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Britney Spears' former manager sues her and parents

Britney Spears' former manager Osama Sam Lutfi is suing the singer and her parents for defamation, battery, intentional infliction of emotional distress, and breach of contract.

Madoff witness says he feared for safety

Harry Markopolos, a former financial executive who tried to expose the alleged swindler Bernard Madoff, will tell lawmakers he feared for the safety of his family when U.S. securities regulators ignored evidence in the case, according to a prepared testimony that has been leaked.

Madoff witness feared for safety

Obama on cabinet setbacks: 'I screwed up'

Following a series of scandals that forced one of Obama's most important nominees to withdraw, questions have been raised over the new president's central campaign pledge to change corrupt politics.

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OzForex Daily Commentary - 04/02/2009

Australian Dollar: After being sold off aggressively the AUD was hovering around the 63 cent mark in early morning trade yesterday but managed to drift higher heading into the

China-US Relations May Be Tested by Global Recession and Climate Change

U.S.-China expert says economic crisis and climate change will shape President Obama's relations with China.

Tom Daschle withdraws as cabinet nominee

Former senate leader, Tom Daschle withdrew his nomination to be President Barack Obama's Health and Human Services secretary on Tuesday, saying he did not want to be a distraction.

US and NATO supply link to Afghanistan cut

On Tuesday militants blew up a bridge in northwest Pakistan, cutting the main route for supplies bound for Western forces in Afghanistan.

Iraqi woman arrested for recruiting female bombers

On Tuesday a woman suspected of recruiting more than 80 female suicide bombers was arrested the Iraqi military said.

UBS mulled selling U.S. brokerage to Morgan Stanley

Swiss bank UBS held talks with Morgan Stanley late last year about a sale of its U.S. brokerage arm -- a unit UBS acquired in 2000 for $11.8 billion formerly known as PaineWebber -- according to a report in the Financial Times Tuesday.

UBS, Morgan Stanley held talks on brokerage sale

Obama discusses bilateral trade deal with South Korea

U.S. President Barack Obama and South Korean President Lee Myung Bak agreed on Tuesday to work together combat trade protectionism between the two trading states.

Citigroup to use $36.5 billion in bailout funds for mortgages, loans

Citigroup will use $36.5 billion to issue mortgages, credit card loans and buy distressed assets in the credit market in the coming months, the Associated Press reports citing a report from the firm.

Citigroup will use $36.5 billion in bailout funds for mortgages, loans

Citigroup will use $36.5 billion to issue mortgages, credit card loans and buy distressed assets in the credit market in the coming months, the Associated Press reports citing a report from the firm.

Dow Chemical post $1.55 Bln 4Q loss, revenue drops

Dow Chemical Co reported a fourth-quarter loss on Tuesday, as sales dropped 23 percent and volumes fell sharply amid the global economic crisis.

Phelps caught hitting Marijuana

The 23 year old Olympic gold medalist and Towson native Michael Phelps apologized for regrettable behavior after a photo of him smoking a marijuana pip

Gadaffi elected as new leader of African Union

On Monday at the African Union summit in Addis Ababa, Libyan leader, Moammar Gadhafi, was elected leader of the African Union, a position he has long sought.

Obama nominates Ron Sims for HUD

President Barack Obama announced Monday that Ron Sims will be nominated as deputy secretary of the U.S. Department of Housing and Urban Development.

Humana gains as it unveils optimistic 09 forecast

Humana Inc rose on Monday after the second biggest health insurer in the U.S. unveiled an optimistic forecast for 2009.

U.S. refiners, workers extend talks to avert strike

Suspense over a possible strike at U.S. refineries continued as the United Steelworkers union prolonged talks with companies on Monday for a new contract involving thousands of workers across the country.

U.S. refiners, workers extend talks to avert major strike

Mattel 4Q profit drops, misses forecasts

Mattel Inc. the world's largest toy maker said its fourth quarter profit fell 46 percent compared to the same period last year and far below forecasts. Analysts attributed the losses to a stronger dollar and a weak holiday season not seen in decades.

Michael Phelps apologizes for 'bad judgment' over marijuana-smoking photo

Swimmer Michael Phelps, who has won more gold medals than anyone in Olympic history, admitted on Sunday that he had engaged in regrettable and inappropriate behavior after a photo of him smoking marijuana was published in a British tabloid over the weekend.

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