IBT Staff Reporter

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Oscar producers urge fans to celebrate movie memories

Facing a future where many movies will be seen in homes, Oscar organizers on Monday unveiled this year's awards show theme at an annual luncheon honoring nominees by asking fans to relish memories of why they love movies and going to theaters.

'The Voice' gets off to superstar ratings for NBC

NBC's singing contest The Voice got its second season off to a supersize start, attracting 37.6 million viewers on Sunday -- more than double the show's biggest audience last year, NBC said on Monday.

U.S. targets food stamp fraud as election looms

Stung by election-year criticism of a program used by one in seven Americans, administrators of U.S. food stamp benefits are intensifying efforts to combat fraud and protect the $75.3 billion plan from the budget axe.

Night of the Living Dead actor Bill Hinzman dies

Bill Hinzman, who was cast on-the-spot as a zombie in 1968 cult film Night of the Living Dead in a role that earned him the longlasting admiration of horror fans, has died at age 75, his daughter said.

Exclusive: Facebook governance a concern for Calif pension fund

Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers' Retirement System.

Yum profit up as China keeps growing

KFC parent Yum Brands Inc reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit at established restaurants in China helped ease worries that growth in its top market was slowing.

MGM gets $500 mln loan to expand film, TV slate

Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production.

Cisco seen reporting solid second quarter

A year after network equipment maker Cisco Systems Inc unnerved investors with yet another weak quarterly outlook the company looks set to report a stable quarter buoyed in part by improving enterprise demand in the United States.

UBS Loses Case to Recoup Bonus from Ex-Broker

A former broker of a UBS AG unit can keep $1 million of a signing bonus he received when joining the firm, despite leaving earlier than terms of the bonus required, according to a ruling by an arbitration panel.

MGM Secures $500M Loan to Expand Film, TV

Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production.

Housing plan helps nearly 1 million homeowners

Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.

Verizon, Redbox plan Netflix challenge

Verizon Communications Inc and Coinstar's Redbox unit have formed a joint venture to sell video services aimed at competing against video rental giant Netflix Inc.

787 glitch may pressure Boeing production outlook

Boeing Co faces fresh questions over whether it can meet what was already viewed to be an overly ambitious production schedule for the 787 Dreamliner, after the aerospace company said it had found a problem with the jet's fuselage.

IMF's Blanchard sees very large Greek haircut

The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be very large as negotiations between bondholders and the government drag on to cut Greece's debt burden.

Tribeca Film Institute expands program to Los Angeles

The Tribeca Film Institute is expanding beyond New York City for the first time, bringing its Tribeca Teaches program to Los Angeles with an after-school digital storytelling program at Lennox Middle School, the institute said Monday.

Ron Paul on Abortion: Was Your Rape Honest?

When Ron Paul was asked by CNN host Piers Morgan on Friday whether he would allow one of his daughters or granddaughters to have an abortion if she were raped, he said yes -- if it's an honest rape. What does that mean?

Skepticism Grows on Medco/Express Scripts Deal

Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they have enough evidence to stop the megamerger.

Skepticism grows around Medco/Express Scripts deal

Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they have enough evidence to stop the megamerger.

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