Moody's cuts Italy credit rating by three notches
Moody's Investors Service cut Italy's bond ratings by three notches on Tuesday, saying it saw a material increase in funding risks for euro zone countries with high levels of debt.
Marvel unveiling Avengers footage at New York Comic Con
New York Comic Con has something its bigger, more established brother in San Diego would have killed for last summer -- an exclusive clip from The Avengers.
Stateless income: David Cay Johnston
From the way Washington politicians in both parties tell it, you may well think that multinational companies favor low-tax jurisdictions when investing overseas. They don't.
Nemo, Little Mermaid swim back to big screen in 3D
Hot on the heels of the box office success of The Lion King 3D, Disney and Pixar are reviving four of their classic animated films in 3D versions for movie theaters.
European court ruling strikes at soccer TV deals
A decision handed down Tuesday by a court in Luxembourg could significantly change the Premier League's TV contracts to broadcast its soccer matches in Europe, but its ramifications beyond live sports could prove to be minimal.
Hungry Muppet to appear on Sesame Street
A new poverty-stricken Muppet will highlight the issue of hunger struggles on an episode of Sesame Street, the show said in a statement on Tuesday.
Warren Buffett defends his proposal to tax super-rich
Berkshire Hathaway Chairman Warren Buffett said he would release his tax return if News Corp. Chairman Rupert Murdoch did so, too.
Fox says can't afford more Simpsons without cuts
The future of animated TV comedy The Simpsons was up in the air on Tuesday after 20th Century Fox Television said it could no longer afford to produce the show without a huge pay cut for its cast.
Robert Towne to write Battle of Britain for GK Films
Childhood memories from his father's tales of watching a pivotal World War II aerial battle over London have inspired a drama produced by Graham King, to be written by legendary screenwriter Robert Towne.
To occupy Wall Street, occupy the internet first
In 2011 in America, what passes for a revolution is a frightening tangle of wires, power strips, routers and gas generators underneath a canopy in the center of a park.
IMAX adds 15 theaters in China
IMAX is continuing its Far East expansion.
NY sues BNY Mellon over forex claims
New York's attorney general said on Tuesday he filed a lawsuit against Bank of New York Mellon for defrauding clients in foreign currency exchange transactions.
Leslie Feist counts down to heartache in Metals
If you loved Feist's breakout hit of a few years back, the jaunty 1234, then you'll love -- or hate -- her new album, Metals, which is basically an extended countdown to heartache.
RIM shares yo-yo on speculation, Apple event
Shares in Research In Motion ended 2 percent higher in yo-yo trade on Tuesday after rival Apple hinted at threats to RIM's core corporate market, but failed to wow fans and investors with its latest iPhone.
Web overtakes TV as most popular UK ad medium: IAB
Brands spent more money advertising on the Internet in Britain than they did on TV for the first time in the first half of 2011, as companies moved online to reach the millions of Britons using social networks and watching videos.
BofA to close correspondent mortgage lending unit
Bank of America Corp said Tuesday it will close its correspondent mortgage lending business by the end of the year after failing to find a buyer for the operation.
KFC parent Yum's results stoke China worries
KFC parent Yum Brands Inc posted a quarterly profit that failed to assuage investors worries about slowing growth in China, its most important market.
KFC parent Yum meets profit forecast
KFC parent Yum Brands Inc reported a quarterly profit that met Wall Street's expectations, helped by another quarter of strong sales in China.
AMR seen pressured, but not ready for bankruptcy
American Airlines may be the most likely big U.S. airline to go bankrupt, but the sum of its hardships -- high labor costs and weak cash flow -- do not add up to an imminent Chapter 11 filing, according to analysts who study the carrier's finances.
U.S. banks losing ground on card security: report
U.S. banks are losing ground in the battle to combat credit and debit card fraud, a new report shows, underscoring the growing threat thieves and hackers pose for the financial system.
Wall Street toys with bear market, buyers rush in
The S&P 500 brushed up against a bear market on Tuesday, but investors rushed in to buy technology and other beaten-down sectors and the index posted its largest gain in more than a week.
Wall Street falls on Europe, S&P enters bear market
Stocks fell for a third day on Tuesday on worries Europe's debt problems will hurt banks, pushing the S&P 500 into bear market territory.
Top Girls Getaways (no boys allowed!)
Leave the husbands, boyfriends, and kids behind on these top getaways that are just for the girls.
RIM shares sink after Apple deployment comments
Shares in Research In Motion fell 4.3 percent to their lowest level in almost six years after Apple CEO Tim Cook said that more than 90 percent of Fortune 500 companies are testing or deploying the iPhone and iPad.
Analysis: U.S. stocks deemed one-eyed man in land of the blind
Big U.S. stocks are providing some shelter from cascading world equity markets but they are far from a safe haven.
BofA shares drop to lowest level since March 2009
Bank of America Corp shares fell 5.2 percent Tuesday to their lowest level since March 2009 amid concerns about how a slowing world economy and the European debt crisis would affect the largest U.S. bank.
Tim Cook kicks off Apple's iPhone event, no Jobs
Apple Inc CEO Tim Cook kicked off an event at which the company is expected to introduce the fifth version of its iPhone.
British Airways to offer Crash Survival Course
British Airways will soon be offering flight survival courses, but there’s a catch. This class will only be open to Executive Club members.
Ubiquiti shrugs off weak market, sets IPO price range
Ubiquiti Networks, a maker of wireless networking products, expects to sell 7 million common shares priced at $20-$22 apiece in a rare move to price an initial public offering in a sluggish market.
iPhone 4S Release Crashes Apple Web Site
The Apple Web site crashed Tuesday afternoon and was still down as of 3:20 p.m., probably due to the high volume of traffic surrounding the iPhone 5 release announcement.