IBT Staff Reporter

Arsenal were dumped out of the FA Cup as Manchester United dealt the Gunners a 2-0 defeat at Old Trafford in the FA Cup quarter-final.

The government has given BHP Billiton the second new permit to drill in the Gulf of Mexico since the Macondo oil spill, the Bureau of Ocean Energy Management said on Saturday.

The unprecedented nature of Friday's earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses especially challenging, senior executives at two top catastrophe modeling firms said on Saturday.

NASA's Earth Observatory team has published enhanced satellite images comparing before and after shots of the northeastern Japanese city of Sendai after a massive 8.9 magnitude earthquake and tsunami struck the coast, pointing out areas hit by flooding.

An inter-city tour bus traveling from a casino in Connecticut to New York City overturned on Saturday killing 13 people, according to reports.

The military has grounded its entire fleet of 10 F-35 fighter jets built by Lockheed Martin Corp while it investigates a dual generator failure and an oil leak that occurred during a flight test last week, the company said.

BP's partners in Russian joint venture TNK-BP have rejected a peace proposal by the British oil major to involve them in talks on joining a disputed BP alliance with Russia's Rosneft.

The Tokyo Electric Power Company (Tepco) has confirmed that there has been a release of a small amount of radioactive material at one of its two Fukushima-based nuclear plants where the cooling mechanism had failed after Friday's devastating earthquake.

An explosion at a nuclear power plant in Japan's eastern coast did not take place at the critically important reactor, but officials have nonetheless expanded an evacuation area for residents from about 6 miles to 12 miles.

Arsenal travel to Old Trafford on Saturday for the FA Cup quarter-final against arguably their greatest rival Manchester United.

A government probe into the fall of Lehman Brothers Holdings Inc has hit so many snags that enforcement officials fear they may never be able to bring civil or criminal charges against company executives, the Wall Street Journal reported on Saturday.

Arsenal travel to Old Trafford on Saturday for the FA Cup quarter-final against arguably their greatest rival Manchester United in what could be a classic.

Thousands of people in tech-savvy Japan swamped the Internet in the hours after a devastating earthquake and tsunami to tell loved ones they were safe, but social networking sites were also flooded with worries about an explosion at a nuclear plant.

An inspiring compilation of management quotes from our choice of 7 CEOs, which reflect on their styles and show us how they led their organizations to feature among the most admired companies in the world.

Volcanic eruptions are usually associated with Hawaii, but they are as great a danger -- perhaps more so -- in the continental U.S.

Wal-Mart , the world's largest retailer, has apologized for selling duck meat past its expiry date in a store in southwest China's Chongqing region, the official Xinhua News Agency reported on Saturday.

'Pokemon' creator Satoshi Tajiri rumored to have died in Japan earthquake on the internet, especially on sites such as Facebook and Twitter.

Technology giant Apple basked in the success of the launch of iPad 2 as tech-junkies gathered in serpentine queues outside outlets across America. Start the slideshow to see the photos as Apple iPad 2 arrives with a bang:

European leaders agreed on Saturday to strengthen the euro zone bailout fund, make its loans cheaper and lower the interest rate on loans extended to Greece, a move to get on top of the year-long debt crisis.

Lawson Software said late on Friday it had received an unsolicited bid from privately held software company Infor and Golden Gate Capital to acquire all its outstanding common stock at $11.25 per share in cash.

Toyota Motor Co <7203.T> said it has halted production at two factories with combined annual capacity of 420,000 small cars built mainly for overseas markets, after a massive earthquake hit Japan the previous day.

As Japan braces for a devastating nuclear meltdown, as put by Greenpeace, international media buzzes with signs of eminent crisis.

Daniel Mudd, the former CEO of government-sponsored mortgage firm Fannie Mae, has received notice from U.S. regulators that he may face claims for allegedly misleading investors about the mortgage company's exposure to subprime loans, Bloomberg said.

It may be too close for comfort for stock investors.

Thousands of people thronged Apple stores on both U.S. coasts as the iPad 2 went on sale on Friday, signaling a strong appetite for a device that dominates the fledgling market it created.

Japanese broadcasters and amateur videographers captured the scenes on the ground and in the air of the moments when an 8.9 magnitude earthquake struck northeastern Japan.

A powerful 8.9 earthquake occured in Japan on Friday triggering a reportedly 33-feet high (10 meters) tsunami that swept away cars, planes, homes and even buildings along the country's northeastern coast. A tsunami warning was issued for the whole Pacific basin, except initially, for the U.S. and Canada.

Euro zone leaders reached a deal in principle on Saturday on making the 440 billion euro ($611 billion) bailout fund more flexible, and also agreed other elements of a comprehensive package to resolve the debt crisis, two EU sources said.

When do you think Spring is coming? Maybe it's the time when you start to see vivid colors on the streets. But the color of Spring has already touched the shoes of 2011 as many designers participating in Paris and New York Spring/Summer 2011 Collection showed off Kill Heel and Wedges.