Russia raises key interest rate to 17%

by -NO AUTHOR- -- (BLOOMBERG) — Russia’s central bank raised its benchmark interest rate the most since the nation’s 1998 default, making the announcement in the middle of the night in Moscow more…

Student making $72 million 'fails smell test'

by -NO AUTHOR- -- (FINANCE.YAHOO) — Based on his press clippings 17-year-old high school senior Mohammed "Mo" Islam has already achieved a level of market mastery beyond most investor’s wildest dreams. The more…

Lower oil prices to mean cheaper airline seats?

by -NO AUTHOR- -- (FORTUNE) — According to Senator Chuck Schumer, you’re paying too much for your airplane ticket home this holiday season. The New York Democrat put out a statement this more…

Newtown families sue gun maker for massacre

by -NO AUTHOR- -- [ooyala code="M1N3Nhcjph1Xa7G0ZLrzSLzWY2viKA0j" player_id="29c9fd42b6564348812f1c7d4ff9252d"] (NBC NEWS) Ten families touched by the Newtown massacre filed a wrongful death lawsuit Monday against companies that made, distributed and sold the Bushmaster AR-15 more…

Salty food, belching cows win in final budget

by -NO AUTHOR- -- (NYTIMES) — WASHINGTON — Health insurance companies preserved their tax breaks. Farmers and ranchers were spared having to report on pollution from manure. Tourist destinations like Las Vegas more…

ACLU: Give us $1 million for killing marriage

by Drew Zahn -- First they successfully sued to overturn a voter-passed, state constitutional amendment securing marriage as between one man and one woman. Now they want Wisconsin's voters to pay them more…