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More extreme weather in store across U.S.

More extreme weather was expected across the country on Sunday, as parts of the Midwest and Northeast faced possible flooding from slow-moving storms while blistering triple-digit temperatures were expected in coastal Southeastern states.

Tel Aviv stocks fall 7 pct on US debt downgrade

Tel Aviv shares closed nearly 7 percent lower on Sunday in the first response of a developed market to Standard & Poor's downgrade of the United States' credit rating that has sparked fears of another global recession.

London Wakes Up to Aftermath of Worst Riots for Years

London picked itself up on Sunday from some of the worst violence seen in the British capital for years which politicians and police blamed on criminal thugs but residents attributed to local tensions and anger over rising financial hardship.

Hamels Goes the Distance

Cole Hamels pitched a complete game gem to carry the Philadelphia Phillies to a 2-1 victory over the slumping San Francisco Giants on Saturday for their ninth straight win.

Woods Endures Another Erratic Day at Firestone

Tiger Woods again mixed the good with the bad on his PGA Tour return as he toiled to a two-over-par 72 at the WGC-Bridgestone Invitational on Saturday in only his third tournament round in three months.

S.Korea Says Don't Panic After U.S. Rating Cut

South Korean policymakers on Sunday played down any likely impact on the economy following the downgrade in U.S. credit ratings and told local investors not to panic when financial markets reopen.

Q+A: S&P's downgrade of the United States

The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday, a move that will affect the country's borrowing costs and investor opinion of U.S. assets. Here is a Q+A on what the downgrade means for investors, consumers and to the country.

Dollar to drop on S&P move; safe-haven demand seen

The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P's downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone.

"Lucy" look-alikes honor Lucille Ball's 100th birthday

More than 900 red-lipsticked, redheaded women -- and men -- gathered near a "Vitameatavegamin" sign in the hometown of "I Love Lucy" star Lucille Ball to mark her 100th birthday on Saturday with a world record for most Lucy look-alikes.

Fund managers see tough times for Treasuries

The fact that U.S. Treasury bonds managed to cling to their coveted triple-A rating this week failed to impress several prominent bond fund managers, who say they are lightening up on Treasuries and stocking their portfolios with corporate bonds instead.

G20 deputies to hold crisis call Saturday: Brazil

Deputy finance ministers from the Group of 20 leading economic powers will hold a conference call on Saturday to discuss the crises in Europe and the United States, a Brazilian finance ministry official said.

China flays US over credit rating downgrade

The United States lost its top-tier AAA credit rating from Standard & Poor's, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors' alarm over the euro zone's debt crisis.

Path to debt deal was too divisive: White House

The path to a debt deal took too long and was too divisive, and lawmakers must now work together to strengthen the country's fiscal position and spur growth, White House spokesman Jay Carney said on Saturday.

Time to End America?s Two-Party System?

Confidence in the U.S. Congress is at a historic low, more than half of Americans think that the Republican and Democratic parties are doing such a bad job that a third party is needed, and the word ?dysfunction? has been common currency in the drawn-out debate over the national debt.

Like Zynga, Digital Chocolate pulls back from the cloud

It looks like Zynga?s infrastructure strategy is rubbing off on social gaming startups. Digital Chocolate, purveyor of social games such as Millionaire City and Pro MMA Fighter, is following in Zynga?s footsteps of launching games in the cloud, then bringing them back in house when demand levels off. It doesn?t have Zynga?s much ballyhooed hybrid cloud infrastructure quite yet, but Digital Chocolate is working on its own flavor of the ideal gaming cloud.

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