IBT Staff Reporter

Upscale grocer Whole Foods Market Inc's quarterly profit rose a larger-than-expected 35 percent and it raised its full-year profit forecast, fueled by robust sales and snatching market share from other supermarkets.

Top former executives of Lehman Brothers Holdings Inc lost their bid to throw out a securities fraud lawsuit seeking to hold them responsible for billions of dollars of investor losses tied to the Wall Street investment bank's 2008 collapse.

A UK cyber crime police unit said Thursday it has arrested a 19-year old spokesman for the Lulz Security hacker group who went by the name of "Topiary" at a residence in the Shetland Islands of Scotland.

Visa Inc's quarterly profit rose by 40 percent, and the world's largest payment processor said it would introduce a new fee structure for U.S. merchants.

Google Inc said the Department of Justice has asked for more information regarding its acquisition of online advertising company AdMeld.

Police are increasingly certain that mass killer Anders Behring Breivik acted alone, but are leaving no stone unturned in the hunt for collaborators as they try to close one of the bloodiest chapters in Norway's history.

The source of the auto industry's growth has seen a permanent shift to emerging markets that appear promising but also hold great risks, according to an AlixPartners study released on Wednesday.

Chinese scientists provided new analysis in proposing that the long time group of birds Archaeopteryx are not considered in the avian family but rather more related to the Deinonychosaurs.

If the debt ceiling isn't raised before Aug. 2, or if America's prized AAA credit rating is downgraded, it will mean at least a decade of financial instability to clean up after.

AT&T Inc's $39 billion plan to acquire Deutsche Telekom AG's T-Mobile unit got support from a Louisiana regulator and 11 state attorneys general on Wednesday.

A New York-based law firm is waging a creative legal battle to block AT&T Inc's $39 billion takeover bid for T-Mobile USA .

Arkansas Attorney General Dustin McDaniel said on Wednesday that a bipartisan group of attorneys general wrote to U.S. regulators in support of AT&T Inc's $39 billion bid for T-Mobile USA.

With America edging ever closer to a default, and a downgrade in the U.S. credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.

If you want to know why tax from surging corporate profits isn't making much of a dent in the United States' crippling budget deficit, a glance at Microsoft Corp's recent results provides some clues.

With America edging ever closer to a default, and a downgrade in credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.

New York Mets outfielder Carlos Beltran will be traded to the San Francisco Giants, according to multiple reports.

Playboy founder Hugh Hefner says his former fiance is lying about their sex life, or lack of it.

Free agent Matt Hasselbeck is headed to the Tennessee Titans and Donovan McNabb was poised to be traded to the Minnesota Vikings, as National Football League teams lined up their quarterbacks with the lockout over.

Symantec Corp, the top maker of computer security software, beat Wall Street's profit estimates for a fourth consecutive quarter, saying it is benefiting from a surge in hacking activity.

Ryan Gosling claims that after his last film, the moody "Blue Valentine," it took him several months to "acclimate out of the experience" and he paid a visit to the doctor.

The glitzy drama of reality show "Real Housewives of Beverly Hills" will be returning in September will all six original ladies, plus some special guests, cable TV channel Bravo said on Wednesday.

Two top U.S. defense contractors posted sales that missed Wall Street's expectations on Wednesday in a sign that federal efforts to rein in military spending are starting to take a toll.

Visa Inc's quarterly profit rose by 40 percent and the world's largest payment processor said it would buy back $1 billion in class A common stock shares over the next year.

A Union Pacific freight train carrying more than 60 cars, some loaded with hazardous substances, derailed on Friday in a desert town north of Los Angeles, prompting evacuations of nearby homes, fire officials said.

Investors eagerly bought the shares of Dunkin' Donuts parent Dunkin' Brands Group Inc , sending them up as much as 56 percent on their first day of trading on Wednesday.

Moody's Corp , owner of one of the three major debt-rating agencies, reported a 56 percent rise in second-quarter profit, but cautioned that the second half of the year would be more difficult.

Carbon market participants said revisions to key rules may not be enough to ensure that trading in secondary offset markets in California is liquid and stable.

British police arrested a teenager believed to be a leader of computer hacking groups that boasted attacks on the networks of the CIA, Sony and Rupert Murdoch's media empire.

Multiple PayPal users have been incorrectly charged for purchasing Mac OS X Lion from the Mac App Store, with one user claiming to have received a bill of nearly $4,000 for the $29.99 software.