IBT Staff Reporter

At an age when most people enjoy retirement, Mexican tycoon Carlos Slim grew his personal fortune by some $20 billion in one year through gains in his telecommunications and mining businesses.

The Wisconsin Senate voted on Wednesday to weaken public employee unions in the state even as 14 Democratic senators remained away from the capital in an effort to delay the vote.

Billionaire investor Carl Icahn on Wednesday said he signed an agreement with power company Dynegy Inc that would allow him to buy up to 19.99999 percent of the company while retaining his voting rights.

Download speeds for consumers using WiFi stations are on average 30 percent slower than they are for users of fixed connections, because of physical barriers and interference from devices like microwaves, a study showed on Thursday.

Maurice Hank Greenberg, the former American International Group Inc chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is biased.

Global miner Rio Tinto raised its offer for Mozambique-focused coal miner Riversdale Mining to $3.9 billion to woo key shareholders who have held up the deal and gain control of coveted metallurgical coal assets.

Hospital operator HCA is slated to become the largest-ever private equity-backed initial public offering. HCA is expected to raise $4.06 billion if it prices shares at the midpoint of the proposed range and underwriters exercise their overallotment option in full.

Rising steel and oil prices in Russia, more honest disclosure in Brazil and booming economies in China and India have fueled a spike in billionaires in the so-called BRIC countries.

The world's largest bond fund has gone ultra bearish on the United States, dumping all of its U.S. government-related debt holdings.

HCA Holdings Inc, the biggest U.S. for-profit hospital chain, sold more shares than planned, at the high end of an expected price range, completing an initial public offering on Wednesday, sources briefed on the matter said.

American Apparel Inc founder and chief executive Dov Charney is being sued for $250 million by a woman who said he treated her as a sex slave when she was a teenage sales employee at the clothing chain.

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Bailed-out insurer American International Group Inc set up a plan to protect tens of billions of dollars in valuable tax assets by discouraging investors from taking large new positions in the company.

A lack of investment in crucial technology systems is to blame for material weaknesses identified last year in the U.S. Securities and Exchange Commission's financial statements, top SEC officials said in testimony prepared for delivery to lawmakers on Thursday.

Renault SA is making plans to exonerate three executives accused of industrial espionage and fired, the Wall Street Journal reported on Wednesday.

Microsoft Corp said on Wednesday it has sold more than 10 million Kinect motion-sensing game system units worldwide in just over four months, making it the fastest-selling consumer device on record.

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Basketball and baseball fans can now use Apple TV to watch game broadcasts.

Chesapeake Gold expects to take on a partner for its massive Metates gold project or even sell it outright, its CEO said, adding that he's already heard from several interested parties.

Shares of private equity-backed HCA Holdings Inc, the biggest U.S. for-profit hospital chain, are expected to price at $30 in an oversubscribed initial public offering on Wednesday, sources with direct knowledge of the situation said.

Morgan Stanley plans to fire 200 to 300 poorly performing brokers and trainees, a person familiar with the plan said on Wednesday.

According to a report by Hollywood Reporter, Julianne Moore has been cast to play Sarah Palin in HBO's new film, Game Change.

Tottenham Hotspur booked their places in the quarter-finals of the Champions League with a solid defensive performance at White Hart Lane, which game them a 1-0 aggregate victory over AC Milan.

Seven children died Tuesday evening from carbon monoxide poisoning and smoke inhalation after a fire engulfed a home in a central Pennsylvania farming town, according to a local coroner.

TMZ is reporting that Sheen received more than 74,040 applications from people in 181 countries.

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The necklace Lindsay Lohan allegedly stole from a jewelry store in California will be auctioned off in a charity.

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Services from RIM and Microsoft aim to strip away Apple's digital music dominance.