IBT Staff Reporter

Major League Baseball (MLB) Commissioner Bud Selig said Saturday he was counting on the bankrupt Los Angeles Dodgers to be sold by April 30.

China's $350 billion mutual funds industry may be stumbling due to a sliding stock market and fierce competition but that has not stopped new foreign entrants from paying hefty premiums -- double of what they are offering in India, in some cases -- to get their toes in.

The Golden Globes crowned a new galaxy of television stars on Sunday, honoring a slew of shows in their first season and leaving old favorites out in the cold

It's going well, isn't it? Ricky Gervais told the Golden Globes Awards gathering on Sunday. You're so much better than last year's audience.

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.

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.

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.

China's fledgling real estate investment fund market could see a surge of activity in 2012 as property developers launch their own vehicles in a desperate bid to bridge an estimated $111 billion financing gap in the year ahead.

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.

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.

Toshiba is set to propose an equity tie-up with scandal-hit camera and medical equipment maker Olympus Corp , an industry newspaper said on Monday.

Media baron Rupert Murdoch used his new Twitter account this weekend to attack the Obama administration's opposition to parts of proposed legislation designed to combat Internet piracy.

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.

Three of Europe's biggest oil companies are expected to bid for Anadarko Petroleum's Brazilian business, the Financial Times reported on Sunday.

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.

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.

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.

Iran said on Sunday it had received a letter from the U.S. government about the Strait of Hormuz, the crucial oil shipping lane that Tehran has threatened to close if sanctions prevent it exporting oil.

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.

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.

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.

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.

Negotiations between Greece and creditor banks on a deal aimed at cutting the country's towering debt pile are tough but will yield positive results, Germany's foreign minister said during a visit to Athens on Sunday.

Media baron Rupert Murdoch used his new Twitter account this weekend to attack the Obama Administration's opposition to parts of proposed legislation designed to combat Internet piracy.

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.

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.

Honda Motor Co <7267.T> will completely overhaul its flood-hit factory in Thailand in a project that could cost more than 50 billion yen ($650 million), the Nikkei business daily reported on Sunday.

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.

Iran said on Saturday it had evidence Washington was behind the recent killing of one of its nuclear scientists, state television reported, at a time when tensions over the country's nuclear program have escalated to their highest level ever.