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Exclusive: Future of bank benchmark rate under review

A global probe into whether banks colluded to set the interest rates at which they borrow money from each other has thrown into question the future of the benchmark they use to price financial products worth an estimated $360 trillion.

Bruce Springsteen's New Song 'We Take Care of Our Own' Released [VIDEO]

Springsteen
Bruce Springsteen has released a new song and music video for We Take Care of Our Own, a debut track from his new album, Wrecking Ball. The video features Springsteen singing in black and white amongst images of sullen, downtrodden Americans. In anticipation for the release of Wrecking Ball, Springsteen will also be appeared at the 54th Grammy Awards on Sunday, Feb. 12. Springsteen and the E Street Band also have an extensive Wrecking Ball World Tour planned for 2...
U.S. President Barack Obama

Obama's Proposed Fiscal 2013 Budget Has $901B Deficit

The fiscal 2013 budget President Barack Obama will present to Congress on Monday will include hundreds of billions in infrastructure spending and a projected deficit of $901 billion, or about 5.5 percent of the nation's gross domestic product.
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Suge Knight’s Criminal Record: A History of Drugs, Violence and Traffic Violations

Suge Knight, forty-six-year-old rap kingpin, has a criminal record goes back over twenty years, running the gamut of illegal possession of weapons and controlled substances, assault charges, breaking parole and, of course, traffic violations. Of note is his long affiliation with the Mob Piru gang (allied with the Bloods) that has its origins in Compton, Calif.
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Weight-loss Drug Mediator and 4 Other Past Drug Recalls

Weight-loss drug Mediator, which was licensed for use by diabetics and widely prescribed in France to help shed pounds, may have caused at least 1,300 deaths before it was withdrawn, a study published on Thursday by the French National Institute of Health and Medical Research, Inserm, stated.
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EU expected to approve Google's Motorola deal: sources

Google Inc is expected to win approval next week from European regulators as well as U.S. antitrust authorities for its planned $12.5 billion purchase of Motorola Mobility , according to people familiar with the matter.
GDP US

U.S. GDP Forecast Lowered to 2.2% in 1Q: Survey

U.S. GDP is projected to grow at an annual rate of 2.2 percent this quarter, lower than a previous estimate, according to a survey by the Philadelphia Federal Reserve, released on Friday.
PepsiCo CEO Indra Nooyi

PepsiCo to Restructure With Job Cuts

PepsiCo has always been in direct competition with Coca-Cola Co., but now it seems that the company's main problem is higher costs for materials. A restructuring plan was announced Thursday that includes cutting 8,700 jobs internationally.
U.S. Health Care

White House Announces Contraceptive Compromise

The compromise aims to tamp down ire among Catholic officials that the Affordable Care Act rule on contraception coverage would force religiously-affiliated organizations to violate church teaching.
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Maldives Political Upheaval: What it means for China, India and the United States

The Maldives--a small string of islands in the Indian Ocean that boasts surreal beachfronts and extraordinary getaways--is full of destruction and chaos as it undergoes a tumultuous political upheaval. Nations such as the United States, China and India could be dramatically affected by the instability in the Maldives, and each has responded in a different way.
Multi-touch function in PS Vita

PS Vita Games: Price Drop for Digital Downloads Confirmed

Sony is offering consumers the opportunity to buy PS Vita games at a discounted price if they purchase their games online through the Sony Entertainment Network (SEN) in an effort to increase sales and cut out middle men like video game retailer Game Stop.
World of Warcraft

Activision Slows 'World of Warcraft' Declines

Activision Blizzard Inc's quarterly sales beat Wall Street expectations on Thursday as the video game publisher lost fewer World of Warcraft subscribers than it did a quarter ago.

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