IBT Staff Reporter

In a day of drama befitting Hollywood, Oscar organizers on Wednesday said comedian Eddie Murphy was bowing out as host of the world's top film honors and producer Brian Grazer was stepping in to run the show.

Twilight fans appear very hungry for the upcoming fourth film in the vampire romance franchise, snapping up advance tickets for The Twilight Saga: Breaking Dawn - Part 1 and selling out early screenings.

The economic health of southern Europe will be in focus for telecoms investors on Thursday when Greek telecoms group OTE and major investor Deutsche Telekom report quarterly results.

Ed Lee won San Francisco's mayoral race on Wednesday, becoming the first elected mayor of Chinese descent in a city steeped in Chinese American history.

Keurig coffee machine maker Green Mountain Coffee Roasters , missed Wall Street's quarterly revenue estimates, knocking 30 percent off the value of its stock at a time when an influential short seller is questioning the company's business practices.

U.S. authorities on Wednesday charged seven people living in Estonia and Russia with using malicious software to hijack millions of computers worldwide to redirect Internet searches toward online ads.

U.S. authorities on Wednesday charged seven people living in Estonia and Russia with using malicious software to hijack millions of computers worldwide to redirect Internet searches toward online ads.

Android and iOS mobile devices have grown their presence in the mobile gaming market from 19-percent market share in 2009 to 58 percent in 2011. The two challenge long-running mobile gaming champions Nintendo and Sony.

Legislators in Alabama's Jefferson County on Wednesday voted 4 to 1 to file for bankruptcy court protection in what would be the biggest municipal bankruptcy in U.S. history.

Cisco Systems Inc trotted out results that beat Wall Street's expectations, signaling that efforts to revive growth are beginning to pay off.

Securities regulators approved strict new listing standards for reverse merger companies on Wednesday amid a rash of recent accounting scandals.

A big shareholder in Japan's scandal-hit Olympus Corp called for it to reinstate its sacked CEO to lead a clean up of the firm, piling more pressure on Olympus to put a broom through its current board and management.

In preparation for the new Xbox 360 updates coming through Xbox Live, Microsoft is updating its Xbox.com Web site with more social features and a cleaner design. One of the biggest features to come is the Beacon System, which allows gamers to let their friends know what they are interested in playing.

Cisco Systems Inc forecast revenue and earnings above Wall Street expectations as demand from government and enterprises for its network equipment remained resilient despite global economic troubles.

Legislators in Alabama's Jefferson County on Wednesday voted 4 to 1 to file for bankruptcy court protection in what would be the biggest municipal bankruptcy in U.S. history.

Is it going to get ugly at Fort Bliss?Federal Reserve Chairman Ben Bernanke takes his case for bold monetary action to boost growth deep into the heart of Texas on Thursday where some of his harshest critics reside.

The fight over the AT&T/T-Mobile merger is heating up, and the argument is focused on jobs.

Cable companies will offer high-speed Internet service to low-income families in the United States at around a fifth of the national average price, the top communications regulator said on Wednesday.

Stocks tumbled 3 percent on Wednesday in the market's worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened.

Stocks tumbled 3 percent on Wednesday in the market's worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened.

Stocks tumbled 3 percent on Wednesday in the market's worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened.

BlackBerry maker Research In Motion is investigating reports some users are experiencing delays, but it said on Wednesday that it is not fighting a outage similar to the one that took down its service for four days last month.

Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government threatened prolonged instability and kindled fears of a split in the euro zone.

Stocks tumbled 3 percent on Wednesday in the market's worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened.

The North Dakota Fighting Sioux nickname looks to be on the way out.

Amazon.com Inc's

Election Day 2011 will best be remembered for Democratic victories on ballot initiatives in Ohio and Mississippi, but another statement was made when the few states electing legislators and governors generally held on to incumbents and their parties.

Ultimate Marvel vs. Capcom 3 comes out Nov. 15 and brings with it a host of new characters and tweaks to returning fighters.

Amazon responded to competitors' accusations that its Kindle Fire limits users' access to apps with an announcement that the device will offer thousands of apps when it ships to customers next week.