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Homophobic Bullying Takes Life of Another U.S. Teen, 14

A 14-year-old upstate New Yorker, Jamey Rodemeyer, was found dead outside his home this week, apparently the latest string of teenage suicides in the U.S. caused by mental harassment and bullying over sexuality, police said.

NASA to Pay $1.6Bln for Space Taxis

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NASA has unveiled plans of $1.6 billion to buy a complete range of spacecrafts, launchers, mission operations and ground support by the middle of the decade to transport astronauts to the International Space Station and low Earth orbit.

Fed takes new tack to avoid economic slump

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The Federal Reserve on Wednesday warned of significant risks to the already weak U.S. economy and launched a new plan to lower long-term borrowing costs and bolster the battered housing market.
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Stocks slide as Fed's outlook deepens gloom

Asian stocks tumbled on Thursday, following a slide on Wall Street, as investors took fright at a warning by the Federal Reserve that the United States faced a grim economic outlook with significant downside risks.
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UAW focus shifts to Ford as Chrysler stalls

The United Auto Workers has turned its focus in contract negotiations to Ford Motor Co after progress in talks with smaller rival Chrysler appeared to stall, two people with knowledge of the discussions said on Wednesday.
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Netflix, Discovery in streaming deal for TV shows

Netflix Inc and Discovery Communications reached an agreement to bring episodes of popular TV adventure shows including Man vs. Wild and River Monsters to the streaming service, the companies confirmed on Wednesday.
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Moody's downgrades big banks on changed U.S. policy

Moody's Corp cut the debt ratings of Bank of America Corp , Wells Fargo & Co and Citigroup Inc on Wednesday, saying the U.S. government is getting less comfortable with bailing out large troubled lenders.
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Europe must do more to quell crisis: U.S. official

Europe's debt crisis is the biggest threat to the global economy, the Treasury said on Wednesday, and it called on European policymakers to provide unequivocal support to banks and governments under stress.
Tony Bennett

Tony Bennett Apologizes for 9/11 Comments

Singer Tony Bennett apologized on Wednesday for controversial comments he made in a radio interview that suggested the United States bore blame for provoking the September 11 attacks.
Obama and Clinton

President Obama's New Tax Foe: Bill Clinton

In an interview with Newsmax, a conservative news magazine, former President Bill Clinton told founder and CEO Christopher Ruddy that Obama’s approach to tackling the deficit was “a little confusing,” and said that President Obama should not increase taxes in this economy.
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Convicted trader Goffer given 10-year sentence

A former securities trader known as Octopussy because of his many sources of information was sentenced to 10 years in prison on Wednesday after being found guilty of insider trading.
R.E.M ''call it a day''

R.E.M call it a day

R.E.M, once dubbed America's Best Rock & Roll Band, said on Wednesday they decided to call it a day after more than 30 years of generating hits and selling millions of records.

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