IBT Staff Reporter

U.S. researchers say a new, highly effective class of psoriasis drugs showed no link to heart problems after a study, published Tuesday, found that the effectiveness of drugs did not necessarily identify rare safety problems.

Hurricane Irene reached 120 mph as it intensified, ravaging Acklins and Crooked Islands in the southeastern Bahamas. The National Hurricane Center said that Irene is a large and dangerous storm and that it is expected to gain momentum in the next day.

U.S. stocks edged higher on Wednesday, extending the previous day's 3 percent rally, in anticipation the Federal Reserve chief would hint of stimulus measures to aid the struggling economy on Friday.

Airlines are now required to clearly post all optional fees on their Web sites, increase compensation for passengers bumped from flights, and provide shorter waiting periods on the tarmac.

Reversing its view from a year ago, a federal appeals court said Verizon Wireless customers must resolve disputes over alleged fraudulent cellphone charges individually through arbitration rather than as a class.

Gold dropped 4 percent on Wednesday as a sharp rise in U.S. durable goods orders and uncertainty ahead of Federal Reserve Chairman Ben Bernanke's speech to central bankers sparked bullion's biggest one-day drop in 2.5 years .

Sunday's MTV Video Music Awards will feature an indoor black carpet, a theme of the space-time continuum of music, and something from Lady Gaga that we've never seen before.

Joe Berlinger's and Bruce Sinofsky's Paradise Lost 3: Purgatory, the third of the filmmakers' documentaries about the case of the West Memphis Three, will premiere at the 49th New York Film Festival with a new ending incorporating the recent release of the three from prison.

The El Nino climate cycle brings not only high temperatures and dry weather, but also possibly civil wars, a new study claims.Between 1950 and 2004, the risk of civil wars doubled in 90 tropical countries when bit by El Nino every three to seven years, according to a study published in Wednesday's Nature.

A 7.0-magnitude earthquake hit a remote Amazon region of Peru on Wednesday, reports Reuters.

There's still a bit of summer left in 2011, so why not make the most of it and check out these end of summer travel deals for last minute vacationers (or anybody who wants one last getaway)

Google has paid the DOJ $500 million for allowing Canadian pharmacies to place advertisements on its Adwords program, thus helping them get revenue from the illegal transfer of drugs to the U.S.

Back in December, writer and actress Carrie Fisher began a long journey to shed pounds, hiring on as a celebrity spokeswoman for weight loss company Jenny Craig and targeting 30 lbs. She did far better.

This year's Primetime Creative Arts Emmys will contain a little taste of the drama surrounding Two and a Half Men.

Crews worked on Wednesday to drain propane from a rail tank car that has been burning in a Northern California city for nearly 24 hours, forcing the evacuation of 4,800 homes and businesses.

Hedge funds run by sophisticated computer programs are profiting from large falls in stock markets and a rocketing gold price this month, even as funds managed by human beings struggle to cope with high market volatility.

Hedge funds run by sophisticated computer programs are profiting from large falls in stock markets and a rocketing gold price this month, even as funds managed by human beings struggle to cope with high market volatility.

Burger King Corp.’s advertising agency has cooked up a new sandwich: the California Whopper.

The world's two largest cellphone vendors, Nokia and Samsung Electronics, unveiled new cheaper smartphone models on Wednesday hoping to defend their stronghold from Apple.

Hurricane Irene 2011 is gaining momentum and heading for the East Coast. Vacationers have been advised to change plans. As can be expected, many are choosing hope for the best over expect the worst.

Google Inc will pay $500 million to settle government charges that it showed ads for pharmacies that operate illegally, regulators are expected to announce on Wednesday, according to a report in the New York Times.

A diet based around plants, nuts and high-fiber grains lowered bad cholesterol more than a low-saturated-fat diet that was also vegetarian, researchers reported on Tuesday.

A former Moody's Investors Service analyst who bolted for India and cannot be found was ordered to pay $34.56 million in a U.S. Securities and Exchange Commission lawsuit over his alleged illegal insider trading.

It is rare for a hurricane to strike New York City directly; more often, they hit eastern Long Island and Cape Cod. Since 1851, only five hurricanes have struck within 75 miles of the city, although the edges of others have caused damage. Here are six of the worst to affect the region.

A new app for the Apple iPad gives users access to more than 6,000 corporate white papers in the business and technology fields.

The arrival of Hurricane Irene over the Caribbean once again prompts fanatics to feed into the “global warming” hoax.

The Dow and the S&P 500 rose modestly in volatile trading on Wednesday, as equities bounced around on heightened uncertainty surrounding Federal Reserve Chairman Ben Bernanke's speech to central bankers on Friday.

Except for the spiffy Hunter rain boots that can cost more than $100 a pair, the fund manager was one with the crowd -- farmers and industry folk in a muddy corn field in the heart of U.S. grain country.

A sweeping U.S. budget deal and lower interest rates will slice projected budget deficits nearly in half over the next 10 years, the nonpartisan Congressional Budget Office reported on Wednesday.