IBT Staff Reporter

The new head of the IMF on Saturday urged global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession.

Tim Cook has big shoes to fill and he can't do it by just pushing out snazzier versions of the iPhone or iPad.

Arsene Wenger has told Bolton Wanderers to keep Gary Cahill if they maintain their stance that his initial offer for the player is derisory.

Emerging economies should find other ways to buffer themselves from global crises than stockpiling U.S. government debt, a prominent economist argued on Saturday.

Google is absolutely committed to its fledgling television business and expects many more partners to join it soon, Executive Chairman Eric Schmidt said on Saturday.

You can't prepare for the best case, you have to prepare for the worst case, New York Mayor Michael Bloomberg tweeted Saturday morning, as NYC faces its first ever evacuation order due to the upcoming threat of Hurricane Irene.

Global financial regulators are likely to impede growth rather than foster it unless they are better policed, an economist warned policymakers on Saturday.

German Finance Minister Wolfgang Schaeuble warned members of parliament in his ruling coalition that financial markets may doubt Europe's ability to act if they fail to back measures bolstering the powers of the euro zone bailout fund.

Federal officials have warned Hurricane Irene, which is at a category 1 phase currently, could cause flooding, power outages or worse all along the East Coast as far north as Maine, even if it stays offshore.

Disney Channel and “ The Social Network” actress, Brenda Song is pregnant after two months of dating Trace Cyrus and they are expecting their first baby soon.

As Hurricane Irene sustains its path, making landfall in eastern North Carolina at around 7:30 a.m. Saturday, the storm has weakened from Category 2 to Category 1, according to an update released by the National Hurricane Center (NHC) at 5 a.m. Saturday.

Apple has offered $384 million in stock to its newly-appointed Chief Executive Officer, Tim Cook, locking him up through 2021.

Deutsche Telekom said it had not been cutting jobs at its U.S. arm T-Mobile USA in anticipation of the unit's sale to AT&T, as reported by a German online magazine on Friday.

Jennifer Aniston, who sold her sprawling Beverly Hills mansion for $38 million just a month ago, has opted for a temporary cozy two-bedroom love nest to live together with beau Justin Theroux.

Google will launch its TV service in Europe early next year, announced Executive Chairman, Eric Schmidt convincing the policy makers to embrace the Internet in the TV arena.

Kim Kardashian's manger mother has clinched hosting gigs on two U.S. talk shows as she continues to televise her day-to-day life in the hit reality show Keeping Up With the Kardashians on the E! Network. Kris Jenner will be filling in Sharon Osbourne on CBS' chat show The Talk in September. Jenner will also be filling in for Katie Couric on The Today Show on NBC in October.

Corey Stoll, though not a household name, was a major player in Midnight in Paris, a movie that remained in picture houses all summer long and made more money than any other movie from the director Woody Allen.

Rebirth follows five New Yorkers who discuss the events of 9/11 and the World Trade Center as a site of shared trauma, exploring the emotional, spiritual, mental and physical repercussions that day left on all of us.

It has been a difficult week in the love lives of TV's Gilbert sisters, with both women enduring breakups of their long-term relationships.

Hurricane Irene has yet to make landfall, but barring a weather miracle, it will put a serious crimp in movie, concert and play-going.

If there was a Golden Globe award for best milking of a semi-controversy, Ricky Gervais would easily walk away with the trophy.

Michael Showers, the Treme actor who was found dead in the Mississippi River on Wednesday, died of drowning, the Orleans Parish coroner's office announced on Friday, according to the New Orleans Times-Picayune.

A jury found movie producer Jon Peters was guilty on Friday of sexual harassment and ordered the man behind films such as Batman to pay more than $3 million to a former personal assistant.

A number of Major League Baseball games have been postponed over the weekend as Hurricane Irene moves ominously over the east cost of the United States, it was announced on Friday.

Mel Gibson and his ex-girlfriend on Friday settled a deeply bitter custody dispute over their young daughter which led to the Oscar winner's plea of no contest to domestic violence earlier this year.

Two members of the British military conducting skydiving training in southern California collided in mid-air on Friday and were hospitalized with serious injuries, authorities said.

New Yorkers are bracing for the worst as Hurricane Irene rages its way up towards the eastern seaboard from North Carolina.

Justice Department investigators believed that Google Inc's Chief Executive Larry Page knew about improper online pharmacy ads that Google carried, and allowed the ads for years, the Wall Street Journal said.

Astronomers have discovered a dense extrasolar planet that they believe is composed of ultradense diamond.