U.S. consumer prices up 0.4 percent in August
U.S. consumer prices rose faster than expected in August from July on a spike in gasoline costs, government data showed on Wednesday, but the underlying trend pointed to muted inflation pressures.
Kate Winslet, Michelle Obama make People's best-dressed
British actress Kate Winslet lead the pack of People magazine's 10 best-dressed women of 2009, with U.S. first lady Michelle Obama chosen for best accessible glamour.
Watch and wait good option in prostate cancer: study
Doctors caring for patients with early stage prostate cancer may do better to watch and wait to see if tumors develop rather than engage in aggressive treatment that may do no good, scientists said on Tuesday.
Goldman Sachs downgrades General Mills
Goldman Sachs downgraded General Mills Inc to neutral and removed the stock from its Americas buy list, saying revenue growth at the food company could moderate and no longer outshine peers.
West apologizes to Swift, Obama weighs in on furor
Rap star Kanye West personally apologized on Tuesday to country teen star Taylor Swift after a two-day furor over his hijacking of an awards speech that even drew an off-the-cuff comment from PresidentBarack Obama.
FCC to take another look at Janet Jackson case
The U.S. Federal Communications Commission said on Tuesday the agency will review the incident involving a fleeting glimpse of pop singer Janet Jackson's breast during the 2004 American football championship.
Harrah's buys debt tied to Planet Hollywood - WSJ
Harrah's Entertainment, one of the world's largest casino operators, bought $140 million of the debt related to the Planet Hollywood Resort & Casino in Las Vegas, the Wall Street Journal reported, citing people familiar with the matter.
U.S. workers' health costs soaring, studies show
U.S. workers getting health insurance for their families through employers have seen their premiums more than double in the last decade and the trend toward higher health costs is expected to continue, according to two reports released on Tuesday.
Jay Leno draws bumper audience, critics lukewarm
Jay Leno's closely watched new prime-time TV show drew a bumper audience of nearly 18 million viewers, cheering executives at struggling NBC on Tuesday but leaving TV critics underwhelmed.
Nelly Furtado releases Spanish album aimed at Latino market
Canadian singer/songwriter Nelly Furtado has embraced her Latin roots -- and the Latino music market -- with the release of her first Spanish language album, Mi Plan.
U.S. approves H1N1 vaccine, says enough for everyone
U.S. health officials have approved vaccines from four drugmakers to help prevent the H1N1swine flu, ensuring there will be enough to inoculate Americans who want the protection, U.S. Health Secretary Kathleen Sebelius told lawmakers on Tuesday.
Chrysler turnaround slow progress: CEO
Chrysler Group LLC will present a five-year business plan by the end of November that outlines numbers and the path out of two years of difficulties, its chief executive said on Wednesday.
Ron Howard taxman comedy lands at Fox
His previous pet TV project, Arrested Development, became one of the most acclaimed series of the past decade.
DVRs dominate talk at confab
Jay Leno and Jeff Zucker have been thinking a lot about TiVo lately. And, at least in the case of the NBC Universal boss, not entirely in a good way.
U.S. seeks bundled payment for kidney dialysis
The U.S. health insurance program for the elderly, disabled and poor is seeking to pay one lump sum for all costs related to kidney dialysis, including prescription drugs, the Centers for Medicare & Medicaid Services (CMS) said on Tuesday.
Bob Dylan to exhibit artwork in Denmark
He writes, he sings, he sometimes exchanges blows in the boxing ring. But Bob Dylan is also familiar with another type of canvas as a quietly prolific painter.
Geely considers bond, says unrelated to Volvo
Geely Automotive (0175.HK), the Chinese carmaker whose parent is eyeing Ford's (F.N) Volvo unit, said it was considering a convertible bond issue, but added that the move is unrelated to the parent company's previously disclosed interest in the Ford unit.
Downturn may cost 25 million jobs in OECD countries
The economic downturn will likely cost as many as 25 million people their jobs by end-2010 as the unemployment rate nears a record 10 percent in the OECD group of countries, according to a report released on Wednesday.
Raymond Clark III tested for DNA on Annie Le murder
Police took into custody Raymond Clark 3rd on Tuesday, a person of interest but not a suspect in the killing of Yale graduate student Annie Le.
BMW needs no more job cuts
BMW, the world's biggest premium carmaker, would not need to make more job cuts even if a second wave of the global financial crisis would hit, personnel chief Harald Krueger told Reuters.
Wall Street rises on commods, M&A; data supports recovery
U.S. stocks rose slightly on Wednesday on gains in commodity prices and renewed merger and acquisition activity.
U.S. inflation reading tame, output rises again
Higher gasoline costs pushed up U.S. consumer prices in August while industrial output increased for a second consecutive month, according to data on Wednesday that reinforced hopes the economy was finally on the mend.
Oil flat on weak demand, signs of recovery support
Oil eased to around $71 a barrel on Wednesday after a bigger-than-forecast rise in U.S. fuel stocks offset positive expectations for the world economy that spurred other markets higher.
United Air says liquidity initiatives on tap
UAL Corp, parent of United Airlines, said it expects to be in full compliance with its credit facility covenants in the third quarter and has liquidity initiatives on tap for the fourth quarter.
Senate panel to release healthcare plan
Democratic U.S. Senator Max Baucus unveils a long-awaited healthcare overhaul on Wednesday that would dramatically revamp insurance rules but does not include a government-run option backed by liberal Democrats.
US mortgage demand drops, supply caps improvement
Demand for U.S. home loans fell as fixed mortgage rates rose last week in a banking period shortened by the Labor Day holiday, the Mortgage Bankers Association said on Wednesday.
Somali rebels call for foreign reinforcements
Somalia's al Shabaab insurgents called on Wednesday for more foreign militants to join them in the failed Horn of Africa state after U.S. forces killed one of the region's most wanted al Qaeda suspects.
Brokers turn to auctions to sell commercial property
Some of the world's largest commercial real estate service companies are turning to online auctions to sell property and debt to help kick-start the stalled U.S. commercial real estate market.
No sign of settlement deal after U.S.-Israel talks
The United States and Israel ended another round of talks on Wednesday with no sign yet of a deal on a West Bank settlement freeze, but a U.S. envoy planned to meet again with Prime Minister Benjamin Netanyahu on Friday.
EU's Barroso wins strong mandate for new term
European Commission President Jose Manuel Barroso secured a second five-year term on Wednesday in a vote at the European Parliament.