IBT Staff Reporter

Ford Motors has been ordered by Ohio Court to pay $2 billion to more than 3,000 US truck dealers for overcharging them.

Jun 13, 2011

As the Miami Heat were losing to the Dallas Mavericks in the final minutes of Game 6 in the NBA Finals, players including Heat stars Lebron James and Dwyane Wade appeared to just give up.

Jun 13, 2011

Goldman Sachs is to launch a commodities index with Clive Capital, the world's largest commodity hedge fund, the Financial Times reported on Monday citing a source familiar with the product.

Jun 13, 2011

Citigroup will close its Japan office for Citi Venture Capital International as the high-growth focused fund management firm has failed to find any attractive investments, two people with direct knowledge of the closure said.

Jun 13, 2011

Allied World Assurance Co Holdings agreed to buy Transatlantic Holdings for $3.2 billion in stock, creating a specialty insurer and reinsurer with broader reach and product offering.

Jun 13, 2011

Dallas Mavericks forward Dirk Nowitzki was named the NBA Finals MVP for his performance throughout the series against the Miami Heat as the Mavericks beat the Heat 105-95 in Game 6.

Jun 12, 2011

The new photos of Representative Gabrielle Giffords have been released on Sunday. It has been almost six months after she was shot in the head in Tucson in January, 2011.

Jun 12, 2011

Dirk Nowitzki, 32, has finally won it all and he will probably come down as the best international player to ever play the game of basketball in the stage of NBA.

Jun 12, 2011

With the game sealed and the NBA title all but decided, cameras panned toward the exit where Dallas Mavericks star Dirk Nowitski exited the court for the locker room with approximately two seconds left in the game.

Jun 12, 2011

Allied World Assurance Co Holdings agreed to buy Transatlantic Holdings Inc for $3.2billion in stock on Sunday.

Jun 12, 2011

The Dallas Mavericks beat the Miami Heat 105-95 in Game 6 of the NBA Finals to win the NBA title for the first time in team history.

Jun 12, 2011

It wasn't a record breaking box office weekend for famed director Steven Spielberg, who is playing the role of producer in this week's number one box office movie.

Jun 12, 2011

Shares of Toyota Motor Corp <7203.T> slid almost 3 percent on Monday after the company forecast a larger-than-expected fall in operating profit as it struggles to restore production following the earthquake in March.

Jun 12, 2011

Transatlantic Holdings Inc and Allied World Assurance Co Holdings said on Sunday they will merge to create a premier global specialty insurance and reinsurance company.

Jun 12, 2011

The Dallas Mavericks are leading the Miami Heat 53-51 at halftime in Game 6 of the NBA Finals in Miami. The game has been a rollercoaster ride of a half with wild swings and extended scoring runs by both teams.

Jun 12, 2011

Washington should streamline permitting for construction projects and make it easier for tourists to visit the United States to help boost hiring and spur the economy, a top adviser to President Barack Obama said.

Jun 12, 2011

A number of Wall Street's biggest banks are preparing to lower their use of U.S. Treasuries in August, the Financial Times reported on Sunday.

Jun 12, 2011

The 500 workers at India's Dell factory, clad in blue uniforms and the occasional bright pink salwar kameez, are all Indian. Computers leaving the assembly line go to millions of newly affluent Indians feeding an explosion in consumer demand. But the boxes of component parts on the floor say Made in China.

Jun 12, 2011

According to a new research bariatric surgery does not assist older men to live longer.

Jun 12, 2011

Family Radio president Harold Camping, who famously predicted that about 200 million people will Rapture on May 21 and the world will be destroyed five months later, on Thursday night suffered a stroke which has affected his ability to speak.

Jun 12, 2011

Harold Camping, president of Family Radio, a Christian radio ministry, suffered a severe stroke on Thursday night and had to be hospitalized, triggering concerns as to whether his followers will ever be able to hear his famous gravelly voice broadcast over 66 stations anymore.

Jun 12, 2011

Access to the website of Spain's national police force was blocked for over an hour late on Saturday in a reprisal attack by the hackers' group Anonymous, the newspaper El Mundo said on its website Sunday.

Jun 12, 2011

French Finance Minister Christine Lagarde stretched her lead in the race for the IMF's top job on Sunday when Indonesia became the first big developing economy to back her publicly.

Jun 12, 2011

Montreal Grand Prix is halted because of heavy rain.

Jun 12, 2011

Alberto Contador, the three-time Tour de France winner, will ride in this year's Tour de France, despite an ongoing doping case into his alleged use of clenbuterol, a banned substance.

Jun 12, 2011

According to a new study bariatric surgery does not help older men to have a longer life.

Jun 12, 2011

Trademark disputes are nothing new for Apple. The recent lawsuit against Apple's newly announced cloud service iCloud adds to its long list of disputes over using trademarks obtained or claimed by other companies.

Jun 12, 2011

Julia Roberts in Montreal for filming snow white

Jun 12, 2011

A no show by iPhone 5 at the Apple Worldwide Developers Conference (WWDC) 2011 could turn out to big a big miscarriage, marking a tectonic shift in Smartphone race favoring rival Android-based phones.

Jun 12, 2011