IBT Staff Reporter

German group Porsche is planning to develop a sportscar that would compete directly with the more exclusive Ferrari brand, its chief executive said.

Samsung Electronics Co said on Monday it would delay the launch of its latest Galaxy tablet computer in Australia until after a court ruling in late September on its ongoing global patent dispute with Apple.

When Selena Gomez least expected it, her boyfriend, Justin Bieber planted a kiss on her cheek at MTV's Video Music Awards.

Flat-screen maker LG Display will slash next year's capital spending by a quarter as booming sales of mobile devices from iPads to Android smartphones saps demand for TV panels, its main source of earnings.

Flat-screen maker LG Display will slash next year's capital spending by a quarter as booming sales of mobile devices from iPads to Android smartphones saps demand for TV panels, its main source of earnings.

Before Manchester United shattered Arsenal, another London side, Spurs, got mauled by the blue half of Manchester.

Switzerland's banking industry may have to slash 10,000 jobs by the end of next year, particularly at Swiss subsidiaries of big foreign banks, Swiss newspaper SonntagsZeitung reported.

A Pakistani court ordered the confiscation of exiled former president Pervez Musharraf's property and the freezing of his Pakistan bank accounts over accusations that he failed to provide security for assassinated former prime minister Benazir Bhutto, a lawyer said on Sunday.

Sipping coconut water and honey, Anna Hazare ended a hunger strike on its 13th day on Sunday, a protest that had sparked huge rallies across the country, exposed a weak government and ushered in a new middle-class political force.

Despite the fragile state Arsenal find themselves in, not many expected such a thrashing at the hands of Manchester United in Old Trafford.

Singer Beyonce Knowles chose Sunday's MTV Video Music Awards to announce that she's pregnant.

Samsung Electronics Co said on Monday it would launch a mobile instant messaging tool in its latest push to attract more consumers to its handsets and challenge rivals such as Apple and BlackBerry maker Research in Motion.

Wells Fargo & Co, JPMorgan Chase & Co and Lone Star Funds were the winners of the $9.5 billion pool of U.S. commercial real estate loan sold by failed lender Anglo Irish Bank Corp, two sources familiar with the deal said.

Concern over climate change has taken a back seat to economic concerns in developed nations, a recent poll indicates.

Hiring by U.S. small businesses slowed in August and employers reduced hours, an independent survey showed on Sunday, suggesting the recent stock market turmoil may have dampened job creation.

The MTV Video Music Awards are as known for their theatrics as the music. More than an award show, the night presents wacky moments, weird fashion, and unforgettable performances, whether for good reasons or ill.

Gomez began the show very professionally, interviewing stars like BFF Demi Lovato and Jessie J. Finally, uberpopular beau Justin Bieber came on the scene in red pants, cheetah shoes, and a snake named Johnson.

Like a skilled poker player, Federal Reserve Chairman Ben Bernanke kept some cards close to his vest when facing fellow central bankers in cowboy country.

The heads of the U.S. Federal Reserve, IMF and OECD stepped up pressure on political leaders on both sides of the Atlantic to shake off their inertia and tackle urgent economic problems.

Sino-Forest, a Chinese forestry company accused of fraud, said on Sunday Allen Chan had resigned as chairman and CEO and that it placed three senior employees on administrative leave, due to information uncovered in an ongoing internal review.

Hurricane Irene surged through New York City on Sunday flooding waterfronts and low-lying areas, but America's most populous city avoided the mass devastation some had feared.Irene was downgraded to a tropical storm on Sunday morning and was headed next to pass over parts of Massachusetts and Rhode Island.

U.S. stocks are setting up for another turbulent week, and while Hurricane Irene passed with less damage than had been feared in many areas, the storm's impact on public transit near Wall Street could depress trading volumes.

Even as rains and wind from Hurricane Irene's path began to lash the coast of North Carolina Friday, much of the Eastern seaboard braced for the massive storm as it targeted such major cities as New York and Boston Sunday morning.

Like a skilled poker player, Federal Reserve Chairman Ben Bernanke kept some cards close to his vest when facing fellow central bankers in cowboy country.

The stock market is, for now at least, expected to have a normal trading session on Monday despite the arrival of Hurricane Irene in New York.

Stocks are setting up for another turbulent week that will begin with a focus, oddly enough, on the weather.

Italy's ruling coalition is preparing significant changes to its austerity plan presented in mid-August and Economy Minister Giulio Tremonti, who put together the original plan, appears increasingly isolated.

An experimental anti-clotting drug from Bristol-Myers Squibb and Pfizer saved more lives than standard treatment warfarin in a major study, giving it an edge over rivals in an emerging multibillion-dollar market.

A cluster of mild earthquakes rumbled early on Saturday near Pinnacles National Monument, site of an ancient volcano in central California, and were widely felt in and around the Monterey Bay area.