Oil prices hit a fresh six-month high, buoyed by falling US stockpiles, amid signs the US economy is not shrinking as fast as people thought. US light crude for July delivery climbed $1.23 to close Friday trading at $66.31 a barrel. A Commerce Department report on first quarter GDP showed a 5.7% contraction – revised [...]
America’s largest automaker is on the verge of declaring bankruptcy. General Motors is expected to make the announcement Monday before U.S. financial markets open. The move will clear the way for GM to reorganize, shed assets, and clear away debt. White House officials say GM will file for bankruptcy protection Monday in federal court. The [...]
Manchester United’s attempt to make history and become the first club to defend the Champions League ended in failure against Barcelona in Rome’s Stadio Olimpico. Manager Sir Alex Ferguson’s hopes of repeating last year’s triumph against Chelsea barely got off the ground as they ended well beaten by a Barcelona side inspired by the genius [...]
Even before the official kickoff of the seventh annual annual “D: All Things Digital” conference, Facebook was making waves at the event: Hours after the company announced a $200 million cash infusion from Digital Sky Technologies that values the social media site at $10 billion, Digital Sky partner Alexander Tamas was making the rounds at [...]
Although we like to think that the people in our lives are well-adjusted, happy, healthy minded individuals, we sometimes realize that it just isn’t so. Personally, I’ve had moments where I’ll be skipping through my day, happy as can be, thinking life is grand and BAM, I’ll be blindsided by someone who manages to knock [...]
Canadian Auto Workers members voted 86 percent in favor of a cost-cutting deal with General Motors Canada as the automaker bids to qualify for more government loans and assure its future in Canada. Union leader Ken Lewenza said his members had no choice but to vote for the deal. “They understand the crisis in the [...]
Boxer Mike Tyson’s 4-year-old daughter is on life support after she was found with her neck caught in a cord of a treadmill machine Monday, police said. Exodus Tyson’s 7-year-old brother found her on a treadmill with her neck in the cord that dangles from the console of the exercise machine at their Phoenix home, [...]
Status Quo, Tom Jones, Franz Ferdinand and Spinal Tap are among the diverse acts revealed in the final line-up for this year’s Glastonbury Festival. They will join previously announced headliners Blur, Bruce Springsteen and Neil Young at the Somerset event. Abba tribute band Bjorn Again, Dizzee Rascal, Lily Allen, Jarvis Cocker and Madness will also [...]
South Korea – North Korea claimed it carried out a powerful underground nuclear test Monday — much larger than one conducted in 2006 — a major provocation in the escalating international standoff over its rogue nuclear and missile programs. The regime “successfully conducted one more underground nuclear test on May 25 as part of measures [...]
South Korea says it wants a strong U.N. Security Council response to North Korea’s latest nuclear test, which the United States has characterized as a direct and reckless challenge to the international community. Meantime, President Barack Obama has condemned North Korea’s nuclear test, saying the international community must stand up to North Korea on the [...]
