IBT Staff Reporter

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.

Banks are hoping to win at least a small reprieve from the Federal Reserve on Wednesday when the central bank releases a final proposal cracking down on the fee banks charge retailers when a debit card is used.

A Manhattan grand jury has found a second defendant not guilty of all charges in the Deutsche Bank manslaughter trial after eight days of deliberations.

Global agribusiness company Monsanto Co said on Wednesday that net income surged nearly 80 percent in the third quarter due to strong sales in its core seeds and genetic traits businesses.

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

Gaikai, a privately-held cloud gaming firm whose backers include Electronic Arts and Intel Capital, expects to sign deals with major publishers and video game makers, as the market shifts from console-based games to online titles.

John Brown's Body make waves in progressive reggae

The Dallas Mavericks may be losing their backup point guard J.J. Barea to free agency. Barea indicated that he would like to return to the defending champions, but would leave for the right price.

One of the biggest oil market manipulation cases undertaken by regulators is entering a new phase in which a judge will mediate settlement talks, three years after the case was launched.

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

YOTEL: a new hotel in NYC where robots do the dirty work.

Square, the mobile payment service started by Twitter co-founder Jack Dorsey, secured $100 million in a financing round led by Kleiner Perkins Caufield & Byers.

England's favorite bachelorette, Pippa Middleton, was seen with her rumored ex-boyfriend Alex Loudon at Wimbledon.

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

Mark A. Davis's new book, Rejection, is about a failed novelist who takes the initiative after years of rebuffs from publishers.

Apple's current $999 white MacBook has met with a severe supply constraint at a number of retailers, suggesting a draw-down in stocks ahead of a potential update.

Two new studies have found that even diet sodas can make you gain weight and become fat.

Some public figures are so famous that there are dolls made to replicate them. We've selected our top 8 favorite celebrity and public figure figurines.

China is criticizing the US' Senate's interference in the mounting geopolitical struggle for the South China Sea.

Stocks rose on Wednesday after the Greek parliament approved austerity measures, clearing a major hurdle in the country's bid to win access to international funding to avoid default.

Pope Benedict XVI sent out his first message on Twitter publicizing Vatican's news website.

After all the buzz about the iPhone 5 debating over an August or September launch date in 2011, the fifth-generation iPhone along with the cheaper progeny will not launch until 2012, according to Wall Street.

Deutsche Boerse and NYSE Euronext formally sought EU approval for their planned $9 billion tie-up on Wednesday, triggering a lengthy review expected to focus on the derivatives and clearing businesses.

With a new show and a new solo record deal, will Katharine McPhee finally make it big?

The couple is taking time apart but has not officially filed for divorce, according to OK! Magazine.

RockMelt, a Web browser that integrates Facebook and other social media, reeled in two more Silicon Valley heavy hitters in a new $30 million round of financing.

Gina Rinehart, the richest person in Australia could soon beat Carlos Slim, Bill Gates and Mark Zuckerberg, if the Citigroup’s predictions are correct.

The recent research project Costs of War find the estimated cost of the wars in Iraq, Afghanistan and Pakistan could be $3.7 to $4.4 trillion,

Stocks rose on Wednesday after the Greek parliament passed an austerity plan and a mildly encouraging report on pending home sales.