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Debate on jobless rate may shape Fed policy

The U.S. Federal Reserve's latest $600 billion bond-buying program is built on the idea that most of the stubbornly high unemployment rate is reversible, if only borrowing costs are pushed low enough.

New York Jets Hoping For Win, Financial Boost

A New York Jets win this Sunday not only would propel the team to its first Super Bowl appearance since 1969, but could also give the team a boost in revenue while it makes payments on $650-million in debt.
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Facebook co-founder Eduardo Saverin invests $8 mln in Qwiki

Facebook co-founder Eduardo Saverin and YouTube co-founder Jawed Karim are investing $8 mln in Series A funding into Qwiki, a startup pioneering the information experience via on-the-fly transformation of data into rich media narratives

JFK airport terrorist attack conspirator sentenced to 15 years in prison

Abdel Nur, a Guyanese national, has been sentenced by a U.S. district court judge to 15 years in prison for providing material support to a terrorist group that had conspired to attack John F. Kennedy International Airport in Queens, New York, by exploding fuel tanks and the fuel pipeline under the airport.
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Blockbuster wins 3-month restructuring extension

Blockbuster Inc. on Thursday received three more months to negotiate store leases with its landlords -- its second restructuring extension this week -- giving the video rental chain more time to try to reorganize its business.

Freddie Mercury: The world’s first Indian rock star

One of the greatest, most popular and iconic rock-and-roll stars of all-time was of Indian descent – Freddie Mercury, the charismatic (some would sneer over-theatrical) lead singer of British music group Queen.

U.S. mafia is a national burden, says FBI director

Organized crime - as embodied by the U.S. mafia - hasn't gone away and is a nationwide concern for businesses and consumers, the head of the FBI said on Thursday after over 100 mafia members and associates were arrested and charged with a wide-range of crimes.
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Gold Slumps to 2-Month Low as Dollar Rallies, Stocks Fall with Oil & Bonds

Reports that some financial institutions have started to exit their gold positions have been circulating this week, says French bank and London bullion dealer Natixis in its latest commodity analysis. Physically-backed ETF trust funds shrank almost 1% this week on Natixis' data - the sharpest weekly drop since we started keeping records in 2008.

Sex abuse scandals line John Paul's road to sainthood

The leadership of the Roman Catholic Church is embroiled, once again, in a sexual abuse scandal or, more properly speaking, another aspect of the same sexual abuse scandal that has haunted the Church for over 20 years.
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F.B.I arrest close to 130 mobsters

The FBI has arrested more than 100 suspected mobsters on Thursday.This FBI Mafia bust is the largest ever in New York's organized crime history.

'Silver prices set to leap four-fold in three years'

Silver prices could hit an incredible $120 in just three years, propelled by a physical shortage in the silver market and further momentum in economic recovery, CommodityOnline has reported citing a report by thesilvershortage.com.

Dubai Shopping Festival kick starts

The sixteenth international Dubai Shopping (DSF) Festival is all set to kick start at the Burj Khalifa, Dubai Creek Park, Global Village, and the Dubai Outlet Mall on Thursday.

Top After-Market NYSE Gainers (DDS, GEO, TTI, LEE, MGI)

The top after-market NYSE gainers on Wednesday are: Dillard's, Geo Group, Tetra Technologies, Lee Enterprises, Moneygram International, Equal Energy, Horizon Lines, Main Street Capital, Strategic Hotels & Resorts and American Oriental Bioengineering.

Doodle 4 Google Contest Begins

Google Inc. on Wednesday kicked off the fourth annual Doodle 4 Google contest, a competition that calls on K-12 students in the U.S. to think big and redesign Google's homepage logo, inspired by the theme 'What I'd like to do someday...'

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