IBT Staff Reporter

When JPMorgan Chase & Co reports second-quarter results on Thursday, Wall Street will care more about its forecasts than its earnings, looking for clues on the direction of the U.S. lending business.

Netflix Inc's hefty price increase provoked an unprecedented outpouring of outrage on the Internet, but Wall Street cautiously welcomed the move, sending its shares up nearly 3 percent on Wednesday.

Japanese Finance Minister Yoshihiko Noda warned on Thursday that recent yen strength does not reflect economic fundamentals, escalating a verbal campaign to cool the rising yen although traders saw little immediate chance that authorities would intervene directly in the market.

Some experts have said that chronically obese children should be taken away from their parents, read the Journal of the American Medical Association as poor caretaking is only one risk factor for childhood obesity. And a question arises: Should the government step in and take these children from their homes or is this akin to banning circumcision in California?

Chain restaurants are getting on a health kick after growing fears of childhood obesity across America, but particularly in the South.

A California woman learned the hard that cutting husband’s penis off with a kitchen knife will get you charged with torture. The Orange County District Attorney’s Office said in a written statement that Kieu tied her sleeping husband to a bed with nylon ropes and sliced off his penis.

Spotify, the popular European music service, is set to launch in the United States on Thursday the company said.

An entire industry has come up to manage the celebrities and their causes

Banning kids this weekend is restaurant in the suburbs of Pittsburgh, Pennsylvania.

Brooklynite Levi Aron confessed to killing 8-year-old Chasidic child Leiby Kletzky, in what is one of the most grisly murders to hit the greater New York area in a while.

Planking, the art of lying straight down to mimic a wooden plank to surprise and amuse people, has become a Facebook sensation, despite the danger it poses, and its popularity is now being threatened by a similar game or activity called Owling.

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.