In final lap of U.S. earnings, it's retailers' turn
If the strong earnings trend keeps up next week, black will be back in style on the balance sheets of more of the nation's retailers.
Nortel CEO planning to leave soon: report
The chief executive of bankrupt Nortel Networks Corp , Mike Zafirovski, plans to leave the company soon after leading it through four years of tumult, the Wall Street Journal reported on Friday, citing people familiar with the matter.
iTunes' Mexico launch could shake up digital market
LOS ANGELES - An expected surge in smart-phone sales could bode well for the iTunes music store's belated entry into Latin America.
Berkshire profit up 14 percent as stocks rebound
Warren Buffett's Berkshire Hathaway Inc posted its best quarter in nearly two years, as recovering stock markets boosted the value of its equity investments and derivatives bets.
Daily Wrap Up for August 7 - Energy
The Large Hadron Collider, a giant particle collider and also the biggest and most complex machine the man has ever made, will restart in November at a lower energy level,CERN said.
Cloud over US payrolls: job hunters take summer off
Better-than-expected July jobs numbers have numerous private economists heralding the end of the recession, but the Obama administration is taking a more guarded view because of a worrisome rise in long-term unemployment and a drop in labor force participation.
AIG posts first profit since 2007; shares jump
AIG, the giant insurer bailed out by the U.S. government, posted its first profit in seven quarters on Friday, helped by large investment gains as financial markets improved, sending its shares up 20 percent.
Big Bang collider to restart with less energy
The giant particle collider built to probe the origins of the universe will restart in November at a lower energy level following its shutdown days after its inauguration last year, CERN said on Thursday.
Rihanna, Kanye and Jay-Z to open new Jay Leno show
R&B stars Rihanna, Kanye West and Jay-Z will perform on the premiere of Jay Leno's comedy and chat show in September, in a apparent bid to grab hip, young viewers to NBC's new primetime experiment.
Dance queen Lady GaGa fashions booming career
Sprawled on her bed in an Amsterdam hotel, Lady GaGa is channeling Lady Godiva-sans the horse.
Mad Men still spellbinding
Even with all the loose ends left dangling in the finale last year, is there a Mad Men fan in God's creation that actually believes the show's Season 3 premiere on AMC Sunday is going to tie each and every one of them up in pretty bows?
Telescope can find oodles of Earths: NASA
The orbiting Kepler telescope has spotted a Jupiter-sized planet around another star -- a sighting that demonstrates it can see Earth-like planets if they are out there, scientists reported on Thursday.
G.I. Joe should be court-martialed
The latest action franchise seemingly designed to further spread the incidence of ADD among youth the world over, G.I. Joe: The Rise of Cobra plays like a sequel to a film that was never made.
Angry Americans disrupt town-hall healthcare talks
At scattered events across the United States, protesters are confronting members of Congress whose summer town hall meetings aim to get a sense of how Americans feel about overhauling healthcare.
NAFTA leaders urged to rein in buy local impulses
North American business groups urged leaders of the United States, Mexico and Canada on Friday to rein in buy local provisions they called a threat to free trade and economic growth.
Have flashes spawned front-running?
With so-called flash orders exploding into public view, investors are wondering if the rapid-fire dissemination of their investing intentions is costing them money.
Freddie Mac reports first profit in two years
Freddie Mac, the second largest provider of U.S. home mortgage funding, on Friday posted its first quarterly profit in two years as gains from hedges and a one-time accounting change offset still-lofty credit losses.
Psychopaths have faulty brain connections, scientists find
Psychopaths who kill and rape have faulty connections between the part of the brain dealing with emotions and that which handles impulses and decision-making, scientists have found.
Job losses cast spotlight on stingy safety net
The longest U.S. recession since World War Two is exposing gaping holes in the social safety net, putting hundreds of thousands of people at risk of falling through.
Eunice Kennedy Shriver hospitalized in critical condition
Eunice Kennedy Shriver, the sister of assassinated President John F. Kennedy and a champion of the rights of the mentally impaired, is hospitalized in critical but stable condition, a hospital official said on Friday.
Daily Wrap Up - August 7 Tech
A prominent technology analyst predicted that Apple Inc. would release a tablet or mini-computer for sale early next year, and that it could boost the consumer electronics company's revenue by 3 percent in 2010. Gene Munster, a Piper Jaffray analyst said the tablet from Apple will look like an iPod Touch, but a bit larger.
China probes Internet bootcamp after teen dies
Chinese police are investigating a bootcamp for Internet addicts after a teenage boy died, apparently following a severe beating, just hours after checking in, the official Xinhua news agency said late on Wednesday.
Former Madoff CFO faces charges
Former Madoff chief financial officer, Frank DiPascali, will be charged by the U.S. for his participation in what is termed Wall Street's biggest investment fraud.
Toxicology report: Propofol and Xanax found in Jackson's system
Michael Jackson had taken a lethal amount of the anesthetic propofol and Xanax , according to the toxicology report, the TMZ.com reported Friday.
Show why you are different—and worthy of an interview—on paper
Averill came to me, as many candidates do, with the goal of differentiating her candidacy. She had recently returned to school to secure a medical billing and coding certificate after serving in the retail
Daily Wrap Up August 7 – Finance
Mortgage financier on Friday reported its first quarterly profit in two years causing its shares to surge 26 percent in after hours trading. as higher interest income and gains on its hedges offset still-lofty credit losses. For the latest quarter, Freddie Mac reported a profit of $768 million compared with a year-earlier loss of $821 million. The results include $2.2 billion of securities write-downs that were more than offset by $4.2 billion in gains on the company's derivative portfolio.
Speculators increase short dollar positions -CFTC
Currency speculators increased their bets against the dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday.
Republican Senator Martinez to resign: party aides
Senator Mel Martinez, a native Cuban and a former chairman of the Republican Party, stunned supporters on Friday by informing them that he plans to resign from Congress, party aides said.
Daily Wrap Up - August 7
Investors heartened, Obama's 'true recovery,' Employers cutting less jobs
Tax deal with UBS hits snag
Global Swiss bank UBS AG failed to settle U.S. charges of helping wealthy American customers dodge taxes, setting the stage for at least another five days of tense negotiations over a case that goes to the heart of Switzerland's famed bank secrecy laws.