A new set of rules will be put in place in July 1 by the Federal Reserve that will restrict banks from charging their customers overdraft fees or similar fees without getting permission first. Bank of America, however, offered a rather different twist for its depositors to abide the new rules: If there...

“The Hurt Locker” was given the highest honor in the recently commenced 82nd Academy Awards. The film’s director was also given the directing trophy for her work. This year’s Best Picture the number of nominees was expanded to ten which last happened in 1943. Among them, the Iraq War drama emerged...

The Icelandic people voted an overwhelmingly “No” to their country’s deal with Britain and the Netherlands to repay its debts. A new resolution has been proposed recently to Iceland by the other two European countries that improved the repayment terms compared to the one that has just been voted...

BREAKING NEWS… A devastating 8.8-magnitude earthquake has hit Chile very early in the morning. The capital was shaken for over a minute causing collapse in some buildings. As of 8 a.m. in Santiago (1100 GMT), 47 people have already been confirmed dead. Also, as of this time, more than 25 aftershocks...

Mortgage giant Fannie Mae is asking another $15 billion in aid from the government which would bring the amount to over $75 billion. Not only that, the company is expecting more losses this year. This new need from Fannie Mae along with its sister company Freddie Mac seem to have been the most expensive...

The president of Toyota Motor Corp. paid a visit to the company’s largest manufacturing plant in North America where he met with Secretary of Transportation Ray LaHood. Akio Toyoda promised LaHood that his company would be putting safety into the next level so that it would be able to regain from its...

A judge in Italy incriminated three top executives of Google after they were held accountable for the release of a video showing an autistic teenager being bullied. In the United States, reactions to the verdict were strong and almost unanimous calling the ruling as a threat to freedom on the Internet. Prosecutor...

Tiger Woods has ended months of silence with a 13-minute speech. The speech, however, was not able to answer questions that have been bugging the public since the incident in November 27. Dressed in a suit with an opened blue shirt inside, he spoke to a selected group of journalist in the headquarters...

Embattled golfer Tiger Woods will finally make a public comment on Friday – the first since the Thanksgiving car crash incident in November after which a sex scandal soon ensued. Woods is set to speak in front of select journalists with only one camera from the headquarters of the US PGA Tour  in...

After a massive recall by Toyota, Honda will follow suit as the company said it would recall 438,000 more cars around the globe to have the airbag deflator replaced as it could cause more injury on the driver during an accident. Honda had a separate recall a couple of weeks ago when a faulty window switch...