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Recession, but not like 2008: Morgan Stanley's Roach

Europe is likely already in a mild recession, and the United States could very well join it, but the global economic turmoil is unlikely to reach the depths of the 2008 downturn, Morgan Stanley's Stephen Roach said on Tuesday.
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Democrat Wins West Virginia Governor's Race

Democrat Earl Ray Tomblin held on for a slim victory in a special election for governor of West Virginia Tuesday, narrowly preventing a third state special election embarrassment for President Barack Obama.
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Asia stocks up on Europe efforts to aid

Asian stocks rebounded from steep losses over the past several sessions on Wednesday, after tentative signs that European leaders are stepping up their efforts to stop the region's sovereign debt woes from sparking a full-blown banking crisis.
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Asia stocks trim gains

Asian stocks trimmed earlier gains Wednesday as investors remained skeptical about whether European leaders are going far enough their efforts to stop the region's sovereign debt woes from sparking a full-blown banking crisis.
Amanda Knox pauses emotionally while speaking during a news conference at Sea-Tac International Airport, Washington after landing there on a flight from Italy

Overwhelmed Amanda Knox returns home to Seattle

A tearful and overwhelmed Amanda Knox returned home to Seattle on Tuesday, a day after an Italian appeals court cleared her of murder, and said she just wanted to spend time with her family.
High-school students clash with riot police during a protest march against economic austerity and planned education reforms in Athens

Michael Lewis Sees Messy End for Greece

Greece will default on its debts, Ireland could too and Greek Prime Minister George Papandreou and German Chancellor Angela Merkel will be forced out as Europe's financial crisis plays out, author Michael Lewis predicted on Tuesday.
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Sprint confirms plan to sell iPhone

Sprint Nextel confirmed that it will sell the next version of Apple Inc's (AAPL.O) iPhone, ending months of speculation about whether it would become the third U.S. operator to sell the popular device.
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Amanda Knox returns home to Seattle

Amanda Knox returned home to Seattle on Tuesday, one day after an Italian court cleared the 24-year-old college student of murder and freed her from prison.
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New Apple iPhone draws muted response

Apple Inc took the wraps off a new iPhone on Tuesday, but may have left some fans wishing for more than an updated version of last year's smartphone.
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Economists see new recession increasingly likely

The chances of a new U.S. recession are rising rapidly as employment and housing remain depressed and Europe's debt crisis threatens to spill over, according to a number of prominent economists.
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US lawmaker: China cyber espionage 'intolerable'

The chairman of the House of Representatives intelligence committee on Tuesday accused China of widespread cyber economic espionage and said many U.S. firms were afraid to come forward for fear their computers would be the targets of even more attacks.
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Relativity partners with Spotify for film promotion

Relativity Media has become the first studio to partner with the digital music service Spotify for film promotion, announcing on Monday that it will run promotional media on the service to boost the November 11 launch of the action-adventure film Immortals.

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