IBT Staff Reporter

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Thriller Contraband nabs box office title

Adult thriller Contraband starring Mark Wahlberg grabbed the weekend movie box office title, beating expectations with an estimated $24.1 million in ticket sales at U.S. and Canadian theaters.

Factbox: List of Golden Globe winners

Following is a list of winners on Sunday at the Golden Globe Awards, which annually is among the most-watched Hollywood honors programs and a precursor to the Oscars. Winners are grouped into separate categories for film and television.

Plodding PC sales weigh down Microsoft profit

Microsoft Corp is starting the new year much as it did the one just ended - grappling with weak computer sales tearing a hole in its core Windows business, while it gropes its way slowly into the faster-growing mobile phone and tablet markets.

ECB aims to restore calm after S&P cuts: Nowotny

The European Central Bank will do all it can to calm the situation after Standard & Poor's downgraded several euro zone members' debt ratings in the past week, ECB Governing Council member Ewald Nowotny said on Sunday.

Hulu Challenges Cable with First Original Drama

Hulu, the popular online video service, has taken another step to becoming a full-fledged alternative to cable television by commissioning its first scripted original TV show to go live next month.

FSB's Carney Rejects Calls to Delay Bank Reforms

Financial Stability Board Chairman Mark Carney on Sunday rejected calls from the banking industry to delay planned tougher capital rules for lenders, saying such a move would not spur strong growth.

Two More Bodies Found on Italian Cruise Ship

Divers found the bodies of two elderly men inside a capsized cruiseliner on Sunday, raising to five the death toll after the luxury vessel foundered and dramatically keeled over off Italy's coast.

San Francisco Sinks New Orleans in Playoff

The San Francisco 49ers won a thrilling divisional playoff over the New Orleans Saints 36-32 on Saturday to reach the NFC Conference championship for the first time since the 1997 season.

Hollywood preps for Golden Globe party

Hollywood prepared for its annual party and prize giveaway, the Golden Globe Awards, on Sunday but as much as Tinseltown's eyes will be fixed on which films and stars will be honored, its ears will be listening for barbs from show host Ricky Gervais.

CEO Exits Serve as Warning to Canadian Energy Industry

The sudden departures of two energy industry chief executives this week should serve notice to their counterparts that corporate boards and the shareholders they represent are no longer willing to tolerate weak management.

China a harbinger for global slowdown

Walk softly. Global growth looks to be smoothly downshifting as China slows, the U.S. economy firms, and troubled Europe, at least for now, avoids a messy crash.

It's earnings vs Europe for stocks

U.S. stock investors will return to a tug of war between signs of domestic strength and overseas concerns this week as a batch of critical earnings reports look to add credence to the idea the economy is improving, while credit rating downgrades in Europe will keep that region's difficulties in view.

China's Wen presses Saudi Arabia for oil access

Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment, media reports said on Sunday against a backdrop of growing tension over Iran and worries over its crude exports to the Asian power.

White House Casts Doubt on Fate of Anti-Piracy Legislation

White House officials raised concerns on Saturday about online-piracy legislation pending in Congress that Facebook and Google Inc. have decried as heavy-handed, but that Hollywood studios and music labels say is needed to save U.S. jobs.

White House casts doubt over anti-piracy legislation

White House officials raised concerns on Saturday about online piracy legislation pending in Congress that Google and Facebook have decried as heavy-handed and Hollywood studios and music labels say is needed to save U.S. jobs.

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