IBT Staff Reporter

Looking for a rebound in the risky independent film business, several newly formed U.S. companies aim to fill a void created in the past 18 months when major players failed due to a glut of movies in the market.

Talk show host Oprah Winfrey and television expert Dr. Mehmet Oz, a frequent guest on Winfrey's show, sued more than 50 businesses on Wednesday, saying they had falsely claimed the pair endorsed various beauty products and dietary supplements.

Don Hewitt, creator of CBS News' groundbreaking

Seven young Chinese women suffered permanent lung damage and two of them died after working for months without proper protection in a paint factory using nanoparticles, Chinese researchers reported on Wednesday.

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

The Obama administration plans to transfer six prisoners abroad from the U.S. prison at Guantanamo Bay, a U.S. official said on Wednesday, part of the effort to close the controversial facility by early 2010.

Middle aged baby boomers are still turning on to illegal drugs forty years after Woodstock, doubling the rates of illicit drug use by the previous generation, according to a government study released on Wednesday.

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

First off, I'm sure there are plenty of people out there who genuinely love spending hours and hours in certain museums,

The average U.S. gamer is no where near the age of a teenager, as many may have previously thought, in fact, they look nothing like that kid.

Stocks rose on Wednesday, shaking off a slide in China's equity market, as investors responded favorably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook.

Market researcher Richard Doherty said that Apple has developed two tablet computers prototypes: a 6-inch oversized-iPod version and another with a bigger display. The researcher speculated that the smaller Apple tablet would cost about $679 and will probably run on an iPhone-based operating system

Carry Trading can be a way for a Forex investor to reap terrific profits on their investment. A carry trade is when a currency with a low interest rate is sold to purchase a currency that pays a high interest rate. The difference in the interest rate between the two currencies is called the interest rate differential. An example of a carry trade currency pair is NZDJPY. For a credit in Japan you need only to pay an interest rate of 0.1 %. On the capital market you will get for your money 5 % whe...

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

General Motors Co GM.UL has dropped plans for a new Buick sport utility vehicle due to lack of consumer interest, Vice Chairman Tom Stephens said on Wednesday, only two weeks after the new model was announced.

Data storage equipment maker NetApp Inc reported a quarterly profit that topped Wall Street estimates, but shares fell in extended trade as some investors had been expecting an even bigger beat.

Joe Jonas will be a guest judge alongside Simon Cowell, Randy Jackson and Kara DioGuardi during the audition rounds of American Idol's ninth season in Dallas, People magazine reports.

Video compression software maker DivX Inc said it settled a litigation with Yahoo Inc related to a license and distribution agreement, and forecast a third-quarter profit to reflect an increase in operating income due to the settlement.

Asustek Computer launched the dual-brand Garmin-Asus Nuvifone M20 in the Taiwan market on Wednesday in cooperation with Chunghwa Telecom (CHT), targeting a modest 2010 shipment of 1 million units.

Social-networking giant MySpace announced Wednesday it will acquire iLike, a social music startup, in a bid to give its site a new make over after loosing out attention and users to rival, Facebook.

Scalping is a very short term trading style, and despite its odd name, it is quite a popular trading style among professional traders. Scalping is the shortest term style of trading. It is named like this because it attempts to make many small profits throughout the trading day.

Despite all of the bad news in the media about homeownership and mortgages, most Americans still believe buying a home is a great investment, according to a new study commissioned by Bankrate.com.

Stocks rose on Wednesday, shaking off a slide in China's equity market, as investors responded favorably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook.

U.S. mortgage applications rose last week, largely reflecting a jump in demand for home refinancing loans as interest rates slid to a five-week low, data from an industry group showed on Wednesday.

Banking and financial services executives have a less than rosy outlook for their industry relative to the economy as a whole, according to a study by tax and advisory firm KPMG [KPMG.UL] released on Wednesday.

First lady, Michelle Obama, is on the spotlight again for her fashion, this time however not many people not many people are in favor of the mid-thigh shorts she chose to wear on a family holiday to the Grand Canyon.

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

Twenty-one residents of a Hong Kong child care center have fallen ill as the H1N1 virus continues to rage in the city, with 17 of them already tested positive for the disease, health officials said on Wednesday.

U.S. consumers will see on Thursday the first signs of the biggest overhaul of the credit card industry in at least two decades, as companies will be forced to provide customers with more time to pay their bills and be required to give more warning of contractual changes.