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Pepsi May Cut 4,000 Jobs: Report

Pepsi employs about 300,000 workers around the world, including 2,000 in Purchase, New York at company headquarters. The job cuts will involve some employs working in Purchase, according to The New York Post.

Oil Price Hovers Near $103; EU Agrees to Iran Embargo

Iran Ramps Up Gulf Tension, Global Economies on Alert

The price of oil has been rising due to mounting tensions between Iran and the United States and other western countries. On Wednesday the pressure on Iran continued to ratchet up, as European Union governments agreed on to ban imports of Iranian oil.

Rodarte's ‘Fra Angelo Collection’ at LACMA Inspired by Italian Renaissance Frescoes (PHOTOS)

The Los Angeles County Museum of Art (LACMA) has unveiled an exclusive exhibition by California-based fashion label, Rodarte, portraying a unique blend of the old and the contemporary.

Christine Gregoire, Washington (Democrat)

Washington Governor Supports Gay Rights: Will Introduce Bill to Legalize Same-Sex Marriages

The Washington Governor Chris Gregoire supports same-sex marriages and wants to legalize it. The 64-year-old democrat announced that she believes in equality and would introduce a bill to legalize same-sex marriages in Washington. It's time, it's the right thing to do, and I will introduce a bill to do it, Gregoire said in a statement posted on her Web site. I say that as a wife, a mother, a student of the law, and above all as a Washingtonian with a lifelong commitment to equa...

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Planners, Locals React to Cuomo's Convention Center Plan

New York Gov. Andrew Cuomo's plan for a 3.8 million square foot convention center at the Aqueduct Racetrack in Queens, N.Y. was met with approval from one local non-profit planning group, while the local community board said it awaited more details on the project.

Beyonce Baby: Pregnant Singer Will Wear Specially Designed Hairpiece for Delivery

Fans wait impatiently as the Beyoncé baby watch continues. The pop singer and her husband, Jay-Z, are expecting their first child any minute now. In Touch magazine reports that Beyoncé Knowles' family has reserved a private luxury birthing suite at St. Luke's Roosevelt Hospital in New York City. The 30-year-old singer has also allegedly had a hairpiece designed for the delivery.

Large Banks Uncertain about Economy, Certain about QE3

A survey of primary dealers by the New York Fed showed much uncertainty among the 21 large banks that act as counterparties to the Fed's open market transactions.

Boeing to Close Historic Wichita Plant

At its peak, the facility employed 40,000 workers during World War II and remained Wichita’s largest employed for years after the war.

Baron Davis Has a Herniated WHAT?

A typo by the Charlotte Observer noted that injured New York Knicks point guard Baron Davis was suffering from a herniated dick instead of his actual herniated disc injury.

Beyoncé Baby: Fans Congratulate ‘Mama Tina’ for Daughter, Grandchild on Her Birthday

Fans took to Twitter on Wednesday to write a Happy Birthday Mama Tina to Beyoncé's mother, Tina Knowles. The hashtag began trending late Wednesday afternoon.

Model Lauren Scruggs Has First Outing, Recovers Slowly Despite 'Tough Days'

Lauren Scruggs, 23, has been recovering for a little over a month following severe injuries to her face, shoulder and hand from walking into a moving airplane propeller. The fashion model and online blogger has been making a slow, but smooth recovery.

Utica Police Chief Responds to Drug-Planting Cop Video with His Own [VIDEO]

A one-minute and 40-second viral police dashcam video released back in December by the Utica Phoenix, a weekly local newspaper in Utica, N.Y. that covered a story about Utica Police Department officers pulling over a vehicle for allegedly running a stop sign and potentially planting drugs inside of it, has caused uproar.

Hawaii Elevated Train Project Ready to Get Off the Ground

Hawaii is slated to begin construction on an elevated train in Honolulu this spring, ending a 40-year battle to build the mass transit system.

Spike Lee: Upper East Side Fundraiser for Obama

Spike Lee, who solidly endorsed Obama in the 2008 election, has also leveled criticism at the president.

The Black Keys Pick on Nickelback: 'Rock and Roll is Dying'

Rolling Stone's latest cover boys have a whole lot to say about rock and roll and that Canadian band.

Alec Baldwin has a history of hot-headedness. He shut down his Twitter account Wednesday after the incident.

Daily New York News: Claiborne Reborn, Baldwin Out, State Halts School Funds, Inwood Fire, Serial Bandit Strikes Again

IBTimes New York's roundup of New York City news.

Kodak printer ink cartridges are shown in this illustrative photograph taken in Encinitas

Kodak Shares Fall Another 10 Percent as Bankruptcy Fear Grows

Shares of imaging pioneer Eastman Kodak plunged nearly 30 percent Wednesday after a report from the Wall Street Journal the company might seek to file for bankruptcy “in coming weeks.”

Gastric Bypass Cuts Death Risk from Heart Attack and Stroke

Researchers from the University of Gothenburg in Sweden published a study that shows that gastric bypass cuts the risk of death from heart attack and strokes

Beyonce's Baby Watch Continues: WIll Private Couple Release Baby Pictures?

Beyonce's baby watch continues. The singer who in September, said that she was six months pregnant is due to give birth soon. The exact date is unknown, but there were reports that she could be giving birth on Wednesday Jan. 4. The question now is will the public see baby pictures.

John McCain to Endorse Mitt Romney , Hates Rick Santorum

John McCain to Endorse Mitt Romney in New Hampshire, Hates Rick Santorum

Arizona Senator John McCain is expected to endorse Mitt Romney in New Hampshire, a sign both of his faith in the GOP frontrunner and his distaste for new rival Rick Santorum. As Santorum's near-win in Iowa makes the Republican primary result uncertain, Santorum's clashes with McCain seem to have pushed the senator to back his one-time rival.

German President Wulff is pictured on a TV monitor during the recording of a television interview in Berlin

German President to Discuss Loan Scandal

As if being tasked with solving the Eurozone debt crisis is not job enough, German Chancellor Angela Merkel now has to defend her choice of Christian Wulff for president as information has emerged that he tried to prevent media from reporting about his private business dealings.