IBT Staff Reporter

The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation.

The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation.

Europe's most indebted nations are under heavy pressure from their richer neighbors to sort out their finances, but they are unlikely to mimic the impoverished gentlefolk of old by selling off the family silver -- or in their case, gold -- to do so.

China's top search engine Baidu Inc launched a new mobile application system on Friday, seeking to bolster its presence in the mobile web as competitors including Alibaba Group increase their mobile offerings.

China's Communist Party control is at risk unless the government takes firmer steps to stop Internet opinion being shaped by increasingly organized political foes, a team of party writers warned in a commentary published on Friday.

U.S. drugmaker Eli Lilly & Co is in talks to form a partnership with, and potentially invest in, Turkish generic-drug company Mustafa Nevzat Ilac Sanayii AS , the Wall Street Journal reported, citing people familiar with the matter.

Nobody on the road, nobody on the beach; you can feel it at the box office, the summer's out of reach.

The parents of a Southern California man who accuse police of killing their son with a Taser after he honked at a patrol car have sued the sheriff's department and county.

Five patients being treated for eye disease were blinded after being injected with Roche Holding AG's Avastin at the Los Angeles Veterans Affairs medical center, according to the New York Times.

Citigroup Inc has hired Deutsche Bank AG's David Murphy as head of its prime finance unit in Asia-Pacific, according to an internal memo seen by Reuters, as part of an plan to gain market share in the fiercely competitive industry.

The problems of liquidity and confidence in Europe are not as severe as during post-Lehman crash, but are heading in that direction, ECB Governing Council member Luc Coene said in an interview published on Friday.

David Cameron has pledged the continuance of the combined UN and Nato operation against Libya, to prevent a pariah state on the borders of Europe.

China's top search engine Baidu Inc on Friday launched its new mobile application system, Baidu Yi, it said in a statement.

New Japanese Prime Minister Yoshihiko Noda picked a relatively lightweight lawmaker as finance minister on Friday, signaling the fiscally conservative leader intends to call the shots on key economic policies himself.

Italian employers' group Confindustria slammed the government's austerity plan as weak and inadequate on Thursday and expressed concern about how Italy's economic problems are being handled.

The Justice Department made a bold move when it sued to block AT&T Inc's $39 billion acquisition of T-Mobile. Now comes the hard part: going to court.

Sagging consumer confidence probably discouraged already skittish U.S. businesses from stepping up hiring in August, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.

Sagging consumer confidence probably discouraged already skittish U.S. businesses from stepping up hiring in August, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.

New Japanese Prime Minister Yoshihiko Noda picked a relatively inexperienced lawmaker as finance minister on Friday, signaling the fiscally conservative leader will call the shots on key economic policies.

Jun Azumi, a former parliamentary affairs chief for the ruling Democratic Party, will become Japan's new finance minister, local media said, after new Prime Minister Yoshihiko Noda's first choice for the job reportedly turned it down.

Italian employers' group Confindustria slammed the government's austerity plan as weak and inadequate on Thursday and expressed concern about how Italy's economic problems are being handled.

Kiss frontman Gene Simmons will marry his girlfriend of 28 years, the actress and former Playmate Shannon Tweed, in an October ceremony, his representative said on Thursday.

Cher has slammed the stupid bigots who have attacked the casting of her transgender son Chaz on TV show Dancing with the Stars, and called on her fans to flood social media websites with messages of support.

Greece will miss its budget deficit target this year, the government and its international lenders said on Thursday, but they disagreed on how big the fiscal derailment will be and what is to blame.

Singer Marc Anthony on Thursday denied rumors that secret affairs with other women broke apart his marriage to American Idol superstar Jennifer Lopez earlier this year.

Elvis Presley's estate is turning to a litigation-finance firm to sue Arista Music in Germany for unpaid royalties from ringtones, downloads and apps that feature the icon's hit songs.

Michael Arrington, one of the highest-profile U.S. technology bloggers, has created a venture capital fund to invest in promising start-ups.

Jun Azumi, a former parliamentary affairs chief for the ruling Democratic Party, will become Japan's new finance minister, Fuji TV reported, after new Prime Minister Yoshihiko Noda's first choice for the job reportedly turned it down.

Sony's new tablet computers failed to excite gadget reviewers and analysts who criticized the pricing and quality of the devices, underscoring the battle Sony faces regaining its consumer electronics crown.