UNITED STATES

SEC probes MF Global's statements on European bets: report

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The Securities and Exchange Commission has launched a probe into whether MF Global Holdings made misleading statements about the $6.3 billion bets that sank the company, the Wall Street Journal said, citing people familiar with the matter.

Stocks, commodities fall as Greece spooks investors

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Asian shares, the euro, commodities and the Australian dollar all fell on Thursday as fears that Europe's debt crisis could unleash financial chaos prompted investors to shed riskier assets in favor of the relative safety of the dollar.
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MEMC cuts profit view, shares slide 10 percent

Silicon wafer maker MEMC Electronic Materials Inc on Wednesday reported a quarterly net loss and lowered its earnings outlook for the year due to a dramatic drop in prices on solar products and soft semiconductor demand.
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News Corp focuses on cable profits, not hacking

News Corp tried to focus attention on its strong quarterly business performance on Wednesday and away from the ongoing fallout from the phone-hacking scandal at its UK newspaper unit, which has rocked the company since it erupted in July.
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UK says governments' Internet power grab will fail

Attempts by China, Russia and others to gain more control over the Internet are doomed to failure, Britain said on Wednesday, after hosting a major conference on cyberspace that it said sent a clear signal to authoritarian governments.
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California High-Speed Rail Cost Estimate Soars

The latest business plan for California's proposed bullet-train system puts its cost estimate at nearly $100 billion, more than twice a previous estimate and a stunning amount of money for lawmakers who must decide whether to move forward with the project.
Prescription Drugs

Pradaxa Safe, Manufacturer Says

German drug maker Boehringer Ingelheim is defending its blood-thinner Pradaxa in the wake of reports that as many as 50 people have died because of the drug. Any blood thinning medication is potentially dangerous, but Pradaxa is under incresed scrutiny for several reasons.
Singer Justin Timberlake looks up at a video screen recalling his past performance at the Super Bowl half-time show as he hosts the 2008 ESPY Awards in Los Angeles

CBS Wins Janet Jackson Wardrobe Malfunction Ruling

A U.S. appeals court on Wednesday threw out a federal agency's decision to fine CBS Corp television stations $550,000 for airing singer Janet Jackson's wardrobe malfunction during the 2004 Super Bowl broadcast.
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Fed lowers GDP forecast, mulls more action

The Federal Reserve on Wednesday slashed its forecast for growth, raised projections for unemployment and said it was mulling the possibility of buying more mortgage debt to spur a struggling recovery.
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News Corp profit beats because of cable fees

News Corp reported a better-than-expected quarterly profit because of cable television and Fox broadcast network fees, even as the family-controlled company grapples with questions of who will lead it once Rupert Murdoch steps aside.

In God We Trust: Why a Resolution Now?

In God We Trust was officially reaffirmed as the official national motto of the United States on Wednesday by the House of Representatives. Why did the Republicans bring this vote up now, and was it a good idea?

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