Oil giants Exxon Mobil and Royal Dutch Shell on Thursday added to the industry's worst midyear showing in years, stung by slumping global energy demand that threatens to further slow exploration and production.
President Barack Obama will award the Presidential Medal of Freedom to 16 people, including political ally Sen. Edward M. Kennedy, tennis legend Billie Jean King and Archbishop Desmond Tutu of South Africa.
After lowering the $4.2 million asking price of their Lake Bluff estate three times and by more than $1 million, Mike and Marti Palmer flirted with the idea of trading the still-unsold custom home for something smaller.
The British Broadcasting Corp. has resumed broadcasting from Zimbabwe for the first time since it was banned in 2001 and the five-month-old coalition government said it also was considering allowing CNN back.
Crisis? It would seem so. Despite spikes and blips, the Great Recession continues. Unemployment spirals, manufacturing craters, malevolent banksters still game the system and sundry companies seek new ways to squeeze blood from stones.
Cablevision Systems Corp. said Thursday that its board has approved a plan to spin off as a separate company its Madison Square Garden business, owner of the New York Knicks, Rangers and the famed sports arena where they play.