Rogue trader causes oil price spike

A rogue trader has left a London-based oil brokerage with losses of almost US$10-million following a series of unauthorised trades two days ago believed to have caused a spike in global crude prices. PVM Oil Futures Ltd issued a statement…

Carlifornia gets budget deal

Top California lawmakers raised hope on Thursday that an elusive budget deal could be at hand, as officials began issuing billions of dollars in "IOUs" to avoid a cash crisis on the second day of a new fiscal year without an agreement to…

Vegetarian diet weakens bones

People who live on vegetarian diets have slightly weaker bones than their meat-eating counterparts, Australian researchers said Thursday. A joint Australian-Vietnamese study of links between the bones and diet of more than 2,700 people…