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OPEC building is pictured in the centre Vienna September 14, 2010.

U.S., OPEC cut world oil demand growth on economy

Global oil demand will grow less than previously projected this year, according to forecasts on Tuesday from the U.S. and OPEC, as a worsening economic outlook will curb consumption in developed countries.

Dealers See Greater Chance of Recession, QE3

A Wall Street sign hangs on a signpost in front of the New York Stock Exchange
Wall Street economists see odds of around one-in-three the United States will slip back into recession, heightening expectations the Federal Reserve will launch another round of unconventional credit easing.
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Mother of 10-year-old Vogue Model Fights Back

The mother of 10-year-old fashion model Thylane Lena-Rose Blondeau defended her daughter's racy photo shoot in French Vogue, which reignited the debate about the sexualization of young girls.
Apple Stores Across The UK Emptied

Apple's IP War Machine Could 'Cripple' Samsung

In another victory for Apple's legal team, courts in Germany ruled against rival Samsung Electronics, barring it from selling its competing tablet computer in most of the European Union.
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Rajaratnam seeks leniency after insider conviction

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.
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Comcast to Offer $10 Internet

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.
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Facebook to boot prison inmate accounts from site

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.
Voters take to the polls as Wisconsin holds the nation's largest ever recall elections in River Hills

Republican senators face recall vote in Wisconsin

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.
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Fed to keep rates low for two years, stocks jump

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.
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Fed to keep U.S. rates low for 2 years, stocks jump

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.

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