IBT Staff Reporter

American Express Co said it could face up to an additional $500 million in losses from lawsuits and governmental examinations, on top of what it has already reserved for them.

HSBC cut its profitability targets due to the cost of tougher banking regulations and plans to cut costs and overhaul other areas after its annual profits fell short of expectations.

Citigroup Inc could face up to $3 billion in claims from the bankruptcy proceedings of Lehman Brothers Holdings Inc , the third largest U.S. bank by assets said in a regulatory filing on Friday.

The home of Socrates, Plato and Aristotle is the most flirtatious city of the modern world, a new study showed on Monday.

JP Morgan follows Goldman Sachs dive into social networking territory, as it is in talks of acquiring a 10 percent minority stake in micro blogging site Twitter.

The proportion of total gold demand accounted for by jewelry fell to just over 50 percent in 2009 from 75 percent in 2004. In the same period investment demand nearly tripled. But jewelry buyers still have a key role to play in the gold market, which they are likely to keep despite any slight fall-off in demand.

The Manchester United striker Wayne Rooney was caught elbowing James McCarthy but will miss no games

Sprint has rolled out a new smartphone application for its customers to track down a lost device and protect their personal information from misuse and unauthorized access.

A series of small earthquakes struck north central Arkansas, centered near the town of Guy and Greenbrier.

Gold rose to $1,413 an ounce in Europe on Monday as turmoil in the Middle East region lifted safe-haven buying and fueled a fresh spike in oil prices, stoking concerns over U.S. growth and knocking the dollar.

The 83rd Annual Academy Awards took place Sunday night. All of Hollywood’s biggest stars gathered at the Kodak Theatre in Los Angeles to honor the best films of the year.

Stock index futures pointed to a higher open on Monday after bullish comments from a Federal Reserve official eased concerns that high oil prices could hurt economic activity.

Euro zone inflation was lower than initially estimated in January but still well above the European Central Bank's target and likely to rise further in February due mainly to more expensive oil.

Carmakers gathering in Geneva this week are scrambling to boost their presence in booming emerging regions, as they showcase the new models they hope will boost their share of Europe's flat market at the auto show.

A new JPMorgan Chase & Co technology fund is in talks to buy a substantial stake in Internet messaging and communications site Twitter, the Financial Times reported on Sunday, citing people familiar with the plans.

Selena Gomez and Justin Bieber go official with their relationship at Vanity Fair Oscar party. Although this ends the rumors, the past relationships of the Disney star is now under the spotlight. The slideshow recalls guys Gomez dated before Bieber.

Ventas agreed to acquire smaller rival Nationwide Health Properties for $7.4 billion or $44.99 a share in stock, creating one of the largest publicly traded real estate investment trusts (REITs) in the United States.

The Pulitzer Prize-winning novelist Upton Sinclair’s former home in Monrovia has been listed on the market for $1.5 million.

Red Bull will have their Renault engines renamed Infiniti this season and in the process boost the team's budget by at least £7m.

A 30-year health study in the United States has shown that higher the degree held by a person, the lower his blood pressure.

Even for Carlos Ghosn, the supremely confident CEO of the Renault-Nissan automotive alliance, criticism sometimes hurts.

Stock index futures were higher on Monday after bullish comments from a Federal Reserve official about the economy, easing concerns that high oil prices could hurt economic activity.

Libyan leader Muammar Gaddafi's confidant, described as a voluptuous blond Ukrainian nurse, has deserted him amid violent protests in the country demanding his ouster.

The iPhone 5 is expected to be released this summer, contrary to rumors of delay in the market.

Oil prices turned lower on Monday as reassurances from Saudi Arabia that extra supply needs had been met soothed market fears over the spread of protests to oil-producer Oman.

A new online initiative titled Unileaks - clearly inspired by the radical Wikileaks organization - seeks to expose the murky truths of higher education around the world.

Japan's unpopular government was trying on Monday to push through a $1 trillion budget for the year from April but with little chance of getting a divided parliament to pass the bills needed to make it work.

A Illinoise man was in disbelief after learning that he invested two and a half years of his life as well as $200,000 on a fake online girlfriend.

Glencore, the world's largest commodities trader, is briefing analysts ahead of a possible flotation that could be one of the biggest listings ever seen in London, sources familiar with the situation said.