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Analysis: Central Banks Buy Wiggle Room, Not Solution

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Central bank action on Wednesday to ease severe funding strains for the world's private sector banks may help cushion a brewing global credit crunch but it only buys some wiggle room for governments trying to resolve the euro debt crisis and keep banks lending.

Goldman CEO Can Testify in Insider Case: Judge

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Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein may be asked to testify in a market regulator's insider-trading case against a former director of the Wall Street bank, a judge ruled.
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Warren Buffett

Warren Buffett to Acquire His Hometown Paper

Warren Buffett said newspapers faced the possibility of nearly unending losses and he would not buy most newspapers in the U.S. at any price in May 2009 at a Berkshire Hathaway shareholders meeting. However, the billionaire announced Wednesday that he has agreed to buy Omaha World-Herald Co., publisher of his hometown newspaper the World-Herald.
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Hackers jailbreak RIM's PlayBook

Three hackers say they have exploited a vulnerability in Research In Motion's PlayBook tablet to gain root access to the device, a claim that could damage the BlackBerry maker's hard-won reputation for security.
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Hackers jailbreak RIM's PlayBook tablet

Three hackers say they have exploited a vulnerability in Research In Motion's PlayBook tablet to gain root access to the device, a claim that could damage the BlackBerry maker's hard-won reputation for security.
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Rajaratnam seeks delay in reporting to prison

Lawyers for multimillionaire hedge fund founder Raj Rajaratnam on Wednesday sought a delay of his prison sentence just five days before he was due to start serving 11 years for insider trading.
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A New Yorker's Opinion: Yale's Nightlife Class Amusing, or 'Amusing Ourselves to Death?'

Dateline Yale--$40,000 a year, two-drink minimum. Yep, the prestigious gateway to the CIA, a career as a thespian and the U.S. Presidency for Both Bush, father and son, and Clinton, now offers a course on New York nightlife. College is a fine time to party, and I support a liberal amount of irrational exuberance mixed in with cramming for grades, but somehow, in these difficult economic times, I find a college course about the history of partying a bit...disconcerting.
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A New Yorker's Opinion: Yale's Nightlife Class Amusing, or 'Amusing Ourselves to Death?'

Dateline Yale--$40,000 a year, two-drink minimum. Yep, the prestigious gateway to the CIA, a career as a thespian and the U.S. Presidency for Both Bush, father and son, and Clinton, now offers a course on New York nightlife. College is a fine time to party, and I support a liberal amount of irrational exuberance mixed in with cramming for grades, but somehow, in these difficult economic times, I find a college course about the history of partying a bit...disconcerting.
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Warren Buffett buys his hometown newspaper

Billionaire investor Warren Buffett buys newspapers every day, the hometown daily included, but on Wednesday he dispensed with the single-issue price and bought the whole company instead.
New Drug-Smuggling Tunnel Found in San Diego

New Drug-Smuggling Tunnel Found in San Diego

A new cross-border tunnel used to smuggle drugs from Mexico was found in San Diego, U.S., which is the second such tunnel found within two weeks, authorities said on Tuesday.
iPhone App - Evi or Siri, Who Is a Better Assistant? (VIDEO)

Siri: Coming Soon to Apple TV?

Apple will reportedly include Bluetooth Smart on its next-generation Apple TV, which means we may see Siri and instantaneous motion-control appear on the platform.
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Private sector jobs grow, lifts payrolls forecasts

Private sector job growth accelerated in November as employers created the most jobs in nearly a year, prompting some economists to raise their forecasts for Friday's more comprehensive government labor report.
U.S. Stock Market

U.S. Stocks Soar on Action by Central Banks

U.S. stocks rose more than 3 percent on Wednesday as major central banks acted jointly to add liquidity to the global financial system, boosting appetite for risky assets.

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