The U.S. Treasury and the Federal Reserve on Thursday unveiled a set of rules to slash excessive executive compensation in a move to comfort the furor over executive pay at companies bailed out with taxpayer money. According to the order released by the Treasury Department, seven firms that received the most federal aid, namely Bank [...]

Police are investigating why a gunman went on a shooting spree in northwest England Wednesday, leaving 12 dead in the worst incident of its kind in the UK for 14 years, Bloomberg News said Thursday. The Cumbria Constabulary said more than 100 detectives are investigating the shooting. The body of the gunman, named by police [...]

Mel Gibson won’t face any battery charges after his attack on a fan yesterday at Playhouse nightclub in Los Angeles. As Hollyscoop reported exclusively, Mel and his pregnant girlfriend Oksana Grigorieva were partying at the VIP section of Playhouse when a pusher reporter tried to snap a photo of them. Security escorted the reporter out [...]

British oil giant BP said on Thursday that oil has stopped leaking from the blown-out well in the Gulf of Mexico as a result of the new cap the company placed over the leak. It’s the first time for BP to completely contain the months- long leak triggered by the explosion of BP-leased Deepwater Horizon [...]

Veteran rockers Deep Purple will give two concerts in Moscow on April 18 and 19 this year in the capital’s B1 Maximum club, the concert PR agency Melnitsa-International. Last year, Deep Purple toured 11 cities in Russia and Ukraine from October 12 through 28, visiting not only the two countries’ capitals of Moscow and Kiev, [...]