IBT Staff Reporter

ECB Governing Council member Jens Weidmann, an opponent of the bank's bond-buying program, told Germany's Spiegel magazine the ECB had burdened itself with considerable risk and it was wrong to abandon established principles of monetary policy.

The internal watchdog at the Securities and Exchange Commission has concluded that the accusations of investigative misconduct against the enforcement division by Dallas Mavericks basketball team owner Mark Cuban have no merit, according to a person familiar with the matter.

EU finance ministers broke no new ground in dealing with the euro zone debt crisis in discussions over the weekend, instead absorbing some ideas and rejecting others and taking stock of progress on agreed steps.

General Motors Co and the United Auto Workers union reached a proposed contract for about 48,500 production workers that would create new U.S. factory jobs and include profit-sharing bonuses.

EU finance ministers agreed on Saturday that European banks must be strengthened in the follow-up to July stress tests as a report said a systemic crisis in sovereign debt now threatened a new credit crunch.

Occupy Wall Street is readying its protesters to camp in on Wall Street starting Saturday, for as long as their passion lasts.

Michele Bachmann has made more factual gaffes than any of the other Republican presidential candidates, according to PolitiFact.com, a nonpartisan Web site that vets public officials' statements.

Wall Street, starting today, will look different for a while, as long as Occupy Wall Street protesters can keep up with their passion to unite for one demand.

Arsenal's revival was put to an end by bottom-of-the-table Blackburn Rovers after the home team secured a 4-3 win at Ewood Park.

EU officials sought to dispel fears about a bank lending freeze on Saturday, despite a stark warning from senior aides that a systemic crisis in sovereign debt now threatened a new credit crunch.

A moved Jean-Claude Trichet neared the end of 24 years of policymaking on Saturday after attending his last informal meeting of European finance ministers as head of the European Central Bank.

UBS is still committed to its investment bank, under fire after one of its London traders was charged over a $2 billion loss, the bank's Chairman Kaspar Villiger told a Swiss newspaper.

Arsenal will travel north to Blackburn for Saturday's early kick-off, in a bid to continue their recent revival after a torrid start to the season.

Findings of the second major investigation by the U.S. government into the 2010 Gulf of Mexico oil spill, may press BP into putting over $30 billion on the table to quickly settle its outstanding legal headaches.

General Motors Co and the United Auto Workers union negotiated into the night Friday to hammer out a new contract for 49,000 production workers in the first talks since the top U.S. automaker was saved by a government bailout.

Lehman Brothers Holdings Inc said in a statement that it reached a tentative agreement with its largest foreign affiliate Lehman Brothers International Europe , related to claims between the two.

General Motors Co and the United Auto Workers union on Friday reached a proposed contract for almost 49,000 production workers that both sides said would create new U.S. factory jobs and include profit-sharing bonuses.

Global equities rose for a fourth straight day on Friday, but the euro slid as hope Europe was finally getting a grip on the region's debt crisis was offset by lingering fears Greece is still at risk of default.

The Emmy Award-winning TV comedy-musical series 'Glee' has the intense and brazen Sue Sylvester and her diabolical schemes to keep its plots fresh and interesting. Actress Jane Lynch who plays Sue, the track-suited sports coach who delights in making students' lives a living hell, is on the October 2011 issue of 'The Advocate' magazine.

The troubles at Yahoo Inc are proving to be a headache for AOL, that other deeply challenged Internet company trying to turn around its fortunes.

Moody's Investors Service on Friday said it would finish reviewing Italy's Aa2 sovereign currency credit rating for possible downgrade within the next month, adding Italy faces a challenging economic and financial environment.

A plane crash at an air show just outside of Reno, Nev., has caused mass casualties, officials are reporting. Witnesses described a horrific scene, with blood everywhere and people cut in half.

A team of astronomers may have answered one of the long-held mysteries in the universe - why some stars have companions while others are singles.

The troubles at Yahoo Inc are proving to be a headache for AOL, that other deeply challenged Internet company trying to turn around its fortunes.

Swiss drugmaker Roche has halted deliveries of drugs to some state-owned Greek hospitals, the Wall Street Journal reported the company's chief executive as saying.

Hollywood did a bit better than the rest of California last month. The state's unemployment rate ticked up from 12 percent to 12.1 percent, with about 8,400 jobs lost during August, according to new U.S. Bureau of Labor statistics.

Stocks rose for a fifth day in a row on Friday and the S&P 500 scored its best week since early July on signs euro zone leaders were acting together to limit any damage from its sovereign debt crisis.

Countrywide Financial's lawsuit losses could compel parent Bank of America Corp to put up the unit on the bankruptcy block, Bloomberg reported citing four people with knowledge of the firm's strategy.

Director Gary Ross has finished principal photography on Lionsgate's highly anticipated movie, The Hunger Games, the studio announced on Thursday.