Chinese Space Program Leaps Forward, Set To Deliver Women to Space
China's space program remains far behind the U.S. in sophistication and technological advancement, but this summer the People's Republic is expected to carry out another two historic firsts. The summer 2012 mission is predicted to make history by sending China's first female astronaut into space and will be China's first manned space docking.
Chinese Party Boss Bo Xilai Fired From Top Posts
Bo Xilai, the former party chairman of southwestern China's 28-million strong Chongqing municipality and a leading figure in the country's leadership, has been stripped of his high ranking posts with the Chinese Communist Party.
Nike, Reebok settle Tim Tebow apparel dispute
Nike Inc and Reebok International Ltd have settled a lawsuit over the right to sell New York Jets football apparel bearing the name of the Jets' new quarterback, Tim Tebow.
As weather gets biblical, insurers go missing
As weather disasters strike with more frequency, homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance companies re-evaluate their financial liabilities.
Wall Street sinks, S&P below support level
Stocks fell in a broad and steep decline on Tuesday, with the S&P 500 dropping for a fifth day to break under a key support level.
Sony sees record $6.4 billion loss on tax hit
Japan's Sony Corp flagged a record $6.4 billion annual net loss, double an earlier forecast and a fourth straight year of red ink, as it writes off deferred tax credits, heaping more pressure on its new CEO to turn around the electronics giant.
RIM losing money on BlackBerry hardware: analyst
Research In Motion Ltd likely lost money on sales of its BlackBerry smartphones and PlayBook tablet computers in the fiscal year just ended, an analyst said on Tuesday after studying the company's latest data.
Court rules Pfizer can face some asbestos suits
A federal appellate court ruled on Tuesday that drugmaker Pfizer can face asbestos liability suits in state court over products once manufactured by a bankrupt subsidiary, dragging out a dispute that has already lasted more than 30 years.
Fannie, Freddie loan write downs possible: regulator
The regulator for Fannie Mae and Freddie Mac said on Tuesday it might make sense for the housing finance companies to write down loan principal under an Obama administration plan, but further study was needed.
S&P 500 falls below support level with earnings ahead
Stocks extended losses on Tuesday with the S&P 500 breaking below a key support level before the start of first-quarter earnings season.
U.S. court rules Pfizer can face asbestos suits
A federal appellate court ruled on Tuesday that drugmaker Pfizer can face asbestos liability suits in state court over products once manufactured by a bankrupt subsidiary, dragging out a dispute that has already lasted more than 30 years.
Ruling moves Tribune closer to bankruptcy exit
Tribune Co, the bankrupt publisher of the Chicago Tribune and Los Angeles Times, moved closer to ending its three-year bankruptcy after a judge resolved lingering disputes about the order in which noteholders should be repaid.
February job openings rise to 3.5 million
The number of unemployed American workers for every job opening fell in February to its lowest since late 2008, pointing to ongoing healing in the still-weak labor market.
Turkey and China Strengthen Relations With Historic Visit
Turkish Prime Minister Recep Tayyip Erdogan arrives in China on a historic trip to discuss improving ties between the two countries.
North Korea's Satellite Launch Preparations Complete
North Korea stated Tuesday that preparations for the Unha-3 rocket, which would carry its first satellite into space, had been completed and that it was now assembled and ready for launch. The White House said it was a ballistic missile in disguise.
Microsoft to struggle vs. Apple, Google in tablets
Microsoft's push into the tablet industry will see only limited success, with the U.S. software maker remaining a distant No. 3 behind Apple and Google, research firm Gartner said on Tuesday.
Microsoft to stay distant No 3 in tablets: Gartner
Microsoft's push into the tablet industry will see only limited success, with the U.S. software maker remaining a distant No 3 after Apple and Google, research firm Gartner said on Tuesday.
CEO sketches out new Yahoo, vows business refocus
Yahoo Inc CEO Scott Thompson unveiled details of how the struggling Internet company will be reorganized, addressing employees just days after unveiling the deepest round of job cuts in years.
U.S. February job openings rise to 3.5 million
The number of unemployed American workers for every job opening fell in February to its lowest since late 2008, pointing to ongoing healing in the still-weak labor market.
S&P 500 falls for fifth session, holds key support
The S&P 500 fell for a fifth straight session in choppy trading on Tuesday, again testing key technical support ahead of the start of first quarter earnings season.
Household debt casts long economic shadow: IMF
Housing busts and recessions are more severe and last for at least five years when they follow a big run-up in household debt, according to a study released on Tuesday by the International Monetary Fund.
Best Buy CEO out; retailer hit by market change
Best Buy Co said Chief Executive Brian Dunn has resigned from the world's largest consumer electronics chain, which has struggled against stepped-up competition from internet retailers and discounters.
Regulator: Fannie, Freddie loan writedowns possible
The regulator for Fannie Mae and Freddie Mac said on Tuesday it might make sense for the mortgage finance companies to write down mortgage loan principal under an Obama administration plan but that further study was needed.
Best Buy CEO resigns
Best Buy Co said its Chief Executive Brian Dunn has resigned from the world's largest consumer electronics chain, as the company looks to please investors looking for change at the top.
McDonald's in franchising deal with Russia's Rosinter
McDonald's Corp will franchise out restaurants in Russia for the first time after picking the sector's largest restaurant holding company Rosinter as its partner in the fast-growing market.
Wall Street set to cap string of losses
Wall Street stock indexes were mixed, pointing to a flat open on Tuesday as S&P 500 futures found support near their 50-day moving average, following four days of losses on the benchmark index.
Facebook to buy Instagram for $1 billion
Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to go public.
US Stock Futures Flat After String Of Losses
Stock index futures were little changed on Tuesday as S&P 500 futures found support near their 50-day moving average following four days of losses on the benchmark index.
Stock futures flat after string of losses
Stock index futures were little changed on Tuesday as S&P 500 futures found support near their 50-day moving average following four days of losses on the benchmark index.
Bourses play nice cop to head off speed-trade rules
The world's stock exchanges are trying to rein in some of the most controversial activities of high-speed trading firms, among their most valued clients, to help head off tough sanctions from regulators.
