IBT Staff Reporter

U.S. consumer credit surged 10 percent in November, its biggest jump in a decade in a positive signal for the economy as consumers tapped their credit cards and the government doled out more student loans.

Jan 09, 2012

Flight attendant leaders of United Airlines accepted the terms of tentative agreement with the airlines regarding their contract and will send it to 15,000 United Flight attendants for a vote, Association of Flight Attendants said in a statement.

Jan 09, 2012

Jodi Kantor's upcoming biography The Obamas has been criticized for not being entirely accurate by some, but one thing is certain about the book: It's certainly generating its share of headlines.

Jan 09, 2012

Frank Darabont has landed another project, a little more than half a year after his surprising exit from the AMC zombie drama The Walking Dead.

Jan 09, 2012

Former child star Kristy McNichol, star of 1970s TV shows Family and Empty Nest, came out as a lesbian on Monday, in a public gesture to support kids who are bullied over their sexuality.

Jan 09, 2012

As the government nears a deal with top banks to resolve mortgage abuses, the Justice Department has begun reaching out to other banks to gauge their interest in joining the wide-ranging settlement, according to a person familiar with the matter.

Jan 09, 2012

Hollywood movie producers would kill for the kind of buzz that surrounds the barely seen video that could be the next bombshell in the campaign for the Republican presidential nomination.

Jan 09, 2012

Now here's a competition that even noted layabout Homer Simpson could get behind.

Jan 09, 2012

Pop singer Katy Perry on Monday pulled out of this week's People's Choice Awards show and what would have been her first major public appearance since her split with husband Russell Brand.

Jan 09, 2012

Rappers Dr. Dre and Snoop Dogg, rock duo The Black Keys and alternative rock band Radiohead will headline the popular Coachella music festival in April, organizers said on Monday.

Jan 09, 2012

Honda Motor Co <7267.T> unveiled three Acura models at the Detroit auto show on Monday including an entry-level sedan and an NSX supercar as it aims to put the struggling premium brand back on the map in the crowded U.S. luxury market.

Jan 09, 2012

Lions Gate Entertainment Corp is nearing a deal to buy Twilight movie producer Summit Entertainment for about $400 million, two people familiar with the matter said on Sunday.

Jan 09, 2012

Low-budget horror movie The Devil Inside scared up a surprisingly strong $34.5 million in U.S. and Canadian ticket sales to take possession of the weekend box office crown, according to studio estimates released on Sunday.

Jan 09, 2012

South Korea's Samsung Total Petrochemical Co Ltd said it would invest 2 trillion won ($1.72 billion) to build an aromatics plant with annual production capacity of 1 million tons of paraxylene and 420,000 tons of benzene.

Jan 09, 2012

Apple Inc Chief Executive Tim Cook received a one-time stock award worth nearly $400 million, the largest given by a company in a decade.

Jan 09, 2012

Apple Inc Chief Executive Tim Cook received a one-time stock award worth nearly $400 million, the largest given by a company in a decade.

Jan 09, 2012

A California woman is suing the maker of Tropicana claiming it is squeezing consumers by touting the best-selling U.S. orange juice as 100% pure and natural when it is not.

Jan 09, 2012

Intel plans to make its biggest marketing push since 2003 for a new, super-thin category of laptops it has dubbed ultrabooks, hoping to fend off major strides made by Apple Inc and its MacBook Air into the high-end personal computing market.

Jan 09, 2012

Alcoa Inc posted a fourth quarter loss due to a steep plunge in aluminum prices, but its revenue beat expectations and the company gave a positive outlook for global demand for the metal, especially in the aerospace and automotive markets.

Jan 09, 2012

AT&T Inc announced plans to launch seven new smartphones and a tablet computer early this year for a new wireless network it is building, in an effort to catch up with bigger rival Verizon Wireless in high-speed wireless services.

Jan 09, 2012

Olympus Corp said on Tuesday it was suing 19 current and former executives including President Shuichi Takayama for up to 3.6 billion yen ($46.84 million) in compensation and that all current board members subject to the lawsuit would resign in March or April, as the firm struggles to recover from one of Japan's worst accounting scandals.

Jan 09, 2012

Olympus Corp said on Tuesday it was suing 19 current and former executives including President Shuichi Takayama for up to 3.6 billion yen ($46.84 million) in compensation and that all current board members subject to the lawsuit would resign in March or April, as the firm struggles to recover from one of Japan's worst accounting scandals.

Jan 09, 2012

General Motors Co expects to post market share gains this year in both China and South Korea, a top GM executive said on Monday.

Jan 09, 2012

Amazon.com Inc and Indiana Governor Mitch Daniels unveiled an agreement on Monday that may mean that the world's largest Internet retailer starts collecting sales tax in the state in 2014.

Jan 09, 2012

Network equipment maker Juniper Networks Inc cut its fourth-quarter outlook, primarily due to weaker-than-expected router demand from service providers, sending its shares down 4 percent in trading after the bell.

Jan 09, 2012

The top U.S. communications regulator on Monday proposed measures to eliminate the waste and fraud plaguing a telephone subsidy for the poor, and broaden the program to bring high-speed Internet to more low-income households.

Jan 09, 2012

The top U.S. communications regulator on Monday proposed measures to eliminate the waste and fraud plaguing a telephone subsidy for the poor, and broaden the program to bring high-speed Internet to more low-income households.

Jan 09, 2012

As tax season begins, a decision by Wal-Mart Stores Inc to offer some free and discounted tax preparation in conjunction with its check-cashing services at more than 3,000 U.S. stores is less about giving back and more about bringing in, experts cautioned.

Jan 09, 2012

Intel plans to make its biggest marketing push since 2003 for a new, super-thin category of laptops it has dubbed ultrabooks, hoping to fend off major strides made by Apple Inc and its MacBook Air into the high-end personal computing market.

Jan 09, 2012