The government proposes to hike the retirement age for public sector employees to 68 and also seeks substantially higher contributions from employees.
The U.S. government had a budget surplus of $59.1 billion in April on increased tax revenue and spending cuts, the first surplus in more than three years, the Treasury Department said Thursday.
Facebook (Nasdaq: FB), the No. 1 social network, is facing a probe into its acquisition of Instagram that could delay its $100 billion initial public offering.
With Mother?s Day right around the corner, TrueCar.com released its list of the top 10 most popular cars for moms on Thursday, and the results of what moms in cars prefer aren?t exactly surprising. The data, which the car sales and pricing website collected over the course of 2011, shows that Honda and Nissan are the two companies with the greatest sway among mothers, with their CR-V and Altima models leading the way. Slightly unexpected, though, is that only one minivan, the Honda Ody...
Fragrance maker Coty Inc. increased its bid to buy troubled Avon Products Inc. (NYSE: AVP), the world's largest direct sales beauty company, to around $10.7 billion on Thursday, putting more pressure on Avon's board to negotiate.
Joseph Glynn Farley of Clear Lake, Texas gave drivers quite a show Wednesday afternoon when he hopped on a unicycle to ride across a bridge...butt naked.
A Florida man charged with downloading child pornography hacked at his computer with a samurai sword as federal agents raided his home, according to an affidavit filed by the U.S. attorney's office for the Middle District of Florida.
All bookings on flights to the United States, Canada and Europe until May 15 have been put on hold.
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, opened a new services delivery center in Costa Rica, spearheading a $300 million investment there.
Federal Reserve Chairman Ben Bernanke, speaking via teleconference to a Chicago bankers' conference, took an uncharacteristic swipe at community banks on Thursday, suggesting that those institutions might not be as sure-footed as their balance sheets would have them appear.
Japan?s current account surplus fell 8.6 percent in March compared to a year earlier, thanks largely to higher energy costs, the country?s Finance Ministry revealed Thursday. A stronger-than-desired yen is also weighing on export growth and it makes Japanese goods less competitive.
It seems that everyone cannot stop talking about Mark Zuckerberg's roadshow to the Facebook IPO, where he angered Wall Street bankers by donning his standard uniform, a hoodie and jeans. But Zuckerberg isn?t the only CEO of a company who chooses to dress down than don a suit. Here are photos of 13 other CEOs who rid of suits.
Exploring the relationship between visuals and social issues, French creative team J.R. and Cuban-American artist Jose Parla have transformed the streets of Havana with absorbing murals for the Havana Biennial.
Apple Inc. (NASDAQ: AAPL) and its primary iPad and iPhone supplier, Foxconn Technology Company Ltd. (Taipei: 2354), will share the costs of improving labor conditions inChinese factories, Foxconn CEO Terry Gou said.
The government is also permitting about 500 foreign observers, including 120 from the European Union, to monitor the elections.
President Barack Obama made a historic announcement of his support of gays and lesbians marrying, but stopped short of calling it a civil right.
U.S. 30-year fixed-rate mortgage rates hit a new record low in the week ending May 10, following lower Treasury bond yields and weaker economic data in April, mortgage financier Freddie Mac said Thursday.
Vidal Sassoon's death yesterday at 84 years old brought out a startling admission among many in the Twitterverse: They didn't realize Sassoon, the iconic English-born hairdresser who has a line of hair products that bear his name, was actually a real person.
The Global Fund, a leading financier in the struggle against AIDS, tuberculosis and malaria, expects to have an additional $1.6 billion to fund projects in 2012-2014, its new chief said on Wednesday, a turnaround from a funding freeze last year.
Officials of India's drug regulator have been colluding with pharmaceutical firms to speed up approval procedures, allowing some drugs that are not permitted in other countries to go on sale, according to an 18-month investigation by lawmakers.
It was to be the first purpose-built retreat center for inhabitants of the world?s largest country, but plans for the £50m ($80m) Chinese holiday village in Wales were dealt a blow recently after inspectors deemed the design ?inappropriate.?
The price of U.S. imports fell 0.5 percent in April, a decrease driven by lower declining natural gas prices, while the price of U.S. exports rose 0.4 percent, according to a Department of Labor report Thursday.
Shares of AOL (NYSE: AOL), the No. 7 website, rose slightly after the company reported better-than-expected first-quarter results and promised to pass on $1 billion in patent payments to shareholders.
The U.S. trade deficit widened to $51.8 billion in March, up from a revised February figure of $45.4 billion, the U.S. Department of Commerce reported Thursday.
After legalizing gay marriages in 2010, Argentina now welcomes a new gender rights law that gives it citizen the right to undergo sex-change surgery or hormone therapy lawfully.
Avion Gold Corp lowered its production forecast for the year after it halted mill expansion plans at its Tabakoto mine in Mali due to a military coup.
Authorities have still not caught up with Adam Mayes, the Mississippi man accused of killing Tennessee woman Jo Ann Bain and her oldest daughter, while kidnapping her two youngest girls. A relative has now informed authorities that Mayes believes the two young Bain girls are his daughters.
Venizelos, the former finance minister, said he will ?explore all possibilities? in his quest to create an alliance with rival parties, including ND, Syriza and the Democratic Left.
Shares of Cisco Systems (Nasdaq: CSCO) plunged nearly 11 percent after the company projected weaker-than-expected results for the current quarter.
Fewer Americans than expected filed for jobless benefits last week, calming some concerns about the jobs market recovery after a disappointing April employment report. However, many signs point to the fact that companies are still very cautious about adding workers.
