IBT Staff Reporter

The European Central Bank will reintroduce its 12-month liquidity operations to help banks with longer-term fundraising and to reduce jitters in the markets, policymakers indicated on Friday.

Stocks edged higher on Friday on talk the European Central Bank could add liquidity to stabilize the region's banking system, but continued fears about a global recession kept markets choppy.

A suspected member of the clandestine hacking group LulzSec was arrested in Arizona on Thursday on charges of taking part in an extensive computer breach of the Sony Pictures Entertainment film studio, the FBI said.

A federal appeals court threw out on Friday an antitrust class-action lawsuit accusing seven companies of engaging in a global conspiracy to raise the price of potash, a mineral used mainly in fertilizer.

Europe's banks could face a capital shortfall of hundreds of billions of euros if Greece forces them to slash the value of its debt by 50 percent and other troubled euro zone countries like Italy and Ireland follow suit.

U.S. border police shot and wounded a man who brandished a replica pistol after being detained for barging through a border crossing from Tijuana, Mexico to San Diego, California, authorities said on Friday.

Dunkin' Brands Group Inc said on Friday that Neal Yanofsky is leaving after just four months as its international president.

It was hardly rock 'n' roll, but Paul McCartney's debut into the world of ballet with an orchestral score and tale of love set in a royal undersea court premiered at a gala event to stars, music and ballet lovers at a warm reception held on Thursday.

New TV talent show The X Factor was hit with a formal indecency complaint on Friday for broadcasting an audition by a man who twice dropped his pants, and was allowed to carry on singing.

Troy Lange knows that just mentioning cellphones is enough to give security officers heartburn at the National Security Agency.

24 actor Kiefer Sutherland is set to return to television early next year in a new program from Heroes creator Tim Kring that will air on Fox, the network said on Thursday.

The Black Eyed Peas and Jennifer Hudson have joined the line-up of a controversial Michael Jackson tribute concert in Britain.

Thomson Reuters said it has agreed to sell its trade and risk management software business, which includes flagship product Kondor, to private equity firm Vista Equity Partners.

A look back at one of the biggest moments in NFL history: Mo Lewis' crippling hit on Drew Bledsoe, which made way for the Tom Brady era.

KB Home , the fifth-largest homebuilder, saw a 40 percent jump in quarterly orders, suggesting a possible recovery in the housing market after a slump that has lasted half a decade.

Stocks edged higher on Friday on talk the European Central Bank might add liquidity to shore up the region's vulnerable banking system but persisting worries about a global recession kept markets volatile.

Boeing Co's 787 Dreamliner, the world's first commercial airplane made largely of lightweight composite materials, is set for first delivery to a customer next week, the pinnacle achievement in the life of one of Boeing's most challenging airplane programs.

Hewlett-Packard Co named former eBay Inc Chief Executive Meg Whitman its president and CEO, replacing the harshly criticized Leo Apotheker in a bid to restore investor confidence in the iconic Silicon Valley company.

Finnish data security firm Codenomicon says software faults in Bluetooth devices are becoming easier to exploit, putting users at risk.

The following are highlights of comments by finance ministers and central bankers in Washington this week for meetings of the Group of 20 and the semiannual meetings of the International Monetary Fund and World Bank.

Central banks in Asia and Latin America redoubled efforts to defend their currencies this week as fears of slower global growth spurred investors to pull money out of emerging markets.

Stocks edged higher on Friday on talk the European Central Bank might add liquidity to shore up the region's vulnerable banking system but persisting worries about a global recession kept markets volatile.

The cost to insure U.S. bank debt rose on Friday and Bank of America's debt protection costs rose over their record closing levels on increasing concern with bank funding costs and the prospect of declining profits if the economy tips back into recession.

Latvia's lesson for Greece is that harsh austerity is unavoidable to remedy years of over-indulgence but the vast social differences between the two countries suggest it may be lost on ordinary Greeks.

Specialty retailers are much better equipped for a downturn than three years ago and would see meaningfully less volatility, if fears of another recession turn into reality, UBS said, resuming coverage of the sector.

A source has confirmed to International Business Times that the Metro Transit Authority (MTA) will be partnering with AT&T and T-Mobile to provide cell phone coverage at the platforms of certain subway stations.

Online retail giant Amazon.com Inc won another round in the patent fight over its one-click purchasing system as an appeals court ruled on Friday that it did not infringe technology patented by Cordance Corp.

U.S. Rep. Michele Bachmann, R-Minn., said during Thursday's Republican presidential debate that President Obama has the lowest public approval ratings of any president in modern times. But actually, every president since John F. Kennedy polled lower at least once.

Europe's banks face a capital hole of at least 200 billion euros ($269 billion) if Greece forces them to slash the value of its debt and other troubled euro-zone countries like Italy and Ireland follow suit.