Economy, Euro Zone Crisis Batter Stocks
World stocks sank for an eighth straight session of losses on Friday, with investors racked by worries about the slowing global economy and the dangerous spread of euro zone debt anguish into Italy and Spain.
China Expels Olympic Champion Wang Over Brawl
China has kicked four-times Olympic gold medalist Wang Meng out of the national short track speed skating team and disqualified her from competitions for her part in a brawl with her team manager last month.
Cleveland's Masterson Brings Down Boston
Cleveland starter Justin Masterson got off to a rough start against his former team Boston on Thursday but found his range to strike out nine and lead the Indians to a 7-3 win over the Red Sox at Fenway Park.
Ex-Orioles player settles insider-trading charges
Former Baltimore Orioles third baseman Doug DeCinces agreed to pay $2.5 million to settle insider trading charges filed by the U.S. Securities and Exchange Commission Thursday.
Cardinals Catcher Molina Banned for Spraying Spittle
St. Louis Cardinals All-Star catcher Yadier Molina has been suspended five games by Major League Baseball on Thursday for making contact with an umpire and spraying him with spittle during a heated confrontation.
Scott in charge at Firestone, Woods opens with 68
Australian Adam Scott birdied four of his last six holes to grab a one-shot lead in the WGC-Bridgestone Invitational first round Thursday as Tiger Woods made an encouraging return to competition.
Too early to Talk Oscar? Not for Dominic Cooper
It's still very early. In fact, it's not yet awards season in Hollywood, but already movie fans might have their first bona fide contender for this year's best actor Oscar.
MTV Adds Social Activism Category to VMAs
MTV on Thursday said it has added a new category highlighting social activism to its popular Video Music Awards show after seeing an influx of artists exploring self-worth and other issues in their music.
McCartney Recalls Fear After 9/11, Says Music Heals
Paul McCartney on Thursday recalled the shock and fear that engulfed New York in the aftermath of the Sept 11 attacks and what he called the magical power of music in helping to heal those wounds.
Rapper Lil Wayne Slapped with $15 Million Lawsuit
Rapper Lil Wayne has been slapped with a $15 million lawsuit by a Georgia company that claims he stole the song "BedRock," according to a lawsuit filed in New York.
LinkedIn Follows Up IPO with Strong 2011 Outlook
LinkedIn Corp (LNKD.N) projected faster-than-expected 2011 revenue growth after chalking up a surprise second-quarter profit, as the professional networking site sets off to prove it can fulfill the promise of its monster IPO and rich valuation.
Insight: Wall Street Slide Sends Waves Across Economy
A scary drop in stocks and commodities threatens to squeeze life out of an already faltering U.S. economy, with deal-making, investment in plants and equipment, and capital raising at risk of slowing down or freezing up.
Afghan TV Series Pokes Fun at Government with "The Ministry"
Britain and the United States poke fun at incompetent, arrogant middle managers in the television comedy "The Office," but in Afghanistan the target is a fictional minister of garbage in a new series called "The Ministry."
Child marriage a scourge for millions of girls
Child marriage, which steals the innocence of millions of girls worldwide and often condemns them to lives of poverty, ignorance and poor health, is one of the biggest obstacles to development, rights groups say.
India Schoolgirl Defies Tradition to Reject Child Marriage
Her fate looked sealed when her family began organizing the nuptial celebrations. But the bride-to-be, a shy schoolgirl from a remote village in western India, wasn't ready to say "I do."
Freida Pinto Rises Up in New "Planet of the Apes"
Indian actress Freida Pinto got her big break when director Danny Boyle cast the ex-model as the love interest in the 2008 Oscar-winning hit "Slumdog Millionaire." Now, she's hitting silver screens in her first big-budget, effects-driven Hollywood movie.
TCA: Claire Danes Will Fight Terrorism With Her Long Eyelashes
Claire Danes, the star of Showtime's upcoming CIA drama "Homeland," joked at the Television Critics Association's summer press tour that starring in those ads for the eyelash-enhancement product Latisse have given her new character an edge in fighting terrorism.
Michelle Williams in "Marilyn" Film Gets NY Debut
"My Week with Marilyn," starring Oscar-nominated actress Michelle Williams as 1950s sex symbol Marilyn Monroe, will see its world premiere at the New York Film Festival in October, organizers said on Thursday.
Analysis: Some ask "what oil glut" as Midwest stocks dip
The latest U.S. oil inventory data contradicts a widely held notion among oil traders that a huge glut of Canadian and U.S. shale crude oil is accumulating in the middle of the United States and causing the record gap in global oil benchmark prices.
Oil dives on risk retreat, year's gains erased
Oil tumbled as much as 6 percent on Thursday, with U.S. crude crashing through technical support to its lowest since February as mounting fears of a stalled economy set off a global race from riskier assets.
Gold bounces as Asian stocks dive; premiums steady
Gold edged up more than half a percent on Friday as investors used bullion to shelter from the storm engulfing financial markets on concerns that the United States may be facing another recession and Europe's debt crisis is spreading to some of its largest economies.
Nikkei hits 5-month low, investors hold breath ahead of data
Japanese stocks on Friday tumbled to their lowest since the post-quake rout in March as investors ran for exits after the worsening financial crisis in Europe compounded anxiety over a weak U.S. economy that has come close to stalling.
Congress reaches deal to end FAA shutdown
Congressional leaders struck a deal on Thursday to resolve a partisan dispute and end a partial shutdown of the Federal Aviation Administration that has halted airport projects and threatened thousands of jobs.
Boeing picks Atlas 5 rocket for space taxis
Boeing Co (BA.N) announced plans to launch its seven-seat spaceship on a test run to the International Space Station in 2015 using Atlas 5 rockets built by its United Launch Alliance venture.
Disapproval of Congress hits new high: poll
Disapproval of Congress rose to an all-time high after weeks of rancorous partisan battles over raising the U.S. debt ceiling took the country to the brink of default, according a New York Times/CBS News public opinion poll published on Thursday.
Buyers ditch usual optimism after Wall Street mauled
After the terrible rout in markets on Thursday investors spoke of holding fast and even poking around for buying opportunities, but that's hard when the market is likely facing another weak U.S. jobs report on Friday.
Factbox: Fear frenzy consumes U.S. markets
Investors fled U.S. stocks and dumped commodities on Thursday, rushing to the safety of government bonds on growing fears the global economy was weakening.
World equities reel towards 8th day of losses
World stock markets fell for the eighth straight session on Friday to the lowest since late 2010, with more losses feared if policymakers do not come to the rescue soon to stabilize the euro zone's debt crisis and prevent the U.S. economy from sliding back into recession.
Emily breaks up over Haiti, still threatens rains
Tropical Storm Emily broke apart over the mountains of Haiti and Dominican Republic on Thursday but its remnants still packed rains threatening flash floods and mudslides in the neighboring Caribbean countries.
Healthy food startups avoid recession's bite
Cleetus Friedman is convinced consumers will continue to pay a premium for healthier, locally sourced food, despite the sluggish economy that has many watching their wallets.