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European shares sink after S&P cuts

European shares fell on Monday and the euro was stuck at 17-month lows against the dollar while German government bonds eased after early gains on fears that S&P's mass euro zone sovereign rating cuts and a Greek debt standoff would worsen the region's debt crisis.

IMF executive Lipton urges swift action for Europe

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Europe will see a downward spiral of collapsing confidence if no further action is taken, said David Lipton, first deputy managing director at the International Monetary Fund, urging a pause in monetary tightening for countries in which inflation has eased.
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Hulu Challenges Cable with First Original Drama

Hulu, the popular online video service, has taken another step to becoming a full-fledged alternative to cable television by commissioning its first scripted original TV show to go live next month.
Workers maintain the huge Euro logo in front headquarters of ECB in Frankfurt

S&P Moves, Greek Debt Renew Pressure on Eurozone

Financial markets are unlikely to be derailed by mass euro zone downgrades, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused.
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Pakistani Tailban Chief Believed Killed by U.S. Drone

The leader of the Pakistani Taliban, the militant movement that poses the gravest security threat to the country, was believed killed by a U.S. drone strike, four Pakistan intelligence officials told Reuters Sunday.
Rick Perry Drops Out of Presidential Race

Perry on Urinating Marines: 'These Kids Made a Mistake'

Texas Gov. Rick Perry, scrambling to keep his U.S. presidential bid alive, accused the Obama administration Sunday of overreacting to a videotape that shows four Marines appearing to urinate on dead Taliban fighters in Afghanistan.
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China a harbinger for global slowdown

Walk softly. Global growth looks to be smoothly downshifting as China slows, the U.S. economy firms, and troubled Europe, at least for now, avoids a messy crash.
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It's earnings vs Europe for stocks

U.S. stock investors will return to a tug of war between signs of domestic strength and overseas concerns this week as a batch of critical earnings reports look to add credence to the idea the economy is improving, while credit rating downgrades in Europe will keep that region's difficulties in view.
Arfa Karim Randhawa

Arfa Karim Randhawa: Youngest Microsoft Certified Professional Dead at 16

Arfa Karim Randhawa, who at 9 years old became the world's youngest Microsoft Certified Professional, has died on Saturday at the age of 16, according to reports from Pakistan's The Express Tribune. She suffered an epileptic seizure and cardiac arrest and was hospitalized for nearly a month before dying.
Workers prepare the booth for Samsung at the Consumer Electronics Show opening in Las Vegas.

CES 2012 -- Danger Signals for U.S. Competitiveness

Now that 153,000 people have exhausted themselves at the 2012 International Consumer Electronics Show in Las Vegas, an American visitor can't help thinking that the future of electronics is in Asia, not California's Silicon Valley or Texas.
German Chancellor Merkel speaks during news conference after talks with Italian Prime Minister Mario Monti at Chancellery in Berlin

Eurozone Leaders Vow to Work Faster to Fix Crisis

European leaders promised on Saturday to speed up plans to strengthen spending rules and get a permanent bailout fund up and running as soon as possible, a day after U.S. agency S&P cut the ratings of several euro zone countries' creditworthiness.

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