IBT Staff Reporter

Societe Generale , France's second-biggest listed bank, said it would slash bonuses and scrap its 2011 dividend as it scrambles to meet tough new capital requirements.

Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back to the 1980s, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.

Italian bond yields ticked higher on Tuesday, closing in on unsustainable levels as lawmakers in Rome readied for a crucial vote on public finances that marks the latest chapter in the euro zone debt crisis.

Italian bond yields ticked higher on Tuesday, closing in on unsustainable levels as lawmakers in Rome readied for a crucial vote on public finances that marks the latest chapter in the euro zone debt crisis.

Former world heavyweight champion Joe Frazier lost his battle with liver cancer and died overnight at 67, his family confirmed in a statement.

Vodafone edged its full-year outlook higher on Tuesday as growth in emerging markets and robust trading in northern Europe helped the world's largest mobile operator to post first-half results ahead of forecasts.

Societe Generale , France's second-biggest listed bankon, scrapped its 2011 dividend on Tuesday to help bolster capital when reporting quarterly profit fell sharply, hit by charges including Greek debt writedowns.

Rufus Sewell and director Alex Proyas are reteaming for Legendary Pictures' Paradise Lost, Legendary announced on Monday.

Societe Generale , France's second-biggest listed bankon, scrapped its 2011 dividend on Tuesday to help bolster capital when reporting quarterly profit fell sharply, hit by charges including Greek debt writedowns.

The executive chairman of Google Inc on Tuesday played down concerns the search giant would give preferential treatment to Motorola Mobility Holdings after its planned purchase of the handset maker is completed.

Toyota Motor Corp <7203.T> posted a 32 percent drop in quarterly operating profit and withdrew its full-year profit forecasts as Thai floods pose a fresh threat to production while supply shortages from the March earthquake kept output low.

International Monetary Fund chief Christine Lagarde has joined a growing panoply of Western luminaries and celebrities such as Bill Gates and actress Emma Watson on China's most popular microblogging platform, Weibo -- and received a warm response.

France's second-biggest listed bank Societe Generale on Tuesday reported a 30.6 percent slump in third-quarter profits hurt by charges including Greek debt writedowns, and scrapped its 2011 dividend to preserve capital.

International Monetary Fund chief Christine Lagarde has joined a growing panoply of Western luminaries and celebrities such as Bill Gates and actress Emma Watson on China's most popular microblogging platform, Weibo -- and received a warm response.

Japan's Olympus admitted for the first time on Tuesday that controversial acquisitions had been used to cover up losses on securities investments dating back to the 1980s, succumbing to weeks of pressure that has battered the company's share price.

Asian shares wiped earlier gains and fell on Tuesday, weighed by concerns that surging bond yields could stifle debt-ridden Italy's fund raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.

A former Japanese banker who helped Japan's Olympus Corp shift losses off its books decades ago appears to be a key figure behind its decision to award a massive advisory fee to a little-known U.S. investment firm, Japanese broking sources who know the ex-banker said.

The executive chairman of Google Inc on Tuesday played down concerns the search giant would give preferential treatment to Motorola Mobility Holdings after its planned purchase of the handset maker is completed.

Samuel Goldwyn Films has picked up U.S. rights to The Island President and plans a February release, the company announced Monday.

Is Bruce Vilanch joining the ranks of the unemployed when the 84th Academy Awards roll around?

Michael Jackson fans cheered and his family members hailed as a triumph the verdict that found Dr. Conrad Murray guilty of involuntary manslaughter in the singer's death.

A former U.S. Army Ranger arrested during demonstrations in Oakland last week and later hospitalized is reluctant to become the face of protests there, his friends said on Monday.

Troubled retailer American Apparel Inc (APP.A) reported a narrower third-quarter loss, helped partly by lower operating expenses, and said it expects to improve its performance in the fourth quarter and next year.

Warren Littlefield was NBC's entertainment chief during the network's long run as the home of Must See TV comedy on Thursday nights.

Japan's Olympus admitted for the first time on Tuesday that controversial acquisitions had been used to cover up losses on securities investments dating back to the 1980s, succumbing to weeks of pressure that has battered the company's share price.

Scandal-hit Olympus revealed on Tuesday it had found that funds related to its purchase of British medical equipment maker Gyrus as well as three domestic firms were used to hide losses on securities investments dating back to the 1990s.

Scandal-hit Olympus revealed on Tuesday it had found that funds related to its purchase of British medical equipment maker Gyrus as well as three domestic firms were used to hide losses on securities investments dating back to the 1990s.

Credit Suisse AG, Switzerland's second-largest bank, has begun notifying certain U.S. clients suspected of offshore tax evasion that it intends to turn over their names to the Internal Revenue Service, with the help of Swiss tax authorities.

New footage has emerged for the upcoming film The Dark Knight Rises, with scenes staging a riot around Wall Street in Manhattan Saturday. The video is blowing up on YouTube, and as the New York Daily News explained, more than 1,000 extras participated.