IBT Staff Reporter

A portrait of the late King of Pop, Michael Jackson, painted pop art icon Andy Warhol has been sold at auction in New York for an undisclosed amount.

HBO is filling out the cast of its fantasy pilot

A judge on Friday ruled that an advocacy group for child actors can seek to have a guardian appointed to oversee the financial interests for the octuplets of Nadya Suleman, dubbed

The songs alone speak volumes.

Lady Antebellum, one of country music's biggest success stories of the last two years, is on a roll.

It's not easy being a big celebrity in a close-knit Orthodox Jewish community.

New York's heat and humidity are going through the roof as singer/guitarist Alex Turner and drummer Matt Helders hunker down to face the media at an Italian eatery in the heart of the Meatpacking District, but that's not about to stop them from ordering hot tea. No wonder Arctic Monkeys' label boss calls them

Honor Society has been releasing infectious pop-rock tunes since 2005, but the band's goal of releasing an album always remained out of reach.

Josh Zetumer has signed on to pen the fourth installment of the

Warner Bros. and filmmaker Bryan Singer are unsheathing

Attempting to sum up John Fogerty's musical career in a few lines feels incomplete at best. As the frontman for Creedence Clearwater Revival, he brought bluesy swamp rock to the hippie masses; as a solo artist, he's done everything from sharp political tracks to perhaps the greatest baseball tune ever (

Central banks may have to find new ways to steer monetary policy and prevent new crises, perhaps changing the ways they look at price levels, the head of the Bank of Canada said on Saturday.

U.S. policy-makers should think twice before pursuing a second economic stimulus package given recent indications of recovery, two top economists said on Saturday.

Exchange-traded funds or ETFs have become a top target in U.S. regulators' efforts to rein in excessive speculation in oil and other commodity markets, The Wall Street Journal reported on Saturday.

With an MACD chart, you will usually see three numbers that are used for its settings. The first is the number of periods that is used to calculate the faster moving average. The second is the number of periods that are used in the slower moving average. And the third is the number of bars that is used to calculate the moving average of the difference between the faster and slower moving averages.

n the realm of technical indicators, moving averages are extremely popular with market technicians and with good reason. Moving averages smooth the price action and make it easier to spot the underlying trends. Precise trend signals can be obtained from the interaction between a price and an average or between two or more averages themselves.

According to the Elliott Wave Theory, stock prices tend to move in a predetermined number of waves consistent with the Fibonacci series. Specifically, Elliott believed the market moved in five distinct waves on the upside and three distinct on the downside. The basic shape of the wave is shown below.

Fibonacci retracement is a very popular tool among technical traders and is based on the key numbers identified by mathematician Leonardo Fibonacci in the thirteenth century. However, Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series. In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by...

AutoNation Inc, the largest U.S. chain of auto dealers, decided to end its cash for clunkers rebates as of Friday night, three days ahead of the government's Monday deadline, The Wall Street Journal reported.

German politicians reacted angrily on Saturday to the failure of carmaker General Motors to choose a buyer for its German unit Opel, prompting an appeal to the United States government to help broker a solution.

President Barack Obama will visit China in mid-November, the new United States ambassador to Beijing said on Saturday, setting a date for a big summit likely to tackle the global economy, North Korea and climate change.

Iraq's foreign minister on Saturday said members of the security forces may have colluded in a massive truck bombing that wrecked his ministry, and called for a serious and responsible investigation.

Market trends seldom take place in straight lines. Most trend pictures show a series of zig-zags with several corrections against the existing trend. These corrections usually fall into certain predictable percentage parameters. The best-known example of this is the fifty-percent retracement.

As the Muslim month of Ramadan begins, tens of thousands of Pakistanis forced to flee their homes by war against the Taliban will have no choice but to languish in camps or host families over the religious period.

Hurricane Bill doused Bermuda with rain and battered its shores with powerful surf on Saturday as it moved on a path off the U.S. East Coast, where a tropical storm warning was issued for coastal Massachusetts.

Another price formation is the key reversal day. This minor pattern often warns of an impending change in trend. In an uptrend, prices usually open higher, then break sharply to the downside and close below the previous day's closing price.

President Barack Obama hammered away at outrageous myths about his healthcare reform plans on Saturday, seeking again to take control of a debate that has tarnished support for his top domestic policy goal.

The U.S. Federal Reserve's stated intention to keep interest rates exceptionally low for an extended period may conflict with its desire to avoid inflation, an academic economist told central bankers on Saturday.

Afghanistan's presidential election was generally fair but not entirely free because of Taliban intimidation and violence that kept turnout low in the south, European monitors said on Saturday.