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Latest Top Story news and updates

Money Matters - Simplified

Top Story

Ryan Reynolds lands role in 'Green Lantern'

Los Angeles, July 12: After a flurry of rumors and speculation, Ryan Reynolds has won a three way race to play the coveted role in "Green Lantern," the Warner Bros. live-action movie based on the DC Comics hero.

Crude oil prices head lower

New York -- Crude oil prices fell to nearly $59 per barrel on the New York Mercantile Exchange Monday as a slide in prices headed into its fifth week.

Crude oil prices lost 61 cents from Friday, dropping to $59.28 per barrel.

Heating oil prices lost 0.026 cents to $1.5075 per gallon. Reformulated blendstock gasoline lost 0.0155 cents to $1.635 per gallon. Natural gas prices dropped 0.118 cents to $3.255 per million British thermal units.

At the pump, the average price for a gallon of regular unleaded gasoline was $2.529 Monday, down from Sunday's $2.537 a gallon, AAA said.

Copyright 2009 by United Press International.

Goldman Sachs leads bank rebound

New York -- Second quarter success at New York bank Goldman Sachs may prompt other institutions to ramp up their tolerance for risk-taking, an industry analyst said.

Richard Bookstaber, author of "A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation," told The New York Times Monday that "someone takes risks and makes money -- maybe they were smart, maybe they were lucky. But then everyone else feels like they need to take the same risks."

Analysts said risk-taking may have paid off for Goldman Sachs, which returned its portion of government bailout funds last month.

'Idol' host Ryan Seacrest signs record deal, triples his salary

Los Angeles, July 13:“American Idol” host Ryan Seacrest has signed a new contract extension, which earns him a huge raise and secures his availability as host of the popular talent show through 2012, according to 19 Entertainment, co-producer of the show.

UBS, US to seek out-of-court settlement

New York, July 13: The U.S. government and Swiss banking giant UBS jointly agreed Sunday to postpone the hearing scheduled for Monday in Miami.

Comedian Artie Lange charged with DUI after a car accident

California, July 13: Actor/comedian Artie Lange has been charged with driving under the influence of an intoxicant and careless driving after being involved in a car accident in central New Jersey on Friday, according to a report from The Associated Press.

Brangilna's twins turn one

Los Angeles, July 13: The youngest of Brad Pitt’s and Angelina Jolie’s six children, Knox Leon and Vivienne Marcheline, turn one today.

Philips registers higher earnings for 2nd quarter

Amsterdam, July 13: Royal Philips Electronics, largest maker of consumer electronics in Europe, reported second quarter earnings before interest, taxes and amortization (EBITA) of 118 million euros and sales of 5.2 billion euros.

Gerard Kleisterlee, president and chief executive officer of Royal Philips Electronics stated, "In line with earlier guidance, we did not see a material improvement in consumer or professional markets in the past three months.

"However, while the pressure on our top line persisted, we are reporting a positive net income and improved underlying profitability over the quarter.”

Though the company has witnessed fall in sales due to the weak economy, yet it has managed to improve its EBITA in all business sectors as compared to first quarter results.

Kirin and Suntory in merger talks

Tokyo, July 13: The leading Japanese beverage giants Kirin Holdings and Suntory Holdings are considering combining their operations, a merger that would create one of the world’s largest beverage makers, local media reported Monday.

Wedding Bells for 'Step Up' stars Channing Tatum & Jenna Dewan

California, July 13: Channing Tatum and Jenna Dewan, the stars of 2006 dance/romance film “Step Up” wed in Malibu on Saturday, according to several tabloid reports.