Irene is bearing down on North Carolina early Saturday, preparing to make landfall. In New York, residents and officials continue preparation with evacuations and closings.
Wall Street was on track to end the week higher on Friday after four weeks of losses, as a speech by Federal Reserve Chairman Ben Bernanke raised hope the Fed could consider further stimulus measures for the economy at an extended policy meeting in September.
Hurricane Irene is bearing down on the U.S. East Coast Friday, nearing North Carolina and forcing evacuations and planned closings of pubilc transportation in New York as the I-95 corridor prepares and gets ready to hunker down for the massive storm. The Category 2 storm is packing maximum sustained winds of 100 miles per hour, moving north at 14 miles per hour. Already, forecasters and officials are suggesting Hurricne Irene is the storm of a lifetime, with potential to inflict a wide path of d...
The U.S. economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed on Friday, although consumer spending was revised up.
The economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed on Friday, although consumer spending was revised up.
Spot gold lost 0.4 percent Friday, on course for its first weekly drop after seven straight weeks of gains, as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke later in the day.
Rihanna may like to sing about sex and she may like to wear sexy costumes on stage, but the S&M singer says there is no videotape of her having sex with rapper J. Cole.
Apple Inc fans paid tribute to Steve Jobs on Wednesday, but expressed mostly sadness at his resignation as CEO and aired their fears for the health of the technology giant's guiding visionary.
Beverage firms led Europe's top shares lower Wednesday, as mixed corporate results and cooling hopes over the prospect of further economic stimulus in the U.S. saw the recent rebound lose steam.
New U.S. single-family home sales fell more than expected in July to hit a five month low.
S&P couldn't take back its U.S. debt rating downgrade that rocked global financial markets. Once it was done, it was done. But now we know the agency embroiled in controversy for two weeks since its Aug. 5 downgrade was met with corporate regret. The ratings agency said Tuesday that Deven Sharma, S&P's president since 2007, will sept down. He will be succeeded on Sept. 12 by Citibank Chief Operating Officer Douglas Peterson. The move caps two weeks of controversy that has embroiled the com...
Deven Sharma will step down as president of ratings agency Standard & Poor's to work on the company's strategic portfolio review before leaving the company at the end of the year.
The president of Standard & Poor's, Deven Sharma, is stepping down, just a few weeks after the ratings firm issued a controversial downgrade of U.S. government debt, the Financial Times reported.
The German State of Schleswig-Holstein has imposed a ban on clicking the Facebook “Like” button and has said state institutions should remove it from their Web sites or face a fine.
Billionaire Edgar Bronfman Jr is stepping down as chief executive of Warner Music Group Corp, the world's third-largest music company, just two months after the company was bought by Len Blavatnik's Access Industries.
Asian stocks extended losses Friday, with South Korea's benchmark shedding 5 percent on growing fears the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.
Rising fears of another recession hammered U.S. stocks on Thursday, sending major averages sharply lower in a return to the extreme fluctuations investors endured a week ago.
Mid- and small-capitalization stocks sank for a third straight day on Thursday in a wide selloff on continued fears about the global economy's growth prospects.
Wall Street sank in volatile trading on Thursday, with the S&P 500 down more than 4 percent as weak U.S. economic data pressured markets already beaten down by renewed fears about the health of European banks.
The California Supreme Court declined on Wednesday to review the 2009 murder conviction of music producer Phil Spector, turning down an appeal that had been filed by his attorneys.
President Barack Obama on Thursday for the first time called on Syrian President Bashar al-Assad to step down after a brutal crackdown by Syrian forces on demonstrations against the Assad family's 41-year reign.
Anna Hazare's followers see a triumph in their battle against corruption.
