IBT Staff Reporter

Large blue chips, including some consumer-oriented companies, will have to show they can counter sluggish developed economies by leveraging growth in emerging markets and technology -- if Wall Street is to maintain earnings momentum this week.

China's inflation will fall slightly in the second half of 2011, but it will be tough to keep the full-year rise in consumer prices below the government's 4 percent ceiling, an official said in remarks reported on Sunday.

Wal-Mart Stores Inc has begun testing an online grocery delivery service in San Jose, California, a company spokesman said on Saturday.

China and South Korea rebuffed on Sunday Japan's calls for more reasonable restrictions on imports of food and other products that could be contaminated with radiation after last month's nuclear disaster, showing the difficulty Japan will face in restoring trust in its products.

In a water-logged Stamford Bridge, Chelsea kept pace, and their title hopes, alive with a 3-0 win over cross town rivals West Ham United in Saturday's late kick-off in the English Premier League.

Manchester United went closer to a record 19th League title after Javier Hernandez scored in the 84th minute against Everton to send United nine points clear of Chelsea who play later in the day.

Kevin Antoine Dodson, star of a viral Internet song warning neighbors to watch out for a sexual predator, was arrested and charged with marijuana possession after being stopped for speeding, police said on Saturday.

Bank of Japan Governor Masaaki Shirakawa said the country's economy will likely shrink in the first half of 2011 due mainly to stalled output in the wake of Japan's March 11 earthquake and tsunami, the Wall Street Journal reported on Saturday.

The head of Mizuho Bank, the retail banking unit of Japan's second-largest lender Mizuho Financial Group, will resign by June over a massive computer glitch, the Asahi newspaper reported on Saturday.

Actress Lindsay Lohan's chances of a return to her movie career, already in dire straits, took another step backward on Friday after a judge's ruling.

The Malkin family has plans for a publicly traded real estate company with buildings including a historic landmark property the Empire State Building.

Lambert-St. Louis International airport was damaged and closed on Friday evening after a storm brought a tornado to the area.

Fernando Torres scored his first goal for Chelsea as the Blues secured a 2-0 win in the West London derby against West Ham to cut back Manchester United's lead at the top to six points.

Former Sony President and Chairman Norio Ohga, who gave up a career as an opera singer to join the fledgling consumer electronics maker in the 1950s and later led its expansion into movies and video games, died on Saturday, the company said. He was 81.

Manchester United went closer to a record 19th League title after Javier Hernandez scored in the 85th minute against Everton to send United nine points clear of Chelsea who play later in the day.

In its suit against Samsung, Apple is accusing Samsung of copying significant portions of the iPhone's functionality for use in devices like the Galaxy S. But are the devices really that similar?

As the finale draws near, Manchester United will face Everton at Old Trafford, looking to maintain their six-point lead at the top in a bid to win a record 19th title.

The government of the Chinese city of Shanghai is cutting some fees to defuse striking truck drivers' anger over high fuel prices, an official spokesman said Saturday, after days of confrontation earlier this week disrupted the world's busiest port.

Terry Jones, the Florida pastor infamous for instigating burning of the Islam holy book Koran leading to a backlash across the globe, has reportedly landed in jail for planning a protest outside a mosque.

Scandal-prone actress Lindsay Lohan has been ordered to serve 120 days in jail along with 480 hours of community service in connection with the alleged theft of a necklace on probation violation.

As part of the US administration's efforts to reduce U.S. oil imports by one-third by 2025, the US Department of Energy has announced new funding and partnership with Google to promote electric vehicles.

Sen. John McCain, who visited the Libyan rebel stronghold of Benghazi on Friday, called for the United States and every other nation to recognize the rebels fighting against forces led by Col. Muammar Gaddafi and for responsible nations to arm them.

Theme park operator Six Flags Entertainment Corp said an arbitrator ruled in favor of certain claims made by its former Chief Financial Officer Jeffrey Speed.

Researchers at Carnegie Mellon use HTML5 based browser technology to create a hyperactive time-lapse high-resolution video and image sequencing feature.

The latest Google Android-based smartphone made by Samsung will bring a serious challenge to Apple's venerable iPhone 4, and the upcoming iphone 5.

Mining giant Rio Tinto said on Friday it would pay the government of Guinea $700 million after reaching an agreement to resolve all outstanding disputes over blocks 3 and 4 of its Simandou iron ore project.

Manchester United manager Sir Alex Ferguson has pinpointed Chelsea over Arsenal as the greater threat to their pursuit of a 19th league title.

Prof. Ferdinand Porsche developed the world’s first hybrid car, first advanced electric car, and all-wheel drive car a century ago, and now Porsche brings a recreation of his Semper Vivus to New York.

NASA has released breathtaking photos of the earth in honor of Earth Day, here are ten of the best.