All Latest News Wires
-
Cyprus gets bailout, averts collapse. Big depositors lose.
Cyprus gets $13 billion rescue in return for downsizing its financial sector, budget, and government. Depositors with more than 100,000 euros to take big losses. Austerity expected to hit residents hard.
-
Cyprus: a bank levy after all?
Racing to secure bailout, Cyprus agrees to a bank levy that's different than the one its legislature defeated in the legislature. This bank levy would take 20 percent from accounts over 100,000 € at its No. 1 lender, but the deal hasn't been finalized with European Union.
-
IRS: warp speed apology for bad 'Star Trek' parody (+video)
IRS training film – a 'Star Trek' parody from 2010 – gets blasted by House committee Friday. IRS quickly admits mistake, saying Star Trek parody wasn't 'best stewardship of resources.'
-
Stocks rise on strong company earnings
Stocks closed up on Wall Street Friday as Nike and other major companies issued strong earnings reports. Investors took advantage of the market's down week and ramped up their buying of stocks.
-
MPAA: Global ticket sales soar thanks to Asian moviegoers
MPAA, the Motion Picture Association of America, reported a record $34.7 billion in global ticket sales in 2012, thanks in part to the growing popularity of movies in Asia. The MPAA said the Asian box office grew 15 percent last year.
-
New Pepsi bottle: Will the blocky shape bolster sales?
The new Pepsi bottle is part of PepsiCo's rebranding efforts, which include buying Super Bowl rights and partnering with Beyonce. The bottle hasn't changed in 17 years.
-
Stocks fall on weak Oracle sales, Cyprus fears
Stocks closed lower on Wall Street Thursday after Oracle's weak sales results weighed down big US technology stocks. Traders are also worried about Cyprus running out of time to avoid bankruptcy.
-
$860M overcharge: Ohio employers win lawsuit
$860 million in overcharges are owed to some 270,000 Ohio businesses. Judge rules that state workers' compensation fund ran up $860 million in overcharges over a decade.
-
Federal Reserve stays the course boosting Asian stocks
On Wednesday, Federal Reserve Chairman Ben Bernanke said the U.S. central bank will continue to buy bonds, easing borrowing rates. The Fed is awaiting further employment gains before it plans to change its policy.
-
Stocks spike as Fed stands by stimulus
Stocks traded steadily higher for most of Wednesday and spiked after the Federal Reserve said it will continue with aggressive measures to boost the economy. Earlier in the week, stocks dipped on fears of a revived debt crisis in Europe.
-
Carnival cruises canceled. Ship out of service until June. (+video)
Carnival cruises canceled after the line announced that a crippled ship would be out of service until June, delaying 10 voyages. The Carnival cruises were canceled after an engine fire on the Triumph left 4,200 passengers stranded for five days.
-
$3 bowl worth $2 million? Tag sale find goes for $2.225 million
A $3 bowl just sold for $2.225 million at Sotheby's in New York. The last time it changed hands, this 1,000-year-old Chinese bowl was sold at a tag sale for $3.
-
Stocks wobble on Cyprus bailout vote
Stocks were mixed Tuesday after lawmakers in Cyprus rejected the terms of a highly unpopular bailout plan that would have called for raiding the bank accounts of ordinary Cypriots. The euro zone's debt crisis has shown it still has the power to impact stocks worldwide.
-
Citigroup to pay $730 million to settle investor lawsuit
Citigroup has agreed to pay $730 million to settle a class-action lawsuit that claimed investors were misled by the bank. Citigroup denied the allegations but a agreed to pay the $730 million settlement so it could get rid of further expenses and uncertainties that come along with drawn out litigation.
-
Yoga pants recall hits Lululemon stores (+video)
Yoga pants recall involves the Lululemon fitness brand's popular black yoga pants, which were found to be too revealing. The company blamed a 'major quality control problem' for the yoga pants recall.
-
Stocks fall on Cyprus bailout plan (+video)
Stocks fell Monday as investors worried that a proposal to seize money from depositors in Cyprus could set off another bout of anxiety over the Euro. European stocks recovered most of an early slide and closed with modest losses.
-
Tiny Cyprus could have a big market impact
How Cyprus digs out of its fiscal hole – and how willing the European Union is to help – could set precedents for bailouts of other, larger nations. But traders don't expect its proposed tax on bank deposits to spread to other nations.
-
23 years after $500 million art heist, a breakthrough
FBI says it knows who pulled off the 1990 art heist at Boston's Isabella Steward Gardner Museum. The stolen Rembrandt, Manet, and other art works were taken to Connecticut and Philadelphia after the heist.
-
Girl Scouts hoax rallies town to buy pranked troops' cookies (+video)
Girl Scouts hoax left a Portland troop with 6,000 extra boxes of cookies, the result of an Internet prank order. But the community rallied to buy the cookeis and help the troop recover from the Girl Scouts hoax.
-
$7 billion swindle. Victims unite to get a little back.
$7 billion swindle by R. Allen Stanford has some $300 million left to compensate its victims. This week they agreed to stop battling each other and work together, although they may get back only 1 percent of the $7 billion swindle.
Previous
Become part of the Monitor community