Facebook's chief operating officer was in New York on Monday working to bolster investor confidence with assurances that the social network was intent on making money.
The state of New York filed suit against JPMorgan Chase and its subsidiary JPMorgan Securities Monday over the allegedly fraudulent sales of mortgage-backed securities ahead of the US financial crisis.
A pleasure boat on a trip to watch National Day fireworks collided with a ferry and sank off Hong Kong, leaving 36 people dead and sparking a frantic overnight rescue effort.
Australia's Great Barrier Reef has lost more than half its coral cover in the past 27 years due to storms, poisonous starfish and bleaching linked to climate change.
Kazakhstan’s Armed Forces are selecting only the most physically and mentally fit young men, preferably with higher education and professional skills, in an attempt to boost the Army's image.
Swiss mining group Xstrata and commodities giant Glencore said on Monday they had agreed on new terms for their tie-up to create a massive company worth about 70 billion euros ($90 billion).
Arnold Schwarzenegger says he still hopes to salvage his marriage despite admitting multiple affairs, including one in which fathered a child with the family housekeeper.
A team of New Zealand scientists claimed to be a step closer to producing allergy-free milk Tuesday, using a genetically-modified cow for their medical breakthrough.