IBT Staff Reporter

European Union rules to tighten derivatives rules won't be agreed until at least the early autumn, as a global crackdown on the opaque sector faces delays on both sides of the Atlantic.

According to one research report, Zynga's IPO is a hallmark moment for the social gaming industry.

On Independence Day, 2011, championship eater Takeru Kobayashi reportedly broke the world record of hot dog eating off-site, while Joey Chestnut officially won his 5th straight victory at Nathan's Hot Dog Eating contest.

World stocks hit a 4-1/2 week high on Monday as investors grew confident over global economic prospects after Greece avoided an early debt default and data pointed to a moderate slowdown in China's growth.

Google Doodle celebrated the Fourth of July – the Independence Day of America, by portraying a colorful map of United States of America with monumental and iconic figures across the country.

- Hundreds of bankers will lose their jobs over coming weeks, victims of what senior bosses say is likely to be an industry-wide culling of staff in response to a sharp downturn in demand for trading and investment banking services.

World stocks hit a 4-1/2 week high on Monday as investors grew confident over global economic prospects after Greece avoided an early debt default and data pointed to a moderate slowdown in China's growth.

Rising labor costs will push over 80 million Chinese jobs in light manufacturing abroad over the next three to five years, with African nations well placed to lure many of them their way, the World Bank said.

China's Baidu is to partner with Microsoft for English-language search, giving the U.S. software giant a chance to expand its tiny Web presence in a market Google has stepped back from, and helping the Chinese company's international ambitions.

The Internet vigilante hacker group Anonymous claimed to have broken into an Apple Inc server and published a small number of usernames and passwords for one of the U.S. technology company's websites.

Private equity real estate funds focused on the North American property market hogged the lion's share of the $11.2 billion raised by those with a final close in the second quarter of 2011, research firm Preqin said.

Massive transforming robots in 3-D were one of the key selling points in Transformers: Dark of the Moon, and they were a big part of the movie's domestic box office results in the movie's opening weekend.

Canadian patent licensing firm Wi-LAN Inc agreed to settle a lawsuit related to Bluetooth technology with chipmaker Texas Instruments, sending its shares up 11 percent to a year high.

Lance Armstrong set the trend and the peloton soon caught the bug with almost every rider in this year's Tour de France now a Twitter user.

On the first day of July, Apple released a Gold Master build of Mac OS X 10.7 Lion to developers, suggesting that the official release of the new operating system in the near future.

The Twitter account of FoxNews.com's political news feed, FoxNewspolitics, was hacked on Monday and sent several false tweets saying that President Barack Obama had been shot dead.

Nestle , the world's largest food company, is among companies in talks with Chinese candies and pastries group Hsu Fu Chi International on a deal that could be worth over $2 billion.

The Twitter account of FoxNews.com's political news feed, FoxNewspolitics, was hacked on Monday and sent several false tweets saying that President Barack Obama had been shot dead.

Samsung's flagship Smartphone, the Samsung GALAXY S II, has reached a milestone in sales with carrier partners around the world, attaining global channel sales of 3 million units.

A new app aims to maximize the chances of meeting a member of the opposite sex by using facial recognition technology to show how many men and women there are in any given bar.

Happy Fourth of July! On this day, spectacular fireworks displays will color the skies of Philadelphia, the city where America's independence was born.

Nearly 10 percent of European insurers would need to raise fresh capital in the event of a severe economic shock accompanied by a plunge in share prices, tumbling interest rates, and a property market crash, European insurance regulator EIOPA said on Monday.

As Apple continues to remain tight-lipped about iPhone 5 specifications and release date, rumors of three mega-smartphones which if released can totally squash iPhone's prospects, have been circulating for sometime.

Nestle , the world's largest food company, is among companies in talks with Chinese candies and pastries group Hsu Fu Chi International on a deal that could be worth over $2 billion.

Beijing solidified a business partnership with Zimbabwe last week that unionists say is responsible for abusive work environments across the southern African nation.

Wild horses are gathered during the Rapa Das Bestas event in the village of Sabucedo.

Following are the top 10 movies at the North American box office for the three-day weekend beginning on July 1, led by the new release Transformers: Dark of the Moon, according to studio estimates compiled on Sunday by Reuters.

Canadian patent licensing firm Wi-LAN Inc said it agreed to settle litigation related to Bluetooth technology with chipmaker Texas Instruments for an undisclosed amount.

Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky, even if the borrowers have not asked, the New York Times reported on Sunday.