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Abstract Expressionist Helen Frankenthaler Dies at 83

Abstract painter Helen Frankenthaler dies at 83

U.S. painter Helen Frankenthaler, who poured thinned pigments directly onto untreated canvas to create ethereal fields of color seen as seminal works in the development of abstract expressionism, died at her home in Darien, Connecticut, on Monday evening at the age of 83.

S&P 500 Erases 2011 Gains, Euro at 11-Month Low

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Stocks fell about 1 percent on Wednesday on concerns about the economy in early 2012 while the euro hit a fresh 11-month low against the dollar before a key auction of long-dated Italian debt on Thursday.

Kobe Bryant Convinces Alex Rodriguez to Seek Orthokine Therapy for Knee

Kobe Bryant
Los Angeles Lakers guard Kobe Bryant, who took two trips to Germany, one in the summer and the other in October, during the prolonged offseason for knee and ankle treatment, recommended that New York Yankees third baseman Alex Rodriguez also go to Germany to go through the same experimental therapy he did to heal up, according to the New York Post.
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LG Display plant in eastern China hit by strike

Workers at an LG Display factory in eastern China have gone on strike, halting some production, the company said on Wednesday, in the latest action by China's increasingly assertive workforce.
San Francisco 49ers Braylon Edward Wide Receiver Released

Braylon Edwards Released by San Francisco 49ers

San Francisco 49ers wide receiver Braylon Edwards was released on Tuesday after an injury-riddled season. He suffered a knee injury in week 2 that sidelined him for five weeks, and then suffered a shoulder injury two weeks later.
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Madonna Badger: Fire Caused by Discarded Hot Embers

The Christmas Day house fire that killed Madonna Badger's three daughters - Lily, Grace and Sarah -- and her parents - Lomer and Pauline Johnson -- was caused by discarded hot embers removed from the fireplace, authorities report.
Mega Millions

Mega Millions NY: $206 Million Jackpot Won

It is the second time this year that a ticket sold in New York hit a Mega Millions jackpot worth more than $200 million. The last one came in June, when 20 co-workers from a Long Island Costco store split a $201.9 million price in the multi-state lottery.
Raptors head coach Dwane Casey

Dwane Casey Places a 1,300-Pound Rock in the Raptors’ Locker Room

Toronto Raptors head Coach Dwane Casey believes the team is heading into what he calls a building season and so he had introduced a new motto to the team: Pound the Rock. But the team isn't just getting these words as inspiration, Casey has placed a 1,300-pound rock inside the players locker room as a stark reminder of the mentality he is trying to instill in them.
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Badger Fire Declared Accidental

A raging Christmas-morning house fire that killed an elderly couple and their daughter's three young girls in Stamford, Connecticut, appears to have been caused by embers from a fireplace and was accidental, city officials said on Tuesday.
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Carlyle Launches Financial Firms Buyout Fund

The Carlyle Group has started fundraising for a new global financial services buyout fund that is seeking to top its previous $1.1 billion fund, which is now almost fully invested, a person familiar with the matter said on Tuesday.
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Appeals Court Delays SEC-Citigroup Fraud Case

The Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge's decision to reject its $285 million settlement with the bank.

U.S. Appeals Court Delays SEC-Citigroup Fraud Case

The U.S. Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge's decision to reject its $285 million settlement with the bank.
Logo on headquarters of American International Group Inc. (AIG) in New York

Court OKs AIG's $450M Workers Comp Settlement

A federal judge has approved American International Group Inc's $450 million settlement with rival insurers to end litigation accusing AIG of underreporting premiums on workers' compensation policies.
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The Only Four NYC Steakhouses You Need To Know

If you’re looking for a steak in New York, it’s not hard to find. Some of the best restaurants from around the world are in this city, and likewise, the steakhouses are superb. Whether you’re looking for a seared sirloin or a nice juicy cut of ribs, there’s a top-tier steakhouses that will fit the bill. While each steakhouses interior and preparation may be different, they’re each one of a kind.
Director Wim Wenders arrives during a red carpet of his movie ''Pina'' at the Rome Film Festival

Indie Box Office: Wim Wenders' Pina opens big

Pina, Wim Wenders' 3D documentary about dancer-choreographer Pina Bausch, opened to an impressive $88,399 at three New York locations over the weekend, leading the specialty market.
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Morgan Stanley to Cut 580 Jobs in New York City

Morgan Stanley (MS) will axe 580 jobs in various sites in New York City due to economic reasons. The rolling layoffs began on Dec. 15 and the company has not identified a closing date, company filings with the New York Department of Labor showed Tuesday.

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