U.S. Rep. Charles Rangel, D-NY, has been found guilty of 11 ethics violations by a House Ethics Adjudicatory Subcommittee today, following about six hours of deliberations.
William Dudley, president of the New York Federal Reserve, downplayed the charge that the Federal Reserve is monetizing U.S. government debt. The Fed is accused of doing so because it is engaged in quantitative easing.
The Manhattan Supreme Court has dismissed a petition by Diandra Douglas, the former wife of Michael Douglas, putting to a halt to her bid of receiving a share of profit from the blockbuster movie sequel Wall Street: Money Never Sleeps.
Ford Motors has announced the list of cities, which shall receive the first all-electric passenger car Focus Electric, which debuts in late 2011.
The US Department of Energy has set up an expert committee to report on its activities in energy efficiency and renewables to the Energy Secretary.
American entrepreneur and renowned wine critic Mark Oldman has released his new book 'Brave New World of Wine' published by New York-based W.W.Norton & Company. Through this book, the author aims to inspire readers to drink bravely.
Jessica Simpson and Nick Lachey, former stars of reality show 'Newlyweds', are both getting married again; albeit to different people.
Tech websites are abuzz with talk about Google preparing to launch its own e-commerce site and upgrade its shopping services to emerge as a force to reckon with in the multi-billion dollar online shopping business.
The World Bank, through the MIGA, significantly expanded the eligible pool of projects it would guarantee for private foreign companies investing in projects in developing countries.
A two-year investigation into possible ethics violations by U.S. Rep. Charles Rangel, D-NY, led today to the beginning of a trial before an eight-member, bipartisan House subcommittee. Rangel’s first move was to request a postponement.
The Obama administration is to present a transition plan for Afghanistan at the upcoming NATO summit in Lisbon. A gradual reduction of troops is to begin in July next year and all combat operations will end in 2014 as scheduled. The plan is also expected to suggest stepping up the efforts to build up the Afghan security forces.
Manufacturing activity in the New York area worsened in November with the corresponding index going into negative territory for the first time since mid-2009.
Jay-Z and Gucci fashion house have come up with a leather bomber jacket to release his book 'Decoded' in a unique way. An interactive game with the Microsoft search engine Bing has been created to enable people to unlock clues to preview pages of the book.
World Bank President Robert Zoellick is the most high-profile person in recent history to bring up the gold standard. However, his endorsement was almost universally dismissed as too archaic and impractical.
David Arquette may have announced the reasons for separating from his wife Courteney Cox but it seems he hasn't disclosed all of them yet. According to The Mirror he now blames Jennifer Aniston for the break-up of his marriage.
A breakthrough skin lifting and tightening procedure known as ‘Ultherapy’ was demonstrated live on an audience member by Dr Mehmet Oz on his show on Friday.
Sony and Microsoft are hoping their new motion sensor controllers help them surpass long-time industry champion Nintendo in the console race this holiday season.
U.S. economic policy is stuck in the pre-1970s era, which had higher population growth. Before 2008, this outdated policy caused boom-and-bust cycles. Now, it is failing to boost economic growth and possibly endangering the world financial system.
Dumb money is beginning to pour into gold. However, gold fever has not yet taken over the public imagination and there are still many potential buyers on the sidelines. The rally is therefore likely to continue.
On Friday at the G20 summit, finance ministers of France, Germany, Italy, Spain, and Britain issued a joint statement saying the holders of any existing euro zone government debt are safe from regulatory changes that would force them to take on additional losses.
Home foreclosures in the U.S. in October fell by 9 percent primarily because some major banks temporarily froze foreclosure proceedings and delayed sales of foreclosed properties nationwide after being criticized for shoddy paperwork, according to real estate data company RealtyTrac.
Leaders at the G20 spent as much time promoting the process itself as the real accomplishments of the summit. Most said that while there was little in the way of concrete rules, there were a number of steps in the right direction.
