IBT Staff Reporter

This is the second in TheWrap's series of Studio Report Cards.PARAMOUNT:Grade: A-

The NBA champion Dallas Mavericks continued their roster changes on Tuesday by trading away Spanish guard Rudy Fernandez and forward Corey Brewer to the Denver Nuggets.

Coca-Cola Co (KO.N) is buying a stake in Saudi Arabia-based beverage company Aujan Industries for $980 million in what is seen as a bid to catch up with rival PepsiCo Inc (PEP.N) in the Middle East.

AOL TV has been rebranded as HuffPost TV.

George Clooney isn't exactly synonymous with theater, but for one night, he'll be the biggest star on stage in Los Angeles.

Two weeks after MF Global's collapse, officials from the Commodity Futures Trading Commission briefed Senate staff on the brokerage firm's final days. When asked about reports that the brokerage firm had written checks that bounced when customers tried to cash them, the regulators had an admission that surprised the room: they didn't know about the bad checks.

The actors of civil rights drama The Help topped Screen Actors Guild Award nominations on Wednesday with four nods including best film cast, leading a list of nominees that saw many surprises in Hollywood's current awards season.

Actress Lindsay Lohan, who is on probation for drunk driving and theft convictions, pleased a judge for a change on Wednesday by completing her court-ordered community service and therapy sessions on time.

At this time of year Hollywood brings out big-budget movies like Mission: Impossible with Tom Cruise and the new Sherlock Holmes film starring Robert Downey, Jr.

Los Angeles Times editor Russ Stanton will step down this month and be replaced by the managing editor for news, the newspaper said on Tuesday.

The International Monetary Fund's chief economist cautioned on Wednesday against imposing tough austerity measures too quickly and instead favors a longer process as countries around the world grapple with high debt levels.

U.S. chief executives' view of the economy was little changed in the fourth quarter, though they are growing concerned about the risk of inflation in raw material prices, according to a survey released on Wednesday.

Spain's Telefonica SA trimmed its planned 2012 dividend on Wednesday in a move to keep its debt under control as the telecoms group battles sluggish economic growth in its home market and uncertainty in Europe.

On a quiet stretch of the waterfront here, about a mile from Boston's main tourist sites, a Gillette factory hums along 24 hours a day making an unlikely commodity: top-of-the-line razors.

T-Mobile USA, the No. 4 U.S. mobile service, plans to market the Lumia 710 phone from Nokia to first-time smartphone buyers as the two companies push to recoup market share losses of recent years.

An eight-year growth spurt for the U.S. aerospace industry appears set to end in 2012, the industry's chief trade group said Wednesday.

Research In Motion has already doled out a big helping of bad news ahead of its financial results on Thursday, but surprises could still await investors hungry for details about what many see as a new, make-or-break BlackBerry.

Stocks fell on Wednesday as weak commodity prices sparked a selloff in the energy and materials sectors and as a falling euro and high Italian bond yields kept Europe's debt crisis in focus.

The Pittsburgh Penguins were no match for goaltender Jimmy Howard and Detroit as the Red Wings cruised to a 4-1 road victory on Tuesday.

Michael Jackson's daughter Paris gave a rare televised interview this week, during which she discussed life with her late father and a budding acting career.

The debt burden on Canadian households rose to a record high in the third quarter as mortgage and consumer credit increased but the net worth of households fell, Statistics Canada said on Tuesday.

Political turmoil in the euro zone is undermining the ability of computer-driven trading systems to cope with volatile market sentiment, challenging the rocket scientists who create them to seek new ways to guarantee returns.

Groupon Inc shares dropped on Wednesday after the top underwriter on the company's recent initial public offering started research coverage with a luke-warm report.

Canada's energy regulator has failed to make adequate checks to ensure pipeline operators fix safety problems uncovered at their facilities and keep emergency procedures up to date, the country's Commissioner of the Environment and Sustainable Development said on Tuesday.

Facebook launched a new suicide prevention tool on Tuesday, giving users a direct link to an online chat with counselors who can help, the company said.

First Solar Inc cut its 2011 sales and profit forecast for the second time in two months Wednesday and said next year's profits would fall below Wall Street's view, sending its shares tumbling more than 20 percent.

From iPhones to mergers to patent wars, it has been quite the year in the world of telecommunications. Despite all the big industry news swirling around this year, the public was left with very few answers.

Canada and Japan have agreed to decide soon whether to negotiate a bilateral economic partnership agreement, and Canada also aims to complete a free trade agreement with India by 2013, government officials said on Wednesday.

NB Power said a radiation alert at the Point Lepreau nuclear generating station in Canada's New Brunswick province on Tuesday was caused by a small spill in the reactor building.