World News Center

U.S. losing competitive edge

September 10, 2010

The United States continues to lose its edge in international competitiveness, according to a report released Thursday by the World Economic Forum.

U.K. fines Goldman $27 million in 'Fab' case

September 10, 2010

Britain's Financial Services Authority said Thursday it has fined Goldman Sachs International nearly $27 million for not disclosing its investigation by the U.S. Securities and Exchange Commission.

Chinese tycoons snub Buffett and Gates

September 10, 2010

In the world of business, who in their right mind would turn down the opportunity to dine with Bill Gates and Warren Buffett? Chinese tycoons, apparently.

Why the Gates Foundation aims to knock out polio

September 10, 2010

Jeff Raikes worked with Bill Gates at Microsoft, most recently as president of the business division, for almost 29 years before joining the Bill & Melinda Gates Foundation as CEO in 2008. The last two years, he's worked building relationships with partners of the $33 billion foundation.

What peak oil? Why an oil glut is ahead

September 10, 2010

In May, less than a month after the blowout of the Deepwater Horizon oil rig in the Gulf of Mexico, a key milestone was achieved with little notice: Total U.S. supplies of petroleum and products refined from it (including the Strategic Petroleum Reserve) surpassed 1.8 billion barrels, reaching the highest level in the last 20 years. Since then the total has continued to edge upward, hitting 1.87 billion barrels in the week ended August 27, according to the Energy Information Administration.

Bank bailout fears batter Ireland

September 10, 2010

The cost of a giant bank bailout is pushing Ireland perilously close to sovereign debt crisis territory.

Soros gives $100 million to human rights group

September 10, 2010

Billionaire investor George Soros will donate $100 million to Human Rights Watch, the organization announced Tuesday.

Kia in management shakeup after recall

September 10, 2010

South Korean automaker Kia Motors, on the heels of a global recall of more than 100,000 vehicles, said Tuesday it has named a new vice chairman to replace Chung Sung-eun, who had resigned.

World markets rally, Nikkei gains 2%

September 10, 2010

World markets rallied Monday, with Asian stocks logging their fourth straight session of gains.

Ferrari recalls $225,000 458 Italia supercar

September 10, 2010

Ferrari is recalling its new 458 Italia model after several vehicles were reported to have burst into flames.

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