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The Morgan Stanley headquarters is seen in New York

Wall Street expands in red-hot mainland China

JPMorgan Chase and Morgan Stanley received approval from Chinese regulators to form joint ventures with domestic firms, which would allow them to participate in underwriting Chinese stock and bond offerings.
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Gold Price Drops 5% from Record, Silver Down 9% in a Week

The Gold Price in Dollars slid to a near 6-week low in early London trading on Friday, dropping below $1360 an ounce, but then bounced back to $1369 as New York trading began and Non-Farm Payrolls showed a rise of 103,000 - below analyst forecasts - and the labor-force participation rate slipped further below two-in-three.
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Hudson River splashdown aircraft lands in museum

The U.S. Airways jet that hit headlines for its miraculous emergency landing on Husdson River off New York City in 2009 will be a permanent exhibit at Carolinas Aviation Museum in Charlotte, North Carolina, which was the destination of the flight on the day of incidence.
RIM's PlayBook

Real tablet war begins as RIM, Sprint join hands on 4G PlayBook

BlackBerry-maker Research in Motion (RIM) is launching a 4G version of its popular PlayBook tablet this summer with wireless carrier Sprint Nextel. RIM is decidedly focused on taking the intriguing tablet war to the tent of Apple CEO Steve Jobs who had lampooned the RIM tablet earlier, saying it will be dead on arrival.

Tourists flocking to New York City

New York City attracted almost 49-million tourists last year, an all-time record, despite the ongoing effects of the recession, according to the city’s mayor Michael Bloomberg.
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The batlle of 'I': Windows 7-based iTablet to tackle iPad

Reports had stated that Microsoft will showcase a slew of tablets running on Windows 7 and Windows 8 manufactured by Dell and Samsung at CES 2011, and part of the forecast has come true, as a UK-based AHX Global launched a Windows-based iTablet.
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Is Wal-Mart coming to New York City?

Retailing giant Wal-Mart Stores (NYSE: WMT) may be seeking to establish a foothold in New York City, according to a report on the NY1 news station.

Qualcomm reportedly to acquire Atheros

Qualcomm Inc. (Nasdaq: QCOM) is preparing to acquire semiconductor company Atheros Communications (Nasdaq: ATHR), for about $45 per share, or $3.5 billion, according to a report in the New York Times.
U.S. Secretary of State Hillary Clinton delivers a statement about WikiLeaks lead at the State Department in Washington November 29, 2010.

Hillary’s fundraising bundler pleads guilty to fraud

Evan Snapper apparently figured that he would help Hillary Clinton get elected president and enjoy an Elton John concert, all at a client’s expense. Federal authorities said that Snapper also knew he was breaking federal election laws, and may now spend five years remembering that concert.

BP shares jump on Shell takeover speculation

Shares of BP plc (NYSE: BP) have leapt today partially on a report in the UK newspaper Daily Mail that Royal Dutch Shell (NYSE: RDS.A) may be interested in merging the two global oil giants.
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Charge Laptop, Phones In Minutes Using New Nanomaterial

Researchers in the United States have developed an entirely new type of nanomaterial - dubbed nanoscoop - that could enable the next generation of high-power lithium (Li)-ion rechargeable batteries for electric automobiles, laptops and cell phones.
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Japanese researches clone rare earth metal

Japanese researchers at the Kyoto University have broken the rare earth import jinx as they have created a new alloy which resembles rare metal palladium, bringing a sigh of relief to countries depending on Chinese exports of rare earth metals.

Top Senate Democrats vow to block health reform repeal

Top Senate Democrats have vowed to block a wholesale repeal of the health care reform law passed earlier this year, saying millions of U.S. senior citizens would face the prospect of paying more for prescription drugs if the repeal took place.

Rattner settles state pension fund kickback allegations for $10 mln

Steven Rattner, former head of the U.S. government's Automotive Task Force, has agreed to pay $10 million in restitution to settle kickback allegations involving the roughly $132.8 billion New York State Common Retirement Fund and resolves the two lawsuits filed by the Attorney General Andrew M. Cuomo.
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Time Warner, Sinclair Reach Interim Pact

Time Warner Cable and Sinclair Broadcast Group announced that on New Year's Eve that they reached an extension agreement that will keep the big four networks on through Jan. 14.

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