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Wall Street had its best finish since November 2008 after a four day rally with the stock market’s indexes seeing their best weekly gain in nearly five months. The major indicators in the NYSE had a gain of around 10 percent. This was mainly due to bank shares bouncing and alleviating fears about the economy. The Dow Jones industrial average (INDU) finished on 7223.98, an increase of 54 points from March 12 2009. The S&P 500 Index finished at 756.55 a 6 point gain and the NASDAQ composite had a 5.40 point gain as well to end the day at 1431.5

The administration of United States President Barack Obama issued a court order Friday dropping "enemy combatant" as a term to describe those held in the U.S. military prison in Guantánamo Bay. The move is a symbolic gesture that has been widely seen as a break from the administration of former President George W. Bush, which made the term an important aspect of his legal construct for dealing with terrorism suspects. The United States Department of Justice filed the order in response to a federal judge's order seeking a definition of the ter

Billionaire philanthropist and former Chief of Protocol of the United States Leonore Annenberg, widow of the late publishing magnate Walter Annenberg, died Thursday, at Eisenhower Medical Center in Rancho Mirage, California. She was 91 and had been in declining health at the time of her death. An Annenberg family spokesperson issued a statement confirming Mrs. Annenberg's death, and giving the cause of death as natural. Annenberg served as Chief of Protocol from 1981 to 1982 under President Ronald Reagan. Once out of the public eye, the Annen

Korean Jiyai Shin played a faultless final round to win the HSBC Women's Champions in Singapore at the Tanah Merah Country Club. Starting the final day six shots behind the overnight leader of, Katherine Hull, Shin birdied the first four holes to close the gap quickly. Shin who is ranked 4th in the world takes home a purse of US$300,000. Shin showed class and poise to seal the championship with her approach shot on the 18th. Playing from 180 yards on the par 4, Shin found the green with comfort and was left with a 30 foot putt to seal victory

The West Indies cricket team held on to a draw in the fifth and final test of the five match test series at Queen's Park Oval, Port-of-Spain, Trinidad against the England cricket team to win the five test series 1-0 and regain the Wisden trophy after a gap of nine years. This is their first major test series victory in five years. To win the match, West Indies were set a target of 240 runs in 66 overs or to bat two sessions for a draw. West Indies pair of Fidel Edwards and Denesh Ramdhin thwarted the English attack to finish on 114-8 and drawi

Fundraising to keep XH558,the only airworthy Avro Vulcan in the world flying have been successful. The one million pounds required to pay for licenses was successfully raised by generous sponsors. VTST, the trust that returned the bomber to flying condition, requires £80,000 per month to cover maintenance costs and faced a shortfall due to the loss of corporate sponsorship as a result of the credit crunch. The trust fought to keep the aircraft from being grounded or sold to a collector in the United States by turning to grassroots campaigning

NASA has decided to postpone the launch of Space Shuttle Discovery, mission STS-119, for at least four more days. The further delay of launch was due to a hydrogen fuel leak. Discovery was previously set to liftoff tonight at 9:20 p.m. (EDT). "Space shuttle Discovery’s launch to the International Space Station (ISS) now is targeted for no earlier than March 15. Liftoff on March 15 would be at 7:43 p.m. EDT. The exact launch date is dependent on the work necessary to repair the problem," said NASA in a statement on their website. NASA said dur

Yesterday, Apple Computer revealed the third-generation version of its iPod Shuffle model, which introduces new features including a voice that tells the user what song is playing in their playlist through the user's headphones. Apple stated that the iPod will have 4 gigabytes of space, which is enough to hold approximately 1,000 songs, twice as much as the second-generation Shuffle. In the announcement of the device, Apple told the media that the new voice system, called "VoiceOver", will completely replace all of the button controls on the d

The crew currently of the International Space Station (ISS) was briefly evacuated to the Russian Soyuz capsule in preparation for a possible impact with space debris. In memos published by NASAspaceflight.com, the object was described as "elliptical with a low perigee". It was unclear what kind of damage the debris would have caused if it had collided with the ISS. "Tracking of the small piece of debris/MMOD (Micrometeoroid Orbital Debris) was initially classed as a low threat of collision with the ISS. Universe Today reported the object as

US financier Bernard Madoff, the former chairman of the Nasdaq stock index, has been jailed after pleading guilty to all 11 charges of fraud, money laundering, and perjury surrounding a US$50 billion Ponzi scheme. "I'm deeply sorry and ashamed," the financier stated during a speech in the New York court. "I believed it would end quickly and I would extricate myself and my clients. This proved difficult and, in the end, impossible." Some of Madoff's victims applauded when the former was handcuffed by officers and taken out of the courtroom to

Ten people have been killed and several injured across two small towns of Samson and Geneva in Alabama after a shooting incident by a gunman. The victims include the gunman and the wife and child of a sheriff's deputy. The gunman started his killing spree in a gas station in Samson after 5 p.m. Eastern Time and his rampage ended 12 miles away at the Reliable Metal Products plant, a manufacturing plant in Geneva. According to a report by CNN from Alabama state Senator Harri Anne Smith, who represents Geneva County "he [the gunman] was shooting

Jim Cramer, CNBC's host of Mad Money, plans to appear on The Daily Show Thursday, in the midst of an escalating feud between Cramer and the Comedy Central show's host, Jon Stewart. Jim Cramer has been the only CNBC employee to publicly respond to Daily Show segments strongly criticizing the television business news channel's financial coverage during the growing global recession, particularly focusing on specific remarks by made by Cramer. The feud began on March 4, when The Daily Show aired an eight-minute clip lampooning CNBC. The comedy ne