IBT Staff Reporter

Exxon Mobil Corp and Rosneft signed an agreement to extract oil and gas from the Russian Arctic, in the most significant U.S.-Russian corporate deal since U.S. President Barack Obama began a push to improve ties.

Forget the struggling economy. There's one U.S. industry -- Big Politics -- that is looking ahead to a record year in 2012.

Washington Nationals pitcher Stephen Strasburg, who dazzled fans in 2010 until injury ended his rookie campaign, is expected to make his first start in over a year next week, the team said on Tuesday.

The last of the reigning women's grand slam champions was shown the door at the U.S. Open Tuesday when error-prone French Open winner Li Na succumbed to unseeded Romanian teenager Simona Halep 6-2 7-5.

Given his genes and his famous name, the urge to jump the net must have been almost irresistible for the young man who just won his first grand slam match at the U.S. Open on Tuesday.

Caroline Wozniacki cruised into the second round of the U.S. Open Tuesday with a 6-3 6-1 demolition of Spaniard Nuria Llagostera Vives, sending a signal that the world's top-ranked player may be ready to claim her first grand-slam victory.

Barnes & Noble Inc forecast sales of its Nook e-reader and e-books would more than double this fiscal year to $1.8 billion and said book sales would get a lift from the demise of rival Borders, sending its shares up 8 percent

George Clooney kicks off the 2011 Venice film festival on Wednesday with the world premiere of his political drama The Ides of March, setting the tone for a star-studded 11 days on the Lido waterfront.

Actress and environmental activist Daryl Hannah was briefly arrested outside the White House on Tuesday during a protest against a proposed $7 billion oil pipeline, police said.

Lucas Brody was just 10 years-old when he watched the Twin Towers fall to the ground one block from his New York home on September 11, 2001; Caitlin Langone was 12 when her police officer dad died that day trying to rescue people from the scene.

Angelina Jolie has dismissed ongoing speculation about marriage and more kids with her partner Brad Pitt, telling Vanity Fair in an interview published on Tuesday that there are no secret wedding plans.

An unprecedented evacuation of the International Space Station could occur if Russian spacecraft do not return by November, a senior NASA official said. There is a greater risk of losing the ISS when it's unmanned than if it were manned, ISS program manager Michael Suffredini said in a conference call.

Billionaire investor Carl Icahn said on Tuesday his nominees for Clorox Co's board would try to sell the bleach maker if elected, with him backstopping an auction with a $10.26 billion bid.

The Bank of Italy warned on Tuesday that government plans to cut debt were at risk from weak growth as a lukewarm bond sale threatened to drag the euro zone's third-biggest economy back to the center of the debt crisis.

eBay Inc expects sales from greater China to grow 30-40 percent annually from about $4 billion in 2010, with the e-commerce giant seeking acquisition opportunities as part of efforts to expand its footprint in the fast-growing market.

Pockets of the fixed income and money markets are starting to reflect concern that recent volatility will extend past August, and that growing risk aversion may again roil banks and funding markets.

The U.S. Federal Reserve considered a range of actions to help a struggling economy at its August meeting, including the unprecedented step of tying the interest rate policy outlook to a specific unemployment level.

An adult actor who contracted HIV through unprotected sex shut down Los Angeles' adult film industry Monday night. An involuntary sexual health database was established less than a month ago in order to curtail the spread of sexually transmitted disease within the notoriously promiscuous community.

Creditors of Lehman Brothers Holdings Inc were granted approval on Tuesday to vote on the failed bank's $65 billion payback plan, clearing a major hurdle in the path to ending the biggest bankruptcy in U.S. history.

Warrior may have a hot young rising star in Tom Hardy, but Lionsgate knows that for the UFC drama to be a hit it will need strong word of mouth support.

Consumer confidence plunged in August to its lowest since the 2007-2009 recession, after a bruising battle over the budget slammed stock prices and pushed the nation to the brink of default.

Google Inc's board of directors faces a lawsuit for previously allowing Canadian pharmacies to advertise prescription drugs to U.S. customers via the Web search leader.

The real-life pursuits of the Hollywood star stand in stark contrast to one of her most enduring characters on the silver screen: the decidedly pro-business Darien Taylor in the movie “Wall Street.”

Nuclear energy could find a second life on the moon and Mars.

by Andrea JohnsonNEW YORK, Aug 30 - US insurer USAA Capital Corp on Tuesday sold $250 million of 3-year medium-term notes at the lowest ever coupon for an insurer and for a Financial Institutions Group deal, according to Thomson Reuters/IFR data.

The former finance chief of Beazer Homes USA has agreed to reimburse the company for over $1.4 million that he earned in bonus payments and stock sale profits when the Atlanta-based homebuilder was committing accounting fraud, the SEC announced on Tuesday.

A judge on Tuesday gave creditors of Lehman Brothers Holdings Inc the green light to vote on the failed bank's $65 billion payback proposal, clearing a major hurdle in Lehman's path toward ending the biggest bankruptcy in U.S. history.

Content delivery network provider Limelight Networks Inc sold its EyeWonder rich media advertising unit to DG Fastchannel Inc for about $66 million in cash, sending its shares up 8 percent in pre-market trading.

Texas Governor Rick Perry continues to win over supporters that Michele Bachmann's needs to court.