IBT Staff Reporter

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FedEx raises quarterly earnings outlook

FedEx Corp said profits in both the current and subsequent quarters would be higher than it had earlier expected, citing an improving economy and fuel prices, and its shares jumped 4.5 percent in premarket trading.

Moby miniseries reels in Hurt, Hawke

The upcoming Teutonic retelling of Moby-Dick has its Ahab: William Hurt has signed on to play the megamaniacal, peg-legged captain of the whaler Pequod, and Ethan Hawke has inked to play Starbuck, the first officer who is just about the only sailor who defies him.

British baritone Farnsworth wins Wigmore prize

Singing songs on subjects ranging from death to drink, British baritone Marcus Farnsworth has won the top prize in the sixth biennial Wigmore Hall/Kohn Foundation International Song Competition.

Lineup announced for Juanes' Havana concert

An international lineup of Latin acts will join Colombian rocker Juanes at his controversial Paz Sin Fronteras (Peace Without Borders) concert, scheduled for Havana, Cuba, on September 20.

Black Eyed Peas, Jay Sean lead U.S. singles chart

The Black Eyed Peas logged an 11th week at No. 1 on Billboard's Hot 100 singles chart Thursday with I Gotta Feeling, extending the hip-hop group's unbroken reign to 23 weeks when its previous hit Boom Boom Pow is factored in.

Indie rockers join forces as Monsters of Folk

On a hazy mid-August morning at the swanky Viceroy hotel in Santa Monica, California, indie rock royalty Conor Oberst, Jim James, M. Ward and Mike Mogis -- who have gathered to promote their new band, Monsters of Folk -- are nestled on a mustard-colored couch in a quiet room with all-yellow vintage decor that resembles a set from a Stanley Kubrick film. At the moment, however, their concerns are b...

New York's September 11 museum to play martyrdom tapes

A museum dedicated to the September 11 attacks will play martyrdom videos made by the hijackers but testimonials by the public would be screened to prevent sympathizers from praising the perpetrators, museum officials said.

Sony animation unit inks deal with Seibert

As it expands its circle of producers, Sony Pictures Animation has struck a multiyear, first-look deal with Fred Seibert and his Frederator Studios to develop animated features.

Wall Street set for flat open after 5-day run

Wall Street was poised for a flat to higher open on Friday as positive remarks from Treasury Secretary Timothy Geithner supported optimism for a recovery, but stocks could stall after five days of gains.

New York housing complex decision seen

New York state's top court is likely to rule next month on a Manhattan housing complex legal battle that could derail one the United States' largest real estate deals and reshape the city's residential rental market.

Daily Outlook - Sept 11

China's Economy Surprises; Gov't Can Cut Back Finance Support; New Leadership at Morgan Stanley

Iranian street protests hit big screen in Venice

Twenty one-year-old Iranian director Hana Makhmalbaf brings the bloody street protests that followed June's presidential vote to the big screen in a film looking at the hopes and frustrations of the country's youth.

Iran leader warns opposition of harsh response

Iran's top leader told the opposition on Friday they would face a harsh response if they drew their swords against the Islamic Republic, three months after a disputed election that sparked widespread unrest.

Toronto film festival raises curtain on Creation

The Toronto International Film Festival made a rare break with tradition at its gala opening on Thursday night, debuting British drama Creation at the key event long considered a starting point in the race for Oscars.

Japan Q2 GDP revised down as inventory falls

Japan's economy grew a revised 0.6 percent in the three months to June, less than preliminary figures had shown but confirming that the economy crawled out of recession after a full year of sharp contraction.

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