IBT Staff Reporter

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Wall Street sinks after S&P downgrade

Stocks tumbled on Monday, the first session after rating agency Standard & Poor's cut the top-tier AAA credit rating of the United States, further unnerving already-skittish investors.

Lea Michele, Yes For 'Glee,' No For 'Funny Girl'

This is not a complete lost for Lea! She has lots of work to keep her busy. Despite raving rumors, Michele, Cory Monteith, and Chris Colfer will be "Glee" season 3 and will make recurring appearances in future seasons. In fact, Lea Michele missed the 2011 Teen Choice Awards because of filming this third season.

FAA Update: IRS Says No Tax Refunds For Ticket Holders

The Federal Aviation Association issued a statement Friday that no refunds will be given for ticket holders who flew during the temporary FAA hiatus. Meanwhile, airlines will not be able to keep the $400 million windfall in increased ticket prices; says IRS is to blame.

Diana Nyad: U.S. Swimmer Insane Training Schedule at 61 [PHOTOS & VIDEO]

"I also want it to be a moment for thousands, and I dare say millions of people my age, who are going to look and say, '60!'" Diana Nyad, U.S. long-distance swimmer, told CNBC Sunday morning. Nyad's personal test began at 7:45 p.m. ET when she plunged into the ocean and began her 103-mile swim between Cuba and Florida.

New smart phone app lays bare Londinium

Finding London's Roman ruins amid the tangled network of streets and lanes that make up the ancient part of a contemporary city is a challenge for even the most experienced urban explorer.

ECB backs Italy, Spain in bid to halt euro crisis

The European Central Bank intervened dramatically in bond markets on Monday, backing up a verbal pledge to support Spain and Italy with action in an attempt to avert a financial meltdown in the euro zone.

Taylor Swift, Selena Gomez Win Big at Teen Choice

Country sensation Taylor Swift and actress/singer Selena Gomez caught major waves at the Teen Choice awards on Sunday, with Swift scooping up six surfboard trophies including one for Ultimate Teen Choice.

Wall Street dives after S&P downgrade

Stocks tumbled on Monday, tracking a sharp drop in global equity markets after rating agency Standard & Poor's cut the top-tier AAA credit rating of the United States, rattling already-jittery investors.

Oil tumbles as U.S. downgrade spurs growth concerns

Oil fell more than $4 a barrel on Monday as worries over economic growth spread after Standard & Poor's cut the United States' top-tier credit rating and European central banks struggled to contain a deepening debt crisis.

Transatlantic shares rise after Berkshire bid

Shares in reinsurer Transatlantic Holdings rose more than 8 percent on Monday despite broad and deep market declines, after Warren Buffett's Berkshire Hathaway made an unsolicited offer over the weekend to buy the company.

Selena Gomez Performs At Teen Choice Awards [VIDEO & PHOTOS]

Selena Gomez and the Scene graced the stage Sunday night at the Teen Choice Awards. The young singer and her band performed their latest single, "Love You Like A Love Song," at the Gibson Amphitheatre. The audience was on their feet clapping as she sung her tune. Dancing with the rest of the crowd was Selena's boyfriend, Justin Bieber, and Demi Lovato, in her first award show since her three-month rehab visit and public meltdown.

Wall Street set to dive after S&P downgrade

Wall Street was set to track a sharp drop in global equity markets on Monday after rating agency Standard & Poor's cut the top-tier AAA credit rating of the United States, rattling already-jittery investors.

Teen Choice Awards Red Carpet Fashion [PHOTOS]

Sunday night, teens across the country were able to watch their favorite stars gather for the Teen Choice Awards in Los Angeles. Stars, from the big screen, singers, models, and TV stars gathered for a night of awards and fierce fashion! Among the cluster of stars were Justin Bieber, Selena Gomez, Demi Lovato, Taylor Lautner, Fergie, Jason Derulo, Rupert Grint, and many, many more!

U.S. safety regulators open probes on Ford, VW cars

U.S. auto safety regulators have opened preliminary investigations into new Ford Motor Co Mustangs with manual transmissions for possible shifting problems and diesel Volkswagen Jetta sedans for possible fuel leaks.

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