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Toyota founder's grandson becomes new president

Toyota Motor appointed its new president Akio Toyoda, grandson of the company's founder, on Tuesday during one of the most challenging economic environments in the automaker's history.

Jennifer Lopez and Marc Anthony wear wedding rings to Obama party

Jennifer Lopez and Marc Anthony calmed divorce rumors by appearing together at an Obama Bash.

Universal Pictures takes stake in Italy's Cattleya

Universal Pictures, the studio arm of NBC Universal, announced Monday it had acquired a minority stake in a leading Italian film production company Cattleya. This deal follows the merger last Wednesday of Universal Pictures Intl. Studio and Focus Features under the new banner of Focus Features Intl., according to Financial Times.

Biden's wife reveals Obama secret to Oprah

The Biden's appeared on 'Oprah' Monday afternoon, where the day-time queen will be filming her show in Washington D.C. all week, when Jill Biden let some information slip that apparently she was not supposed to.

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New U2 single hits the air

The new singe of U2 Get on Your Boots began broadcasting Monday, first on Ireland's state broadcasters, then for free on the group's Web site.

Scientist finds new creatures in deep Australian seas

On Sunday, a U.S – Australian team of scientists announced that they had uncovered new marine animals in their research of previously unexplored Australian waters, such as bizarre carnivorous sea squirt and ocean-dwelling spiders.

Boxing legend Jose Torres dies

The boxing legend Jose Torres, the former world light-heavyweight champion, passed away earlier today from a heart attack.

Preparation for the onetime historical Presidential inauguration

As President-elect Barack Obama, the nation's 44th president, prepares to assume the presidency on Tuesday many Washington residents admit that the upcoming inauguration will be very special.

Chrysler to partner with Europe's Fiat: Source

Fiat Group and Chrysler LLC are in negotiations to form a strategic partnership, a report from Automotive News Europe said on Monday.

Star-studded Inaugural Celebration for the Obamas

Just ahead of being sworn in as the 44th President of the United States, Barack Obama and his family got a star-studded and emotional welcoming at the Washington's Lincoln Memorial on Sunday

RBS to report worst ever annual loss for U.K. corporation

Royal Bank of Scotland said Monday it expects its losses for last year could grow to 28 billion pounds or $41.3 billion, the biggest loss registered in U.K.'s corporate history.

New face at Brazil's carnival this year

This year one will see a new face at Brazil's carnival; president- elect Barack Obama.

Obama recalls history, says inauguration is collective celebration

President elect Barack Obama took a historical view of the American inaugural celebration tradition which first took place 220 years with the first U.S. President, during his last radio address on Saturday ahead of his swearing in as the nation's chief executive on Tuesday.

Steve Jobs takes break from Apple but stays at Disney

Apple Inc. chief executive Steve Jobs is standing for re-election for the board of directors of Walt Disney Co. despite taking a six month medical leave from his duties at Apple.

American Lindsey Vonn bags first win of 2009 World Cup super-combined 2009

Lindsey Vonn of the United States won a World Cup super-combined race Saturday after nearly crashing during a jump in the downhill leg.

AMD cuts 1,100 jobs, executive's salaries to handle recession

Advanced Micro Devices Inc. announced Friday it will cut 1,100 jobs and make temporary pay cuts to top executives and employees as the company faces the tough economic conditions.

Looking Ahead to 2009

The U.S. labor force may not notice the end of the recession later this year because jobs and income will continue to be weak in the subsequent months, one economist says.

Credit Where Credit is Due

This week, in a speech before the London School of Economics, Fed Chairman Ben Bernanke offered a perverse economic theory in his quest to gather support for

Kimora Lee Simmons Pregnant with Djimon Hounsou baby

Kimora Lee Simmons and actor Djimon Hounsou are reportedly expecting their first child together.

Obama supports DTV-Switch Delay

President-elect Barack Obama's transition team sent a second letter to Capitol Hill on Friday to re-enforce the push to postpone the nation's scheduled transition to digital-only television.

Joaquin Phoenix new rap career to be documented

For all the broken-hearted Joaquin Phoenix fans, Casey Affleck has news that will cheer them up.

'Bad Bank' Possibility Gains Momentum

The idea of creating a bad bank to assume the risky investments of financial institutions is being considered by top U.S. policy makers as a way of healing the financial system.

Toyota, Honda slash U.S. production on fears of low demand

Japanese Toyota Motor Corp. and Honda Motor Co. are cutting U.S. production more as auto sales are forecasted to drop significantly in 2009.

Record crowds, record coverage for Obama's inauguration

Barack Obama's inauguration next Tuesday will be one that breaks numerous records in one go.

Obama ran for president for his daughters and all children

On Tuesday in an open letter to his two young daughters, US president-elect Barack Obama said Thursday that he entered the race for the White House because of what I want for you and for every child in this nation.

Bank of America gets $20 Billion investment from U.S.

Bank of America on Friday said it has secured a $20 billion government investment to assist in acquiring brokerage Merrill Lynch. The government will also cover a majority of losses linked to Merrill's assets.

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