IBT Staff Reporter

Kraft Foods Inc reported higher quarterly profit and raised its full-year outlook on Wednesday, citing strong sales momentum.

Video game maker THQ Inc posted a bigger loss than a year earlier but its quarterly sales beat Wall Street expectations as its Warhammer shooter title performed well in September.

Nintendo Co has won a preliminary ruling that it did not infringe two patents owned by a tiny company called Motiva LLC in making its popular Wii, according to an initial ruling issued on Wednesday.

MasterCard Inc reported sharply higher third-quarter profit on Wednesday, easily beating Wall Street estimates on double-digit increases in volumes.

Despite a tumultuous several months for News Corporation, the company's financial picture for the first quarter beat analyst estimates.

Stocks rebounded from two days of sharp losses on Wednesday after the Federal Reserve said it is prepared to do more for the economy if conditions warrant, helping to stanch the panicky reaction to Europe's debt crisis.

Three NASA scientists have been given the go ahead to work on the science fiction invention. Tractor beams will we used to collect interstellar particles but is light years away from .

A lot of parents keep their under-aged kids off Facebook, but some still encourage and help their 12-year-olds create accounts. A new study surveying parents found that more than half (55 percent) of them were aware of their 12-year-old's accounts.

RockStar Entertainment released the trailer for the new 'Grand Theft Auto V.' Though it is pretty it still doesn't tell us much about the game's story or gameplay it seems to be set in Los Santos from Grand Theft Auto: San Andreas.

Groupon Inc could price shares in its initial public offering $1 or $2 above the current range of $16 to $18 per share, according to two investors who said they spoke with the lead underwriters on Wednesday.

Below are highlights from Federal Reserve Chairman Ben Bernanke's news conference following the Fed's policy meeting on Wednesday.

Germany and France pressed Greece on Wednesday to make up its mind fast whether it wants to stay in the euro zone after a shock decision to call a referendum on an EU/IMF bailout caused panic on global markets.

Store chains use Facebook pages to reach out to customers, but when customers reach back with complaints, many go unanswered, a new study shows.

The Federal Reserve on Wednesday slashed its forecast for growth, raised projections for unemployment and said it was mulling the possibility of buying more mortgage debt to spur a struggling recovery.

News Corp reported a better-than-expected quarterly profit because of cable television and Fox broadcast network fees, even as the family-controlled company grapples with questions of who will lead it once Rupert Murdoch steps aside.

In God We Trust was officially reaffirmed as the official national motto of the United States on Wednesday by the House of Representatives. Why did the Republicans bring this vote up now, and was it a good idea?

Hospital association says strikes harm patients.

Private employers added more jobs than expected last month, though the lack of robust labor market growth reinforced the Federal Reserve's view that economic progress will likely be frustratingly slow.

Stocks rebounded from two days of sharp losses on Wednesday after the Federal Reserve said it is prepared to do more for the economy if conditions warrant, helping to stanch the panicky reaction to Europe's debt crisis.

A small Spanish tablet maker has won a patent infringement battle with Apple Inc in a rare victory against the U.S. company in its global defense of markets for its iPads, a court document showed on Wednesday.

U.S. regulators started raising concerns about MF Global's European sovereign debt exposure as early as June, according to a source familiar with the matter, four months before the company's collapse into bankruptcy.

Smaller chipmakers warned of tough times ahead for the sector as macroeconomic uncertainties squeeze customer spending, echoing sentiments expressed by larger rivals such as Texas Instruments last month.

He can seduce Marilyn Monroe, but can he sing?

Noomi Rapace will re-team with Niels Arden Oplev, the Danish director who guided her career-making performance as the prickly hacker at the center of The Girl with the Dragon Tattoo.

This year's American Film Market kicks off in Santa Monica Wednesday with 10 percent more buyers than last year and 415 films up for grabs.

Russell Armstrong appeared on screen for the first time in the second season of Bravo's Real Housewives of Beverly Hills Monday. And you'd have to say the late businessman was portrayed in a negative light.

For nearly two decades, Jerry Weintraub was one of the biggest powers in management. He managed Elvis Presley, Frank Sinatra, Bob Dylan, Led Zeppelin and Bob Denver. In the '80s he produced such hits as Nashville, Diner and The Karate Kid. Most recently he handled the Ocean's Eleven franchise.

For nearly two decades, Jerry Weintraub was one of the biggest powers in management. He managed Elvis Presley, Frank Sinatra, Bob Dylan, Led Zeppelin and Bob Denver. In the '80s he produced such hits as Nashville, Diner and The Karate Kid. Most recently he handled the Ocean's Eleven franchise.

Florence Welch may be indulging in her own ceremonial celebration on Tuesday after critics praised her widely-anticipated new album, Ceremonials.