IBT Staff Reporter

J.J. Abrams has started production on his Star Trek sequel as planned, Paramount Pictures announced Tuesday.

Porn stars in Los Angeles will be legally required to wear condoms during film shoots after the city council voted on Tuesday to mandate their use, despite a threat by skin flick producers to leave town over the requirement.

The co-founder of Pinkberry frozen yogurt has been charged with assault for attacking a homeless panhandler with a tire iron after the man flashed a provocative tattoo at him, authorities said on Tuesday.

Severed head found in bag under Hollywood sign, police say

Taylor Lautner is helping Facebook make history.

The Federal Reserve's latest push toward increased transparency has so far done more to muddle the outlook for interest rates than clarify it.

Japanese chipmaker Elpida Memory will seek a capital tie-up with U.S. rival Micron Technology as it struggles with a deteriorating market and stiff competition from South Korean competitors, the Yomiuri newspaper reported on Wednesday.

U.S. authorities on Tuesday unsealed criminal charges accusing a father and son team, both Russian citizens, of hacking into U.S. bank accounts and illegally snatching credit card numbers and stealing hundreds of thousands of dollars.

Taylor Swift says her new album will be about an absolute crash-and-burn heartbreak, prompting speculation in the media that the latest subject of her songwriting skills may be her short-lived 2010 crush on Jake Gyllenhaal.

Samsung Electronics said on Wednesday it was not interested in buying ailing Blackberry maker Research In Motion or licensing its operating system, refuting a tech blog report that RIM was seeking to sell itself to the South Korean technology giant.

Yahoo Inc co-founder Jerry Yang, who started the company in 1995, has quit the board of the struggling Internet company.

Global audit and consulting firm Ernst & Young has named Mark Weinberger, a longtime Washington insider, as its next chairman and chief executive, a signal that connections in the U.S. capital may be growing in importance to a profession facing greater scrutiny.

David Kotz, the tough internal watchdog at the Securities and Exchange Commission, is leaving the agency at the end of January to join a private investigative service.

The years-long delay in bringing three former Nortel Networks executives to trial for fraud has reinforced Canada's well-earned reputation as a laggard in markets enforcement, particularly when compared with the United States, its critics say.

Majesco Entertainment Co's fourth-quarter results came in below market expectations hurt by higher operating costs, and the video game publisher forecast a weak 2012.

IBM Corp is expected to report solid fourth quarter results on January 19 under new chief executive Virginia Rometty as investors look for news about the potential impact of the Eurozone crisis and currency headwinds in 2012.

Stocks advanced on Tuesday, pushing the S&P 500 to its highest since early August, but sharply pared gains late in the session as Citigroup's steep drop in profit gave investors a reason to unload bank shares.

Most U.S. airlines are poised to report profitable fourth quarters, a trend set to continue in 2012 as cost-cutting and fare hikes help the industry weather rising fuel costs and global economic uncertainty that could hamper travel demand.

The European debt crisis interrupted the plans of Citigroup Inc Chief Executive Vikram Pandit to rebuild the bank, which reported an 11 percent drop in quarterly profit and disappointed Wall Street amid lackluster investment banking and trading business.

TD Ameritrade Holding Corp posted a 5 percent increase in quarterly profits on Tuesday as higher fees from deposit accounts and investment products helped offset a drop in trading levels toward the end of the period as investors withdrew from the choppy markets.

Manhattan federal judge Jed Rakoff is certainly not shy about speaking for himself. In November, as you'll surely recall, Rakoff blocked a negotiated $285 million settlement between the Securities and Exchange Commission and Citigroup over mortgage-linked securities. To say Rakoff had harsh words for the parties would be the understatement of the year. He railed against the bank and regulators an...

- Cree Inc, a maker of LED lighting, reported a lower-than-expected quarterly profit and also gave a forecast for the current period that fell short of analysts' estimates, sending its shares down more than 5 percent.

Hewlett-Packard Co on Tuesday named software veteran Bill Veghte as chief strategy officer as it overhauls its top ranks following a series of missteps over the past year.

Hedge funds holding Greek bonds that mature in March may have the strongest hand in the critical negotiations to restructure the cash-strapped country's debt.

Stocks sold off late in the session to end with modest gains on Tuesday as Citigroup's steep drop in profit gave investors a reason to unload bank shares.

Stocks sold off late in the session to end with modest gains on Tuesday as Citigroup's steep drop in profit gave investors a reason to unload bank shares.

U.S. authorities on Tuesday unsealed criminal charges accusing a father and son team, both Russian citizens, of hacking into U.S. bank accounts and illegally snatching credit card numbers and stealing hundreds of thousands of dollars.

David Kotz, the inspector general at the Securities and Exchange Commission who has a reputation as a tough watchdog, is leaving the agency at the end of January, the SEC said on Tuesday.

Symantec Corp said a 2006 breach led to the theft of the source code to its flagship Norton security software, reversing its previous position that it had not been hacked.