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PIMCO's Gross: U.S. banks need more capitalization

U.S. banks have not done enough to ensure they are well capitalized, and getting back to a system where retail and investment banking are separated would be attractive in terms of reform, Bill Gross, manager of the world's largest bond fund, said on Tuesday.

Nikkei Sinks Again After Greek Shock

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The Nikkei share average fell nearly 2 percent Wednesday after overseas shares skidded on Greece's surprise call for a referendum on a European bailout plan that investors had hoped would be the solution to the region's sovereign debt woes.

PIMCO's Gross says U.S. banks need further capitalization

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U.S. banks have not done enough to ensure they are well capitalized, and getting back to a system where retail and investment banking are separated would be attractive in terms of reform, Bill Gross, manager of the world's largest bond fund, said on Tuesday.
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U.S. Veteran

Depression Awareness Begins at Home

Mental health issues in the U.S. are often misunderstood or worse, ignored. The end of the year often brings feelings of loneliness and isolation because of the holiday times, but it's important for people to understand the difference between normal mood swings and clinical behavior that affects people's daily lives.
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WikiLeaks' Assange to learn UK extradition fate

A London court will rule on Wednesday whether WikiLeaks' founder Julian Assange, who angered the government by publishing thousands of secret diplomatic memos, can be extradited from Britain to Sweden for questioning over alleged sexual crimes.
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Analysis: Wild market may send investors home early in 2011

So much for euphoria.Having soared just days ago on a pledge by European leaders to prop up euro zone banks and stem the spread of a festering debt crisis, world stock markets and the euro came crashing back to earth this week as Greece's government hovered near collapse.
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AIG makes $972 million TARP repayment to Treasury

The Treasury Department received a $972 million repayment from American International Group , funded by proceeds from the sale of AIG'S American Life Insurance Co. subsidiary last November, Treasury said on Tuesday.
Arne Duncan

Asian American Students Are Targeted by Bullies

School is hard enough for any American student in this age of cyber-bullying, but a new study shows that Asian American teenagers have it much worse than their peers from other ethnic backgrounds.
U.S. Senate

Harkin, DeFazio to Propose Transaction Tax

U.S. Senator Tom Harkin, D-Iowa, and U.S. Rep. Peter DeFazio, D-Ore., will introduce bills on Wednesday to impose a .03 percent transaction tax on trades of stocks and bonds
Television personality Ricki Lake arrives at the 25th annual Film Independent Spirit Awards in Los Angeles

Ricki Lake says J.R. hard to beat on Dancing

She's been atop the leader board on TV contest Dancing With the Stars several times, but Ricki Lake still doesn't believe she'll end up with the mirror ball trophy. The winner, she thinks, will be J.R. Martinez.
Nokia Lumia 710

Nokia Smartphones Debuting in U.S. in Early 2012

Nokia my be the world's biggest smartphone maker, but in terms of smartphones, they are lagging way behind several other makers, especially in the U.S. Now comes word Nokia will take their new Windows Phone lineup of smartphones to the U.S. in early 2012 and will available on multiple carriers, Nokia's CEO Stephen Elop told Bloomberg.
Actor Antonio Banderas poses on the red carpet upon his arrival at the Doha Tribeca Film Festival in Doha

North America box office goes to Puss in Boots

Animated movie Puss in Boots landed on its feet with a $51 million global debut over the weekend and likely set a Halloween weekend record for a domestic opening, according to studio estimates released on Sunday.
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Spielberg's Tintin lands closing night at AFI festival

Monday afternoon's announcement that Steven Spielberg's The Adventures of Tintin will be the closing-night film at the AFI Fest would be more newsworthy if the film won't already have been playing around the world for two weeks by the time it debuts in Hollywood on November 10.

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