IBT Staff Reporter

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Jay-Z & Kanye album on top for second week

In a week that saw other worldwide rulers being run out of their palaces, it was pretty clear that Jay-Z and Kanye West would be keeping their jointly held throne. And, sure enough, the rappers' collaborative album dominated the Billboard/SoundScan album chart for a second week, even with a 59 percent decline in sales.

TCW monitored Gundlach's emails before firing

Trust Company of the West CEO Marc Stern asked his legal team to monitor the emails of ex-employee and star bond fund manager Jeffrey Gundlach after growing suspicious of his intentions to start a new firm, the CEO testified on Wednesday.

Starbucks CEO:100+ leaders to stop political gifts

Starbucks Corp Chief Executive Howard Schultz on Wednesday said that more than 100 U.S. business leaders have signed on to his call to withhold political contributions from lawmakers until they strike a bipartisan debt deal.

Hurricane Irene New York: Top 5 Dangers of a Hurricane in the City

Even if Irene reaches New York as a weakened Category 1 or Category 2 hurricane, it could still wreak havoc because the city is simply not prepared to handle such storms the way Florida or the Gulf Coast are. In a worst-case scenario, here are the top five threats New York City would face from a major hurricane.

Deficit super panelists studying others' work

The heads of a U.S. Congress deficit super committee said on Wednesday most members were reviewing budget-balancing studies of recent years in a sign the panel was unlikely to try to reinvent the wheel.

Gold posts biggest drop since 1980 on Fed fears

Gold futures fell more than $100 on Wednesday, one of the steepest falls ever, as strong U.S. economic data and expectations of more Federal Reserve stimulus accelerated profit taking from the safe-haven record high of a day ago.

Exclusive: Talent agency CAA mulls Silicon Valley office

Creative Artists Agency, the largest talent representation firm in Hollywood, is considering opening an office in Silicon Valley to expand ties with the technology community, according to two people familiar with the firm's plans.

U.S. budget deal brightens fiscal outlook: CBO

A sweeping U.S. budget deal has brightened the country's fiscal outlook but its gains could evaporate if Congress extends tax breaks in coming years, nonpartisan congressional forecasters said on Wednesday.

Deficit super panel eyes schedule, past work

The co-chairmen of a U.S. congressional super committee on deficit reduction said on Wednesday they are discussing rules and a schedule of meetings for the 12-member panel, but offered no immediate details.

Earthquake Cracked and Shut Down Washington Monument, Obama Blamed on Twitter

The historic earthquake caused a historic damage as it shook the nation's capital.While the mess around Washington, D.C. is being cleaned up on Wednesday, the Washington Monument in the heart of the city remained encircled within a black fence - due to a crack caused by Tuesday's 5.8-magnitude earthquake centered in Virginia.

Clark Gable grandson charged with crimes in LA

The grandson of the late actor Clark Gable was charged in Los Angeles on Tuesday with pointing a laser at a police helicopter and momentarily blinding two officers on board, prosecutors said.

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