Less than 24 hours after the U.S. government reported it was mostly done with its money-losing bailout of AIG, a Bloomberg News article out Tuesday explained how Wall Street banks are setting themselves up for the next systemic crisis by playing at financial alchemy in the derivatives market.
The island, officially French but in fact very much its own place, is among the most beautiful in the Mediterranean, but it still suffers from endemic violence by nationalists and mobsters. What's wrong with Corsica, then?
The Middle East is looking increasingly unsteady with the attacks in Libya and the protests in Egypt, which may further deter the U.S. from eventually intervening in Syria.
Merck & Co., Inc. (NYSE:MRK), the Whitehouse Station, N.J.-based pharmaceutical giant, is borrowing about $2.5 billion to service corporate and contribute to its pension fund.
Far-right Dutch politician and leader of the ultra-conservative Freedom Party (PVV) Geert Wilders formerly established his party in parliament on a platform of Islamophobic anti-immigration, and now seeks to turn nationalist sentiment against the eurozone amid frustrations with debt-laden countries like Greece, Italy and Spain. Poll indicate his party will lose seats this election, but it has defied expectations in the past.
The same day Kate Middleton donned one of her dresses on the first day of her Diamond Jubilee tour, designer Jenny Packham debuted her Spring 2013 collection at New York Fashion Week which she said was based on the women of yesteryear's SIn City.
Sam Bacile's poorly-made YouTube trailer for the movie "Innocence of Muslims" has gone viral in the Middle East, resulting in protests that killed four Americans in Libya on Tuesday. While it is not directly responsible for those deaths, it is a provocative, tasteless effort.
The Marc Jacobs show at Mercedes-Benz Fashion Week in New York was a madcap scene evoking the feeling of Andy Warhol's Factory in the 1960's with a swingin' mod Spring 2013 collection.
Facebook scrip (FB) seemed to rise against the tide as it posted a gain of 3.30 percent or 62 cents to end at $19.43 Sept.11, after its shares recorded a fall of over 2 percent in early Sept.10 trade before recovering to close $18.79, down 19 cents or 1 percent. The revival despite Co-founder Dustin Moskovitz selling shares stemmed from CEO Mark Zuckerberg's assurance to revive Facebook growth story and align services toward mobile and search functions.
Move over, Heidi Klum. Emma Watson has just dethroned you as the most dangerous celebrity to search for on the Internet, according to anti-virus software maker McAfee.
Saudi Arabia regularly executes convicted criminals by beheading. Its use of the death penalty has been criticized due to a lack of transparency and due process in its criminal justice system
Apple (Nasdaq: AAPL) is expected to debut the iPhone 5 on Wednesday but there are at least five pitfalls that could endanger the company's huge success in the market. Here they are.
Hassan Sheik Mohamud was just elected president of the volatile country of Somalia. With a new constitution and parliament behind him, it's full steam ahead. But can he reverse the country's 21-year curse of failed statehood?
In 1974, when the towers were brand new, a young French street artist took New York by storm when he walked on a wire between them. Today he reminisces on that feat, talks about his myriad projects, and explains why One World Trade Center just isn't the same thing.
On the premiere of Dr. Oz's new season of "The Doctor Oz Show" the television doctor revealed that green coffee bean extract can help women increase their weight loss.
French billionaire Bernard Arnault is seeking Belgian citizenship just as France's Socialist President Hollande sets out to raise taxes on the wealthy, raising fears about a mass exodus of French investors and jobs creators.
Prince Harry has been asked by the British Foreign Office to visit China in an effort to improve diplomatic relations between the two countries, which have suffered over the U.K.'s relationship with the Dalai Lama and the murder of a British national by the wife of a prominent Chinese politician.
The twin towers of New York's World Trade Center destroyed on Sept. 11, 2001 were designed by Japanese-American architect Minoru Yamasaki. Just before he started work on it, he designed Robertson Hall, home of the Woodrow Wilson School, on the Princeton University campus. which has an uncanny resemblance to its former associates.
General Motors Company (NYSE: GM) may be losing money on the Chevy Volt at present, but the long-term benefits of early R&D in electric vehicles, improvements to brand image and improving sales volumes should ultimately make it a wise decision for the company.
Rumors about Microsoft’s Xbox 720, which is the title believed to accompany the PC-maker’s next-generation gaming console, have been circulating for quite some time now. Back in 2010, a document detailing the company’s plans leaked, and now a recently discovered patent reveals that Microsoft intends to take video games out of the television screen and into players’ immediate environment.
Control over a major detention facility at Afghanistan's Bagram Air Base was passed from the U.S. military to the Afghan government in a small ceremony on Monday, a major step in NATO's troop withdrawal and Kabul's progress toward full security independence.
The worlds of fashion and technology collided on Sunday at the Diane von Furstenberg show at Mercedes-Benz Fashion Week in New York when the designer presented her modern princess-inspired Spring 2013 collection along with Google co-founder Sergey Brin, who used the show as a launching pad for the latest tech trend, Google Glass.
Two large investment banks issue fresh forecasts for the price of gold
Economic problems have drastically lowered standards of living across the Palestinian territories, and Palestinian Prime Minister Salam Fayyad is facing heated criticism from the public. But, this weekend, President Mahmoud Abbas stepped up to defend Fayyad.
The FBI's Next Generation Identification would use photographs and biometric data to help law enforcement entities nationwide identify "persons of interest." If NGI's early stages are any indication of where it's heading, privacy advocates and ordinary citizens are right to fear it.
As the fashion choreographer of the afternoon, designer Christian Siriano was en pointe in the execution of his ballet-inspired Spring 2013 collection at New York Fashion Week.
Rebecca Minkoff unveiled her pool party-themed Spring 2013 collection inspired by photographer Slim Aarons at Mercedes-Benz Fashion Week in New York on Friday with Lauren Conrad, AnnaSophia Robb and Olympic swimmer Ryan Lochte seated front row. The collection was pool party-themed, after all.
Honduras is implementing a bold new plan to establish independent "charter cities" that will operate under separate laws in a bid to draw more foreign investment. Proponents says the plan will create thousands of jobs and spur economic development in the rest of Honduras, while critics say they will only open the door for corporations and other governments to exploit cheap labor and neoliberal tax laws.
It's been three years since the Great Recession technically ended, and still, unemployed Americans are struggling to find work.
While pundits and analysts dissected a myriad angles regarding the ECB's proposal, one lesser-considered issue has been how, following the announcement of the plan Thursday, it increasingly seemed Spain was being given the short end of the stick, while Italy was being favored, by the announcement.