IBT Staff Reporter

Politicians and bankers are confident a French proposal for a Greek bailout can be adopted without triggering a default or a payout in credit insurance, lifting a key hurdle to a rollover of Greek debt, sources told Reuters.

Will Hilfiger invest in Kors?

Pending sales of existing homes rebounded from a seven-month low in May but demand for mortgages sank last week and the market is still struggling under the weight of a glut of unsold properties.

A Canadian consortium believes it has enough support to stymie the London Stock Exchange's takeover bid for TMX Group , Canada's largest stock market operator, at a shareholder vote on Thursday, a source with the 13-member consortium said.

The number of Egyptians injured in protests today is actually more than ten times the amount reported by international media this morning.

Will Kim wear a Vera wedding gown on her wedding day?

Citigroup has struck a deal with the European arm of collapsed investment bank Lehman Brothers to release over $2.5 billion worth of assets held in its custody business.

President Barack Obama praised New York’s passage of same-sex marriage but refused to take a hard line on the issue at an East Room press conference at the White House Wednesday.

Talk about a great NYC dining experience!

Electra designed a shoe for ShoeDazzle to benefit the One Voice charity.

An unnamed Palestinian prostitute accused of prostitution and identity theft was finally sentenced to one year in prison today in Dubai, according an article from The National.

Family woman Téa Leoni is reported to have split with her husband David Duchovny, but this all around talented woman still has much going for her.

Pending sales of previously owned U.S. homes rose more than expected in May, a trade group said on Wednesday, but a glut of unsold properties remains a drag on the housing market.

Failure by U.S. lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a severe shock to a still fragile recovery and global markets, the International Monetary Fund warned on Wednesday.

A federal judge on Wednesday approved a $153.6 million settlement between JPMorgan Chase & Co and the top U.S. market regulator over allegations a mortgage CDO product defrauded the bank's investors at the time of the housing market collapse.

Selena Gomez was truly surprised when she met Shia Labeouf in his dressing room and posted the video to her Twitter account.

Just days after he marched with Gov. Andrew Cuomo to champion his same-sex marriage victory, Mayor Michael Bloomberg blasted Cuomo's plans to close the Indian Point nuclear plant.

Google has stepped back into the social network ring with the launch of Google+ (Plus). The new social network hopes to succeed where Google's previous Buzz project failed by creating a more natural way for users to connect. The focus is by first playing it safe through utilizing basic functions of sharing photos, chatting, and meeting friends, and then builds on that with some unique features that rival Facebook's groups and text message blasts.

Los Angeles Lakers forward Ron Artest may not be going to Finland as widely reported.

The London and Toronto stock exchanges abandoned plans for a C$3.6 billion merger on Wednesday, as it became clear they would not win enough shareholder support for their transatlantic alliance.

The notebook for everyone is out of stock in many dealers.

A Canadian consortium believes it has enough support to stymie the London Stock Exchange's takeover bid for TMX Group , Canada's largest stock market operator, at a shareholder vote on Thursday, a source with the 13-member consortium said.

U.S. stocks advanced on Wednesday after the Greek parliament approved austerity measures, taking an important step in the country's bid to gain access to international funding to avoid default.

Summerfest, the world's largest music festival, opens its 10-day run with fireworks, performances, and a multitude of exciting activities.

The New York Knicks may be making a run at the oldest player in the NBA in free agent center Kurt Thomas. The 38 year old Thomas played for the Chicago Bulls last year after signing a one year contract for $1.3 million to backup Joakim Noah.

TMZ is reporting that the crash site where Ryan Dunn died last week has been vandalized.

Lehman Brothers Holdings Inc filed a new $65 billion bankruptcy liquidation plan that it said has won wider support, possibly setting the stage for the end of the biggest bankruptcy in U.S. history.

General Mills Inc forecast weaker fiscal-year earnings than Wall Street expected as higher ingredient and fuel costs hammer the food company.

Apple will reportedly offer the iPhone 3GS for free with a two-year contract when the next generation of iPhone becomes available this fall.