IBT Staff Reporter

Asian stocks rose on Tuesday and European shares looked set to extend gains as strong U.S. consumer spending data soothed some fears that the economy was slipping back into a recession.

Aug 30, 2011

Stock index futures pointed to a weaker open for equities on Wall Street on Tuesday after steep gains in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.2 to 0.3 percent.

Aug 30, 2011

Regular consumption of chocolate may slash the risk of developing heart disease by a third, according to a research published in the British Medical Journal and presented at the European Society of Cardiology's conference in Paris Monday.

Aug 30, 2011

Global stocks rose to their highest levels in nearly two weeks Tuesday, while safe haven assets like the Swiss franc and German Bunds were subdued, encouraged by signs that the U.S. economy may avoid recession.

Aug 30, 2011

Apple’s iPad currently stands undefeated in the tablet market with HP giving up its TouchPad, Samsung’s Galaxy Tab 10.1 stuck in a patent issue, Motorola Xoom and RIM Playbook crawling to catch up. Can the e-commerce giant Amazon pose a threat to iPad by launching its own tablet at a lower price?

Aug 30, 2011

Barcelona began their defence of the Spanish league title with a typically dominating 5-0 win against Villarreal at the Nou Camp.

Aug 30, 2011

Matthew Fox, star of the TV show Lost, was handcuffed by the police in Cleveland when he punched a female party-bus driver who had refused to let him board the private bus, said the police.

Aug 30, 2011

The buzz-heavy 2011 Video Music Awards scored the biggest audience in MTV's history, MTV said Monday.

Aug 30, 2011

Ashton Kutcher has found his source of heartache. Or at least his Two and a Half Men character, Walden Schmidt, has.

Aug 30, 2011

Lest anyone believe that SAG and AFTRA have lost interest in their latest merger go-around, the two labor groups put out an announcement Monday, touting the fact that their respective merger task forces had gotten together over the weekend for a videoconference bi-coastal chit-chat, despite severe storm conditions in New York.

Aug 30, 2011

Fox News scored a legal victory Monday, with U.S. District Court judge deciding in the network's favor in a suit filed by the Equal Employment Opportunity Commission on behalf of Fox reporter Catherine Herridge.

Aug 30, 2011

Legal commentator Nancy Grace, Cher's daughter Chaz Bono and basketball player Ron Artest are among the celebrities taking part in the new season of Dancing with the Stars, the network behind the show said on Monday.

Aug 30, 2011

Singer Janet Jackson said on Monday she would not attend her brother Michael Jackson's tribute concert because it coincides with the trial of the singer's doctor.

Aug 30, 2011

Australia's competition regulator voiced objections on Tuesday to the terms of the proposed split of dominant phone company Telstra Corp, threatening to delay an historic reform designed to wire up the entire nation to high-speed broadband.

Aug 30, 2011

Australia's competition regulator voiced objections on Tuesday to the proposed split of dominant phone company Telstra Corp, threatening to delay an historic reform designed to wire up the entire nation to high-speed broadband.

Aug 30, 2011

The buzz-heavy 2011 Video Music Awards scored the biggest audience in MTV's history, MTV said on Monday.

Aug 30, 2011

Michael Jackson's dermatologist will not testify in the trial of Dr. Conrad Murray, a judge ruled on Monday, in a blow to defense plans to portray the singer as a drug addict who may have given himself the substance that caused his death.

Aug 30, 2011

Maruti Suzuki, India's top car maker, on Monday has halted production at one of its plants in Haryana after it dismissed some workers and asked all others to sign a good conduct bond, a company spokesman said.

Aug 30, 2011

Lehman Brothers Holdings Inc will ask a bankruptcy judge on Tuesday to let creditors vote on its $65 billion payout plan, a key step toward ending the biggest bankruptcy in U.S. history.

Aug 30, 2011

The rupee should strengthen for a second day on Tuesday tracking regional sharemarkets that rose on the back of a slew of positive news across the euro zone and the United States.

Aug 30, 2011

Singer Janet Jackson said Monday she would not attend her brother Michael Jackson's tribute concert because it coincides with the trial of the singer's doctor.

Aug 30, 2011

Gold regained strength on Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in the previous session, but higher equities and easing worries about recession in the United States could limit gains.

Aug 30, 2011

India's economy probably grew an annual 7.6 percent in the quarter through June, slowing from the previous quarter's 7.8 percent growth, the median forecast from a poll of 28 economists showed

Aug 30, 2011

Innkeepers USA Trust sued Cerberus Capital Management LP and Chatham Lodging Trust over their decision to call off their $1.12 billion purchase out of bankruptcy of 64 of its hotels.

Aug 29, 2011

Hong Kong-listed shares of China Construction Bank Corp, the world's No.2 lender, rose more than 4 percent on Tuesday after news that Bank of America Corp will sell about half of its stake in the Chinese lender.

Aug 29, 2011

Hong Kong-listed shares of China Construction Bank Corp, the world's No.2 lender, rose more than 4 percent on Tuesday after news that Bank of America Corp will sell about half of its stake in the Chinese lender.

Aug 29, 2011

A compact, suitcase-size nuclear power plant could one day generate electricity for manned or unmanned bases on the moon, Mars, or other planets, a U.S. research team says.

Aug 29, 2011

The FDIC and more than three dozen other investors on Monday lodged objections to Bank of America Corp's $8.5 billion settlement of claims over losses on mortgage-backed securities, joining a growing list of investors and regulators that are challenging the accord.

Aug 29, 2011

Los Angeles wholesale gasoline differentials fell 15 cents per gallon Monday on news that production at Exxon Mobil's (XOM.N) 149,500 barrel per day (bpd) Los Angeles-area refinery in Torrance, California, was unaffected by a malfunction on Thursday night, traders said.

Aug 29, 2011