IBT Staff Reporter

German chancellor Angela Merkel is hesitating to back the nomination of Italy's Mario Draghi as the next president of the European Central Bank because she wants several demands met in return, a magazine said on Sunday.

Mean Girls star Lindsay Lohan has acknowledged her wrongdoings and is ready and willing to plead no contest to charges that she had stolen a $2,500 necklace from Kamofie & Co., a swanky jewelry store, in Los Angeles.

Italy's market watchdog Consob is to speed up its examination of the offer prospectus filed by French dairy group Lactalis for Italian rival Parmalat , Consob's head said in an newspaper interview on Sunday.

Infosys Technologies Ltd, India's No. 2 software services exporter, is on the hunt for acquisitions in Europe and Japan and in industries including healthcare and public services, its chief executive said on Sunday.

China's manufacturing growth slowed in April, a survey showed on Sunday, suggesting that the government's tightening efforts have weighed on the world's second-largest economy more heavily than expected.

Warren Buffett said he was wrong not to press David Sokol about purchases of Lubrizol Corp stock while his former top lieutenant was pitching the chemicals company as a possible takeover target for Berkshire Hathaway Inc.

A massive crowd -- with the majority consisting of young people -- sang, prayed and celebrated as they waited for Sunday's beatification.

Tattoo artist S. Victor Whitmill, who has created, inked and copyrighted former heavyweight boxing champion Mike Tyson's iconic facial tattoo, has hauled Hollywood movie producer Warner Bros. to court for using the tattoo design without his consent in the upcoming comedy movie The Hangover: Part II.

Tattoo artist S. Victor Whitmill, who has created, inked and copyrighted former heavyweight boxing champion Mike Tyson's iconic facial tattoo, has hauled Hollywood film producer Warner Bros. to court for using the tattoo design without his consent in the upcoming comedy movie The Hangover: Part II.

Warren Buffett said he expects the Congress to raise the nation's debt ceiling before it expires in mid-May, and said it would be that body's most asinine act ever if it failed.

Berkshire Hathaway Chairman Warren Buffett on Saturday admitted he made a 'big mistake' by not following up on former top deputy David Sokol's revelations of stock purchases which Buffett called violations of the company's insider trading rules.

World number two Novak Djokovic progressed to the final of the Serbia Open on Saturday after his semifinal with fellow Serb Janko Tipsarevic was cancelled after Tipsarevic withdrew with a thigh injury.

Warren Buffett said he had made a mistake by not asking more about David Sokol's purchases of Lubrizol Corp stock while his former top lieutenant was pitching the chemicals company as a possible takeover target for Berkshire Hathaway Inc.

The saga surrounding the French Football Federation and its racism allegation has deepened after Technical director Francois Blaquart was suspended from his post at the FFF.

Britain's Prince William and Catherine, Duchess of Cambridge, walk together in Buckingham Palace, following their wedding on Friday, in central London April 30, 2011.

Lawyers of Dr. Conrad Murray, the prime accused in the high-profile manslaughter trial of pop star Michael Jackson has requested a delay in the trial as they need more time to prepare to cross-examine new prosecution witnesses.

Sony Corp.'s Executive Deputy President Kazuo Hirai will hold a press conference on Sunday to talk about the recent security breaches of the PlayStation Network. It is the first time a company executive is directly addressing the issue.

Berkshire Hathaway Chief Executive Warren Buffett downplayed on Saturday the idea of a first-ever dividend for shareholders, as he opened his conglomerate's annual meeting for a crowd of tens of thousands of people.

While at Buckingham Palace, William and Kate posed for official photos with their families.

Mean Girls star Lindsay Lohan, who was handed down 120 days in jail and 480 hours of community service for violating her probation, said she is kinda shocked by the sentence but is ready to face the consequences for attempting to steal a $2,500 necklace from a swanky jewelry store in Los Angeles and will plead no contest to the theft charge as early as next week.

Berkshire Hathaway Inc will report a significantly lower first-quarter profit, as one of the worst quarters ever for global catastrophes weighed on the company's insurance businesses, Chief Executive Warren Buffett said on Saturday.

The Goodyear Tire & Rubber Company reported higher tire unit volumes, record sales and higher earnings for the first quarter of 2011, the company said in a statement.

Two German government advisers see a debt restructuring by Greece as inevitable while two of the overborrowed country's ministers continued to rule it out in newspaper interviews on Saturday.

Sony Corp's No.2 Kazuo Hirai will brief media on Sunday about a huge security breach of its PlayStation Network, the first time an executive of the Japanese electronics giant will publicly address the case, which could prompt global legal actions.

Sony Corp's Executive Deputy President Kazuo Hirai will hold a news conference on Sunday on a massive security breach of its popular PlayStation Network, the Japanese electronics giant said.

Bank of Japan Governor Masaaki Shirakawa said on Saturday that the country's economic outlook was very severe and that the central bank would take appropriate action to support the economy.

Warren Buffett may be under fire from New York investment managers over a scandal involving one of his former lieutenants, but on his home turf his most loyal shareholders think he is doing just fine.

Prince William and Catherine Middleton continued the 88 year tradition of the British monarchy to use wedding ring made of rare Welsh gold. Ironically, it was May 1999 when Gordon Brown sold half of Britain's gold reserves at rock bottom prices, squandering many billions of the national wealth.

Apple Inc won the first round in a patent fight with Elan Microelectronics Corp over touchpad technology, the ITC said on Friday.