IBT Staff Reporter

Australian brewer Foster's rejected a $10 billion offer from rival SABMiller for the second time as shareholders hold out for a better offer from the global brewing giant.

German carmaker Volkswagen expects to maintain strong growth in the face of an economic slowdown, the head of the company's works council said.

China's Lenovo Group Ltd, the world's No.3 PC brand, joined rivals in flagging concerns about the weak global economy and euro zone debt crisis, overshadowing a doubling in first quarter profits.

China Mobile logged its fastest half-yearly profit growth in nearly three years as the world's largest mobile operator by subscribers attracts more high-end 3G users upgrading to smartphones.

The Federal Reserve Bank of New York is intensifying its scrutiny of the U.S. units of Europe's biggest banks amid concerns that Europe's debt crisis could spill into the U.S. banking system, say sources familiar with the matter.

The Federal Reserve Bank of New York is intensifying its scrutiny of the U.S. units of Europe's biggest banks amid concerns that Europe's debt crisis could spill into the U.S. banking system, the Wall Street Journal reported citing sources familiar with the matter.

Research In Motion?s Blackberry OS 7 powered Blackberry Bold 9900, T-Mobile?s first 4G-enabled Blackberry, will hit the shelves on Aug. 31 with the carrier already offering pre-orders for its business customers.

Closing branches during the summer lull and telling staff to cut back on biscuits and book cheap flights: banks have rarely been battling harder to cut costs -- and even the most minor expenses are coming under fire.

Barcelona secured the Super Cup with a 3-2 win, 5-4 on aggregate, over Real Madrid, after Lionel Messi capped a wonderful display with a late winner.

Plans from France and Germany to move toward fiscal union in 2012 got a chilly response from other euro-zone countries and failed to reassure investors worried about the region's debt crisis and weakened economies.

The company calls it an ?unprecedented? step in creating intelligent computers.

European equities followed Asian stocks lower Thursday as investors fretting about the global growth outlook cut exposure to riskier assets, while the Swiss franc fell on talk the central bank was intervening in the forwards market.

The global economy is "dangerously close to a recession," Morgan Stanley said, slashing its growth forecast for 2011 and 2012.

A U.S. Secret Service Agent was arrested and charged with drunk driving last weekend in Iowa ahead of President Barack Obama's visit.

European equities followed Asian stocks lower on Thursday as investors fretting about the global growth outlook cut exposure to riskier assets, while the Swiss franc fell on talk the central bank was intervening in the forwards market.

South Korea's LG Electronics Inc has cut its annual television sales forecast by 20 percent, a media report said, joining its Japanese rival Sony Corp in bracing for weaker sales due to uncertain global economic prospects.

Global economic health rests on the United States and China finding common ground, U.S. Vice President Joe Biden told China's leader-in-waiting, Xi Jinping, in talks aimed at shoring up faith in the dollar.

The trailer of Daniel Radcliffe's new movie, "The Woman in Black," promises a spine-chilling story laden with an eerie atmosphere.

China Mobile Ltd, the world's largest mobile operator by subscribers, posted a 6.3 percent rise in net profit for the first six months, logging the fastest half-year growth since 2008 as the carrier tries to attract more high-end 3G users.

London has overtaken New York as the world's fashion capital for 2011, fuelled by media interest in late British designer Alexander McQueen and Kate Middleton, according to a survey by the Global Language Monitor.

David Price allowed three hits in eight scoreless innings and the Tampa Bay Rays blanked the Boston Red Sox 4-0 at Fenway Park on Wednesday afternoon.

European shares looked set to follow Asia lower on Thursday as investors in that region locked in profits on worries about faltering global demand, while the Swiss franc fell sharply on speculation the Swiss central bank was intervening in the forwards market.

Richard Gere may be best known for his acting career but he is also an accomplished musician who has amassed an extensive guitar collection that will be sold at auction in October, Christie's said on Wednesday.

Gold demand fell in the second quarter but is still expected to rise for the full year as Asian buyers add to holdings and investors shift to it as a safe haven, the World Gold Council said Thursday.

Asian stocks fell Thursday on profit-taking by nervous investors, while the Swiss franc stayed firm after plans to curb the currency disappointed those looking for more drastic action.

Christine O'Donnell walked out of an interview with CNN's Piers Morgan on the "Piers Morgan Tonight" show on Wednesday. The former Delaware U.S. Senate candidate took offense at the host's questions about gay marriage.

Hewlett-Packard Co must convince Wall Street it can reverse a string of disappointing results, weather a drought in technology spending and deliver growth again when it reports earnings on Thursday.

The hacking assault on Bay Area Rapid Transit continues as personal data on its police officers, including names, addresses, e-mail and passwords, is revealed. A BART Web site has been taken down after more than 100 officers were victimized.

When sheriff's deputies in Southern California raided a suspected drug house they found the expected - guns and methamphetamine. But something else, too: Some two dozen granite tombstones in the backyard.