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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.

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.

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.

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.

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.

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.

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.

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.

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