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Sony: Hackers launched no new PlayStation attack

A security measure that Sony Corp installed made one of the official PlayStation websites unavailable in Japan.

Lindsay Lohan pleads “no contest,” receives 120 days of house arrest

Troubled actress Lindsay Lohan pleaded no contest to misdemeanor theft through her lawyer on Wednesday. By doing this, she avoided jail time but received 120 days of house arrest instead.

AT&T, T-Mobile CEOs defend mobile mega-merger

Top executives of AT&T Inc and T-Mobile insisted on Wednesday their proposed merger would benefit consumers and rejected criticisms that it would stifle innovation.

April budget gap narrows sharply from year ago

A surge in income tax receipts helped cut the U.S. monthly budget deficit in half in April compared to a year ago, figures issued by the Treasury Department on Wednesday showed.

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Obama's Immigration Push Triggers Skepticism of 2012 Election Ploy

President Barack Obama's push for comprehensive changes to the nation's immigration laws that would allow more than 11 million people in the country illegally to remain in the country was met with skepticism by Arizona's governor, who said it would be a shame if it was a ploy to get votes in the 2012 presidential election.

BofA working through mortgage problems: CEO

Bank of America Corp is working to improve profits by reducing its number of problem mortgages and cutting other expenses, Chief Executive Brian Moynihan told shareholders on Wednesday.

Chinese economic collapse: does the market already know?

The Chinese economy may be in trouble and the stock market seems to acknowledge the dangers.

Wall Street falls on energy weakness as oil tumbles

U.S. stocks faltered on Wednesday after a three-day rally as a strengthening dollar and data showing a rise in U.S. fuel supplies sent crude oil prices lower, hurting energy stocks.

Exports hit record high, trade gap widens on oil

U.S. exports hit a record high in March, buoyed by the weak dollar and strengthening global demand as U.S. trade returned to levels last seen before the global financial crisis.

Common’s performance at the White House stirs up controversy

It's no secret that President Barack Obama and First Lady Michelle Obama are fans of hip hop and rap music. Just recently Michelle Obama danced the Dougie for her Let's Move initiative.

Yemen al-Qaeda chief vows revenge on US for bin Laden's death

The al-Qaeda chief of Yemen has warned the U.S. and the West that the killing of Osama bin Laden will intensify the jihad (holy war) by the terrorist organization, according to SITE monitoring group

U.S. exports hit record high, trade gap widens on oil

U.S. exports hit a record high in March, buoyed by the weak dollar and strengthening global demand as U.S. trade returned to levels last seen before the global financial crisis.

Visa to launch digital wallet for U.S. banks

Visa Inc, the world's largest credit and debit card processing network, is building a digital wallet that people can use to pay for things online or with their phones instead of with traditional cards.

Trading Titan Guilty: Rajaratnam Earned $63.8 million on Insider Tips, Jury Says

Top hedge fund founder and stock trader Raj Rajaratnam was 'expressionless' in a New York federal court on Wednesday as a jury verdict was read finding him guilty of 14 charges, including insider trading.

Brood XIX Cicadas Emerge in the American South

After 13 years underground, the Brood XIX cicadas are popping up across the American South.

Sweeping guilty verdict against Rajaratnam

Galleon Group hedge fund founder Raj Rajaratnam was found guilty of 14 securities fraud and conspiracy charges on Wednesday, in a vindication for the government's use of aggressive tactics in prosecuting insider trading on Wall Street.

Energy stocks weigh on Wall Street, Disney hurts Dow

U.S. stocks faltered on Wednesday after a three-day rally as falling crude prices hurt energy stocks and disappointing Disney earnings dragged down the Dow industrials.

Rajaratnam Verdict: Guilty on All Charges for Wall Street Hedge Fund Titan

Raj Rajaratnam, the head of one of Wall Street's largest hedge funds was found guilty on all charges on Wednesday, after a jury delivered its verdict after nearly two weeks of deliberation.

Exports set record as trade gap widens

U.S. exports set a record in March, buoyed by the weak U.S. dollar and strengthening global demand as U.S. trade flows returned to levels last seen before the global financial crisis.

Macy's outlook rosy as middle-class returns

Macy's Inc reported a higher quarterly profit and said it expects a continued upswing in sales and profits for the rest of 2011, reflecting the improving fortunes of middle-class shoppers, its core customers.

Trade gap widens more than expected in March

The U.S. trade deficit widened more than expected in March, as exports leapt to a new record but imports rose nearly 5 percent as oil prices jumped, a U.S. government report showed on Wednesday.

Wall St falls, weighed by energy stocks, Disney

U.S. stocks fell on Wednesday after a three-day rally as Disney results weighed on the Dow industrials and a slide in crude prices hurt energy stocks.

Obama to speak to Muslim world; Kerry going to Pakistan to heal relations

U.S. President Barack Obama will make a speech to the Muslim world in the wake of the assassination of Osama bin Laden in Pakistan and the ongoing conflicts in the Middle East, according to a report in the Wall Street Journal.

Japan nuclear operator seals radioactive water leak

The operator of Japan's tsunami-crippled Fukushima Daiichi nuclear station said on Wednesday that it has sealed a fresh leak of radioactive water at the plant that it suspected was seeping into the ocean.

HSBC Bank Plans Huge Costs Reductions, Job Losses Inevitable

HSBC Holdings Plc (NYSE: HBC) said it plans to save up to £2-billion (or $3.5-billion) over the next two years. by downsizing its wealth management and retail segments