IBT Staff Reporter

Two HIV studies in Africa have revealed today that taking a daily pill containing antiretroviral drugs can reduce HIV transmission by as much as 75% in heterosexual couples. The results were called so compelling that that larger study was halted, researchers said Wednesday.

A Pennsylvania restaurant is banning kids under the age of six.

Moody's Investors Service said it may cut the United States' triple-A rating due to the rising chance its debt ceiling is not raised.

New York Knicks scout Rodney Heard has been let go by the organization for violating NBA rules according to sources with Yahoo! Sports.

Amazon.com Inc will launch a tablet computer this year to extend its position as the world's largest Internet retailer, expand in mobile commerce and sell more digital goods, according to analysts and investors.

San Francisco Giants closer Brian Wilson wore a spandex tuxedo to the 2011 ESPY Awards.

A restaurant in Pittsburgh suberb is banning kids.

Even if the United States manages to avoid a technical default in August, downward pressure on its AAA credit rating will likely remain high, Moody's analyst Steven Hess said on Wednesday.

A lost 8-year-old Brooklyn boy was found dead in Borough Park on his way home from day camp after he asked a stranger for directions, police said today. His body was found in a trash bin and refrigerator, said police today.

Brad Pritt and Angelina Jolie are planning to tie the knot, three sources told Us Weekly.

Who was Levi Aron, Brooklyn resident?

Fidelity Investments fund manager Joel Tillinghast will take time off this fall, leaving the mutual fund giant without one of its top performers over the past decade.

Hedge fund Citadel's securities arm appears to have abandoned plans to become a market maker in treasuries, prompting the company to eliminate several jobs, two people familiar with the matter said.

Stocks stopped a three-day slide, but ended well off the highs on Wednesday as investors took the suggestion of further Federal Reserve stimulus as a mixed blessing.

Morgan Stanley might lay off more workers than the few hundred underperforming financial advisers it previously said were at risk of being fired, according to Fox Business Network.

Twitter is courting bigtime advertisers and will soon allow them to tailor, automate and publish ads in bulk directly onto the Internet microblogging service, according to two people with knowledge of the matter.

Rupert Murdoch withdrew his bid for broadcaster BSkyB on Wednesday, as outrage over alleged crimes at his newspapers galvanized a rare united front in parliament against a man long used to being courted by Britain's political elite.

Three U.S. senators called for the Justice Department and the Securities and Exchange Commission to investigate whether News Corp broke a U.S. law banning bribes to foreign officials.

Netflix raised the Internet-plus-DVDs-in-the-mail plan from $9.99 per month to $15.98 per month, triggering massive outrage from movie buffs.

It was the boy's first day to receive permission to walk home from day camp, when the otherwise exciting sign of independence became the worst nightmare.

What kind of legal problems could Rupert Murdoch's News Corp face in the United States from the UK phone-hacking scandal? Securities litigation? Likely. Anti-bribery prosecution? Possible. Anti-racketeering laws? That may be more of a stretch.

Stocks stopped a three-day slide on Wednesday, but the market is likely to get hit in the coming session after Moody's said it could cut the United States' prized triple-A credit rating.

The Federal Reserve is ready to ease monetary policy further if economic growth and inflation slow much more, Chairman Ben Bernanke said on Wednesday, giving a boost to the bruised stock market.

Citigroup Inc is considering keeping its store credit card business after trying to dispose the $41 billion business, the Financial Times reported.

Morgan Stanley might lay off more workers than the few hundred underperforming financial advisers it previously said were at risk of being fired, according to Fox Business Network.

Hugh Hefner Death rumors have proven that 2011 is the year of the hoax.

Prince Fielder of the Milwaukee Brewers was named Most Valuable Player in Tuesday's 82nd All-Star Game in a 5-1 National League victory over the American League.

Credit-rating service Moody's said that it is putting the U.S. government on review. Our government may see a downgrade from its Aaa bond rating because of the increasing possibility that the debt ceiling will not be raised in time to prevent a missed payment of interest or principal on outstanding bonds and notes.

It was eight-year-old Leiby Kletzky's first time to walk home alone from day camp, when he was kidnapped and killed, with his body dismembered and put into a refrigerator.Levi Aron, 35, is awaiting charges after his confession of kidnapping and murdering Kletzky, a Brooklyn boy who went missing after leaving day camp on Monday.