College campuses were once a prime spawning ground for new digital music services. Those days appear to be over.
Comcast Corp and Time Warner Cable Inc are talking with owners of major cable television networks about ways to give cable subscribers online access to much of the networks' programing, the Wall Street Journal said, citing people familiar with the situation.
If the government gives more help to Bank of America Corp and Citigroup Inc in the near term, it will likely stop short of nationalization, even if a full takeover would be best for the banking system.
The global economy may be deteriorating even faster than it did during the Great Depression, Paul Volcker, a top adviser to President Barack Obama, said on Friday.
Diversified U.S. manufacturer United Technologies Corp reduced the pay of its top two executives last year, but continued to pay bonuses to all its top officials as profit rose in a recessionary environment.
The world's largest maker of elevators and air conditioners awarded new chief executive Louis Chenevert compensation worth $18 million, 13.5 percent less than the $20.8 million...
Bank of America Corp shares sank below $3 and Citigroup Inc tumbled below $2 on Friday, hammered by growing fears that the U.S. government could nationalize the banks, wiping out shareholders.
Bears could have the upper hand again next week if Wall Street fails to get assurance that major banks can be rescued without being seized by the U.S. government.
said in a statement the customer accounts were frozen until legal claims could be sorted out.
Also, a federal judge presiding over the Stanford case, U.S. District Judge Reed O'Connor, was recused because a relative has substantial Stanford holdings, according to a court filing.
The Stanford scandal, hard on the heels of allegations that Wall Street veteran Bernard Madoff carried out a $50...
Tech icon Steve Wozniak, who co-founded Apple and helped popularize personal computing, is obviously unafraid to try new things. His latest venture is competing in Dancing with the Stars, ABC's reality TV show which returns for an eighth season on March 9.
The United States ambassador to Kyrgyzstan received an eviction notice demanding Washington close its military air base in the country and depart the country within 6 months.
Regulators seized on Friday Texas billionaire Allen Stanford's banks and companies in Antigua and Barbuda, the Caribbean state at the center of fraud charges against him, as the financier surrendered his passport to U.S. authorities.
Antigua's government, which in 2006 gave Stanford a knighthood, and the Eastern Caribbean Central Bank announced the takeovers after a rush by depositors this week...
Shares of Warren Buffett's Berkshire Hathaway Inc sank Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and U.S. banks.
Berkshire's Class A shares fell as much as 6.2 percent to their lowest level since August 2003, before regaining some ground after the White Hous...
UBS AG warned Friday that it could go out of business if it complied with an order to reveal the names of thousands of suspected U.S. tax dodgers with secret offshore accounts at the Swiss bank.
In papers filed in federal court in Miami, attorneys for UBS said a U.S. government lawsuit filed Thursday could force it to violate Swiss criminal law by turning over inform...
A U.S. appeals court ruled Friday that a California law restricting the sales and rental of violent video games to minors and imposing labeling requirements is too restrictive and violates free speech guarantees.
The Ninth U.S. Circuit Court of Appeals found that the labeling requirement unfairly forces video games to carry the state's controversial opinion about which games are violent.
Th...
The Dow and the S&P 500 fell on Friday, pummeled by worries about the lack of details on the U.S. government's bank rescue plan, though the S&P pulled back from the brink of a 12-year low after the White House said it supported a privately held banking system.
Fears that some major banks could be nationalized had earlier driven the Dow to more than six-year lows. The White House made its...
Oil prices fell on Friday as the deteriorating global economic outlook continued to weigh on the market.
U.S. crude futures for March delivery, which expired on Friday, settled at $38.94 a barrel, down 54 cents, after posting the biggest settlement gain since December 31 in the previous session.
April Brent crude settled at $41.89 a barrel, down 10 cents.
Right now, oil is being driven by the...
Shares of Warren Buffett's Berkshire Hathaway Inc sank Friday to their lowest level in 5-1/2 years amid concern about big potential losses from bets on world stock markets and U.S. banks.
Berkshire's Class A shares fell as much as 6.2 percent to $73,750, their lowest level since August 2003, before rebounding after the White House said it strongly believed the U.S....
A senior Democratic lawmaker will push legislation this year to repeal a U.S. ban on Internet gambling that has hurt trade ties with the European Union, a congressional aide said.
and it's getting worse, said Nouriel Roubini, a prominent New York University economist who forecast much of the credit and housing recession.
The cost of insuring $10 million of Citigroup debt for five years rose to $475,000 annually from $405,000 on Thursday, according to data from Phoenix Partners Group.
The cost of insuring Bank of America debt rose to $275,000 a year from $245,000.
S...
The White House said on Friday it strongly believed in a privately held bank system, after rumors that the U.S. government could nationalize banks caused shares in Bank of America and Citigroup plummet.
Let me reassure as best I can on banks, White House press secretary Robert Gibbs told a briefing with reporters.
This administration continues to strongly believe that a privately held bank...
A U.S. appeals court ruled on Friday that a California law restricting the sales and rental of violent video games to minors and imposing labeling requirements is too restrictive and violates free speech guarantees.
The Ninth U.S. Circuit Court of Appeals found that the labeling requirement unfairly forces video games to carry the state's controversial opinion about which games are violent.
...
Gold rose above $1,000 an ounce on Friday for the first time since March last year as nervous investors piled into the yellow metal to preserve wealth amid a tumbling stock market.
Long-term inflation worries fanned by the massive U.S. economic stimulus package signed by President Barack Obama this week has driven investors into gold, which is perceived as the most likely asset to hold its value ...
