IBT Staff Reporter

Stocks tumbled in heavy volume on Monday, with more than 1,000 stocks traded on the New York Stock Exchange hitting 52-week lows, after rating agency Standard & Poor's cut the United States' perfect AAA credit rating, rattling already jittery investors.

Kim Kardashian is preparing for her big wedding with fiance, Kris Humphries. Many are expecting her big day to be lavishing, stylish, and very, very costly. Of course, the event will include a massive 1,000+ attendees with stars like Demi Lovato and Cameron Diaz on the guest list.

U.S. meat producer Tyson Foods Inc reported a lower quarterly profit due to higher feed costs for its chickens, while strong pork exports helped results beat estimates.

Oil dropped 3 percent on Monday, crashing through technical support levels as the reduction of the United States's top-tier credit rating by Standard & Poor's hammered markets and stoked concerns of an economic slowdown.

Monday, Apple launched a low-spec iMac to the educational market.The 21.5-inch desktop is priced at $999, $200 cheaper than the regular entry-level iMac of the same size. It is available only to education institutions.

Ratings agency Moody's Investors Service on Monday warned it might also downgrade the U.S. government's credit rating if its planned measures to reduce its budget deficit turned out to be not credible after all.

France and Britain are most vulnerable within Europe to a rating review following the U.S. downgrade, with anemic growth and hefty borrowing placing them among the shakiest of the world's triple-A rated lenders.

Up until now, Apple's iPad has largely monopolized the tablet market, but not any more. Pierre Cardin has just come up with a tablet computer which focuses on being fashionable as well as useful.

Rappers Jay-Z and Kanye West's highly anticipated collaboration, "Watch the Throne," was released at midnight Monday on iTunes in standard and deluxe forms. The album hits stores on Aug. 12, a move that was reportedly criticized by independent retailers.

Tyson Foods Inc reported a smaller quarterly profit due to higher feed costs for its chickens and higher prices for the cattle and hogs it buys for its beef and pork plants, and the company expects its chicken business to post a loss in the current quarter.

The latest in a seris of patent lawsuit against Apple has to do with the fast booting feature of Mac OS X.A Florida company Operating Systems Solutions, LCC has filed a patent infringement lawsuit against the tech giant for Mac OS X startup process.

Juno's mission is to unlock the mysteries of Jupiter, the solar system's biggest and most mysterious planet.

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.

Credit ratings agency S&P threw a monkey wrench in the works by downgrading its long-term credit rating for the U.S. from AAA to AA+, just days after President Obama signed a debt-limit compromise.

The Boeing 787 Dreamliner finally debuted Saturday after three years and billions of dollars were spent on the plane expected to revolutionize air travel.

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.

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.

Worried about losing your kid? Fear not, the FBI has released a Child ID app.

"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.

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.

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.

Oil dropped more than 3 percent on Monday, as worry about an economic slowdown spread after Standard & Poor's cut the United States' top-tier credit rating late on Friday.

Today Apple launched a low-spec iMac to the educational market, rather quietly.The 21.5-inch desktop is priced at $999, $200 cheaper than the regular entry-level iMac of the same size. It is available only to education institutions.

Arsenal are close to signing the much-vaunted Alex Oxlade-Chamberlain from Southampton, with widespread reports stating that the player has already undergone a medical at the club, while Gary Cahill and Per Mertesacker are also linked.

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.

The worst year-long Texas drought on record will have a lasting impact on the entire ecosystem, according to wildlife biologists.

Facebook doesn't just alter the way you communicate, but it may be changing who you are entirely. The impact of continuous Facebooking is harming the lives of teens, a set of new studies revealed.

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.

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.