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SEC probes trading before U.S. rating cut: report

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Securities regulators have sent subpoenas to hedge funds and other trading firms as it probes possible insider trading before the U.S. government's long-term credit rating was cut last month, the Wall Street Journal said, citing people familiar with the matter.
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World AIDS Day

Scientists Find Way to Disarm AIDS Virus

Scientists have found a way to prevent HIV from damaging the immune system and say their discovery may offer a new approach to developing a vaccine against AIDS.
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Samsung considers legal action over Apple's new iPhone: source

Samsung Electronics Co is considering legal action to ban sales of Apple's new iPhone, a source familiar with the matter said on Tuesday, in what could be its strongest step to defend against claims by the U.S. firm that the South Korean firm had copied its product designs.
Netflix's Chief Executive Officer Reed Hastings speaks during an interview with Reuters in Buenos Aires. Reuters/Enrique Marcarian

Netflix Stock Falls After Qwikster Split

Netflix (NFLX) stock fell another 7.4 percent, to $143.75, Monday, on the same day that chief executive Reed Hastings announced the DVD-by-mail business that defined the company will become a separate service called Qwikster.
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GM labor deal heads toward UAW vote

About 48,500 General Motors Co workers at U.S. factories will begin considering the details of a proposed four-year contract on Tuesday that represents the first labor deal for the automaker since its 2009 bailout by the Obama administration.
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Asia stocks, euro fall after Italy downgrade

Asian stocks and the euro fell on Tuesday after ratings agency S&P downgraded Italy and as Greece held talks with creditors to avoid running out of cash within weeks, amid worries that Europe's debt woes will pitch the global financial system into a full-blown banking crisis.
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Exclusive: Brazil seeks to help Europe via IMF

Brazil will propose that it and other large emerging market countries make billions of dollars in new funds available to the International Monetary Fund as a way to help ease the crisis in the euro zone, an official said on Monday.
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China to keep buying U.S. Treasuries: report

China, the largest foreign holder of U.S. government debt, will keep buying U.S. Treasuries, the official People's Daily, the ruling Communist Party's mouthpiece reported on Tuesday, citing government researchers.
Spain's Jose Maria Olazabal tees off on the eighth hole during the second round of the 93rd PGA Championship golf tournament at the Atlanta Athletic Club in Johns Creek

Ryder Cup Captain Slams Seve Trophy No-Shows

Ryder Cup captain Jose Maria Olazabal has slammed the likes of major champions Rory McIlroy, Martin Kaymer and Graeme McDowell for not making the effort to compete in the Seve Trophy.
Charlie Sheen

Sheen, Warner Bros. Near Deal on Men Lawsuit

Charlie Sheen and Warner Bros are close to a settlement on the actor's $100 million lawsuit against the studio over his firing from Two and a Half Men, a source with knowledge of the situation said on Monday.
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Samsung Considers Legal Action Over Apple's New

Samsung Electronics Co is considering legal action to ban sales of Apple's new iPhone, a source familiar with the matter said on Tuesday, in what could be its strongest step to defend against claims by the U.S. firm that the South Korean firm had copied its product designs.
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Greece inches closer to deal on aid: official

Greece hopes to clinch a deal with its lenders on Tuesday for continued aid funding, an official said, after it pledged to take on as much austerity as needed to avoid a default that could trigger deeper turmoil on already shaky global markets.

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