IBT Staff Reporter

Hedge funds, betting on global markets and driven by computer models, were among those hardest hit by Switzerland's shock intervention on Tuesday to reverse profitable bets on the Swiss franc's safe-haven status.

Yahoo Inc Chief Executive Carol Bartz was fired by the company's board, sources familiar with situation told Reuters on Tuesday.

Penguins captain Sidney Crosby is expected to discuss the likely timing of his return from concussion at a news conference in Pittsburgh on Wednesday.

Michael Jackson's former doctor faces a tough challenge clearing himself of involuntary manslaughter charges in the pop star's death as his trial, which promises to avoid many dark aspects of Jackson's life, begins with jury selection due this week.

Ontario's governing Liberals have narrowed what was a yawning gap with their main rivals ahead of October's provincial election, giving them momentum as the campaign officially starts.

Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous two-year tenure marked by stagnating growth and a rift with Chinese partner Alibaba.

Rogers Communications is applying to Canadian authorities to open its own banking unit, enabling the telecommunications company to offer its own credit cards.

ConocoPhillips will divulge more details on Wednesday about its plan to split in two and analysts say the focus will likely be on its chemical joint venture, Canadian oil sands assets and pipelines.

Sprint Nextel sued to stop AT&T Inc's $39 billion purchase of T-Mobile USA, staking out its own private antitrust claims alongside the government's challenge to the deal.

Bank of America Corp said its consumer banking chief, Joe Price, and wealth management head, Sallie Krawcheck, will leave the company as part of a broad management reorganization.

EBay Inc hired former Thomson Reuters Corp executive Devin Wenig as president of its global marketplaces unit, the online commerce and auction site's largest division.

If Dr. Gregory House, M.D. got put to work figuring out what doesn't quite gel about actor Hugh Laurie's debut album, Let Them Talk, he'd run through a checklist trying to get at the core malady.

The family of Amy Winehouse will give their first major television interview since the British singer's death in June to American journalist Anderson Cooper for the September 12 launch of his new TV program.

Buddy Holly never lived to see his 23rd birthday, but that isn't stopping anyone from celebrating his 75th this week, with the rather belated installation of a star on Hollywood Boulevard and the release of yet another all-star tribute. Maybe now he'll finally be recognized by the youth of America for something other than stealing Elvis Costello's look, right?

Former Marvel executive Doug Finberg has joined MGM as executive VP of marketing, the studio announced Tuesday.

George Strait named his 39th studio album Here for a Good Time, after the hit single that preceded it. But, oddly enough for a collection with that title, it's the bad times that work best.

Black box computer hedge funds and managers who bet on global markets were likely among those hardest hit by Switzerland's shock intervention on Tuesday to reverse profitable bets on the Swiss franc's safe haven status.

Darden Restaurants Inc (DRI.N), parent of Red Lobster and Olive Garden, warned that Hurricane Irene dented earnings in its fiscal first quarter, and its shares fell almost 5 percent in after-hours trading.

Chaz Bono Tuesday brushed off critics of his inclusion on Dancing with the Stars, saying TV viewers would not catch gender disorders by watching him dance as a transgender man.

Former William Morris Endeavor board member John Fogelman has launched the new FactoryMade Ventures, with Lost producer J.J. Abrams as the company's principal investor, FactoryMade announced on Tuesday.

The culinary-driven outbursts of Gordon Ramsay helped Fox win the night Monday -- not that the end of the Labor Day weekend offered much competition in terms of original programming.

On September 11, 2001, when I was driving, I received a message from my friend, Heather Mac Rae: Sorry to hear about Berry Berenson, but she was in one of the planes that crashed into the trade towers.

A brush fire ignited by a fatal small-plane crash in Southern California has destroyed 12 homes and forced the evacuation of hundreds of others, leaving over 13,000 acres charred on Tuesday as it flared out of control for a third day.

Perhaps Anthony Michael Hall was attempting to re-assert his status as a member of the Brat Pack over Labor Day weekend.

The tragedy-marred Real Housewives of Beverly Hills reality show went ahead with a 'life must go on' attitude Monday night, but the newly-edited version left an uncomfortable taste in the mouth of many TV viewers and critics.

Michael Jackson's former doctor faces a tough challenge clearing himself of involuntary manslaughter charges in the pop star's death as his trial, which promises to avoid many dark aspects of Jackson's life, begins with jury selection due this week.

Groupon is going to wait at least a couple of weeks before launching the final phase of its initial public offering because regulators still have questions for the daily deals website and the stock market is too volatile, a person familiar with the situation said on Tuesday.

Fiat SpA Chief Executive Sergio Marchionne has been named chairman of the Chrysler Group LLC, the company said on Tuesday, further cementing Fiat's control of the U.S. automaker it has steered since 2009.

Groupon has put its IPO on hold for at least a few weeks, hoping to ride out global market turmoil while dealing with regulatory questions surrounding its highly anticipated public float, two sources with knowledge of the deal said.