IBT Staff Reporter

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Oldest Fossils on Earth Suggestive of Life on Mars

A microbial bacteria fossil discovered by Australian resesarchers may be proof of life on Earth before oxygen 3.4 billion years ago. The Strelley Pool Formation in Western Australia houses stromatolites which have been preserved there.

Goldman CEO hires high-profile defense attorney

Goldman Sachs Chief Executive Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney whose past clients include a former Enron accounting officer, according to a government source familiar with the matter.

Bone drug tied to lower colon cancer risk

A new study adds to evidence that bone drugs may play a role in suppressing cancer development, although there is still no proof that taking the medications would stave off malignancies.

Zachery Tims' Funeral Gathered Thousands, Cause of Death Still Unknown [VIDEOS]

Zachery Tims' private funeral on Saturday was attended by at least 5,000 people, packing the First Baptist Church of Orlando. During the 3.5 hours of funeral, well-known speakers gave tributes to Tims, senior pastor of Florida-based megachurch New Destiny Christian Center, who was found dead in a Times Square hotel on Aug. 12.

Business borrowing slammed in July, up in year

A measure of business activity sank in July from June, though it rose slightly from a year ago, as economic and regulatory uncertainties kept many corporations from new spending, a lender group said on Monday.

United States will not bid for 2020 Summer Games

The United States Olympic Committee (USOC) said on Monday it will not submit a bid to stage the 2020 Summer Olympics.New York, Chicago, Los Angeles, Minneapolis, Dallas, Tulsa and Las Vegas all had vague discussions with the USOC about the 2020 race but the organization said there was not enough time to put together a winning bid ahead of the September 1. deadline.

Exclusive: Goldman CEO hires high-profile attorney

Goldman Sachs Chief Executive Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney whose past clients include a former Enron accounting officer, according to a government source familiar with the matter.

El Cajon Shooting: Two Bodies Found, But Not Identified

A day after the El Cajon shooting that left a California police officer seriously wounded, SWAT officers found the body of a young child in the wreckage of the house where the shooting took place. A second body was believed to be that of the suspected gunman, Kevin Collier.

Hurricane Irene 2011 Threatens Bahamas, U.S.

Hurricane Irene sustained 80 mph winds as the storm rocked the area just off the northeastern coast of Hispaniola. The National Hurricane Center expected Irene to continue gaining momentum over the next few days but by Thursday, forecasters said that it could be a major Category 3 hurricane with winds up to 115 mph.

Brent crude slips as Libya oil restart eyed

Brent crude edged lower on Monday in choppy trading as investors hoped the process to restart oil exports from OPEC member Libya would begin soon as the country's six-month-old civil war neared an end.

Jack Layton Dies at Age 61

Canadian opposition leader Jack Layton died early Monday morning after battling cancer. He was 61 years old.

Gold rises toward $1,900 on inflation, QE talk

Gold rallied almost 2 percent to a record near $1,900 an ounce on Monday as a sputtering global economy boosted expectations for further monetary easing, raising bullion's appeal as a hedge against inflation.

Kate Winslet escapes fire at Branson holiday home

British Oscar-winning actress Kate Winslet was among the guests who escaped unhurt from a fire which swept through Richard Branson's Caribbean holiday retreat overnight, the billionaire said on Monday.

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