U.S. banks report $5.2 billion in Q2 trading revenue
U.S. commercial banks reported a drop in trading revenues for the second quarter as earnings from interest products plunged, though revenues were boosted by improving credit markets, the Office of the Comptroller of the Currency said on Friday.
Twitter snags new investment, backers
Twitter closed a new round of funding on Friday with five investors including mutual fund giant T. Rowe Price and private equity firm Insight Venture Partners, underscoring growing investor interest in the three-year-old Internet microblogging service.
Bin Laden demands Europe withdraw Afghanistan troops
Al Qaeda leader Osama bin Laden demanded that European nations withdraw their troops from Afghanistan in a new audio tape aired on Friday, saying they were sacrificing men and money in an unjust U.S.-led war.
Honda unveils battery-powered unicycle
Honda Motor Co has unveiled an electric battery-powered personal transporter, a unicycle shaped like the number eight that riders steer by leaning in the direction they want to travel.
Fitch puts AIG leasing unit on negative watch
Fitch Ratings put AIG's aircraft leasing unit, International Lease Finance Corp. on negative rating watch on Friday, citing concerns whether the company could be sold in a way that would keep its ratings at investment grade level.
Fed's Warsh: Policy turn could be aggressive
A shift in the Federal Reserve's accommodative monetary policy will likely come before it is clearly necessary based on economic data and could be rapid, a top Fed policymaker said on Friday.
Rossellini ponders how to make online video pay
MILAN (Reuters Life!) - The Internet is the future for experimental film-making, but the time has come to make online video art profitable, Isabella Rossellini says.
Wall St falls after data; RIM weighs on Nasdaq
U.S. stocks fell for a third straight session on Friday due to weaker-than-expected data on durable goods and home sales, while disappointing results from BlackBerry maker Research in Motion weighed on the Nasdaq.
Pay czar will not cap compensation, reveal names
President Barack Obama's pay czar said on Friday he will not cap compensation for the top employees at bailed-out companies, and will not reveal names, when he releases the first wave of decisions within a few weeks.
U.S. 'pay czar' will not cap compensation, reveal names
President Barack Obama's pay czar said on Friday he will not cap compensation for the top employees at bailed-out companies, and will not reveal names, when he releases the first wave of decisions within a few weeks.
U.S. banks report drop in 2nd-quarter trading revenue
U.S. commercial banks reported that trading revenue dropped dramatically during the second quarter to $5.2 billion, compared with record revenue of $9.8 billion in the prior quarter.
Western leaders warn Iran over nuclear site
U.S. President Barack Obama and the leaders of Britain and France accused Iran on Friday of building a secret nuclear fuel plant and threatened tough new sanctions unless Tehran comes clean about its nuclear program.
Unilever pays 1.3 billion euros for Sara Lee brands
Sara Lee Corp will sell its personal care brands like Sanex and Brylcreem for $1.87 billion (1.275 billion euros) to consumer goods giant Unilever and set a $1 billion share buyback plan, sending its stock up 6 percent.
Star to be born again; writer hired for remake
Warner Bros.' remake of A Star Is Born could be moving toward a due date.
Fame remake rides money-spinning musicals wave
A family-friendly remake of the 1980 movie Fame swings into theaters on Friday, riding a lucrative wave of song-and-dance shows on the big and small screen.
David Cronenberg to Fly again
David Cronenberg is again buzzing with The Fly.
Wright's Fallingwater house kicking off new program (Full info)
The Frank Lloyd Wright's Fallingwater house in Pennsylvania has kicked off a new program where visitors can spend a full day and two evenings at the masterpiece residence.
Oil rises above $66; Iran tension supports
Oil prices rose above $66 a barrel on Friday, supported by evidence of improving consumer sentiment and heightened tension around Iran's nuclear program.
New home sales rise 0.7 percent in August
Sales of newly built U.S. single-family homes rose to their highest level in nearly a year in August, according to government data on Friday that indicated the housing market was gradually recovering from a three-year slump.
One in five U.S. drivers admits to texting: survey
Nearly one out of five U.S. drivers surveyed has read or sent a text message while behind the wheel, even though nearly all of the respondents in an AAA survey released on Friday considered such action unacceptable.
Judge to lawyer: Dress well in court
If you plan to show up in court, it may be best to dress up for the occasion.
Man sues BofA for 1,784 billion, trillion dollars
Dalton Chiscolm is unhappy about Bank of America's customer service -- really, really unhappy.
Former Manson cult member Atkins dies in prison
Susan Atkins, one of the leading members of Charles Manson's notorious violent cult who carried out brutal murders at his behest in 1969, died in a California prison, her husband said on Friday. She was 61.
Susan Denise Atkins dies
Member of the Manson cult, Susan Atkins, died Thursday night at the Central California Women's facility at 61.
Citigroup is top Q3 govt-gtd bond underwriter
Thomson Reuters on Friday released the top government-guaranteed bond underwriters for the third quarter of 2009 as of Thursday, September 24.
NY Fed buys $1.97 bln agency debt maturing 2016-19
The New York Federal Reserve said on Friday it bought $1.970 billion of U.S. agency debt with maturities ranging from April 2016 to March 2019.
Mauritius' Ciel Textiles net profit slides 51 pct
Mauritius-based clothing group Ciel Textiles Limited FKL.MZ posted a 51.16 percent slump in full-year net profits on Friday that it blamed on a fall in demand and aggressive price cutting.
U.S. doubles early supply of swine flu vaccine
U.S. health officials said on Thursday more than 6 million doses of H1N1 swine flu vaccine will be available the first week of October, twice as many as they expected only a week ago.
U.S. Senate panel backs health insurance requirement
A U.S. Senate panel considering a sweeping healthcare overhaul upheld a requirement on Thursday that individuals purchase health insurance and rejected a proposal that could have scuttled an $80 billion White House deal with drugmakers.
Early form of breast cancer may need new name
A common, nonmalignant tumor of the breast called ductal carcinoma in-situ or DCIS may need a name change because the word carcinoma scares so many women, a U.S. panel of experts said on Thursday.