IBT Staff Reporter

Britain's National Express is looking to raise between 300 million pounds ($488.6 million) and 350 million in a rights issue after rejecting a proposed takeover approach led by its main shareholder.

Worries over high unemployment pushed U.S. consumer confidence to a four-month low in August, while spending rose modestly in July, indicating the economy's recovery from recession would be lethargic.

A free birthday bash for the public celebration of Michael Jackson's birthday will be held on Saturday and is expected to draw a crowd of more than 10,000, the New York Times reported.

Worries over high unemployment pushed U.S. consumer confidence to a four-month low in August, while spending rose modestly in July, indicating the economy's recovery from recession would be lethargic.

Cerberus Capital Management has been swamped with redemption requests with the Wall Street Journal reporting that investors are asking to pull out $5.5 billion or 71 percent of assets from its hedge funds.

General Motors may be dragging out a decision on the sale of Opel until after German federal elections in 30 days time, calculating that a new government in Berlin may drop its backing for Magna (MGa.TO).

The pay czar tasked by the U.S. government with ruling on the eye-popping compensation of some of Wall Street's top earners is far from a stranger to big paychecks and the trappings of wealth.

Confidence indicates slow recovery; Credit card limits drop; Mets owners in Madoff trouble

Authorities have revealed the story of Jaycee Lee Dugard Thursday afternoon in a press conference, who was kidnapped in South Lake Tahoe when she was 11 years old in 1991.

Apple will sell five to seven million iPhones in China in 2010 as a result of its deal with the country's second-largest mobile carrier, a Wall Street analyst said on Friday.

Guaranty Financial Group Inc has filed for Chapter 11 bankruptcy protection, less than a week after regulators seized its banking unit and sold most of its assets to the Spanish bank, Banco Bilbao Vizcaya Argentaria SA .

Virginia Tech University is again in the limelight after two of the university's students were found dead at a Jefferson National Forest campground, on Thursday.

Oil prices rose slightly on Friday amid lingering optimism that the recession is ending, spelling a rebound in ailing world energy demand.

U.S. stocks mostly slipped on Friday after a weak consumer sentiment report offset positive quarterly results and outlooks, while some investors booked profits after the Dow's eight-day winning streak.

Whirlpool Corp plans to shut a manufacturing facility in Evansville, Indiana, and move some production to Mexico next year, a change that will eliminate about 1.6 percent of its workforce.

Models present creations by Sunset during a swimsuit fashion show at the Istanbul Fashion Days August 27, 2009. Istanbul Fashion Days 2009 will take place from August 27-29 in cooperation with Fashion Designers Association and Istanbul Fashion Academy.

The priciest neighborhood in the United States is Alpine, New Jersey, home of hip hop stars such as Sean

The man accused of masterminding the largest identity theft in U.S. history agreed to plead guilty to related charges, according to court papers filed in Boston federal court on Friday.

Sir Paul McCartney and NYC MTA Board member Nancy Shevell at the MLB game between the New York Yankees and the Texas Rangers at Yankee Stadium in New York, August 26, 2009.

James Cameron's

Film website Flixster launched a new version of its iPhone application Movies this week, highlighting how technology and the Web are bringing Hollywood directly to fans and bypassing traditional information outlets like newspapers.

Oil prices rose above $73 a barrel on Friday amid lingering optimism that the recession is ending, spelling a rebound in ailing world energy demand.

Film website Flixster launched a new version of its iPhone application

Author Fay Weldon sets her latest novel only four years in the future, but by then Britain's currency has collapsed, inflation has soared and the bailiffs are knocking on the door of London's middle class.

It pays to work in Switzerland: employees in Zurich and Geneva have the highest net wages in the world, a study by banking group UBS shows, while those in India's Mumbai take home the lowest.

The last surviving leg of the original Orient Express rail route from Paris to Istanbul is to end in December.

Southern right with calf sighting verified by scientists

Intel Corp., the world's biggest chipmaker, raised its sales forecast for this quarter, proving that personal-computer demand is recovering.

Apple is geared to see huge profits next year with analysts predicting the company will sell somewhere between five and seven million iPhones in China in 2010 as a result of its deal with the country's second-largest mobile carrier.