IBT Staff Reporter

John Thain, former Chief Executive of Merrill Lynch & Co. pledged to reimburse to the firm the $1.2 million he spent to renovate his office saying it was a mistake.

Sony is offering portable gamers in Japan the option of four new and very bright colors for their gaming enjoyment.

Police in the Bahamas have detained an island lawmaker and a paramedic in an alleged plot to extort money from actor John Travolta, both who were by the Tavolta's side in the moments leading up to and after the death of their only son, Jett.

Officials of Microsoft said late last week they already have more than enough beta testers for Windows 7, but are still extending the cut-off date for downloads of the beta release.

Obesity can be caught as easily as a common cold from other people's coughs, sneezes and dirty hands, scientists said Monday.

On Monday two U.S. helicopters crashed in northern Iraq, killing four American troops.

San Francisco-based micro-blogging company has followed up on its previous $20 million in funding with a similar sized round that has yet to be announced.

Men who are sexually active in their twenties and thirties are more likely to develop prostate cancer later in life according to a new study.

CSI: Crime Scene Investigator cast member, Gerald McCullouch was attacked on a New York City subway by a knife-wielding mugger early Sunday.

George Eiisenheart, a promoter for the Motor Sports Monster Truck and Thrill Show has died Saturday Night from injuries in an accident at an event in Madison, Wisconsin.

Apple confirmed on January 27, 2009, the shipment of the Apple's creativity application suite called iLife. There are no new applications in this release, but a whole raft of upgrades and improvements.

On Monday shares in British Airways PLC slid over 7 percent Monday after the company warned that it would likely post an operating loss of 150 million pounds ($207 million) for its March fiscal year end.

Illinois' beleaguered Gov. Rod Blagojevich said Monday that he considered appointing talk show queen Oprah Winfrey with President Barack Obama's senate seat.

Slumdog Millionaire, the rags to riches tale of a Mumbai slum dweller, emerged as favorite to win the best picture Oscar after winning the top prize at the 15th Screen Actors Guild awards on Sunday.

Amid an unprecedented global economic crisis, The World Economic Forum 2009 taking place in Davos, Switzerland kicks off from Jan 28 to February 1, as thousands of key economic figures come together to discuss and find ways to stabilize and relaunch the global economy.

Caterpillar Inc., the world's largest maker of mining and construction equipment, said Monday its fourth-quarter profit fell more than 32 percent, and plans about 20,000 job cuts.

McDonald's began 2009 by reporting strong end to 2008, as the global fast food chain continues to do well in difficult economic times with a fourth quarter profit that beat Wall Street analysts' expectations.

Several Israeli soldiers may be charged with war crimes resulting from civilian deaths in the Gaza strip and for this a legal team will be in place to defend them, the nation’s Prime Minister said Monday.

Bank of America had a role in the payment of bonuses worth $4 billion that Merrill Lynch approved for its executives ahead of the brokerage's sale to BofA, the Financial Times reported Sunday.

Pharmaceuticals giant Pfizer Inc will acquire Wyeth in a $68 billion cash and stock deal -- the biggest U.S. merger in three years -- to create a diverse health products company which executives hope will deliver stable growth to investors, the companies said on Monday.

Drugmakers Pfizer and Wyeth are close to sealing a deal worth $68 billion in a cash-and-stock deal that could be announced before the markets open Monday, according to reports.

Chrysler LLC urged its U.S. dealers on Sunday to cut costs and order more of its vehicles as the automaker moves to secure additional government aid.

Actress Zsa Zsa Gabor has lost as much as $10 million as a result of fraudulent investor Bernard Madoff 'Ponzi' scam, according to her attorney, Chris Fields.

Brooklyn stage manager, Arthur Moreira, in the NBC show Lipstick Jungle was arrested Friday for allegedly stealing designer bags and clothing from the show, worth of $30,000 and trying to sell them on eBay, authorities said.

Actress Penelope Cruz has said she wants to leave Los Angeles and divide her time between New York and Madrid, a report said Saturday.

Britain's Prince Harry has split with his girlfriend Chelsy Davy after a five-year relationship, British media reported Saturday.

A U.S. commercial airline pilot called a national hero for successfully landing a disabled jet in New York’s Hudson last week on Saturday made his first public comments since the incident.

Bank of Americas' shareholders are filing lawsuits against the company, its chief executive Kenneth Lewis and former Merrill Lynch CEO John Thain, claiming they weren't told about the true financial condition of Merrill Lynch before the banks merged in December.

Molly Ringwald, who plays the anxious mother of a pregnant teen on The Secret Life of the American Teenager, is expecting twins of her own, according to reports.