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Estate of Madoff insider settles $7.2 billion claim

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The estate of Jeffry Picower settled a $7.2 billion lawsuit filed by the Madoff firm trustee, significantly increasing the amount available to repay investors swindled in the epic fraud, U.S. officials said on Friday.

Nigeria drops charges against Halliburton, Cheney

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Nigeria's anti-corruption agency said on Friday it had dropped bribery charges against former U.S. Vice President Dick Cheney and oil services company Halliburton after the company agreed to pay a fine.
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Oklahoma goes ahead with 3rd execution this year

Oklahoma has executed John David Duty, 58, on Thursday keeping alive its capital punishment policy. The difference this time was that it used for the first time a drug called pentobarbital, a sedative that is used as euthanasia for animals.
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Brokerages cheer Oracle's strong profit view

At least three brokerages raised their target prices on Oracle Corp on Friday, a day after the business software maker forecast third-quarter profit to be above Wall Street estimates.
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U.S. faces future without Build America Bonds

U.S. state and local governments faced the realization on Friday that in just 14 days they will no longer be able to sell taxable Build America Bonds, the federally subsidized debt created in the economic stimulus plan to fund infrastructure projects and create jobs.
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Commerce Dept. Proposes Privacy Bill Of Rights

The U.S. Department of Commerce has unveiled its recommendations for improving online privacy practices, and has called for a privacy bill of rights that would help regulate the way personal data is used.
Will India respond to allegations of human rights abuses in Kashmir

Will India respond to allegations of human rights abuses in Kashmir?

Classified US diplomatic cables leaked by whistle-blower site Wikileaks revealed that the International Committee for Red Cross (ICRC) briefed US officials over the continued ill-treatment of detainees in Kashmir by the armed forces and the police. Some cables stated that the government-nurtured militia committed brutal human rights abuses including extra-judicial killings, rapes and extortion of Kashmiri civilians suspected of harboring extremists in the Valley.
Iraq's Prime Minister Nuri al-Maliki speaks during a news conference in Baghdad

Chevron approached Iran to develop oil project: WikiLeaks

Chevron Corp. (CVX) negotiated with the Iranian government about developing Iraq-Iran cross-border oilfield, in direct violation of U.S. sanctions against Teheran, according to Iraqi Prime Minister Nouri al-Maliki in diplomatic cables leaked by WikiLeaks.
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Employment in most U.S. states better than last year

Employment conditions in more than half of U.S. states improved in November from a year earlier, the government reported on Friday, with unemployment rates dropping in 28 states and the District of Columbia.
The U.S. Capitol Dome is lit after the first significant snowfall of the season as the House of Representatives worked late into the evening to pass the $858 billion package of renewed tax cuts and more unemployment benefits in Washington, December 16, 20

Congress sends tax deal to Obama

Congress passed a compromise deal late Thursday to keep alive Bush era tax cuts for all Americans and continue to provide unemployment benefits for millions of workers, with President Barack Obama set to sign the bill into law.
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RIM shares rise after results but doubts linger

Research In Motion's growing reliance on sales outside the United States left many analysts wondering about the BlackBerry maker's competitive edge, even as the company reported decent quarterly results.
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S&P, Dow dip on Ireland downgrade

The S&P 500 and Dow were slightly lower on Friday on renewed concerns over euro zone debt, but the Nasdaq stayed in positive territory on some positive corporate results in the tech space.
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HP says U.S. probing certain transactions in Europe

U.S. authorities have been conducting a probe to find whether current and former employees of Hewlett-Packard Co paid kickbacks in certain transactions spanning several European countries, HP said in a filing.
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Employment in most states better than last year

Employment conditions in more than half of U.S. states improved in November from a year earlier, the government reported on Friday, with unemployment rates dropping in 28 states and the District of Columbia.
Nobel Physics Prize winner Glauber smiles in office at Harvard University

Science accords world's first Quantum Machine with 'Breakthrough of the Year' title

The world's first 'quantum machine', a device that jiggled in ways explicable only by the weird rules of quantum mechanics, has been recognized as the 2010 breakthrough of the year, Science journal said. Constructing a synthetic genome, sequencing of the Neanderthal genome and unequivocal success of two HIV prevention trials were among the other nine groundbreaking achievements of the year, the magazine said.
North Korea threatens South with deadlier attacks over live fire drills

North Korea threatens South with 'deadlier attacks' over live-fire drills

North Korea on Friday warned of 'deadlier attacks' if the South decides to go ahead with live-fire drills on Yeonpyeong Island in the Yellow Sea. Officials of the communist state maintained that the attacks this time would be more lethal than that of last month's artillery shelling that killed two South Korean soldiers and two civilians.

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