Hot Daily News Of Any Stories Around The World
The head of the Securities and Exchange Commission is appearing before Congress days after the passage of sweeping financial regulation that gives the agency new powers and a landmark settlement of civil fraud charges with Goldman Sachs & Co. SEC Chairman Mary Schapiro is telling House lawmakers at a hearing Tuesday that the agency has been revamping itself, strengthening enforcement efforts and taking … [Read more...]
Oil from BP's blown out well is again seeping into the Gulf of Mexico, but this time, more slowly and scientists aren't convinced the cap that stopped the flow last week is making things worse. The government said Monday that oil was seeping into the Gulf after days of warning that the experimental cap on the oil well could cause more leaks. Despite what at first seemed a setback, though, the … [Read more...]
World stock markets dropped Thursday after the Federal Reserve issued a weaker economic forecast for the U.S. and China posted slower growth, cooling investor sentiment. Oil prices fell below $77 a barrel amid mixed signals about U.S. crude demand. The yen strengthened against the dollar, while the euro rose slightly. Following big gains the previous day, indexes in Asia slipped into negative … [Read more...]
George Steinbrenner's impact on baseball went far beyond his New York Yankees. He showed all teams that spending lavishly on players — when done intelligently — was a way to produce winners, and even some of his rivals adopted that strategy. And he revolutionized the game with his decisions to start a television network and a catering company, and a huge equipment supply contract. "Regardless … [Read more...]
Oscar-winning Spanish film stars Penelope Cruz and Javier Bardem wed earlier this month at an intimate ceremony in the Bahamas. The couple "were married in the beginning of July at a friend's house in the Bahamas. It was a small ceremony with just family members. Penelope wore a dress designed by her longtime friend John Galliano," Amanda Silverman said. Cruz, 36, and Bardem, 41, met when they … [Read more...]
China's economic expansion eased to 10.3 percent in the second quarter and industrial production cooled more than forecast in June, signaling a deeper second- half slowdown that may add to risks for the global economy. The gain in gross domestic product was less than an 11.9 percent increase in January-March from a year earlier. Inflation cooled to 2.9 percent in June, the statistics bureau also … [Read more...]
Lindsay Lohan may soon be on her way to prison, but her legal woes are turning into her biggest payday in years. Bids for the troubled starlet's pre- and post-prison interview are now coming in at over $500,000. Major TV networks -- which technically don't pay for interviews but often get around that by paying for pictures -- are putting in bids by joining forces with weekly magazines to score the … [Read more...]
US police have said they are evaluating claims that Hollywood star Mel Gibson allegedly hit his ex-girlfriend. A recording, which a US website claims was Gibson on the phone to Oksana Grigorieva, has emerged. He is allegedly heard verbally abusing her. Los Angeles County Sheriff's Department spokesman Steve Whitmore said officers will "review" the recordings as part of an investigation. A … [Read more...]
European Union finance ministers are under pressure at Monday talks to fix a compromise with EU lawmakers over new financial oversight agencies due to be set up at the end of the year. Austrian Finance Minister Josef Proell told reporters "the decision time has come" despite some nations' reluctance to strike a deal on new European banking, insurance and market supervisors. The European Parliament … [Read more...]
The International Energy Agency said Tuesday that world petroleum demand will rise next year fueled by economic growth in developing countries, despite a drop in rich countries' appetite for oil. In its monthly report on the oil markets — and its first detailed assessment of the 2011 period — the Paris-based agency said global oil demand for next year should rise by a daily 1.3 million barrels … [Read more...]