NEW YORK

The New York Knicks found their range from beyond the three-point line to overcome a nine-point deficit at the start of the fourth quarter and upset the visiting Miami Heat 93-88 Thursday.

News Corp's much-awaited tablet-only paper, specifically crafted for Apple's iPad is due to be launched on Feb. 2 at a price of 99 cents per week.

LeBron James and his Miami Heat team mate Dwyane Wade were both picked for the NBA All-Stars Thursday, joining Dwight Howard, Derrick Rose and Amar'e Stoudemire in an Eastern Conference starting team overflowing with talent.

LinkedIn Corp announced plans to go public this year in what could be a test of investor appetite for social networking websites ahead of a highly anticipated Facebook offering.

Gold fell more than 2 percent on Thursday, after a raft of positive economic data from the United States and more hawkish signals from some other central bank officials have sparked speculation that certain major economies would move to raise interest rates sooner than previously thought.

South Africa's rand firmed against the dollar on Thursday as the greenback lost a bit of ground while the bourse ended higher on mining shares' gains.

Applications for jobless benefits in the U.S. rose unexpectedly for the week ended Jan. 22, following a sharp decline in the previous week.

The New York Knicks have not won a championship in nearly 40 years but they are the most valuable team in the National Basketball Association with an estimated worth of $655 million, according to latest Forbes valuations of the NBA's 30 teams.

New York City finally takes a snow day after residents woke up to a foot of snow.

The Wine Enthusiast Magazine recognized Rhône Valley, a famous wine producing region in southeastern France, as the “2010 Wine Region of the Year” award at Wine Star Awards held in New York recently.

Two former Galleon Group portfolio managers admitted to charges of insider trading on confidential company information, strengthening the government's case against Galleon hedge fund founder Raj Rajaratnam a month before his trial

NBA stars Shaquille O'Neal and Lamar Odom have been named in a federal class-action lawsuit against Power Balance, makers of faux new age bracelets.

The price of Gold Bullion rallied from its lowest level since 28th Oct. early in London on Wednesday, but remained nearly $100 per ounce off Dec.'s all-time highs in what dealers called very quiet trade ahead of today's US Federal Reserve announcement on monetary policy.

The National Weather Service in Upton has issued a winter storm warning for portions of northeast New Jersey, New York City and Long Island.

Ahmed Khalfan Ghailani, who played a vital role in the 1998 al Qaeda bomb attacks on U.S. embassies in Kenya and Tanzania that killed 224 people including 12 Americans and wounded thousands of others, has been sentenced to life by a Manhattan federal court.

Both Bush and Clinton Adminstrations were at fault, as well as former Fed Chairman Alan Greenspan and current Treasury Secretary Timothy Geithner, as well as former Treasury chief Henry Paulson, says inquiry

The companies that reported earnings before the markets open on Wednesday are: Boeing, ConocoPhillips, Abbott, General Dynamics, United Technologies, Southern Co., Hess, Xerox, Rockwell Automation and Wellpoint.

Brazilian beef processor JBS has made a verbal buyout offer for Sara Lee Corp and is expected to submit a written proposal in the next 24 hours, two sources familiar with the situation said.

The Gold reserves of the Russian central bank grew by 280 tons over the last 2 years. And the bank will continue with a similar speed by buying at least 100 tons every year, deputy chairman Georgy Luntovsky told reporters now.

Investor interest in derivatives-based strategies remains cold, as the financial bailout in 2008 and the Dodd-Graham Financial Overhaul Act has kept investors scared.

In what is being billed as the biggest crime bust in history, the FBI have arrested 119 Mafia suspects and have charged nearly 130 people connected to different crimes ranging from murder and drug trafficking to extortion, gambling, loan-sharking and prostitution.