Wall Street ponders pay czar's move on clawbacks
Wall Street is warily watching the Obama administration's pay czar and wondering if he will flex his muscle to claw back past bonuses paid to some of the biggest players in high finance.
Migrant children's risky trips to U.S. in new film
With a rolled-up mat slung over his back, Honduran 14-year-old Kevin climbs aboard a Mexican freight train for a 1,450-mile (2,330-km) journey to the U.S. border -- a perilous ride spotlighted by a new documentary.
NBC and NFL agree on two year television extension
The National Football League extended its six-year television deal with NBC by another two years on Wednesday, following similar deals last spring with broadcast networks CBS and Fox.
Strait dethrones Jackson on album chart
The King of Pop stepped aside for the King of Country on Wednesday, when George Strait's
New indie film companies look for market rebound
Looking for a rebound in the risky independent film business, several newly formed U.S. companies aim to fill a void created in the past 18 months when major players failed due to a glut of movies in the market.
Oprah and Dr Oz sue over alleged false endorsements
Talk show host Oprah Winfrey and television expert Dr. Mehmet Oz, a frequent guest on Winfrey's show, sued more than 50 businesses on Wednesday, saying they had falsely claimed the pair endorsed various beauty products and dietary supplements.
Don Hewitt, creator of
Don Hewitt, creator of CBS News' groundbreaking
Deaths, lung damage linked to nanoparticles in China
Seven young Chinese women suffered permanent lung damage and two of them died after working for months without proper protection in a paint factory using nanoparticles, Chinese researchers reported on Wednesday.
Swiss to reveal some UBS accounts, other banks eyed
Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.
Obama admin to transfer six Guantanamo prisoners
The Obama administration plans to transfer six prisoners abroad from the U.S. prison at Guantanamo Bay, a U.S. official said on Wednesday, part of the effort to close the controversial facility by early 2010.
Baby boomers still getting high
Middle aged baby boomers are still turning on to illegal drugs forty years after Woodstock, doubling the rates of illicit drug use by the previous generation, according to a government study released on Wednesday.
Swiss to reveal some UBS accounts, others banks eyed
Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.
Museums are Overrated: Here Are 8 Alternatives
First off, I'm sure there are plenty of people out there who genuinely love spending hours and hours in certain museums,
US video gamers 'older than thought'
The average U.S. gamer is no where near the age of a teenager, as many may have previously thought, in fact, they look nothing like that kid.
Wall Street gains as oil data rekindles recovery hopes
Stocks rose on Wednesday, shaking off a slide in China's equity market, as investors responded favorably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook.
Daily Wrap Up - August 19 Tech
Market researcher Richard Doherty said that Apple has developed two tablet computers prototypes: a 6-inch oversized-iPod version and another with a bigger display. The researcher speculated that the smaller Apple tablet would cost about $679 and will probably run on an iPhone-based operating system
The Carry Trade
Carry Trading can be a way for a Forex investor to reap terrific profits on their investment. A carry trade is when a currency with a low interest rate is sold to purchase a currency that pays a high interest rate. The difference in the interest rate between the two currencies is called the interest rate differential. An example of a carry trade currency pair is NZDJPY. For a credit in Japan you need only to pay an interest rate of 0.1 %. On the capital market you will get for your money 5 % whe...
Swiss to reveal UBS accounts to settle U.S. tax battle
Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.
GM drops new Buick SUV due to lack of interest
General Motors Co GM.UL has dropped plans for a new Buick sport utility vehicle due to lack of consumer interest, Vice Chairman Tom Stephens said on Wednesday, only two weeks after the new model was announced.
NetApp profit beats view, co names new CEO
Data storage equipment maker NetApp Inc reported a quarterly profit that topped Wall Street estimates, but shares fell in extended trade as some investors had been expecting an even bigger beat.
Joe Jonas to be guest judge in Idol auditions
Joe Jonas will be a guest judge alongside Simon Cowell, Randy Jackson and Kara DioGuardi during the audition rounds of American Idol's ninth season in Dallas, People magazine reports.
DivX ends dispute with Yahoo, forecasts Q3 profit
Video compression software maker DivX Inc said it settled a litigation with Yahoo Inc related to a license and distribution agreement, and forecast a third-quarter profit to reflect an increase in operating income due to the settlement.
Asustek to launch 1 million Nuvifone M20 with CHT (photos)
Asustek Computer launched the dual-brand Garmin-Asus Nuvifone M20 in the Taiwan market on Wednesday in cooperation with Chunghwa Telecom (CHT), targeting a modest 2010 shipment of 1 million units.
MySpace loves iLike
Social-networking giant MySpace announced Wednesday it will acquire iLike, a social music startup, in a bid to give its site a new make over after loosing out attention and users to rival, Facebook.
Scalping
Scalping is a very short term trading style, and despite its odd name, it is quite a popular trading style among professional traders. Scalping is the shortest term style of trading. It is named like this because it attempts to make many small profits throughout the trading day.
Study: Americans Still Want to Be Home Owners
Despite all of the bad news in the media about homeownership and mortgages, most Americans still believe buying a home is a great investment, according to a new study commissioned by Bankrate.com.
Wall Street climbs as oil data rekindles recovery hopes
Stocks rose on Wednesday, shaking off a slide in China's equity market, as investors responded favorably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook.
U.S. mortgage applications rise as rates plunge: MBA
U.S. mortgage applications rose last week, largely reflecting a jump in demand for home refinancing loans as interest rates slid to a five-week low, data from an industry group showed on Wednesday.
Bank execs see their industry lagging economy-survey
Banking and financial services executives have a less than rosy outlook for their industry relative to the economy as a whole, according to a study by tax and advisory firm KPMG [KPMG.UL] released on Wednesday.
Michelle Obama's shorts cause a stir (Photo)
First lady, Michelle Obama, is on the spotlight again for her fashion, this time however not many people not many people are in favor of the mid-thigh shorts she chose to wear on a family holiday to the Grand Canyon.