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Tsonga ousts Federer in latest Montreal upset

Jo-Wilfried Tsonga hit Roger Federer with an unpleasant Wimbledon flashback on Thursday, brushing aside the Swiss maestro 7-6 4-6 6-1 to book his place in an unlikely quarter-final line-up at the Montreal Masters.

Cisco bulls may underestimate tough road ahead

Cisco Systems Inc (CSCO.O) still faces tough challenges with tight public spending and fears of a new economic downturn, analysts warned, after the giant Silicon Valley company ended a year's worth of disappointing sales forecasts.

Two states sue BNY Mellon over FX trades

Bank of New York Mellon (BK.N) was sued by two U.S. states on Thursday over allegations that the company overcharged pension funds on foreign exchange transactions.

Factbox: U.S. Municipal Bankruptcies

In the wake of the 2007-2009 economic recession, investors in the $3.7 trillion U.S. municipal bond market have been rattled by predictions of possible bankruptcies.

Cisco beats estimates, stock jumps

Cisco Systems Chief Executive John Chambers gave Wall Street a set of quarterly results investors could cheer about for the first time in over a year.

Teen dies after fall on Yosemite hiking trail

A teenager has died at a hospital four days after suffering head injuries in a fall at Yosemite National Park, in a deadly year for visitors to the California nature reserve, authorities said on Thursday.

Spot gold reverse early losses on econ worries

Spot gold reversed early losses, putting it back on track for its best week since January 2009 as worries about the euro zone debt crisis and global growth drive investors to safe havens.

Phone hacking in focus at Trinity Mirror's results

British newspaper publisher Trinity Mirror will report first-half results on Friday and give an update on current trading expected to show a benefit from the closure of rival News Corp's News of the World.

O'Charley's sees food costs eating into margins, shares down

O'Charley's Inc said it sees increased food and beverage costs -- mainly from higher beef prices -- continuing to weigh on its margins, and the casual dining chain posted a wider-than-expected quarterly loss, sending its shares down to their lowest in more than two years.

Cameron denies austerity drive caused UK riots

Prime Minister David Cameron blamed the worst riots in Britain for decades on street gang members and opportunistic looters and denied government austerity measures or poverty caused the violence in London and other major English cities.

UK's Cameron under pressure over cuts after riots

Prime Minister David Cameron risks his government's austerity drive, particularly its plans to cut police funding, becoming the focus of Britons' fears about the future after the worst looting and rioting in decades hit English cities this week.

UK's Cameron under pressure over cuts after riots

Prime Minister David Cameron risks his government's austerity drive, particularly its plans to cut police funding, becoming the focus of Britons' fears about the future after the worst looting and rioting in decades hit English cities this week.

Bachmann, Pawlenty clash in heated debate

Republicans Michele Bachmann and Tim Pawlenty clashed repeatedly over their records during a presidential debate on Thursday, two days before they vie for conservative support in a straw poll that could make or break their campaigns.

Asia stocks up with near-term focus on value

Asian stocks edged up on Friday, as investors hunted for value after an intense week of volatility, though the festering European financial crisis may mean that havens like gold and the Swiss franc may still draw buyers.

Escape from East Berlin with wedding dress in hand

Erika Schallert fled East Berlin on August 15, 1961, with nothing but the clothes she was wearing and her half-finished wedding dress, determined that nothing was going to stop her getting married -- not even the Berlin Wall.

Panel seeks more disclosure on natural gas drilling

A federal panel sketched out its first vision of a regulatory roadmap for the booming shale natural gas industry on Thursday, urging more transparency on the use of chemicals and more careful treatment of waste water.

Texas Governor Perry to run for US president

Texas Governor Rick Perry, a staunch conservative with a Washington outsider's resume, will seek the 2012 Republican nomination for U.S. president, his spokesman said on Thursday, adding a top contender to the party's field of hopefuls.

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