IBT Staff Reporter

Huge U.S. corporations are forming lobbying groups to try to influence what could become the hottest congressional debate over comprehensive tax reform in a generation.

As one of the stars of Comedy Central's slacker comedy Workaholics, Blake Anderson might not be a fan of back-breaking labor. Back-breaking recreation, on the other hand ...

Lawyers for actor Mel Gibson and his estranged wife Robyn submitted a proposed divorce settlement to a judge on Friday, moving the pair closer to finalizing their split after 31 years of marriage.

Rapper Tyler, The Creator was arrested on suspicion of felony vandalism on Thursday, following a show at a nightclub on the famed Sunset Strip, police said.

You can't accuse Ryan Murphy of getting overly sentimental about his characters: The Glee co-creator, who caused a serious stir with plans to overhaul the cast of the Fox show, plans a largely new cast and completely new setting for the second season of the FX horror drama American Horror Story.

Tom Nenon, a philosophy professor at the University of Memphis, is vexed with his online shopping experience at Best Buy, a sentiment shared by other U.S. Internet shoppers this holiday season.

Nazem Kadri made the most of his call-up from the minor leagues to the Toronto Maple Leafs on Thursday, scoring the game-winning goal in a 3-2 victory over the Buffalo Sabres at the Air Canada Center.

Canadian regulators have approved Enbridge Inc's plans to build a new C$180 million ($176 million) pipeline to move oil out of the underserved but prolific Bakken and Three Forks oilfields.

The FBI's upgrade of its computerized case file system has hit another snag and will not be fully deployed until mid-2012 after it crashed twice during a trial run by agents in October, according to a government report released on Friday.

President Barack Obama has options to kill or delay the Canada-to-Texas oil sands pipeline despite language in the payroll tax bill that forces him to make a decision on a permit by late February.

Bank of America Corp is lagging behind its major U.S. competitors in complying with new capital rules, leading the bank to consider even more asset sales, sources said.

Get ready. The last trading week of the year will be a test for stocks to prove whether they have the strength to carry a rally into next year. The broad S&P 500 index broke through its 200-day moving average on Friday after turning positive for the year as a four-day rally lifted stocks following a spell of better-than-expected economic data.

Markets edged up Friday, extending gains seen throughout most of the week, as optimistic data on durable goods and new homes sales offset lackluster consumer spending and signaled U.S. strength against the Eurozone crisis.

Exploration and development company Detour Gold said its Detour Lake gold project in northern Ontario has received a go-ahead from the federal government, paving the way for the development of what will be one of Canada's largest gold mines.

Yahoo Inc's board of directors has agreed to keep exploring a plan to split off the Internet company's Asian assets in a complex deal valued at $17 billion, The Wall Street Journal reported on Friday.

Get ready. The last trading week of the year will be a test for stocks to prove whether they have the strength to carry a rally into next year.

Publicist Scotty Dugan died while en route to the funeral of slain music executive and film producer John Atterberry on Wednesday of as-yet-undetermined causes, TheWrap has confirmed. He was 52.

Canada's economy stalled in October after four consecutive months of growth, pointing to a fourth-quarter slowdown as increasing global uncertainty mutes expectations for next year.

News Corp is close to hiring Gerson Zweifach as its top corporate lawyer, bringing in the highly regarded litigator at a time when the company is dealing with the fallout from its phone-hacking scandal.

General Electric Co acknowledged that three former traders at a finance unit engaged in bid-rigging of municipal bonds and agreed to pay authorities $70.4 million in penalties and damages, the latest settlement in a long-running probe that has ensnared some of the largest financial institutions.

The S&P 500 turned positive for the year and closed out its third week of gains in four on Friday as equities extended their rally after a string of unexpectedly strong economic data.

The S&P 500 turned positive for the year and closed out its third week of gains in four on Friday as equities extended their rally after a string of unexpectedly strong economic data.

Consumer spending was tepid in November and a gauge of business investment fell for a second straight month, suggesting the economy lost some of its recent momentum.

Ron Paul said in a 2007 interview with Meet the Press that Abraham Lincoln should have bought the South's four million slaves and freed them instead of fighting the Civil War. But this idea is based on a completely unrealistic view of history.

Europe faces another year of dismal economic performance in 2012 that will weigh on global growth, but emerging markets and the United States should at least keep the world economy moving in the right direction.

CME Group Inc fined a trader $50,000 for running a rapid-fire trading strategy that malfunctioned last year, sending thousands of erroneous orders to the New York Mercantile Exchange and sparking a $1 surge in oil prices.

Research In Motion, still smarting over having to change the name of its yet-to-come operating system, faces a similar trademark challenge to its popular instant-messaging service BlackBerry Messenger.

Halliburton Co Chief Executive David Lesar has just made a gift of $1 million worth of shares in the company, according to a regulatory filing on Friday, rounding out a year in which he reduced his stake by a third.

The year began with a shooting in Tucson, Ariz., that left six people dead and 14, including U.S. Rep. Gabrielle Giffords, injured, and it ended with the last troops coming home from Iraq. It began with Congress deadlocked over spending and taxes and ended with Congress, well, deadlocked over spending and taxes.