IBT Staff Reporter

Samsung Electronics unveiled four new smartphone models under its flagship Galaxy line on Wednesday, expanding its offerings of cheaper phones to tap growth in emerging markets.

European shares may rise on Wednesday on speculation the Federal Reserve may signal further policy moves to support the struggling U.S. economy, even as a rally in Asian stock spluttered out.

Chinese social-networking site Renren said Wednesday it has signed an agreement with Microsoft's joint venture instant messaging firm, MSN, to cooperate in areas of instant messaging and social networking.

U.S. tech giant Hewlett-Packard Co has filed a case against AU Optronics, saying the Taiwanese company conspired to fix the prices of thin film liquid crystal display panels, court documents show.

Chinese social-networking site Renren said on Wednesday it has signed an agreement with Microsoft's joint venture instant messaging firm, MSN, to cooperate in areas of instant messaging and social networking.

If doubts about U.S. government credit quality and the country's long-term growth horizon have seen its 10-year borrowing costs fall by a third, it's a wonder anyone pays heed to ideas of unsustainable sovereign debts.

Asian shares fell on Wednesday as a rally fueled by speculation that the Federal Reserve may signal further moves to support the struggling U.S. economy swiftly petered out, while gold rebounded from its sharpest one-day slide in 18 months.

Singer George Michael told fans that he has split with longtime partner Kenny Goss. The couple went their separate ways more than two years ago but kept news of their separation under wraps.

Moody's Investors Service cut its rating on Japan's government debt by one notch to AA3 on Wednesday, blaming a build-up of debt since the 2009 global recession and the revolving-door leadership that has hampered effective economic strategies.

The job market might be tight for everyone, but when it comes to women working in the television industry, times are especially tough.

When MSNBC CEO Phil Griffin announced Tuesday that Al Sharpton would be taking over the 6 p.m. slot with the new show Politics Nation, he spoke about the decade-long relationship he has developed with the minister and civil rights activist.

Ben Affleck is attached to produce, star in and direct Line of Sight, a thriller now in development at Warner Bros., TheWrap has confirmed.

If Lady Gaga's public persona seems a little cartoonish already, you haven't seen anything yet.

Entertainment conglomerate Walt Disney Co axed Marvel Studios' marketing department as it seeks to cut film costs in a move that comes right after the company showcased The Avengers, Marvel's first movie under Disney, at their fan D23 convention over the weekend, Bloomberg said.

When Pavement reunited for a series of major shows in 2010 after splitting a decade earlier, frontman Stephen Malkmus indicated that it was a one-time affair, and nothing he's said since has afforded any more hope to the indie nation that continues to venerate the '90s band. End of the asphalt -- for real? Apparently.

Anschutz Entertainment Group, a behemoth in the world of sports and entertainment events and venues, has officially entered competition with Live Nation’s Ticketmaster in the ticketing market.

A truck driver featured on the America's Most Wanted TV show has been arrested in California over the 1999 killing of his ex-girlfriend in Canada, U.S. authorities said on Tuesday.

The British Academy of Film and Television Arts Los Angeles has named Ben Stiller recipient of the Charlie Chaplin Britannia Award for Excellence in Comedy, BAFTA Los Angeles announced on Tuesday.

Edward Zwick has signed on to direct Legendary East's first project, The Great Wall, the company said Tuesday.

Typically, Larry Flynt spends most of his time, effort and money getting people out of their clothes. In the case of Mike The Situation Sorrentino, he'll make an exception.

These are uneasy times for Bravo's Real Housewives reality-TV juggernaut.

NBC can smell what the Rock -- and Jerry Bruckheimer -- are cooking.

Tony Bennett will pay tribute to late singer Amy Winehouse during a special segment of the 2011 MTV Video Music Awards on August 28, the network announced Tuesday.

Disruption of cell phone service by a rare East Coast earthquake on Tuesday prompted renewed calls for Congress and regulators to provide a dedicated wireless network for emergency workers.

Apple Inc will release a cheaper iPhone 4 within weeks, jeopardizing profit margins to win lower-end customers from rivals such as Nokia in China and other emerging markets.

A New York judge dropped all criminal sexual assault charges against ex-IMF chief Dominique Strauss-Kahn on Tuesday, leaving him free to return to Franceand rebuild a shattered career.

A strong earthquake rattled the U.S. East Coast on Tuesday, sending tremors as far as Canada, shaking the nation's capital and scaring thousands of office workers who fled onto the streets.

The August 23 Virginia Earthquake, the most massive earthquake to hit the East Coast in 67 years, made the United States question the safety of its nuclear power plants Tuesday. The earthquake, a 5.8 on the Richter scale, was only a few miles from the North Anna nuclear power plant.

The Indian government Tuesday stepped its up efforts to end national anti-corruption protests led by an activist's hunger strike, but the first meetings to broker a truce ended without result.