IBT Staff Reporter

The auto industry sputtered to its second consecutive month of weaker-than-expected U.S. sales in June, marked by disappointing results from General Motors Co, Ford Motor Co and the big Japanese automakers, as the weak economy and tight supply of cars left buyers wary.

If a bankruptcy court approves, Borders Group Inc., the nation's second-largest bookstore chain, will be owned by a direct marketer before the end of the month.

Tag Heuer's latest android smartphone has made the news due to its price tag of $6,700. Users who expect luxurious standard can be pleased to hear that the Swiss watchmakers crafted a high end phone made of 18 carat gold packaged with accented diamonds and wrapped with your choice of calfskin, alligator skin, or carbon leather.

Venture-backed IPOs saw their strongest quarter since 2000 with offerings valued at $5.5 billion coming to the market in the second quarter of 2011, according to an exit poll by Thomson Reuters and the National Venture Capital Association .

New York Times Co said on Friday it sold more than half its stake in the company which owns the Boston Red Sox baseball team, and is looking to sell the rest of its share.

Berkshire Hathaway Vice Chairman Charlie Munger on Friday stuck by Chinese auto maker BYD <1211.HK>, which has become one of Berkshire's most controversial investments amid poor performance and revelations about its business practices.

European investigators from the European Food Safety Authority are looking to Egyptian fenugreek seeds as a potential culprit in this month's E. coli pandemic.

Zynga Inc filed paperwork on Friday for an initial public offering, the latest in a series of hot social media companies to seek capital in the U.S. public markets.

Facebook CEO Mark Zuckerberg said the social network giant plans to launch something awesome next week, possibly in response to the Google+ release earlier this week.

International banks and insurers attempted to paper over major cracks in a proposed Greek debt rollover on Friday, saying there was broad support to reinvest in the country.

Stocks started July with a bang on Friday with Wall Street scoring its best week in two years on strong manufacturing data that eased concerns about slowing growth.

After a delay of more than two months, AT&T Inc has agreed to support BlackBerry maker Research In Motion Ltd's Bridge application, which lets BlackBerry users see email and other services on RIM's PlayBook tablet without incurring additional charges.

On a recent morning at Master Lock's 90-year-old factory in Milwaukee, a cluster of machinery was whirring, every 2 seconds spitting out one of the combination locks used by American high schoolers as the company readied for the back-to-school rush.

by Danielle RobinsonNEW YORK, July 1 - Bank of America Corp's decision to resolve $14 billion worth of mortgage backed securities-related liabilities might have boosted its stock and bond prices, but it has put it further behind its peers in the race to build up enough capital to be Basel III compliant.

Stocks started July with a bang on Friday with Wall Street scoring its best week in two years, helped by strong manufacturing data that eased concerns about slowing growth.

These celebrities are not yet 30, but they are bringing in the big bucks.

Search giant Google Inc, facing a broad antitrust probe into its business practices, has hired 12 lobbying firms, a spokeswoman from the company said on Friday.

The BlackBerry, once ubiquitous in business, faces deep challenges in that market as more companies allow employees to pick their own smartphones and add third-party security applications.

Citigroup was the top bookrunning underwriter of U.S. municipal bonds in the first half of 2011, according to Thomson Reuters data on Friday.

Online video site Hulu has begun preliminary sales talks with about a dozen potential buyers, including Google Inc, Microsoft Corp and Yahoo Inc, according to a source familiar with the situation.

Eli Lilly and Co is again defying the accepted wisdom of its pharmaceutical industry peers.

Make no mistake about it, Google+ is not a new Buzz. Thus far, any privacy concerns are unwarranted.

A group including Apple, Research In Motion and Microsoft will pay $4.5 billion to snatch Nortel Networks' patents from under the noses of Google and Intel, stealing a march on their rivals in a litigious market.

Lehman Brothers Holdings Inc said creditors holding more than $100 billion of claims now support its reorganization plan, moving the company closer to emerging from the largest-ever U.S. bankruptcy.

July started on a positive note for U.S. stocks with Wall Street notching its fifth day of gains on Friday after a surprising jump in manufacturing data eased concerns about a tepid economic recovery.

North Africa is not a homogenous bloc of Arab societies, struggling in unison for one pan-Arab cause. U.S. media coverage of the Arab spring in Tunisia and Egypt has largely ignored the mass movement of North Africa's ethnic minorities.

The heartfelt story of children with a rare disease received widespread attention this week once researchers found that a drug called rapamycin, an immunosuppressant drug, could treat Hutchinson-Gilford progeria syndrome (progeria), according to a recent study published in Science Translational Medicine.

TAG Heuer,a Swiss luxury watchmaker, has launched a luxurious $6,750 (€ 4,700) Android Smartphone called 'TAG Heuer LINK'.

Despite the summer heat, numerous natural disasters across the nation have chilled the authorities and local citizens - not just because if their innate threats, but due to the extending threats posed by their neighboring nuclear power plants. The almost record-breaking wildfire in Los Alamos, New Mexico has been raging dangerously close to the Los Alamos National Nuclear Laboratory, while record floods in Missouri threaten two nuclear plants in Nebraska.