IBT Staff Reporter

Bad news: Eddie Murphy says Beverly Hills Cop IV isn't happening. Good news: The actor and comedian is working on a TV series adaptation of the Cop movies.

Think the recession was bad? Just wait until Hollywood finishes going digital.

Aided by Modern Family and strong growth in Happy Endings and Revenge -- not to mention the rain postponement of Game 6 of the World Series on rival Fox -- ABC had an overall win in the ratings Wednesday night and enjoyed several series highs, according to preliminary numbers.

Chaz Bono may have been booted off Dancing With the Stars this week, but he will be back on television next month in a second documentary on the Oprah Winfrey Network (OWN) about his life as a transgender man.

Rick Perry said he might skip some debates moving forward. Is that a good idea?

Steven A. Cohen, who built one of the world's biggest and most successful hedge funds, is branching out and plans to set up his own reinsurance firm, two people familiar with the matter said.

Stocks surged 3 percent in a broad rally on Thursday as a long-awaited agreement by European leaders to boost the region's bailout fund promised to remove a major headwind for the market.

'Nextdoor,' a new social network launched today, is less about old friends from high school and more about new friends in the neighborhood.

Stocks surged 3 percent in a broad rally on Thursday as a long-awaited agreement by European leaders to boost the region's bailout fund promised to remove a major headwind for the market.

John Edwards won't get the charges dropped in the campaign finance case against him.

* Women earn 18 percent of computer science degrees

Fiat-Chrysler's third-quarter trading profit was well above forecasts at 851 million euros, with U.S. automaker Chrysler contributing as much as two-thirds of it and helping offset weak European sales.

Regulators are formally investigating whether Avon broke bribery laws overseas, and the cosmetics company said it was again reassessing its strategy after quarterly profit fell far short of expectations.

U.S. stocks surged more than 2 percent on Thursday after European leaders reached a long-awaited agreement to boost the region's bailout fund and struck a deal on Greek bonds, which promised to remove a major headwind for the market.

German drugs and plastics maker Bayer confirmed its full-year outlook and posted better than-expected quarterly earnings on strong growth in emerging markets.

Financial swindler Bernard Madoff said that he is happier in prison than he was on the outside because he no longer lives in fear of being arrested and knows he will die in prison, TV journalist Barbara Walters said on Thursday.

U.S. stocks surged more than 2 percent on Thursday after European leaders reached a long-awaited agreement to boost the region's bailout fund and struck a deal on Greek bonds, which promised to remove a major headwind for the market.

The plan could make the country healthier, but is it realistic?

United Continental Holdings Inc and its rival US Airways Group Inc said on Thursday their quarterly profits were battered by soaring fuel costs, but travel demand appears to be robust despite gathering economic threats.

United Continental Holdings and its rival US Airways Group on Thursday said their quarterly profits were battered by soaring fuel costs, but travel demand appears to be robust, undeterred by gathering economic threats.

Deutsche Boerse AG sought to convince EU regulators to judge its bid for NYSE Euronext by assessing over-the-counter derivatives trading and not only its impact on the smaller exchange-listed market, in its bid to win clearance for the deal.

U.S. regulators are formally investigating whether Avon broke bribery laws overseas, and the cosmetics company said it was again reassessing its strategy after quarterly profit fell far short of expectations.

Canada's murder rate in 2010 fell to a 44-year low of just 1.62 per 100,000 people, official data showed on Wednesday, just a day after the government said it would ease the country's strict gun laws.

Time Warner Cable Inc missed Wall Street forecasts, sending the cable company's shares down as much 10 percent, as it lost more video customers than expected and lost phone customers for the first time.

Italy's biggest trade union pledged on Thursday to fight economic reforms that Prime Minister Silvio Berlusconi presented to euro zone leaders to ease a debt crisis, deepening doubts over whether the ambitious plan can be implemented.

Chemical giant BASF's earnings slipped 4.3 percent in the third quarter on economic uncertainty and cautious spending among its customers.

Stocks surged 2 percent on Thursday after European leaders reached a long-awaited agreement to boost the region's bailout fund and struck a deal with banks and insurers to accept 50 percent losses on Greek bonds.

Exxon Mobil Corp's profit rose 41 percent in the third quarter, as gains in crude oil prices and higher refining margins boosted results while production disappointed.

The secretary of state and former first lady would beat Mitt Romney by 17 percentage points and Rick Perry by 26 percentage points, compared to leads of 3 and 12 percentage points for President Obama, according to a new Time Magazine poll.