Feds charge former hedge fund manager in big insider-trading case

WASHINGTON -- Federal prosecutors on Tuesday charged a former hedge fund portfolio manager with securities fraud in connection...

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Interpublic exits Facebook

(Reuters) – Interpublic Group of Cos said it sold its remaining investment in Facebook Inc for $ 95 million in cash.Interpublic said it expects to record a pre-tax gain of $ 94 million. It had recorded a pre-tax gain of $ 132.2 million for the third quarter of last year from the sale of half of its 0.4 percent stake in Facebook. Interpublic...

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Elmo actor Kevin Clash resigns amid sex allegation

NEW YORK (AP) — Elmo puppeteer Kevin Clash has resigned from "Sesame Street" in the wake of an allegation that he had sex with an underage youth.In its statement Tuesday, Sesame Workshop said "the controversy surrounding Kevin's personal life has become a distraction that none of us want," leading Clash to conclude "that he can no longer be effective in his job.""This is a sad day for Sesame Street,"...

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Responding to Illnesses Manifesting Amid Recovery From Storm

Nicole Bengiveno/The New York TimesDr. Aaron Gardener, center, attended to a patient at an ad hoc medical unit in Long Beach, N.Y. Many people have coughs, rashes and other ailments. Day and night, victims of Hurricane Sandy have been streaming into ad hoc emergency rooms and relief centers, like the MASH-type medical unit on an athletic field in Long Beach, and the warming tent in the Rockaways the...

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HP reports massive $8.8-billion charge; shares plummet

Hewlett-Packard Co. reported a hefty $8.8-billion charge in its fourth quarter, largely due to serious accounting problems stemming...

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Existing-home sales and builder confidence rise

WASHINGTON -- The housing market recovery showed signs it is continuing to strengthen as sales of existing homes increased 2.1%...

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Justin Bieber gets love at American Music Awards

Justin Bieber may be Canadian, but he was the all-American boy at Sunday night's American Music Awards.The pop singer dominated the awards show, winning three trophies, including artist of the year. His mom joined him onstage as he collected the award, beating out Rihanna, Maroon 5, Katy Perry and Drake."I wanted to thank you for always believing in me," Bieber said, looking to his mom.The 18-year-old...

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Teenage Boys, Worried About Body Image, Take Health Risks

Béatrice de Géa for The New York TimesDavid Abusheikh at a gym in Brooklyn. He goes six days a week and says he uses protein supplements to help build muscle. It is not just girls these days who are consumed by an unattainable body image. Take David Abusheikh. At age 15, he started lifting weights for two hours a day, six days a week. Now that he is a senior at Fort Hamilton High School in...

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$26 billion in aid given under mortgage settlement, banks say

WASHINGTON -- The country's largest mortgage servicers said they had provided $26.1 billion in relief to struggling homeowners...

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A young shooting victim wrestles with his fears

After the nightmares started, Davien Graham avoided his bicycle.In his dreams, he pedaled his silver BMX bike through his neighborhood,...

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