IBT Staff Reporter

ABC's Modern Family took the evening's top ratings on Wednesday, while Fox grabbed an overall win for the night based largely on the strength of The X Factor, according to preliminary numbers.

The U.S. economy is not slipping back into recession but will face a long, slow recovery as political gridlock in Washington and Europe make businesses wary of investing, according to General Electric Co's Jeff Immelt and other top executives.

New claims for unemployment benefits rose modestly last week but hovered near levels normally associated with improving labor market conditions, a hopeful sign for the struggling economy.

NBC has canceled the Hank Azaria comedy Free Agents, an individual familiar with the series confirms to TheWrap.

Conan O'Brien popped into his old stomping grounds, Jimmy Fallon's Late Night studio, on Wednesday night, and he wasn't just there to say hello.

The growing anti-Wall Street protests in New York and across the country are an understandable reaction to persistently high unemployment, a top U.S. Federal Reserve official said on Thursday.

Michael Ovitz has left the board of the sports talent agency IMG, TheWrap has learned.

Cross watered down versions of Rocky with Terminator 2 and Transformers and you get Real Steel, a clanking yarn about a man, a boy and their boxing robot.

A Michael Jackson tribute concert will go ahead this weekend in Wales despite squabbling among the late singer's siblings, a backlash from fans, a headline act withdrawing at late notice and tickets still unsold.

The doctor who performed Michael Jackson's autopsy and ruled his death a homicide, Dr. Christopher Rogers, is among the potential witnesses in the eighth day of the Conrad Murray involuntary manslaughter trial today.

British starlet Juno Temple looks set to become Hollywood's hot new export, with four upcoming films set to hit theaters in the next year, including blockbusters The Three Musketeers and The Dark Knight Rises.

Air Traffic Controllers at Cairo airport are causing major slowdowns in protest of promised pay.

News of the death of Apple's iconic leader, Steve Jobs, made it to the International Space Station, where a trio of astronauts are living, working -- and listening to music on iPods.

Steve Jobs is dead, but his legacy will live on for decades to come. Here are the top 5 ways his work changed the world.

Even before he died, Steve Jobs had secured his place in the pantheon of industrial design as one of its most influential figures of the last century.

The release date for a Steve Jobs biography has been pushed up to October 24, according to a spokesman for Simon & Schuster, the publishing house behind the long-awaited book.

Brisk back-to-school shopping benefited many U.S. retailers in September, with strong sales growth at chains from Kohl's Corp to Nordstrom Inc suggesting optimism for the holiday season.

Europe's worsening debt crisis could significantly damage the U.S. economy, Treasury Secretary Timothy Geithner warned on Thursday as he urged Europe to shore up its bailout fund.

The average 30-year fixed mortgage rate fell below 4 percent for the first time in history to 3.94 percent.

President Barack Obama launched a broad onslaught against banks on Thursday, tapping into public anger over rising fees to garner populist support ahead of his 2012 re-election campaign.

The search for Lisa Irwin, the missing 10-month old infant from Kansas City, Mo., has got no leads to follow and has no suspects so far, while her parents desperately pleaded whoever has their daughter to return her.

The whole process is to ensure that compensation is aligned with shareholder interest, Steve Rabitz, an attorney with Stroock & Stroock & Lavan who specializes in executive compensation, told International Business Times. But shareholders sometimes are angered by executive packages they believe are increasingly over-the-top.

Apple co-founder Steve Jobs, who changed the daily habits of millions by reinventing computing, music and mobile phones, died Wednesday at the age of 56.

New claims for unemployment benefits rose less than expected last week, according to a government report on Thursday that hinted at an improvement in labor market conditions.

Iowa health officials told reporters Wednesday that a pregnant woman suffered a miscarriage after contracting listeriosis, a rare yet serious food-borne illness that arose in early September.

The European Central Bank reinstated some of its most potent crisis-fighting tools on Thursday in response to intensifying euro zone troubles, but opted to keep interest rates at 1.5 percent despite some of the bank's policymakers calling for cuts.

Boeing Co on Thursday said it delivered 127 commercial airplanes in the third quarter including 100 of its best-selling 737 narrowbodies and 21 widebody 777s.

A prominent dispute resolution expert has been picked to sort out any problems over evidence in the Obama administration's antitrust lawsuit to block AT&T Inc's purchase of wireless rival T-Mobile USA.

Technology and design admirers flocked to Apple stores worldwide on Thursday to express their sorrow at the death of Steve Jobs, the visionary who transformed the daily lives of millions.