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Pension Funds, Investors Urge Action on Deficit

Some of the largest pension funds and investment firms have urged President Barack Obama and Congress to resolve the deficit impasse and avoid inflicting "pain and hardship" on the nation.

The Rules of Smurfdom -- and How I Made Sure the Movie Adheres to Them

The Smurfs will return to the U.S. in a big way with the premiere of their namesake movie on July 29.

Katzenberg says "Panda" box office "heartbreaking"

After being mired in a stock slump in recent months, DreamWorks Animation announced a stronger than expected second quarter.

How to play it: Swiss francs, gold thrive in debt crisis

It's not too late to find investor-friendly exchange-traded funds specializing in safe-haven currencies and precious metals, experts say, though the August 2 deadline for raising the U.S. debt ceiling is days away. For more intrepid individuals, there are even some tech ETFs that seem to be holding their own.

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Number of Kenyans in need of food aid to jump: UN

The number of Kenyans who will need food aid due to drought will rise to 3.5 million by September, the United Nations said on Tuesday, while European officials warned such crises would flare up again unless more money was directed at prevention efforts.

Soros Fund Management Chairman, Soros, attends a session at the World Economic Forum in Davos

Soros to return outsiders' hedge fund money

Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself and his family as new regulations threaten to crimp the hedge fund industry he made famous.

Ford's Near-Term Future Riding on UAW Talks

Ford's near-term success is riding on getting a new UAW contract that controls labor costs for the next four years. If Ford is successful, the company's costs paid for debt will improve with a credit rating upgrade.

A sign of Swiss bank Credit Suisse is pictured outside its U.S. headquarters in New York City

Swiss Banks Planning Mass Layoffs to Cut Costs

Swiss banking giant Credit Suisse may slash up to 2,000 jobs to reduce costs, according to a Swiss newspaper.

Europe's "Marshall Plan" for Greece May Disappoint

Europe is promising to help kick-start economic growth in Greece as a way of dragging the country out of its debt crisis, but the scheme looks likely to move too slowly to have much impact in the next couple of years.

California Governor Edmund G. "Jerry" Brown

California Gov. Brown Signs Private Scholarship Part of DREAM Act

California Gov. Jerry Brown signed a law on Monday that gives undocumented students attending California universities greater access to privately funded scholarships.

Futures edge up on Ford results, eyes on debt talks

Stock index futures edged higher on Tuesday after earnings from blue chips like Ford extended optimism about a strong earnings season but the debt ceiling stalemate kept investors nervous.

Futures edge up Ford results, eyes on debt talks

Stock index futures edged higher on Tuesday after earnings from blue chips like Ford extended optimism about a strong earnings season but the debt ceiling stalemate kept investors nervous.

Nissan says aims to nearly double China sales by 2015

Nissan Motor , the largest Asian automaker in China, plans to nearly double its annual sales in the country to 2.3 million vehicles by the end of 2015, the company said on Tuesday, as it accelerates its expansion in the world's largest auto market.

Obama: 'Balanced Approach' Is Best Debt Deal

President Barack Obama, in an address to the nation Monday night, reiterated the need for a "balanced approach" to deficit reduction -- one that includes both substantial budget cuts and revenue increases, and he warned that if the debt ceiling is not raised, it would trigger a "deep economic crisis."

As US lawmakers fiddle, investors primed to profit

U.S. money managers sitting on piles of cash are sniffing out opportunities to make a killing on the political circus in Washington over raising the nation's debt ceiling.

Traders work on the floor of the New York Stock Exchange

Futures slump as debt talks result in no deal

U.S. stock index futures fell sharply on Sunday as failure so far by the government to strike a deal on the debt ceiling made the prospect of default -- once considered an impossible outcome -- more likely.

AC Milan's Gattuso argues with Tottenham Hotspur's first team coach Jordan next to manager Redknapp during their Champions League soccer match in Milan.

Soccer Team AC Milan Is Not for Sale, Officials Say

Despite his financial woes, Berlusconi says that AC Milan is not on the sales block.

Assuming a U.S. Default, Where Should You Put Your Money?

For most Americans, talk of a U.S. Government default is a little complex. What the American people really want to know is, assuming the U.S.Government defaults, where should one consider putting a portion of their money? Glad you asked.

Stocks Fall, from Debt Ceiling Stalemate

Stocks tumbled on Monday as political brinkmanship in Washington over the debt ceiling sparked fears of a U.S. rating downgrade, sending world equities lower and pushing gold to a record high.

Airbnb Users Beware: 5 Reasons to Fear Using the Online Room Rental Service

Room rental service Airbnb recently received a 112 million dollar investment, allegedly earning the company a $1 billion valuation. IBTimes takes a look at the five biggest reasons to be weary of using Airbnb.

Airbnb Travel Startup Poised for Expansion after $112M Investment

Apartment-sharing startup Airbnb has secured $112 million in financing, allowing the online travel company to reach new markets and grow globally.

Not Surprised by Pullback in Core Laboratories Stock After Q2: Analyst

Given the very bullish sentiment heading into earnings, FBR Capital Markets said it is not surprised by the pullback in shares of Core Laboratories N.V. (NYSE: CLB) following the company's second quarter earnings release.

Grains Week Ahead-Is weather rally over or just pausing?

Scorching heat across the U.S. Midwest has almost certainly cut corn yields, and it appears that the grain futures market has largely factored this into prices.