IBT Staff Reporter

Marvel Comics on Wednesday unveiled a new Spider-Man for the Obama-age -- a half-black, half-Latino nerd named Miles Morales.

Aug 05, 2011

Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as a weaker housing market causes continued losses on loans made prior to 2009.

Aug 05, 2011

Widespread reports have touted Chelsea to make a third bid for Tottenham's Luka Modric, believed to be around the region of £30 million.

Aug 05, 2011

The crumbling of mega-merger talks between Japanese industrial behemoths Hitachi <6501.T> and Mitsubishi Heavy Industries <7011.T> threatens a rare opportunity for Japan to improve its global competitiveness by consolidating century-old companies.

Aug 05, 2011

According to research firm, International Data Corporation, Apple's sales of 20.3 million iPhones worldwide during the second quarter of 2011 helped the company secure 19.1 percent of the market share and lead all other vendors.

Aug 05, 2011

A rebel spokesman claimed that Libyan leader Moammar Gadhafi's youngest son Khamis was killed in a NATO airstrike on the Western town of Zlitan.

Aug 05, 2011

European leaders came under heavy pressure on Friday to take decisive action to stem a spiralling debt crisis while robust U.S. jobs data brought some relief to battered world markets.

Aug 05, 2011

"The Whale" is the latest film from former husband and wife, Scarlett Johansson and Ryan Reynolds.

Aug 05, 2011

Apple has filed a trademark infringement lawsuit in U.S against fake identical Apple stores in China.

Aug 05, 2011

A recap of the battle of words between Google and Microsoft over patents.

Aug 05, 2011

You may not know him by name, but quasi newcomer--Hit-Boy, has been the brain behind many musical operations. He produced beats for the track "Stronger" for Mary J. Blige, "Froze" for Chris Brown, Lil Wayne and Eminem's "Drop the World" and now, he has lent an ear to Jay-Z and Kanye West's "N---as in Paris." As part of their "Watch the Throne" album, working on this track is a huge accomplishment for Hit-Boy.

Aug 05, 2011

"The Dark Knight Rises" is the third installation of the Batman saga that began in 2005. "Batman Begins," and "The Dark Knight" (in particular) have been huge successes for director Christopher Nolan. The British filmmaker also directed "Momento," "Inception," and "The Prestige," previously.

Aug 05, 2011

Procter & Gamble Co posted a bigger-than-expected rise in quarterly profit on Friday, as cost cuts and price increases helped mitigate the impact of more expensive materials and some sluggish markets such as the United States.

Aug 05, 2011

U.S. stocks were poised for a higher open on Friday after a better-than-expected payrolls report and a day after U.S. stocks suffered their worst selloff since the middle of the financial crisis in early 2009.

Aug 05, 2011

The government-subsidized prescription plan for seniors will not increase by the time 2012 rolls around, and yet, the plan will cost seniors an average of $30 a month in 2012, down from $30.76 this year, according to a statement made by the U.S. Department of Health and Human Services on Thursday.

Aug 05, 2011

Liverpool will be hopeful of doing away with their problem area at left-back after agreeing a fee with Newcastle United for the much-touted Jose Enrique.

Aug 05, 2011

Germans Jens Weidmann and Juergen Stark led a four-man group who opposed the reactivation of the European Central Bank's bond-buying programme, central bank sources said on Friday.

Aug 05, 2011

Annette Charles, best known for Cha Cha DiGregorio in the 1978 movie musical, passed away on Wednesday night in her home. She was suffering from cancer.

Aug 05, 2011

U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.

Aug 05, 2011

U.S. stock index futures rallied more than 1 percent on Friday after a report showed job growth accelerated more than expected in July as private employers stepped up hiring.

Aug 05, 2011

Indian actress Freida Pinto got her big break when director Danny Boyle cast the ex-model as the love interest in the 2008 Oscar-winning hit "Slumdog Millionaire." Now, she's hitting silver screens in her first big-budget, effects-driven Hollywood movie.

Aug 05, 2011

Virginia Polytechnic Institute lifted the campus alert after reports of an armed man roaming the campus, triggering an all-day manhunt.

Aug 05, 2011

Wall Street equity futures were little changed on Friday, a day after U.S. stocks suffered their worst selloff since the middle of the financial crisis in early 2009 and ahead of the critical payrolls report.

Aug 05, 2011

When Charles Berry started his career as a bonds trader in 1993, he used to draw point and figure charts on pieces of paper. He checked his old charts recently to remind himself how calm markets were in those days. Back then, it took three months for a price to move 200 ticks -- the measure traders use to show changes in futures or currency markets. Now the market moves 400 ticks in a week.

Aug 05, 2011

The leaders of Germany, France and Spain will hold crisis talks about Europe's spiraling debt crisis on Friday after China and Japan called for global policy cooperation following a market rout.

Aug 05, 2011

The Thai parliament elected the nation's first female Prime minister, Yingluck Shinawatra , on Friday. Ten years back another South East Asian country had elected its first female president. Megawati Sukarnoputri became Indonesia's first female president in 2001. Both women have a somewhat similar background. Will both share the same fate too?

Aug 05, 2011

Wall Street equity futures were lower on Friday ahead of the critical payrolls report, a day after U.S. stocks suffered their worst sell off since the middle of the financial crisis in early 2009.

Aug 05, 2011

Arsenal have been handed a tough route into the UEFA Champions League group stages after they drew Italian side Udinese in the qualifying play-offs.

Aug 05, 2011

The Cesc Fabregas saga will continue to rumble on as Arsenal, according to widespread reports, have rejected yet another bid from Barcelona as it fell short of their valuation of the player.

Aug 05, 2011