U.S. seeks delay on calculating Madoff restitution
Investigators of Bernard Madoff's global swindle want more time to calculate the amount of money lost and the number of investors defrauded as they seek to determine restitution, but see no need to delay his June 29 sentencing, U.S. prosecutors said in court papers.
Inflation sparks glowing on the horizon
U.S. Federal Reserve Chairman Ben Bernanke must find a convincing way to explain why his central bank is in no hurry to raise interest rates even though the economy is stabilizing.
Icahn, others lose Steel Partners challenge
Activist investor Warren Lichtenstein got court approval on Friday to move forward with his controversial plan to convert hard-hit hedge fund Steel Partners II into a listed investment company.
U.S. trade freeze could be slowly thawing
After months of little U.S. action on trade, there are signs the issue could become more important for President Barack Obama, who heads to Italy in early July to meet with major trading partners.
Two more directors leave Bank of America board
The Bank of America Corp. board has lost two more directors; this time Gen. Tommy Franks and Adm. Joseph Preuher were the ones to hand in resignation letters.
Air France plane crash: Bodies of 11 victims identified
Brazilian officials confirmed Sunday that 11 bodies have been identified; the names have not yet been released according to reports from Folha de S. Paulo .
Alleged Craigslist killer indicted
Former Boston University medical student and alleged Craigslist killer was indicted by prosecutors on Sunday.
Soros says worst of global crisis is behind us
The worst of the global economic crisis is over, multi-billionaire financier George Soros told Polish news channel TVN24 on Sunday urging the creation of international regulations to oversee global markets.
What might happen next in Iran?
Iran's presidential election, in which hardline Mahmoud Ahmadinejad was adjudged the winner over his moderate rival, Mirhossein Mousavi, has led to the broadest internal unrest since the 1979 Islamic revolution.
Iran expels BBC correspondent: official
Iran has decided to expel the BBC's correspondent in Tehran over the broadcaster's coverage of this month's election, an Iranian official said on Sunday, and a semi-official news agency said Jon Leyne had 24 hours to leave.
Iran tensions add to global risk: ECB's Trichet
Tensions in Iran have added to risks facing the world economy and underline the need for strengthening the global financial system, European Central Bank President Jean-Claude Trichet said on Sunday.
Iran blames terrorists for clashes
Iranian authorities on Sunday blamed terrorists for clashes in which at least 10 people were killed and President Mahmoud Ahmadinejad told the West to stay out of unrest sparked by his disputed re-election.
ECB's Trichet says no room for more debt
There is no room for governments that have borrowed billions to fight the economic crisis to accumulate more debt, European Central Bank President Jean-Claude Trichet said on Sunday.
Variable iTunes pricing a moneymaker for artists
In April, soon after Apple gave labels the ability to set different prices for their songs on iTunes, every track on Pink Floyd's Dark Side of the Moon was raised to $1.29.
Singapore says would act if North Korea ship has WMD
Singapore will take action against a North Korean ship that the United States is monitoring, if the vessel heads to its port with a cargo of weapons, the government said on Saturday.
Mousavi calls for purge of lies
Opposition leader Mirhossein Mousavi said the Islamic Republic must be purged of what he called lies and dishonesty, sending out a direct challenge to conservative rulers after a day of unrest across Tehran.
Stanford indicted in massive U.S. fraud case
Texas billionaire Allen Stanford, three associates and a top Caribbean regulator were indicted on fraud, conspiracy and obstruction charges in an elaborate $7 billion pyramid scheme to bilk investors, U.S. Justice Department officials said on Friday.
U.S. on Iran: Gov't must stop violence against protesters
U.S. President Barack Obama called the Iranian government on Saturday to stop all violent and unjust actions against its own people, according to a post on the White House's website.
Scientists detect mutated Swine Flu
Scientists in Brazil has identified the first genetic variant of the novel influenza A (H1N1) from a patient who was hospitalized in Sao Paulo in, according to Medical News Today’s report on June 17.
Jon Gosselin sought one bedroom apt. in Manhattan: report
TV star Jon Gosselin from TLC's Jon & Kate Plus 8 had reportedly been looking for an apartment in New York City on Friday, adding to speculation that he and wife and co-star Kate will divorce.
Schwarzenegger’s ‘Ok’ after jet makes emergency landing
As if California’s budget and drought problems weren’t enough to deal with this week, Gov. Arnold Schwarzenegger’s jet had to make an emergency landing on Friday.
Nissan to produce electric vehicles and its batteries in the U.S. : report
Nissan Motor Co. plans to invest up to $1 billion to produce electric vehicles in a plant in Smyrna, Tennessee to tap U.S. government funds for green vehicles, the Nikkei business daily reported on Friday.
Joe Jonas confirms brother Nick and Miley Cyrus are back together
'I don't think anybody is as famous as Miley Cyrus,' Joe tells Larry King after the talk-show host asked if his girlfriend were as high-profile as Nick's.
Hollywood studio Paramount axes top executives
Hollywood studio Paramount Pictures, which suffered the first big bomb of the summer last weekend with an Eddie Murphy comedy, has fired its top production executive after barely 18 months in the job.
Rockford train derailment, ethanol explosion kills 1; still burning the day after
Train cars containing thousands of gallons of ethanol exploded on Friday night in Rockford, Illinois killing one person and injuring nine other.
Citi’s top Asia exec Banga joins Mastercard as COO
Citigroup’s top Asia executive, Ajay Banga, is joining credit card network MasterCard, becoming the firm’s President and Chief Operating Officer.
Kevin O'Neill hired by USC as new basketball coach
Kevin O’Neill, the former Arizona interim coach replaces Tim Floyd as the USC's basketball coach, the school announced today on its website.
Jobless pain continues in most states in May
Signs unemployment pains may be easing in individual U.S. states in April disappeared by May, when jobless rates jumped in 48 states and the District of Columbia, according to data released on Friday.
Hummer and China’s Tengzhong a good fit: GM
Negotiations are under way between General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery over the proposed purchase of Hummer, and the deal is a perfect fit according to GM’s CEO Jim Taylor.
Ryan Seacrest pitches reality show to Lindsay Lohan
Actress Lindsay Lohan, who has been in the spotlight in recent years for personal troubles, may soon get a chance to bring that experience to a reality show.
