The almighty dollar was the investment of choice Monday morning, as international investors - in a classic flight to safety after various major news breaks last week - piled into greenback-denominated cash and cash equivalents.
Facing a dropoff in cash in recent months, Chesapeake Energy, the second-largest producer of natural gas in the United States, announced last week it got a $3 billion loan from Goldman Sachs, bringing the company's debt to a new record.
Swedish organization ADay.org asks people across the globe to pick up a camera on May 15, 2012 and participate in the world's largest and most comprehensive photographic documentation of a single day in human history.
Gold prices fell to a 4-1/2-month low on Monday, hit by concerns about a worsening debt crisis in the euro zone following political deadlock in Greece which fuelled risk aversion and put pressure on the euro.
A clear majority of Americans support some form of legally recognized same-sex unions, according to a new CBS/New York Times poll.
President Barack Obama will be delivering a commencement speech at Barnard College at 1:10 pm. ET on Monday.
Nine people were killed and several more wounded on Monday morning when a bomb exploded at a busy marketplace in northern Afghanistan.
Shareholder activist Carl Icahn is expected to disclose his acquisition of a significant piece of Oklahoma City-based natural gas company Chesapeake Energy Corp. (NYSE: CHK), which has seen shares tumble amid a federal inquiry, a securities class-action suit and near-record-low natural gas prices. Both parties have yet to publicly confirm the deal.
The number of kids treated in emergency rooms after swallowing batteries -- or lodging them in their noses and ears -- has almost doubled over the past 20 years, a new study suggests.
In the developing story that is the resignation of Yahoo CEO Scott Thompson, details have leaked about what the former CEO disclosed to the company's board of directors and several colleagues before the major announcement. According to The Wall Street Journal, Thompson revealed to his fellow Yahoo co-workers that he had been diagnosed with thyroid cancer.
Deutsche Bank is as German as lederhosen, sauerkraut, beer and the Autobahn.
Want a degree from Columbia University, but can't afford the absurd tuition? Do you own a mop, are not disgusted by with cleaning toilets and can spare a dozen years of your life? Gac Filipaj, a 52-year-old refugee from the former Yugoslavia, spent the last 12 years working as a janitor at Columbia while also taking classes at the Ivy League school -- and didn't pay a penny in tuition. He graduated on Sunday with honors from the university.
No unity government can emerge, Kouvelis told Greek television.
Steve Rattner, a former adviser to President Barack Obama, called an anti-Mitt Romney ad released by the Obama campaign Monday morning unfair for painting the presumed Republican nominee as a greedy business mogul who destroys jobs.
The world's youngest billionaire has turned 28, and his birthday has come as a landmark moment for his company, as Facebook Inc is all set to start trading.
Shares of Yahoo Inc. (Nasdaq: YHOO), the No. 3 search engine, rose nearly 3 percent in Monday trading after dissident shareholder Daniel Loeb knocked out the CEO and took control of the company.
JPMorgan will move to limit the fallout from a shock trading loss that could reach $3 billion or more by parting company with three top executives involved in its costly failed hedging strategy, sources close to the matter said.
First JPMorgan Chase & Co. lost an estimated $2 billion in derivatives trading, and now it has lost one of CEO Jamie Dimon's top lieutenants: Ina R. Drew, JPMorgan Chase's chief investment officer and a bank employee for three decades, will step down on Monday. Matt Zames will take over for Drew, Bloomberg News reported.
Yahoo Inc. CEO Scott Thompson resigned, succumbing to growing pressure over a fraudulent resume entry that has haunted the embattled executive since early this month. Thompson will be replaced on an interim basis by Yahoo's global media head Ross Levinsohn
Where to watch Lebron James' Miami Heat take on the Indiana Pacers.
JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon offered a mea culpa on NBC's Meet The Press Sunday, saying the mammoth money-center bank was dead wrong to dismiss concerns over a series of hedges that ended up costing the company $2 billion.
For months, Yahoo has been in crisis. Market share fell. CEO Carol Bartz was fired. A Chinese tycoon said he?d buy the company.
