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Wall Street stabilizes after disastrous week

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The Dow Jones industrial average on Friday suffered its worst week since the depths of the financial crisis in 2008, stung by severe anxiety over Europe's spiraling debt crisis and a warning from the Federal Reserved about the U.S. economy.
Amazon: Tablet Sales Forecast

Amazon Tablet Ready to Take on Apple iPad; Event Set for Sept. 28

The release date of Amazon's expected new Android-based tablet has yet to be defined, but the company has scheduled an event for next week when the device may be unveiled. Amazon's PR firm sent an invitation to journalists Friday afternoon announcing a press conference in New York City on Sept. 28 when the company is expected to reveal its new consumer tech weapon -- the Kindle tablet.
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Paul McCartney's foray into ballet opens in NY

It was hardly rock 'n' roll, but Paul McCartney's debut into the world of ballet with an orchestral score and tale of love set in a royal undersea court premiered at a gala event to stars, music and ballet lovers at a warm reception held on Thursday.
Silver bars

Gold Falls Hard; Silver Falls Harder

Gold prices plummeted Friday, at one point tumbling to 15 percent below the level of three weeks ago, as investors started buying stocks and, to a lesser extent, euros. Silver is now down 25 percent from its mid-week level.
Stock Market

World Stocks Break from 14-Month Lows

World stocks came off 14-month lows on Friday on expectations policymakers would take further action to ease the Eurozone debt crisis, while commodities fell broadly on worries about a global economic slump.

Cell Phone Use on the Subway is Coming Soon to NYC

A source has confirmed to International Business Times that the Metro Transit Authority (MTA) will be partnering with AT&T and T-Mobile to provide cell phone coverage at the platforms of certain subway stations.
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U.S. Gold Futures in Steepest Loss in a Month

U.S. gold futures posted their steepest losses in a month on Thursday, dragged down by a global flight from risk that raises new questions about bullion's value as a safe haven and the sustainability of its long rally.
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Top 10 Billionaires of the World in 2011 [PHOTOS]

Forbes' latest list of billionaires, which was published on Wednesday, has a few surprises on it. The world has now 1,210 billionaires, with a total net worth of $4.5 trillion. The number of billionaires has doubled in China while Moscow surpasses all other cities in the number of billionaires.
Slimmer Design iPhone 5

Eight Features iPhone 5 Cannot Afford to Lose in War Against Android Phones

The iPhone 5, or iPhone 4S, as it has at times been rumored to be named, is expected to debut sometime in October. If the latest rumor about its release date is to be believed, Oct. 4 will witness the much-awaited product launch of the iPhone 5 this year. Here are the top features that iPhone 5 can't afford to lose.
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Electronic Payments Summit Finds Google Wallet as Promising

Jefferies' 2011 Electronic Payments Summit was held in New York on Sept. 20. The summit had six panel discussions focusing on private equity, prepaid, regulatory and legislative landscape, merchants and merchant acquirers, the future of U.S. debit and mobile money
The X Factor Premier

Why Was X-Factor Premiere Underwhelming?

The singing contest show, The X-Factor, touted as the biggest show ever to hit America created by Simon Cowell debuted on Fox last night with a not-so-flattering reception. The show originally from UK managed to pull in just 12.1 million viewers and was ranked fourth behind CBS's Criminal Minds and CSI and ABC's Modern Family in the nightly ratings. To put things in perspective, American Idol premier had 21.6 million viewers when it was aired...
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Cardinals Crumble to Fall Back in Wild Card Race

The St Louis Cardinals allowed six runs in the ninth inning to lose 8-6 to the New York Mets on Thursday and miss their opportunity to gain ground on the Atlanta Braves in the National League wild card race.
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Angels Playoff Hopes Dimmed by Jays

The Anaheim Angels' playoff hopes dimmed on Thursday after Edwin Encarnacion slammed a 12th inning walkoff homer to lift the Toronto Blue Jays a 4-3 win.
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Meg Whitman to be CEO of HP

Hewlett-Packard has announced that Meg Whitman, former CEO of eBay, will be the new Chief Executive Officer of the company. She will be the fourth CEO of HP in six years.

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