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Occupy Wall Street demonstrators gather at the Vietnam Veterans Memorial Plaza, on the city park site

Occupy Wall Street May Day Protesters May Have Been Unlawfully Arrested

On May Day, the New York Police Department arrested twelve demonstrators from Occupy Wall Street -- part of a larger group of 86 people taken in that day -- for refusing to disperse from a gathering that was underway inside a city park. The problem: the demonstrators were not in a park at all when they were detained.

Kate Upton Will Attend Met Gala With Designer Michael Kors

Kate Upton Michael Kors
The highly-anticipated Met Gala takes place Monday night and one of the fashion industry's newest and hottest models will be linked to the arm of one of its coolest designers. Kate Upton will attend the 2012 Met Gala with none other than Michael Kors. The classic Americana designer reportedly invited Upton, whose popularity has skyrocketed since her Sports Illustrated Swimsuit Edition cover.
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Holey Optochip

Semiconductor Industry Lauds Congressional Boost For R&D Funds

The Semiconductor Industry Association, which represents the top U.S. chipmakers, lauded bipartisan approval in the U.S. Congress to boost funding for both the National Science Foundation (NSF) and the National Institute of Standards and Technology (NIST).
General view of the Cash Room of the Treasury Department during the FSOC in Washington

Treasury Dept. to Sell $5 Billion of Insurance Giant AIG

The U.S. Treasury Department will sell $5 billion in shares of American International Group Incorporated (NYSE: AIG) as it continues to divest its balance sheets of the bailed-out insurance company, which has agreed to purchase $2 billion of its own shares as part of the stock offering, the company announced Monday.
Met Gala Through The Years

From Princess Diana To Blake Lively, The Met Costume Gala Through The Years [PHOTOS]

Fashion's all-stars, and their muses, gather together for one night to celebrate not only the Metropolitan Museum of Art's fashion exhibit at the Costume Institute, but also to raise their champagne flutes to the style-setters of the year. The 2012 Met Gala, otherwise known as the Met Ball or the Oscars of the East Coast, is an annual fete that features the world's best red carpet.
Oil

Oil Prices Fall After French, Greek Elections

Oil prices fell Monday to add to the sharp decline in the previous session as French and Greek election results raised doubts about those countries' commitment to the austerity measures to sort out Eurozone debt crisis.
Traders work on the floor of the New York Stock Exchange on May 1, 2012.

Risk Assets Tumbling In French And Greek Electoral Tide

Ballots continue to be counted in France and Greece -- where the architects of the austerity solution to Europe's sovereign-debt problem have been advised to turn over their drafting supplies -- but investors are still voting, with their feet, as they appear to be moving out of higher-risk asset classes into lower-risk ones.

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