IBT Staff Reporter

Asian stocks and the euro rose on Wednesday after upbeat U.S. and German data and strong demand for Spanish debt tempered risk-aversion, with investors' focus turning to a European Central Bank tender as a gauge for euro zone funding strains.

The United States has removed Baidu Inc, China's largest search engine, from its list of notorious markets for piracy in a nod to the firm's efforts to clean up its music offerings.

A U.S. trade panel judge found Motorola Mobility infringed a Microsoft patent in making its Android cellphones, the companies said on Tuesday.

Japanese prosecutors raided Olympus Corp units on Wednesday in connection with a huge accounting scandal that has threatened the existence of the 92-year-old maker of cameras and medical equipment, Japanese media reported.

HTC Corp, the world's No.4 smartphone vendor, said on Wednesday it was already testing new phone models that work around technology cited in a patent lawsuit it lost against Apple Inc.

Asian stocks and the euro rose on Wednesday after upbeat U.S. and German data and strong demand for Spanish debt, with investors' focus turning to a European Central Bank's tender as a gauge for euro zone funding strains.

In a copyright case with broad implications for digital media, record company UMG Recordings Inc lost a bid to revive its lawsuit against a video-sharing website.

Contract manufacturer Jabil Circuit Inc posted quarterly revenue below analysts' estimates as its large customers battled inventory pile-ups, and sees lower revenue in the second quarter from its high-velocity segment which services digital products.

What do Ben Roethlisberger's Super Bowl choke and Two and a Half Men's send-off to deceased cad Charlie Harper have in common? They were the most-TiVo'ed moments on television in 2011.

Community fans are planning a flash mob at Rockefeller Center on Thursday afternoon to save the show, which has been pulled from NBC's midseason schedule.

Monterey Media has acquired U.S. rights to the romantic comedy Take Me Home, TheWrap has learned.

Elvis may have left the building -- and the planet, for that matter -- but he's not done racking up accolades.

Comedian Frank DeCaro is best known for his stint on The Daily Show with John Stewart but the comedian and talk radio host is now dishing out recipes.

Gerard Butler is recovering after a surfing accident that took place Sunday afternoon on the set of the upcoming Fox 2000 movie Of Men and Mavericks, according to multiple reports.

A trade panel judge ruled that Motorola Mobility infringed Microsoft's patented technology in making its Android cellphones, Microsoft said on Tuesday.

Van Eck Global, a fund manager with wide experience in emerging markets, is preparing to debut in another risky sector it bets will offer competitive returns in 2012 -- Europe's high-yield corporate debt market.

China's Premier Wen Jiabao has told the nation's banks to clean up lending policies that have left some businesses struggling with excessive borrowing costs as slowing export growth and other pressures eat into profits, state newspapers said on Wednesday.

The Japanese government plans to take a stake of more than two-thirds in Tokyo Electric Power Co <9501.T> in a de facto nationalization of the operator of the crippled Fukushima nuclear power plant, the Yomiuri newspaper said on Wednesday.

HBO has canceled Hung, How to Make It In America, Bored to Death and renewed Enlightened.

Paramount's decision to start Mission: Impossible 4 small -- albeit through large-format screenings -- seems to be paying off.

Black Swan actresses Natalie Portman and Mila Kunis have danced past Johnny Depp on IMDb's annual list of most-viewed actors.

Reactions among Batman fans to a new theatrical trailer for Christopher Nolan's hotly anticipated The Dark Knight Rises ranged from euphoric to philosophical after the sneak peek went viral Monday.

Glee stars Lea Michele and Chris Colfer said on Monday night's Watch What Happens Live on Bravo that Real Housewives of Atlanta star Nene Leakes will be the next big guest star on the Fox musical dramedy.

First, the good news for Fox: Its two-hour season finale of the dinosaur drama Terra Nova gave the network a first-place ratings tie with CBS on Monday.

FilmFunds -- a networking site for filmmakers, actors, financiers and fans -- has acquired post-production house Duran Duboi U.S. and will soon begin converting movies into 3D, TheWrap has learned.

In the year since buying the most valuable contemporary film library on the market, the new owners of Miramax have closed $325 million in new licensing agreements while resisting the urge to start making movies, according to Miramax executives.

I feel like the last person on earth not to have read Stieg Larsson's Millennium trilogy. Over the last few years, I've watched mystery buffs and non-readers alike lugging around the adventures of Lisbeth Salander before eagerly watching the Swedish film adaptations at the movies or on DVD, but the whole phenomenon has been a dog whistle that I never heard until seeing David Fincher's much-anticipated The Girl With the Dragon Tattoo.

Paul McCartney will kick off 2012 with an album of cover tunes and two original songs, he said on Monday, offering fans a glimpse of the music that inspired one of the biggest rock bands ever, the Beatles.

Gilberto Sanchez, who uploaded a pirated copy of Fox's superhero movie X-Men Origins: Wolverine, was sentenced to one year in federal prison Monday.