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The recent U.S. housing bubble and resulting severe recession discouraged an entire generation of potential home buyers, who see ownership of a residence as far riskier than preceding generations did, a top U.S. central banker said Friday.

Broadway will soon have another Woody Allen creation on the stage: Bullets Over Broadway. The 1994 film is being adapted into a musical that aims to open in 2013.

J.C. Penney Co Inc's February sales are down from last year, its chief executive said on Friday, as the retailer tries to get shoppers used to a new pricing strategy that does not include the discounts that hurt margins.

Pop superstar and fashionista Lady Gaga may be ready to create some “little monsters” of her own. Star magazine reported that the 25-year-old “Marry the Night” singer may be ready to settle down with boyfriend Taylor Kinney.

Sacha Baron Cohen, in the guise of his latest creation Admiral General Shabazz Aladeen, has hit back at Oscar organizers who yesterday told him not to show up as his latest satirical creation.

In at least three debates now, Republican presidential contender Mitt Romney has referenced a quote from Seinfeld episode 172. The latest instance occurred on Tuesday during CNN's Arizona Republican Presidential Debate. Has Romney been using a mistaken attribution all this time?

For the first time in the history of medicine, doctors at Memorial Hermann Northwest Hospital in Houston live-tweeted their actions as they performed a double-coronary artery bypass on a 57-year-old male patient.

Stocks were little changed on Friday, hovering around highs not seen since June 2008, while energy shares gained alongside crude oil prices.

Super PACs are new in this election season, but the term is popping up everywhere in politics. That's because these deep-pocketed fan-clubs have become a major force the race for the Republican presidential nomination.

Citigroup Inc. (NYSE: C) raised $1.9 billion, a much-needed piece of capital, from the sale of its entire stake in Indian's giant mortgage lender Housing Development Finance Corp.

Earlier in February, the media reported that the U.S. Air Force wanted to buy thousands of Apple iPad tablets to replace the conventional flight bags carried by pilots. Nobody knows the exact number of iPads, the U.S. Air Force wanted to buy. Some say that the figure is 3,000. But to replace the flight bag of all the pilots in U.S. Air Force, 18,000 is still a small figure. That means a big business for Apple.

A pro-government Saudi columnist recently called for a massacre against a Shiite town in Saudi Arabia claiming that the anti-government protestors are controlled by the Shiite Iran.

If Apple co-founder Steve Jobs had been alive today, then it would have been his 57th birthday.

Newmont Mining said it expects a rise in costs for gold and copper in 2012, mainly due to higher labor and power prices and estimated lower production at a mine in Indonesia.

The Jets have restructured D’Brickashaw Ferguson's contract. Are they preparing to sign Peyton Manning?

Here are the over/unders for team wins for the upcoming baseball season

The New York Knicks, led by Jeremy Lin and Anthony Carmelo lost to the Miami Heat and LeBron James on Feb 23, 2010 with a final score of 102-88, giving the Knicks a season record 17-18 and positioning the Heat as the team to beat with the best record in the NBA (27-7). Check out our roundup of YouTube video highlights from the game.

President Barack Obama apologized on Thursday for the burning of copies of the Koran on a U.S. base in Afghanistan as the White House sought to quell spiraling furor among Afghans while also staving off Republican criticism at home.

Gowan also added to the news service that Despite Annan's personal profile, the key to successful mediation is for him to have genuine political support from across the international system. If the Russians and Chinese don't give him sufficient support, Assad and his supporters are likely to refuse to talk seriously.

Citigroup Inc. exited investment in India's Housing Development Finance Corp. for $1.9 billion resulting in a pre-tax gain to it of $1.1 billion and an after-tax gain of approximately $722 million.

Shares of American International Group Inc. rose 6 percent in after hours trade on Thursday after it announced that the fourth-quarter profit jumped 77 percent, fueled by a tax benefit and an increase in the value of a stake in Asian insurer AIA Group Ltd .