Raj Rajaratnam, the Galleon Group hedge fund founder convicted of insider trading in May, asked a federal judge to impose a sentence substantially below what U.S. guidelines recommend, saying a long prison term would be tantamount to a death sentence.
A person is being treated for an anthrax infection in Minnesota. The FBI has determined that it was not a terrorist act.
Comcast will offer $10 Internet for low-income families in the U.S. starting next month. The company, which provides Internet service in 39 states, said the low-cost connection will be available in September, coinciding with the start of the school year for most children in the U.S.
Extreme market volatility has sparked comparisons to the 2008 global credit crisis, but Washington's ability to help out weak financial firms is dramatically different.
Facebook has begun closing the accounts of California prison inmates after a convicted child molester viewed the pages of his victim from behind bars, authorities and the social networking site said on Tuesday.
Facebook has done it again - weeks after it joined hands with Skype to beat Google+ Hangouts, the world's No.1 social networking site has launched Facebook Messenger, a free mobile app for iPhone and Android users that allows them to send and receive real-time messages from their Facebook contacts.
Blood Tests will Not Lead to more Abortions
Stocks rallied on Tuesday in a volatile session as investors struggled to decipher the Fed's signals on the economy after a dizzying two-week slide.
Wisconsin voters cast ballots on Tuesday to decide whether to remove six Republican state senators in the nation's largest ever recall election that could signal trends for the 2012 presidential race.
The Federal Reserve on Tuesday took the unprecedented step of promising to keep interest rates near zero for at least two more years and said it would consider further steps to help growth, sparking a rebound in stocks.
U.S. stocks rebounded sharply on Tuesday after a major sell-off, but markets remained vulnerable to selling if the Federal Reserve fails to ease fears of a double-dip recession.
A Pennsylvania man pleaded guilty on Tuesday to charges he encouraged attacks on U.S. targets through an Islamist militant website, the U.S. Attorney's office said.
Sen. Harry Reid announced that he is appointing Sens. Patty Murray (Wash.), Max Baucus (Mont.) and John Kerry (Mass.) to a 12 member committee, mandated by the U.S. debt deal, that will be responsible for slicing more than $1 trillion out of the federal deficit.
"We view the FOMC statement as aggressively dovish, even beyond our expectations," said Dan Dorrow of Connecticut-based Faros Trading.
Three initial public offerings were postponed on Tuesday, the latest casualties of volatile market conditions.
Violence, rioting and looting continue in London on Tuesday night, as police and citizens struggle with how to respond to the ongoing crisis.
The Federal Reserve on Tuesday took the unprecedented step of promising to keep interest rates near zero for at least two more years, adding it was considering further action, sparking a rebound in stocks.
Nokia has decided to part ways with Symbian in the U.S. A move that should shock very few.
The military is launching an investigation into a helicopter crash in eastern Afghanistan that killed 30 Special Operations forces, 22 of them Navy SEALs, and 8 Afghans.
U.S. stocks soared as the Federal Reserve promised low interest rates until 2012 and stated that it expects inflation to remain low.
The struggling U.S. economy is beginning to take its toll on shipping companies which should be seeing a big boost from their peak season but instead find retailers delaying decisions about how much to import.
Roughly 62,000 grocery workers in Southern California are ready to vote on giving their unions the go-ahead for a strike if Ralphs, Vons and Albertsons supermarkets do not put an acceptable contract offer on the table by next week, a union spokesman told Reuters on Tuesday.