IBT Staff Reporter

Groupon's Chinese daily deals business Gaopeng said on Monday it had sold counterfeit luxury watches by accident and will compensate its irate buyers in its latest struggle in expanding in the potentially lucrative market.

Tired of overspending? Confused about where all the money is going? A new iPad app aims to help users manage their finances.

Stock index futures pointed to a sharply lower open for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 1.2 to 1.3 percent.

Stock index futures pointed to a sharply lower open for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 1.2 to 1.3 percent.

CME Group and IntercontinentalExchange Inc moved over the weekend to limit the fallout from the MF Global Holdings Ltd bankruptcy on futures markets by lowering margin requirements on some accounts.

Olympus Corp's ousted CEO Michael Woodford said he will meet in London next week with a member of the third-party panel probing past M&A deals at the endoscope maker.

Lionel Messi was Barcelona's savior as he scored in injury time to salvage a draw at Athletic Bilbao in the Spanish Primera Division on Sunday.

Asian shares struggled and credit markets weakened on Monday, with investors still nervous despite the agreement on formation of a new Greek unity government intent on avoiding imminent debt default.

Real Madrid went three points clear at the top of the La Liga table with a 7-1 thrashing at home over Osasuna before Barcelona were held at Athletic Bilbao 2-2.

Tower Heist director Brett Ratner told TheWrap on Sunday that he's in talks with comedian Eddie Murphy for yet another new project.

Since Reliance Entertainment stormed Hollywood with hundreds of millions of dollars in cash three years ago, the Indian media conglomerate has seen precious little for its investments, with no movies released as a result of development deals and DreamWorks thus far struggling at the box office.

The natural inclination is to compare AMC's new Western, Hell on Wheels, to Deadwood, so let's address that up front: Hell on Wheels is no Deadwood.

David Beckham and Robbie Keane helped LA Galaxy beat Real Salt Lake 3-1 in the Western Conference championship game on Sunday, setting up a league-deciding MLS Cup clash against Houston Dynamo.

This was supposed to be a weekend when ground zero for Southern California movie lovers was Hollywood, site of the AFI Fest.

China's yuan exchange rate is within a basically reasonable level, and it is not the root cause of the China-U.S. trade imbalance, Commerce Minister Chen Deming said in remarks published on Monday.

Bank of America Corp is considering further reducing its stake in China Construction Bank Corp, a newspaper reported said on Monday, after the bank cut its holding by half in August.

Lady Gaga stole the show at the MTV Europe Music Awards in Belfast Sunday, scooping four prizes and going one better than 2010 when she also led the field with three.

Australian explosives maker Orica Ltd is optimistic that 2012 will be less challenging than the year just-ended, with strong explosives demand from miners, a milder headwind from currency moves and fewer one-off problems.

CME Group said it was changing its margin requirements for customers of collapsed brokerage MF Global Holdings Ltd , cutting the size of any margin calls when positions are transferred to another brokerage.

Tokyo Stock Exchange and Osaka Securities Exchange <8697.OS> are in the final stages of talks to merge with the aim of combining forces in the autumn of 2012, the Nikkei newspaper reported on Monday.

Fast Retailing Co <9983.T>, Asia's largest clothing chain, is interested in buying a larger rival in the United States or Europe, as a stronger yen has boosted the Japanese company's purchasing power, Bloomberg said on Sunday.

Wall Street may find it hard to rally this week as Greece's new and untested coalition begins the process of ratifying a 130 billion-euro lifeline and the fate of Italy's government hangs by a thread.

Clint Eastwood's J. Edgar is no longer stamped Top Secret.

It's the media's fault.

Animated film Puss in Boots held on to the domestic box office crown with a surprisingly strong second weekend performance that beat new Eddie Murphy comedy Tower Heist.

Controversial director Lars von Trier's apocalyptic drama Melancholia leads all films at the 2011 European Film Awards, where it will compete for the top prize with Michel Hazanavicius's black-and-white silent film The Artist, the Dardenne brothers' The Kid With a Bike, Aki Kaurismaki''s Le Havre and two past Oscar winners, Susanne Bier's Best Foreign-Language Film winner In a Better World and Tom Hooper's Best Picture champ The Ki...

BP's $7 billion deal to sell its stake in South America's Pan American Energy has collapsed because of legal issues, the would-be Chinese and Argentine buyers said on Sunday.

It may take a breakthrough treatment for Alzheimer's disease to match the $130 billion lifetime sales record of Pfizer's Lipitor, the cholesterol fighter that wrote its own chapter in pharmaceutical history.

After another week of confusion and turmoil in Europe, investors are ditching whatever hopes they once had for a conclusive solution to the debt crisis.