NEW YORK

Bosnian-born model Andrej Pejic is once again embroiled in controversy; this time for posing as a model for a Dutch department store, Hema. While this may not seem very a controversial statement, the fact is that Pejic is actually a man... and he modeled a dress and a push-up bra. The news has spread across the Internet in almost no time and it has people talking and tweeting, frantically, about it. While some are shocked, some find it hilarious and some others think it a revolution.

Last month the International Energy Agency said in its World Energy Outlook that If, between 2011 and 2015, investment in the [Middle East and North Africa] region runs one-third lower than the $100 billion per year required, consumers could face a near-term rise in the oil price to $150/barrel.

'I hope 2012 brings a re-election for President Obama,' Says Scarlett Johansson (Photos)

Demand for luxury menswear has exceeded that in the Womenswear sector possibly triggered by increased sales in the male-dominated market in China, according to an analysis.

A 50.6-carat pearl given to Elizabeth Taylor by her one-time husband Richard Burton fetched a staggering $11.8-million at Christie's in New York Tuesday.

Katie Couric and entrepreneur boyfriend Brooks Perlin have decided to go their separate ways after five years of dating

British artist Damien Hirst, who sold a collection of works for a record $200 million in 2008, will be display his iconic Spot paintings at Gagosian galleries around the world in January, the gallery said on Tuesday.

In what was probably Iran's response to growing threats made against its sovereignty, and a possible show of strength, the Middle Eastern country announced it is planning war drills to practice closing off the Strait of Hormuz -- one of the world's main oil arteries.

The contract that established Apple as a corporate entity in 1976 sold at auction on Tuesday for $1.59 million, 10 times its estimated price, two months after the death of high-profile co-founder Steve Jobs.

Amazon's Kindle Fire and Barnes & Noble's Nook Tablet have found a nice little home in the under $300 tablet world, and that's in part due to the fact they more like muscle-bound e-readers than full featured tablet computers. While both devices run the Android operating system, they run customized versions that do not allow either device to gain access to the over 500,000 apps in the Android Market.

While the rule may be clear as day, the answer is decidedly foggy.

The Federal Reserve on Tuesday pointed to turmoil in Europe as a big risk to the U.S. economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the U.S. labor market.

This December, Santa may well deliver more than just candy or coal to the entrepreneurs of Silicon Alley startups. If 2011 has been any indication, more money than ever before is being dumped into the coffers of New York-based high tech firms. For example, consider the following deals that have just happened:

Activist investor Daniel Loeb, who already owns 5.2 percent of Yahoo, sent another letter to the company. This time, he demanded to see a list of prospective bidders.

The woman who wore a cat mask while robbing SoHo boutiques is awaiting a jury deliberation to determine her prison sentence.

The Federal Reserve on Tuesday pointed to turmoil Europe as a big risk to the economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the labor market.

The Artist and Hugo lead the way with 11 nominations each.

Archstone, the national multifamily giant in the midst of an ownership struggle, announced on Tuesday it had purchased a Manhattan apartment tower for $131 million.

Know your rights before you get stuck on the tarmac.

Authorities have told the media that Amrani had a criminal record but wasn't a man known to them for violent crime. But who is Nordine Amrani?

The latest in a string of deadly crashes involving children, a school bus taking primary students home slipped off a country road into an irrigation ditch in eastern China, killing 15 children and wounding eight others, officials said.