IBT Staff Reporter

News Corp independent directors are fully behind Rupert Murdoch, a board member told Reuters on Monday, as his iron grip on his vast media empire came under question because of the hacking scandal that already has consumed his London newspaper company.

Clorox Co on Monday rejected as too low an offer from billionaire investor Carl Icahn that values it at more than $10 billion.

In Korea people have beat the summer heat by drinking liquor and dining on dog meat. Some Koreans are trying to change the practice. They believe it's unacceptable to eat man's best friend.

News Corp independent directors are fully behind Rupert Murdoch and his management team and are not drawing up plans to promote Chief Operating Officer Chase Carey to the position of CEO, a board member told Reuters on Monday.

Borders Group Inc, the second-largest U.S. bookstore chain, said it has canceled an upcoming bankruptcy auction and will close its doors for good.

The International Trade Commission on Monday upheld a decision by one of its judges that Eastman Kodak did not infringe Apple Inc patents for digital cameras.

Microsoft Corp is set to post a 9 percent jump in fiscal fourth-quarter profit on Thursday, putting the cap on its best financial year ever, but investors are fidgety over flagging computer sales and a gnawing feeling that the tech pioneer will never recapture old growth rates.

International Business Machines Corp's quarterly profit rose 8 percent, buoyed by strong growth in sales of computers and software.

IBM's signings of new business at its services division surged 16 percent in the second quarter, trouncing expectations and raising hopes that 2011 will be a good year for the technology sector.

A former commodities trader pleaded guilty on Monday to threatening to kill more than 40 financial regulators, including the heads of the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.

JPMorgan Chase & Co is putting on a kinder, gentler face as it overhauls a unit that negotiates with borrowers whose homes are headed into foreclosure.

It's a rough time to be an insurer, and investors looking at quarterly earnings will be focusing mostly on a single question: How long will the pain last.

Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, suffered a legal setback on Monday when a Dallas federal judge threw out one of his defenses in a Securities and Exchange Commission insider-trading lawsuit.

Borders Group Inc, the second-largest U.S. bookstore chain, said it has canceled an upcoming bankruptcy auction and will close its doors for good.

European governments and banks struggled to reconcile competing proposals for a second bailout of Greece on Monday, three days before leaders meet to prevent the crisis from spreading through the region.

J.P.Morgan Securities' equity derivatives strategists on Monday recommended purchasing Apple Inc's August $365 call options to position for potential upside ahead of the company's quarterly earnings.

A 22-year-old Indiana man plans to sue after being rejected from a blood donation clinic for appearing to be gay.

General Electric Co is finishing clinical trials for an agent designed to detect early signs of Alzheimer's and expects to seek regulatory approval by year's end, its executive leading the process said.

The Federal Reserve faces a high bar for further monetary stimulus in the absence of deflation risks, but could maintain rock-bottom borrowing costs for a long time, a top central bank official said on Monday.

Analysts say losing to Apple could cost HTC financially.

At $49, an iPod Shuffle or iPhone 3GS is not the cheapest way to enjoy the bounties of an Apple ecosystem, as AT&T has just the dropped the price of a refurbished iPhone 3GS to $9.

Stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe.

Discover some of the best places in South America for wine on a budget. You'll want to read this before your next trip to the wine store!

Charlie Sheen will star in a new sitcom Anger Management since being fired from Two and a Half Men on March 7.

JLo, Marc Anthony divorce.

'Breast Milk Baby,' a Spanish-made baby doll packaged with 'lactating' flowers, is coming to U.S. toy stores.

Stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe.

Goldman Sachs has cut its forecast for U.S. second-quarter growth to 1.5 percent from 2 percent, citing weak consumer spending.

EBay Inc has been trying to revive its main marketplace business for at least a year and quarterly results from the e-commerce company this week may show those efforts are paying off.