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S&P downgrades another five catastrophe bonds

NEW YORK, July 29 (Reuters) - Ratings agency Standard &Poor's downgraded five catastrophe bonds on Friday, a consequence of changes that catastrophe modeling company RMS [More]

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Bloomberg, Saudi Prince To Launch News Channel

Financial media giant Bloomberg is reportedly in talks with Prince Alwaleed bin Talal al-Saud of Saudi Arabia to launch a new Arabic-language business news channel--a move which could both shake up foreign media and cause massive headaches for Rupert Murdoch. Al Jazeera might have some new competition. Financial media giant Bloomberg is reportedly in talks with Prince Alwaleed bin Talal al-Saud of Saudi Arabia to launch a new Arabic-language business news channel--a move which could shake up foreign media and cause massive headaches for Rupert Murdoch

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Space Station Puts Out Welcome Mat for Private Spaceships

MOFFETT FIELD, Calif. -- Despite the grounding of NASA's storied space shuttle fleet, American spaceships are expected to make three trips to the International Space Station in the coming months

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Rev up your next car rental

If the prospect of renting yet another Chevy Aveo or Ford Fusion leaves you yawning, consider this a wake-up call: Rental car companies are expanding their fleets of high-performance and exotic automobiles.

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Video: Tylenol’s recommended dosage lowered

Pharmaceutical giant Johnson & Johnson is cutting the recommended maximum amount of Tylenol Extra Strength because of health risks associated with excessive acetaminophen. Jeff Glor reports.

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‘Stayover relationships’ redefine young commitment

If you’re concerned about wasting money because you and your mate spend almost every night together but maintain your own homes, don’t sweat it. You’re simply engaging in America’s “stayover relationship” trend.

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Video: Dr. Ashton answers viewer health questions

CBS News medical correspondent Dr. Jennifer Ashton answers viewer health questions on issues like high blood pressure, hydrating in the heat, lyme disease and food allergies.

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Blogs: face the conversation

The 20th century was highly unusual when it comes to the media and to the way people receive and exchange information. [More]

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Japan vows to skirt nuclear shutdown, watchdog embarassed

By Shinichi Saoshiro and Yoko Kubota TOKYO (Reuters) - Japan will strive to avoid a complete shutdown of its 54 nuclear reactors and avert crippling power shortages in the near term while charting plans to reduce the nation's dependence on nuclear power, the government said on Friday.

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