Toshiba in talks to hike Westinghouse stake: report
Japan's Toshiba Corp is in discussions to buy out U.S.-based Shaw Group's 20 percent stake in nuclear power plant company Westinghouse Electric Co, the Wall Street Journal reported, in a deal that would erase all American ownership of the 125-year-old Westinghouse.
U.S. Banks Offered Deal over Lawsuits: Report
Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday.
Australia banks face tight timeline on global capital rules
Australian banks will need to meet new global capital rules ahead of the internationally agreed timetable under proposals made on Tuesday, although the move is unlikely to force any of them to raise any new equity immediately.
Iranian Internet users were victim to spying-report
About 300,000 Internet users in Iran have been spied on last month by one or several hackers who stole security certificates from a Dutch IT firm, a report presented by the Dutch government said on Monday.
NASA To Launch Twin GRAIL Spacecraft to Measure Moon’s Gravity
The moon has fascinated mankind for centuries and has been studied by humans for hundreds of years, but Earth's natural satellite is still shrouded in many mysteries.
Stock futures down 2 percent, following Europe selloff
Stock futures tumbled more than 2 percent on Monday in electronic trading, hit hard after European markets slumped on renewed fears the euro zone's sovereign debt crisis is worsening.
Australia wants banks to meet new global rules in 2013
Australia on Tuesday proposed its banks conform to minimum capital requirements faster than global rules as expected, though the proposal is not seen pushing the well-capitalized banks to raise equity immediately.
Temasek hires Merrill SE Asia investment bank head
Singapore's Temasek Holdings has hired a senior Bank of America-Merrill Lynch investment banker, part of a reshuffling of the top dealmaking team at the state investor.
Asian shares fall amid euro zone, banking worries
Asian shares fell and the euro slipped on Tuesday amid fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
Bank of Japan to stand pat but wary of yen spike
The Bank of Japan is expected to refrain from easing monetary policy this week, with the yen's retreat from its record high and a resilient stock market allowing it to save for later its limited options to support the fragile economy.
Former News Corp executives to face hacking committee
Four former executives from News Corp's UK newspaper arm will appear before a powerful parliamentary committee on Tuesday in the ongoing hunt to establish who knew what about phone hacking and whether James Murdoch did enough to uncover the scandal.
ECB's Trichet convinced Greece will take action
ECB President Jean-Claude Trichet said on Monday he was convinced the Greek government would take the decisions required to keep its EU-IMF bailout on track, but it had very little time to do so.
Italy austerity plan moves to Senate as markets press
The Italian parliament begins debating a much criticized austerity package on Tuesday after President Giorgio Napolitano issued a stark warning that urgent action was needed to restore trust in public finances.
Italian President warns on alarming debt signals
Italian President Giorgio Napolitano urged swift action to strengthen planned austerity measures on Monday, saying a severe market selloff was a clear warning that markets had lost confidence in Italy.
Single Molecule Makes Smallest Electric Motor, Marks Nanoscience Breakthrough
A breakthrough achievement in Nanoscience was made when Tufts research team used a single molecule to create the smallest electric motor ever, which is ready to be recognized by Guinness World Records.
Group Targets Republican Senators Who Voted for Same-Sex Marriage in New York
Four Republican state senators crossed party lines in June to vote in favor of New York's historic same-sex marriage bill -- and now the National Organization for Marriage has them in its crosshairs.
Nigeria to put 5-10 pct of FX reserves into yuan
Nigeria's central bank plans to diversify its $33 billion in foreign exchange reserves away from the dollar by switching a tenth of the stockpile into yuan, underlining the momentum behind China's drive to internationalise its currency.
S.Africa stocks tumble, rand slips as global markets weaken
South Africa's stocks fell more than 2 percent on Monday and the rand hit one-week lows to the dollar, with further losses seen this week as worries about the global economy and euro zone debt crisis persist.
Ghana Tema refinery shuts unit, runs out of crude
Ghana's 45,000 barrel-per-day state-run Tema oil refinery shut its main crude distillation unit on August 28 after running out of feedstock, two sources with knowledge of the plant's operations told Reuters on Monday.
G7 to seek ways to prop up global growth: source
Group of Seven financial leaders, worried about risks to global growth, are likely to agree this week to keep monetary policy accommodative, slow fiscal consolidation in countries where that is possible and implement structural reforms, a G7 source said.
Remembering 9/11: Events Commemorating the Anniversary
A list of events to commemorate the 10th anniversary of the 9/11 attacks.
Texas Wildfires: Tropical Storm Lee Brings Texas a Perfect Storm
It was like adding insult to injury: not only did Tropical Storm Lee not bring Texas the rain it so desperately needs, but it whipped up wildfires that have killed at least two people and destroyed at least 300 homes, and show no signs of abating.
Deutsche says Europe crisis could kill weak banks
Europe's sovereign debt crisis will stunt bank profit for years and could kill off the weakest, Deutsche Bank Chief Executive Josef Ackermann told industry bosses, amid intense scrutiny of the sector's finances.
Equities hammered by euro zone and banking worries
LONDON - European stocks tumbled 4 percent on Monday, with banks plumbing a more than two year low, as fears for the future of the euro zone bubbled up against a background of weak economic growth and threats to the banking sector.
Bloody Labor Day Weekend in NYC: 31 Shot in 48 Hours
Including six people shot in Brooklyn Monday morning, New York City's weekend has seen a bloody holiday weekend, with total of 31 shot in 48 hours.
News Corp to sell News of the World site
News International, the British newspaper wing of Rupert Murdoch's News Corp, has put its former Wapping home up for sale, abandoning a plan to remodel the 15-acre site in east London that housed the News of the World.
Scientists Make Electric Motor From Just 1 Molecule, Breaks Record [VIDEO]
The world's tiniest electric motor has been created from a single molecule, giving hope for scientists for developing new devices that can be applied in medicine and engineering.
Analysis: Pension funds in new crisis as deficit hole grows
Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen their deficits, threatening the incomes and retirement dates of future retirees.
Pension funds in new crisis as deficit hole grows
Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen their deficits, threatening the incomes and retirement dates of future retirees.
BP boss Dudley says investors are frustrated
BP chief executive Bob Dudley told employees on Monday that investors' patience was wearing thin, as his turnaround failed to show rapid results and the oil giant continues to face headwinds.
