The sexual assault case against Dominique Strauss-Kahn collapsed after what appeared to be strong testimony deteriorated into a fabric of lies.

Wedding fever hit New York, as hundreds of gay and lesbian couples married on the first day that same-sex marriage became legal in the state.

The International Monetary Fund said Dominique Strauss-Kahn has resigned following charges against him of sexual assault and attempted rape.

Hedge fund founder Raj Rajaratnam was found guilty on all 14 counts of insider trading in a sweeping victory for the United States government.