast Asian leaders Tokyo's alliance with Washington was at the heart of its diplomacy.
Taliban threaten Afghan run-off vote
The Taliban called on Afghans on Saturday to boycott next month's presidential election run-off and vowed to disrupt voting in a repeat of their threat to derail the disputed first round.
Iran hardline lawmakers carp nuclear fuel deal
Influential Iranian lawmakers on Saturday criticised a U.N.-drafted agreement that requires Tehran to send its atomic stockpile abroad for further processing, the student news agency ISNA reported.
Abbas insists on January date for Palestinian vote
Palestinian President Mahmoud Abbas said on Saturday he was pressing ahead with January elections but held out hope that reconciliation with his Hamas rivals could still be achieved.
Companies reap the swine flu windfall
Healthcare companies are reaping the benefits of a global swine flu pandemic, brightening what might otherwise have been a dismal third quarter and bringing new focus on the market for vaccines.
Animal slaughter for the World Cup?
South African traditional leaders plan to perform ritual animal slaughters to bless stadiums for the 2010 World Cup tournament ahead of the start of the showcase event next June, they said on Friday.
EXCLUSIVE: Former Calpers CIO says did right thing
Russell Read does not regret pushing Calpers, the biggest U.S. public pension fund, into investment frontiers that consultants avoid -- and he sees the public pension funds at a crossroads on what to do next.
Saudi SABB bank books $94 mln for Q3 loan losses
SABB bank , HSBC's Saudi affiliate, booked 351.5 million riyal ($93.7 million) in provisions for loan losses during the third quarter, bourse data showed on Saturday.
Lenovo expects big PC sales boost from Windows 7
Lenovo, the world's fourth-biggest personal computer maker, expects a boost in its PC sales from the launch of Microsoft's new operating system, Windows 7, its chairman said on Saturday.
World's Worst Airports
London's Heathrow Airport has been voted the worst airport in the world for the second year running in a poll of 14,500 frequent fliers while Singapore's Changi was again ranked as the best.
Carl Icahn quits Yahoo board, commends CEO
Billionaire activist investor Carl Icahn gave up his seat on the Yahoo Inc board of directors on Friday, closing a tumultuous chapter in the Internet company's 15-year history.
Health reform a slow moving freight train
Health reform negotiations have moved behind closed doors in Congress, but chances are high that a bill will pass this year -- even if it doesn't do all that much to revamp the nation's swelling $2.5 trillion health care system.
Soros says taxpayers right to resent bank bonuses
Billionaire investor George Soros said U.S. taxpayers were entitled to resent bankers' bonuses because their profits were funded by government bailouts, according to an interview published in the Financial Times.
Companies still hoard cash
Revitalized credit markets have cast a funding lifeline to U.S. companies and banks, but many companies are still hoarding their cash, a practice that may delay a full-fledged recovery.
Central banks pressured to maintain loose policy
Central banks that worked hand in hand with governments to contain the financial crisis may succumb to political pressure and delay unwinding ultra-loose monetary policy, risking igniting inflation and speculative bubbles.
Galleon insider trading web extends back to 1990s
An informant in the Galleon Group insider trading scandal had a history of sending tips to the firm, according to a court document that surfaced on Friday.
Icahn quits Yahoo board, commends CEO
Billionaire activist investor Carl Icahn gave up his seat on the Yahoo Inc board of directors on Friday, closing a tumultuous chapter in the Internet company's 15-year history.
CIT presses bondholders to agree to restructuring
CIT Group Inc warned bond holders that if they failed to exchange their debt or approve a prepackaged bankruptcy, the commercial finance company -- and its debt investors' returns -- could suffer mightily.
AIG to disburse $12 million in delayed exec payments
AIG , the insurer that received a huge government bail out, said on Friday it is paying $12.1 million in retention awards to some top executives after U.S. pay czar Kenneth Feinberg gave it the green light.
Apple's iPhone making iPod obsolete
Apple on Monday reported better-than-expected profits and sales which smashed Wall Street's forecasts, lifted by record quarter sales of iPhones and Macs.
Bernanke Prods Congress for Financial Reform
Federal Reserve Chief Ben Bernanke, seeking policy solutions to manage financial risks as the nation exits a severe economic crisis, on Friday stressed the critical need for Congress take action to tighten finance laws and give greater powers to the government's financial supervisors.
Iran ignores U.N. nuclear deadline
Iran ignored a U.N. deadline on Friday to respond to an international draft deal for it to cut an atomic stockpile the West fears could be used for weapons, and challenged the basis of the pact.
Carl Icahn resigns from Yahoo board
Activist investor Carl Icahn resigned from the board of Yahoo Inc on Friday, a little more than a year after winning a seat in the wake of its protracted takeover talks with Microsoft Corp .
Icahn resigns from Yahoo board
Activist investor Carl Icahn resigned from the board of Yahoo Inc on Friday, a little more than a year after winning a seat in the wake of its protracted takeover talks with Microsoft Corp .
