BUSINESS

Launched just over a year ago, and touted by the newspaper-loving Murdoch as a savior for print media, The Daily boasts is drowning in estimated losses of $30 million a year.

Second-quarter earnings season heads into full swing next week. The results will provide guidance on how much the global slowdown is affecting U.S. companies.

Emails and phone communications released by the Federal Reserve on Friday show that an economist with the central bank who was told as August 2007 that one of the world's most important interest rates was being manipulated did not understand that rate.

Russell Wasendorf Sr., the founder and CEO of failed futures brokerage PFGBest, was arrested on Friday, five days after his suicide attempt brought to light allegations of a massive fraud, authorities said.

China's slowing economy could drag down some of its Asian neighbors, but other countries would be less affected, according to a report released Friday by Capital Economics.

Is it safe to travel to Myanmar? Is it ethical to travel to Antarctica? Where can I go in the Middle East where I won't be shot dead on the street? Let's dispel some common fears and misconceptions.

As the son of Indian immigrants, Jindal would ease Romney’s image of being the candidate of rich, white, country club WASPs.

The euro zone will not disintegrate. Instead, there is a fifty-fifty chance of a split between the financially sound countries and economically weaker ones, the Economic Outlook Group said on Friday.

For tech geeks and hackers, Friday the 13th may be a lucky day after all. Samsung has just released the source code for its Samsung Galaxy Note Ice Cream Sandwich kernel on AT&T. This means that developers and those who know how to fiddle with smartphone software can now tinker as much as they please.

Oracle (Nasdaq: ORCL), the No. 1 database developer, said it will acquire Involver, a five-year-old social media software developer, its third sector acquisition in three months.

Gold futures popped Friday to nearly $1,600, tracking wider gains in other asset markets, but were underperforming silver and the broad equity market.

This summer, both Greece and Europe are between a rock and a hard place. Greece faces the possible prospect of domestic coalition collapse, or ouster from the euro zone; Europe’s leaders, an elongated repayment for their loans to Greece, or a Greece default.

If anyone knows how to survive a future zombie apocalypse it would be Walking Dead creator and writer Robert Kirkman. Kirkman teamed up with Hyundai to customize an Elantra Coupe to become the Zombie Survival Machine. The armored car was revealed on the 2012 Comic-Con floor at the Future US Booth, and boy does it look like it can do some damage.

Darden Restaurants (NYSE: DRI), which owns Olive Garden and Red Lobster, will buy Yard House USA Inc., another restaurant chain, for $585 million in an all-cash deal, the company announced on Thursday.

Chicco-brand Polly folding baby high chairs sold by the U.S. subsidiary of Italy's Artsana SpA pose laceration risks from exposed pegs on the back of the chair.

Each course at Ultraviolet in Shanghai is served with a tailored set of visuals, sounds and smells.

It seems as if the iPhone ‘5’ rumor mill is churning harder than ever since Samsung’s Galaxy S3 has been sparking attention. Yesterday it was reported that a Chinese e-commerce website has begun accepting pre-orders for the upcoming Apple device, and now a tech news site claims to have exclusively learned the official release date.

Assam has witnessed other public assaults on women that sparked outrage.

U.S. wholesale prices unexpectedly rose in June for the first time in four months, as higher food costs offset another big drop in energy prices.

Bruno Iksil, whose trading team were responsible for huge losses of $4.4 billion, was widely expected to leave the bank after he gained notoriety in the wake of the trading scandal.

China's growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy.

Infosys Ltd, BT Group, AFLAC, Freeport-McMoRan, Kinder Morgan, Ampio Pharmaceuticals, Logitech International and Two Harbors Investment Corp. are among the companies whose shares are moving in pre-market trading Friday.

Dwight Howard won't lose endorsements because of his trade demands, according to one expert.

The Galaxy Note that has narrowed the gap between a smartphone and a tablet has been among the key contributors to Samsung's success. While the newly released Galaxy S3 is expected to give Apple iPhone a run for its money, reports surfacing online say that a sequel to the Galaxy Note is also nearing release as early as late August.

Reported incidents of discrimination by Apple Store employees against people of Iranian descent are increasing, raising the likelihood that what appeared to be a few cases of prejudice may turn into a legal and diplomatic scandal. Further, the company's virtual non-response to the reports exposes it to being played by Tehran, which has already become involved.

The 2011 Academy Award-nominated film Moneyball detailed how Oakland Athletics general manager Billy Beane employed advanced analytics to supplement a small payroll and beat some of the most well-heeled clubs.

India's trade deficit narrowed as imports dipped 13 percent in June. Exports fell 5.45 percent to $25.1 billion in the month while imports declined 13.46 percent to $35.3 billion, a senior official said Friday.

U.S. stock index futures point to a higher opening Friday as investors are speculating announcement of stimulus measures in China to boost its economic growth.

Asian stock markets advanced Friday as concerns over a sharper slowdown in the world's second largest economy eased after China reporting second quarter economic activity data in line with expectations.