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RadioShack plunging on chairman’s retirement

RadioShack Corp. (RSH) stock is plunging on news that its chairman and chief executive officer, Julian Day, will retire in May. The company also posted preliminary fourth-quarter earnings that fell below analyst’s expectations.
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Heath Ledger fans light up Internet with tributes

Fans of Hollywood actor Heath Ledger light up the internet with humble tributes on his third death anniversary. 'The Dark Knight' with Ledger playing his penultimate role of Joker is the favorite to watch.

Hu's U.S. visit sets new tone but tensions remain

Chinese President Hu Jintao headed home on Friday after a U.S. visit both sides declared a success, but which left questions over how the world's top two economic powers will manage future frictions.
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Islanders snatch Nabokov from Red Wings

New York Islanders snatched Russain goaltender Evgeni Nabokov through waivers on Saturday despite the 35-year-old signing a one-year deal with the Detroit Red Wings on Thursday.

Athletes allowed to testify in Barry Bonds trial

Athletes, including former baseball all-star Jason Giambi, will be allowed to testify about getting steroids from Barry Bonds' trainer when the perjury trial of Major League Baseball's home run king begins in March, a federal judge said on Friday.

NYC Mayor threatens massive layoffs amidst pension reform crisis

As the battle over pension reform in cash-starved cities and states intensified, the Mayor of New York City fired another salvo by threatening municipal unions with huge layoffs if they don’t cooperate with his sweeping proposals to overhaul the system.

Union membership plunging in the U.S.

According to The Bureau of Labor Statistics, the percentage of unionized American workers dropped to 11.9 percent from 12.3 percent, with the loss of 612,000 members in 2010. In 2008, unions lost 771,000 workers.

Namath family rooting for Steelers over Jets

Joe Namath may be the greatest icon in New York Jets history, but since he’s originally from the Pittsburgh area, his family members will be rooting for the Steelers in this Sunday’s AFL Championship games.

NYC unemployment rate eases to 8.9 pct in December

New York City's unemployment rate fell two-tenths of a percentage point to 8.9 percent in December from November, but the tourism-related sector hired fewer workers than expected, labor experts said on Thursday.

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