IBT Staff Reporter

Fitch Ratings on Monday revised to negative the outlook on the United States' AAA credit rating after a Congress committee failed last week to agree on at least $1.2 trillion in deficit-reduction measures.

Activision Blizzard Chief Executive Bobby Kotick told Reuters that stores may face a shortage of its new children's game this holiday season and tried to cast doubt on a rival's upcoming game that analysts say could eat into Activision's user base.

While struggling to overcome an addiction to painkillers, T.I. got a helping hand from Eminem, who told the Live Your Life emcee about what he dealt with during his own battle with substance abuse, Billboard reported Monday.

Facebook Inc is looking to go public between April and June 2012 with a valuation of over $100 billion, the Wall Street Journal reported, citing people familiar with the matter.

U.S. regulators and law enforcement believe a bankruptcy trustee has overestimated the amount of customer funds missing at MF Global, according to sources familiar with the matter.

S&P cut the credit rating of the Los Gatos, Calif.-based company to BB- from BB. Its outlook remains stable.

Best Buy posts big Black Friday weekend numbers, including selling out of Playbook tablets.

Kurt Warner frequently brought up his own Christian faith while he was an NFL quarterback. Now, though, he's told the Arizona Republic he thinks fellow believer and QB Tim Tebow should tone down his own religion talk.

A federal judge angrily threw out Citigroup Inc's proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements.

News that the world's top foreign exchange broker has been testing its trading system against a possible euro collapse conjures a host of images and ideas for currency traders and investors, not all of them bad.

AOL Inc does not plan to buy any of Yahoo's assets, AOL's chief executive said on Monday.

Stocks rebounded from seven days of losses on Monday as investors used the latest effort from European leaders to resolve the region's debt crisis as an opportunity to cover short positions.

Shares of the Seattle-based retailer rose 6.44 percent to $194.15.

Stocks rebounded from seven days of losses on Monday as investors used the latest effort from European leaders to resolve the region's debt crisis as an opportunity to cover short positions.

Twitter has acquired a start-up company that makes software to improve security and privacy for smartphones and other mobile devices.

Germany and France stepped up a drive on Monday for coercive powers to reject euro zone members' budgets that breach EU rules, and the United States kept up the drumbeat of demands from the rest of the world for decisive action.

Germany and France stepped up a drive on Monday for coercive powers to reject euro zone members' budgets that breach EU rules, and the United States kept up the drumbeat of demands from the rest of the world for decisive action.

People looking for Activision Blizzard's new children's game Skylanders this holiday season may be out of luck after the game sold better than expected, the video game maker's top executive said on Monday.

Amazon.com Inc said on Monday it saw a surge in sales of its Kindle devices, helped by its new Kindle Fire tablet, on the crucial Black Friday shopping day after Thanksgiving.

If Miley Cyrus is in fact a heavy marijuana user, the drug hasn't impaired her capacity for deductive reasoning.

Regis Philbin was apparently serious about being tired of getting up so early in the morning. He says his next gig will be in primetime.

Michelle Williams' portrayal of America's most iconic actress debuted strongly over the Thanksgiving holiday weekend, with the Weinstein Company's My Week With Marilyn opening to $2 million at 244 domestic locations.

Almost three decades after she first played her onstage, Glenn Close has brought to the screen the strange and compelling character of Albert Nobbs, a woman in 19th-century Dublin who lives as a man to escape a traumatic past and hang onto her job as a waiter in precarious times.

The Dark Knight Rises may be Christian Bale's final performance as crime-fighting superhero Batman, the actor told the Philippine Daily Inquirer.

Just weeks before the release of his first big-budget epic, Immortals, Relativity Media CEO Ryan Kavanaugh took a $200 million loan from billionaire Ron Burkle, TheWrap has learned.

Nestle will partner with the Fair Labor Association to investigate whether children are working on cocoa farms which supply its factories in Ivory Coast, it said in a statement on Monday.

Several companies in the money market fund industry, which has waived several billion dollars of fees over the past two years, are primed to recapture lost revenue from investors at a future date.

The Western Canadian province of Saskatchewan said on Monday its budget surplus for 2011-12 will be less than a quarter of what it had forecast, due in part to a summer of severe flooding.

This December, 500 young Ron Paul supporters will travel around Iowa and New Hampshire to get out the vote for the Texas congressman's presidential campaign. The effort, dubbed Christmas Vacation with Ron Paul, is part of Paul's grassroots campaign strategy.