IBT Staff Reporter

Ford Motors will debut its midsized compact car at the Detroit auto show in January.

The trustee seeking to recoup money from Bernard Madoff's Ponzi scheme is suing hundreds of individuals, banks and funds around the world that he asserts benefited improperly from the epic fraud.

A unit of Goldman Sachs Group Inc has won the auction for UK-based Paternoster , the specialist pensions business, for an undisclosed sum.

European Union leaders will agree next week to insert two sentences into the EU treaty to pave the way for the creation of the European Stability Mechanism from 2013, draft conclusions of the summit showed.

Saudi Arabia said on Saturday that it still favored a $70-$80 range for oil, a restatement of a two-year-old policy that will relieve consumer nations worried that Riyadh might let oil prices get out of control and slow global economic recovery.

Saudi Arabia said on Saturday that it still favored a $70-$80 range for oil, a restatement of a two-year-old policy that will relieve consumer nations worried that Riyadh might let oil prices get out of control and slow global economic recovery.

Airbus parent EADS threw its backing behind Airbus sales chief John Leahy and other current or former executives caught up in a long-running insider trading investigation, saying it was sure they would be cleared.

Satellite phones aren't as clunky as they once were, and technology has made them more powerful. Yet so far few have made the business work

OPEC on Saturday readied an agreement to leave oil production restraints in place, despite a recent surge in crude prices to $90 a barrel.

Europe's single currency is here to stay and those who bet against its survival are making a mistake, German Finance Minister Wolfgang Schaeuble said.

The December rally may be reaching its climax, with just two weeks to go before Santa Claus makes his midnight run. Dwindling volume, excess optimism, and history all point to a stock market that could be running out of steam.

UniCredit unit Bank Austria plans to contest vigorously a U.S. lawsuit linking it to Bernard Madoff's multibillion dollar financial fraud, the Austrian bank said on Saturday.

Dutch bank ABN AMRO said on Saturday a $270 million claim filed against it by a trustee seeking to recoup money for victims of Bernard Madoff related to operations now owned by British bank RBS .

The Supreme Court said on Friday that it would decide whether generic drug companies could be sued under state law over allegations they failed to provide adequate label warnings about potential side effects.

A loose grouping of cyber activists supporting WikiLeaks has abandoned its strategy of online attacks on organizations seen as hostile to the site in favor of spreading the leaked documents far and wide online.

TNT announced it is ending 'The Closer' series after Kyra Sedgwick's contract with them ends in 2011.

The Indian unit of Japan based leading car maker Nissan Motors has launched the diesel variant of its compact hatchback Micra in the Indian market. The new model has been put in the price bracket of Rs 5.59 lakh to Rs 6.05 lakh (ex-showroom Delhi).

TNT announced it is ending The closer series after Kyra Sedgwick's contract ends with them in 2011

German Chancellor Angela Merkel told Czech and Polish prime ministers that she would welcome their countries into the eurozone, daily Lidove Noviny reported on Saturday, citing unnamed sources.

France wants a wide international debate as it takes over the G20 presidency to drive its plans for an overhaul of the global monetary system and economic governance, Economy Minister Christine Lagarde said on Saturday.

Chelsea Handler continues calling Angelina Jolie names in her supposed defense of her friend Jennifer Aniston

In a development that comes as a huge relief to travellers passing through regions of volcanic activity, researchers have found a new way of tracking volcanic ash cloud ahead.

Jamie Oliver’s latest book 30 Minute Meals has emerged the fastest selling non-fiction book of all times. The book published by Penguin has sold 735,000 copies in two months, averaging 18 copies a minute during opening hours.

Connecticut's Attorney General formally demanded that Google Inc hand over personal data collected by its Street View cars, saying that inspecting the data is crucial to assessing a penalty.

NEW YORK - Another year, another dashed hope.

NEW YORK - Another year, another dashed hope.

The company says it can protect copyright holders, despite the longer videos it now allows on the site.

Oracle Corp is seeking another $211 million from SAP AG on top of the $1.3 billion jury verdict it won last month after a widely watched copyright infringement trial.

NEW YORK - Justin Bieber was the world's most-streamed music artist in 2010, according to numbers shared by video analytics company TubeMogul.