A federal jury convicted Galleon Group founder Raj Rajaratnam on all 14 counts of securities fraud and conspiracy, providing the U.S. with a significant win in a push to prosecute insider trading on Wall Street and in corporate America.
A peaceful protest by tens of thousands of Greeks against austerity measures was marred by violence when hundreds of youths hurled water bottles, firecrackers and other objects at police who responded with tear gas and pepper spray.
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CME Group halted trading in crude oil, heating oil and gasoline futures for the first time in more than two years due to a trading limit, amid price volatility in the energy markets.
The energy sector pulled U.S. stocks lower, as crude-oil futures skidded more than 4% to below $100 a barrel. Investors also were disappointed by Walt Disney's first-quarter earnings.
German Chancellor Angela Merkel could support Italian central bank chief Mario Draghi as the next European Central Bank president, her spokesman said, confirming statements in an interview with a German newspaper.
HSBC unveiled plans to cut costs by $2.5 billion to $3.5 billion and will conduct a strategic review of its U.S. credit-card business as it laid out priorities designed to boost returns.
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The 300-million-share offering will raise less than $9 billion, based on current market prices, making it smaller than what the company and the Treasury had hoped to raise.
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The Bank of England raised its inflation forecast and indicated it will begin tightening monetary policy from the third quarter.
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The handful of investors who acquired a majority stake in Skype Global during the depths of the financial crisis stand to be handsomely rewarded.
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Obama is preparing a fresh outreach to the Muslim world, one that will ask those in the Middle East and beyond to reject Islamic militancy in the wake of Osama bin Laden's death and embrace a new era of relations with the U.S.
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The Trans Alaska Pipeline, which still delivers more than 11% of the oil produced in the U.S., is under threat as oil production along Alaska's northern edge dwindles.
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This property in Greve in Chianti dates back to the 13th century and includes a chapel.
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The commodities company is now seeking a lower valuation for its IPO, but the new price range may not represent a bargain, given its debt allocation.
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Obama tried a new tack on a tough domestic issue, saying that beefed-up security along the U.S.-Mexico border has proved effective enough to justify an overhaul of the immigration system.
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The former head of England's World Cup bid accused four members of FIFA of "improper and unethical" conduct in the bidding process to select the venues for the 2018 and 2022 FIFA World Cup tournaments.
Libyan security agents are confiscating money and belongings from African migrants to allow them on vessels sailing toward Italy, sometimes escorted by the Libyan navy.
The U.S. approved a Royal Dutch Shell plan to drill for oil deep under the Gulf of Mexico, the second deep-water exploration plan approved in the Gulf since the government lifted a moratorium on deep-water drilling last October.
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European shares finished generally higher, buoyed by upbeat results from luxury group Hermes International and Danish shipper A.P. Moller-Maersk.
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Russia has reopened a criminal investigation into a prominent blogger and anticorruption activist, amid rising signs of intrigue between Kremlin elites over presidential succession next year.
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Intel raised its quarterly dividend 16%, the second increase in the past six months.
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Long before papers found at Osama bin Laden's Pakistani hideout revealed a plot to attack U.S. railroads, security experts warned that the U.S.'s 140,000 miles of track presented an attractive—and difficult to protect—terror target.
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Can your windowsill or empty closet work as your personal homestead in the city? Eric Felten reviews "The City Homesteader: Self-Sufficiency on Any Square Footage."
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Why financial markets don't take euro-zone leaders at their word.
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Turkey's Prime Minister Recep Tayyip Erdogan announced plans to build two new earthquake resistant urban centers on the outskirts of Europe's biggest metropolis, Istanbul.
British Indian-born artist Anish Kapoor has dedicated his biggest-ever sculpture to Chinese dissident artist Ai Weiwei, who was detained by Chinese authorities last month.
In today's pictures, Ugandan protesters are sprayed with water, a man kisses the grave of a Libyan rebel fighter, an upstate New York man upsets mosque leaders and more.