Federal Reserve Chairman Ben Bernanke warned on Thursday that overzealous cuts to government spending in the short term could derail a shaky recovery and said a debt default could wreak financial havoc.
Commercial lender CIT Group Inc said it has given notice that it will prepay $500 million of its $3 billion senior secured first lien term loan on July 15, 2011.
The Friday morning premier will bring to an end 10 years of entertainment that has captivated children and adults all over the world who dared to use their imagination.
The Pentagon suffered the most significant breach yet of its cyber security system, underscoring fears that secret defense files and networks are vulnerable to cyber attacks and lending a sense of urgency to the institution's push to bolster its cyber security.
Killer Levi Aron was formally charged in a New York court today after he killed a lost Brooklyn boy walking home from day camp. Levi Aron pleaded not guilty to charges of first-degree murder and kidnapping and is being held without bail.
Amazon will release an Android-powered device with a 9-inch display but no camera by October, according to a Wall Street Journal report Wednesday, citing unnamed sources familiar with the matter. Users would be able to watch videos, listen to music or read books bought from Amazon. But will it kill the Kindle sales?
The economy may not see a strong pick-up in growth in the second half of 2011 as the number of Americans filing for first-time jobless benefits remained high last week and retail sales barely rose in June.
Capital One Financial Corp and Wells Fargo are among the bidders for HSBC Holdings Plc's U.S. credit card portfolio, according to sources familiar with the situation.
According to a new government study in which 5,555 Americans were sampled, coffee and hot tea drinkers have double the advantage over non-drinkers in warding off superbug MRSA in their nostrils.
Everyday consumer products from canned food containers to baby bottles are full of a potentially lethal chemical known as bisphenol A (BPA) that can lead to numerous health defects, U.S. Sen. Dianne Feinstein, D-Calif. said in an op-ed column.
Casey Anthony fans have been sending money to her jailhouse account to help her buy snacks, makeup and other items. Records from the Orange County Correction Department show that 17 people have sent money orders to the account since May, ABC News reports.
Levi Aron, a Brooklyn man accused of kidnapping and killing an 8-year-old boy who asked him for directions , was arraigned in a New York court on charges of murder and kidnapping in the first degree on Thursday. He was also remanded under suicide watch until a mental evaluation is completed, CNN reported.
The U.S. economy will struggle to regain speed this year, data on Thursday suggested, as the number of Americans filing for first-time jobless benefits remained high and retail sales barely rose in June.
Nintendo announced Thursday that those 3DS owners across the U.S. and Canada can download a free application allowing Netflix members with unlimited streaming plans to instantly watch TV episodes and movies streaming from Netflix.
America's defense agency is having trouble defending itself, as the largest-ever cyber attack on the Pentagon lent a sense of urgency to the institution's push to safeguard defense secrets and networks by bolstering cyber security.
Kings (Brooklyn) County District Attorney Charles J. Hynes said he will ask a grand jury to impose the maximum charges permitted by law for the vicious and callous murder and dismemberment of eight-year-old Leiby Kletzky.
The legendary pitcher still loses in popular opinion.
China Thursday called on the United States to adopt responsible policies and measures to guarantee the interests of investors -- a communique that highlights the rising concern about a possible U.S. Government default. Meanwhile, modest debt talk progress was noted on Day 5, with bipartisan agreement on at least $1.5 trillion in spending cuts over 10 years.
U.S. Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that overzealous cuts to government spending in the short term could derail an already fragile recovery and said a U.S. debt default may wreak financial havoc.
STOCKHOLM, July 14 - Swedish regulators have raided U.S.-owned bourse operator Nasdaq OMX Group in a competition probe likely to raise questions over exchanges' efforts to woo controversial high-frequency traders.
A new government study published in the Annals of Family Medicine shows that those who drink hot tea or coffee are about twice as likely as non-drinkers to ward off methicillin-resistant Staphylococcus aureus, or MRSA, in their nostrils.
China on Thursday issued a second batch of quotas for exports of rare earths this year -- virtually making up for previous cuts -- after its commerce minister met with his EU counterpart to discuss this and other thorny issues between the two trading partners.
