UNITED STATES

Money managers sitting on piles of cash are sniffing out opportunities to make a killing on the political circus in Washington over raising the nation's debt ceiling.

This is a story that was never supposed to be written -- the one in which investors draw up strategies for a U.S. Government default.

A former portfolio manager for Moore Capital Management agreed on Monday to pay the U.S. futures regulator $1 million to settle charges that he attempted to manipulate prices of palladium and platinum futures contracts on the New York Mercantile Exchange.

Memo to Washington from corporate America: unemployment is high, confidence is low and your bickering over the country's debt is the last thing we need.

The head of a U.S. agency that helps respond to cyber attacks resigned suddenly after several high-profile attacks on government computer systems but the Department of Homeland Security declined Monday to comment on the reason.

Top lawmakers rolled out dueling debt plans on Monday that offered little prospect for compromise, increasing the threat of a ratings downgrade and national default, as President Barack Obama prepared to address Americans on the impasse.

A new report says Apple will likely come out with the iPhone 5 in September.

U.S. money managers sitting on piles of cash are sniffing out opportunities to make a killing on the political circus in Washington over raising the nation's debt ceiling.

Japanese trade minister Banri Kaieda said on Tuesday that the Ministry of Finance and the Bank of Japan should consult and make an appropriate decision on intervening in the foreign exchange market, Jiji news agency reported.

The U.S. dollar remained on the defensive in early Asia-Pacific having hit record lows on the safe-haven Swiss franc as the market awaited the latest attempt by President Barack Obama to break the deadlock on debt talks.

Japanese Economics Minister Kaoru Yosano said on Tuesday that large swings in the foreign exchange market were undesirable and that an excessive rise in the yen would hurt Japan's manufacturing sector.

Texas Instruments Inc gave a lukewarm outlook for the current quarter, suggesting that back-to-school sales of computers and other consumer electronics would be weaker than normal.

Nothing draws U.S. television viewers like American football, so the labor agreement reached between National Football League (NFL) players and owners on Monday was a win for everyone, market experts said.

The National Football League (NFL) and its players ended their months-long row over how to carve up their financial empire Monday by agreeing to a multi-billion dollar, 10-year deal.

Boston has their eye on a starting pitcher.

The future of NASA is all about deep space exploration now.

Sarah Palin is trending, whether it is glamor, charm or anything that gains grounds in today's world. But it will not undermine her candidacy for a presidential run in the United States, as long as her attitude and intent to work in the best interests of the people are kept intact.

So far, there have been 97 reported cases of illness resulting from an outbreak of Salmonella Agona, ten of which involved individuals being hospitalized, the U.S. Food and Drug Administration said.

Netflix Inc, the top video rental company, reported second-quarter revenue that fell short of expectations and cautioned that subscriber growth would slow in the third quarter, sending shares down about 9 percent.

Time and time again, Washington has shown itself incapable of coming up with a solution to the U.S. debt ceiling impasse. Meanwhile, August 2 looms closer and closer.

Amy Winehouse's sophomore album experiences immediate increase in sales following singer's death.