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Deutsche Bank CEO to appear in court in Kirch case

Deutsche Bank Chief Executive Josef Ackermann will appear in a Munich court on Thursday to testify in one of the lawsuits brought against the bank by fallen German media mogul Leo Kirch.

David Tepper buys home builders despite housing double-dip

The housing market is the worst sector in the US economy. After seemingly recovering from the crash in 2009, it started to double-dip in mid-2010.

Daimler must face Argentina abuse lawsuit in U.S.

Daimler AG was ordered on Wednesday to face a U.S. lawsuit alleging it participated in the kidnapping, torture and death of Mercedes-Benz workers in Argentina's Dirty War three decades ago.

Mildred Patricia Baena: Mother of Arnold Schwarzenegger's extra-marital son revealed [PHOTOS]

The mother of Arnold Schwarzenegger's son born out of wedlock has been revealed as multiple sources are now confirming her identity and more details are emerging about her son.

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RIM PlayBook sales steady at 250000 despite recall

Despite the recall of 1,000 Research in Motion's (RIM) PlayBook tablets due to an OS glitch, the popularity of the PlayBook remains unaffected -it has been reported that the BlackBerry maker has recovered by selling 250,000 devices in month of April. The estimates were noted from RBC analyst Mick Abramsky collected information from 180 Best Buy locations with results showing 84% of 64BG RIM PlayBooks sold were in late April.

Citi gives Pandit $16.6 million retention bonus

Citigroup Inc has awarded Chief Executive Vikram Pandit over $16.6 million in deferred compensation plus stock options as a retention bonus, a far cry from the $1 salary he took in response to the financial crisis.

Ditch the Camera - The New Trend of Sketching your Travels

What if, rather than cataloging your holiday on an SD card, you sketched it in a notebook?

Obama cashes in with 'Made in USA' t-shirts

President Barack Obama's campaign team has created Made in USA t-shirts and coffee mugs in light of recent allegations that he is not in-fact American.

Gates, Mullen Urge Congress to Keep Sending Aid To Pakistan

Despite a chorus of calls from some senior US politicians that aid to Pakistan should be halted or curtailed, Defense Secretary Robert Gates said that the U.S. should continue to financially help the South Asian nation because it remains of “significant” interest to Washington.

Ron Paul Makes First Official Trip as Republican Candidate

Ron Paul's opening comments on his first official trip as a 2012 Republican presidential were enough to bring the audience to its feet.

Sony finds another security flaw, shutters site

Sony Corp has shut down a website set up to help millions of users affected by April's massive data breach after finding a security hole.

New York mayor pushes gay marriage

New York City Mayor Michael Bloomberg traveled to New York’s capital Tuesday, putting action behind his words to “stand up for marriage equality.”

Sarkozy Warned Strauss-Kahn In 2007 To Curb His Behavior

Dominique Strauss-Kahn’s reputation of inappropriate behavior with women was so alarming that as long as four years ago, French President Nicolas Sarkozy warned him to control his behavior just prior to his assumption of the managing directorship of the International Monetary Fund (IMF), according to a report in The Times newspaper of Britain.

LinkedIn IPO likely a success, but risks real

LinkedIn is due to sell some $341 million of shares to the public later on Wednesday, and the intense demand for the stock so far could be a good indicator of how investors will receive IPOs from other social media companies like Facebook.

WTO gives mixed verdict on Airbus appeal

Trade judges on Wednesday partially overturned a ruling that had accused EU states of giving Airbus illegal subsidies, but said the aircraft maker did receive billions of dollars of unfair aid that harmed Boeing.

FOMC Minutes (FULL-TEXT)

Minutes from the last FOMC meeting held April 26-27, 2011.

Wall Street climbs on commodities, tech earnings

A rebound in commodity prices lifted energy and materials shares on Wednesday, while strong earnings from Dell Inc helped the technology sector as Wall Street found some respite from its recent slide.

Mildred Baena and Maria Shriver pregnant with Schwarzenegger’s baby at the same time

The math's been done, and it seems very likely that Maria Shriver and Mildred Patricia Baena were pregnant with Arnold Schwarzenegger's babies at the same time.

U.S. claims definitive victory in Airbus subsidy case

The World Trade Organization appellate body has handed the United States a definitive victory in its long-running case against European subsidies for Airbus, U.S. officials said on Wednesday.

Insider trading trial defendants attack government case

A former Galleon hedge fund trader on trial for insider trading waded into the river of gossip of Wall Street for tips and speculation, not secrets leaked by corporate lawyers as the government charges, his lawyer told a jury on Wednesday.

Schwarzenegger’s children respond to Mildred Patricia Baena scandal via Twitter

Katherine Schwarzenegger, Arnold and Maria's oldest daughter who is 21 years old tweeted a message about her father's confessions to fathering a child with a member of the household staff.

US To Impose Sanctions on Syrian President Assad

The U.S. government will impose sanctions on Bashar al-Assad, the President of Syria, as well as six top Syrian government officials, over human rights abuses perpetrated over the past two months of unrest in that country, according to reports.

Democratic Senators Urge US To Halt Aid To Pakistan

A group of senior U.S. Senators (all Democrats) are pushing the Obama Administration to halt any further aid to Pakistan until the government is convinced that Islamabad is not sheltering any more terrorists in the country and doing everything it can to stamp out Islamic militancy.

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