World stocks, oil fall ahead of G20; stg hit
World stocks slipped from the previous day's 11-month high on Thursday as falling oil prices and caution ahead of the Group of 20 summit prompted investors to cut back on risky assets.
Belgian tenor Helmut Lotti wants to find his own style
Belgian tenor Helmut Lotti has done Elvis, sung crossover classical music, crooned to stadium audiences across the globe, and even belted out Latino and African hits.
U.S. Treasury says financial system still fragile
The U.S. financial system remains fragile a year after a bank bailout program was initiated and the government needs to be ready to step in to help more if necessary, a senior U.S. Treasury department official said on Thursday.
JPMorgan, Wells overhaul overdraft fees
JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) said on Wednesday they are eliminating some overdraft fees altogether and trimming others, after Bank of America Corp (BAC.N) announced a similar move on Tuesday.
U.S. bank overdraft fee cut may spur more costs
The era of free U.S. bank accounts may be headed for an end, if a new political push to curb overdraft fees is successful.
Opportunity for Dell as supercomputing costs fall
Supercomputing, once the province of a select few, is fast becoming a key business tool, a trend Dell Inc (DELL.O) hopes to capitalize on.
U.S. mortgage rates stay at May low: Freddie Mac
U.S. mortgage rates held at their lowest level since late May in the latest week, low enough to continue to spur home loan demand and help the hard-hit U.S. housing market recover.
Bankruptcy court clears the way for sale of Cubs
The Tribune Co received federal court approval on Thursday to sell the Chicago Cubs baseball team to the Ricketts family for $845 million, part of the bankrupt media company's effort to restructure.
New Michael Jackson single out in October
A new Michael Jackson song, This Is It, will be released as a single on October 12, Sony Music Entertainment announced Wednesday.
A123 soars as much as 41 percent in debut
Lithium-ion car battery maker A123 Systems Inc (AONE.O) shares soared as much as 41 percent in their debut on Thursday in an eagerly anticipated initial public offering.
U.S. existing home sales unexpectedly drop in Aug
Sales of previously owned U.S. homes unexpectedly fell in August, a survey showed on Thursday, a minor setback for the housing market's recovery from a three-year slump.
Kiss, Genesis, Chili Peppers Rock hall contenders
KISS, the Red Hot Chili Peppers, Genesis, the Hollies, LL Cool J and Jimmy Cliff are first-time contenders for induction into the Rock and Roll Hall of Fame, organizers said Wednesday.
Better Place sees price advantage for e-cars: report
Better Place, which is building a global network of charging stations for the electric car industry, expects its e-cars to be significantly cheaper than gasoline-powered counterparts, its CEO was quoted as saying.
U.N. council urges nuclear disarmament, Obama presides
The U.N. Security Council, at a summit chaired by U.S. President Barack Obama, unanimously approved a resolution on Thursday calling on nuclear weapons states to scrap their arsenals.
GM India partnering India's Reva for electric car
General Motors Co's [GM.UL] Indian unit is partnering local firm Reva Electric Car Co to develop electric vehicles for the Indian market, and hopes to start selling a battery-operated small car within a year.
Wall Street drops on US home sales
U.S. stocks fell on Thursday as a surprise decline in existing home sales suggested an economic recovery would be slow, even as initial jobless claims dropped.
Mexico selects Backyard for Oscar consideration
Mexico has selected Carlos Carrera's crime thriller Backyard as its foreign-language Oscar contender for the 82nd Academy Awards.
Carmakers favor US ban on texting while driving
Automakers backed calls to ban drivers on U.S. roads from text messaging with cell phones and other hand-held devices, an issue gaining attention from the Obama administration and Congress.
Barbie leaves her dream house to star in movie
Hollywood screens are usually populated by Barbies, but now the real Barbie is on her way to the big screen.
Silicon Valley eyes long-awaited IPO resurgence
U.S. venture capitalists have had to contend with an IPO market that has been inhospitable -- but finally there are reasons to be optimistic a recovery could be around the corner.
Some U.S. bailout funds won't be recovered: watchdog
U.S. taxpayers will probably never recover all of the hundreds of billions of dollars invested to bail out financial firms, automakers and homeowners, a key watchdog for the program said on Thursday.
Nintendo to cut Wii price by 20 percent
Nintendo Co Ltd will cut the price of its popular Wii video game console by 20 percent, responding to similar cuts by rivals Sony Corp and Microsoft Corp aimed at kick-starting demand.
AIDS vaccine important step against disease
An experimental AIDS vaccine made from two older versions has made major progress in finding an effective way to combat the illness, researchers said on Thursday.
Vodafone launches Internet service in data battle
Vodafone launched a Web service meshing social networks, contacts and entertainment in a bid to fend off stiff competition from Apple,, Google and Nokia.
G20 Leaders in Pittsburgh to Help Boost Global Economy
International leaders representing the Group of 20 leading industrial nations and the European Union are gathering at Pittsburgh in the north eastern U.S. for the next two days to focus on the task of ensuring that the world emerges from the economic crisis as soon as sustainably possible.
Water on the Moon proved, study
Scientists have found strong evidence that there is water on the Moon, according to the journal Science's website.
HIV vaccine trial stopped infection; researchers find
An HIV vaccine showed modest results for the first time contradicting past thoughts that a vaccine for HIV was not possible, researchers found.
GM says sees no sharp slowdown in China car demand
General Motors GM.UL does not expect a sharp slowdown in demand in China's auto market from potential changes in government policy, its China chief said on Thursday.
U.S. home sales, jobless claims unexpectedly drop
The number of U.S. workers filing new claims for jobless benefits fell last week, but a surprise drop in sales of existing homes in August suggested the economy's recovery from a severe recession would be slow.
Car execs most affected by pay cuts -German study
Almost half of Germany's car industry executives had to take pay cuts as a result of the crisis, more than in any other industry, a study showed on Thursday.