IBT Staff Reporter

MGA Entertainment Inc.'s can continue to make and sell its Bratz dolls through 2009, a federal judge ruled Wednesday.

Mumbai - The market reacted with shock, Wednesday, after the promoters of beleaguered technology outsourcer Satyam Computer Services admitted to cooking up its books to the tune of $ 1 billion.

Ukraine has set its conditions with natural gas chief saying if Russia will provide more extra Gas to Ukraine it will allow Russia to send the fuel back into the freezing European Union.

Bankrupt department store chain Woolworths, a stalwart of British retailing for 100 years, turned out the lights at the final 200 of its 807 shops on Tuesday.

Wal-Mart Inc., the world's top retail chain, said on Thursday its fourth-quarter profit will miss earlier forecasts due to slower sales, the impact of a strong dollar on its international business and litigation costs.

The stars, including Jay Z, Bruce Springsteen and Jessica Alba will be out in shows around Washington D.C. in the days leading up to the inauguration of Barack Obama as U.S. President.

Netflix Inc the world's largest online movie rental service announced today a deal with Vizio will allow viewers to watch high definition television's through Vizio's new Connected HDTV Platform.

Verizon Communications Inc. selected Microsoft Corp. as its partner to provide Internet services to customers concluding months of speculation.

'Dark Knight' walks away with five People's Choice Awards on Wednesday.

Sony unveiled the VAIO P Series Lifestyle PC, boasting that it is the world's lightest notebook with an 8-inch screen and weighing just 1.4 pounds at the Consumer Electronics Show in Las Vegas Wednesday.

Major retailers reported dismal monthly sales for December on Thursday, with Wal-Mart Inc, the nation's biggest retailer, showing a disappointing 1.7 percent rise in December sales at its US stores open at least a year and cut its quarterly earnings outlook.

Investors filed lawsuits against Indian Satyam Computer Services on Thursday one day after the company's CEO resigned and confessed to manipulating the company's accounts to show enormously inflated profits and false assets.

Lebanese militants fired at least three rockets into Israel early Thursday as the Israeli air force intensified its operations in the Gaza Strip. The rockets exploded near the city of Nahariya wounding two people, Israeli police and emergency medical services said.

The Bank of England cut interest rates by half a percentage point to 1.5 percent on Thursday - its lowest rate since the bank was created in 1694 - as it aims to stave it off a deeper economic slump.

President-elect Barack Obama is warning that without bold action the nation's recession could linger for years as seeks support among lawmakers and the general public for a massive fiscal stimulus package.

Microsoft Corp., CEO Steve Ballmer announced Wednesday evening the company will release a test version of Windows 7 on Friday to consumers, a product which he called the best version of Windows ever at the 2009 International Consumer Electronic Show in Las Vegas.

Russian and Ukrainian state gas companies failed to reach an agreement on gas prices during negotiations as of early Thursday to resume shipment in supplies into Europe after a two day standoff.

On Wednesday Israel resumed its attacks on Gaza bombing heavily around suspected smuggling tunnels near the border with Egypt after a three-hour stop to allow in humanitarian aid.

Former New York Jets coach Eric Mangini has signed a four-year deal to become head coach of the Cleveland Browns, SportingNews.com has confirmed.

The game is over for Jeff Jagodzinski, its not time to say good-bye.

On Wednesday the Zimbabwe government announced restrictive new licensing fees of up to US$30 000 on journalists working for foreign media in Zimbabwe.

A six-year-old boy drives to school courtesy of GTA Skills, after he missed his bus and was keen on getting to school

U.S. stocks fell the most in one month on Wednesday after a private jobs report showed U.S. employers slashed more jobs than forecasted in December, Intel Corp. lowered its outlook forecast and Alcoa Inc. said it plans to cut 13 percent of its workforce.

A 48-year-old skier was left hanging upside down, half naked on a chair lift at the Blue Sky Basin at the Vail Ski Resort in Vail, Colorado, on Tuesday.

Jason Giambi returns to Oakland Athletics his professional baseball root, signing a one-year deal with the club where he won the Most Valuable Player award (1995-2001). Terms of the agreement include a one-year contract for the 2009 season, plus a club option for 2010. To clear a spot on the 40-man roster, the A's designated infielder Joe Dillon for assignment.

After a brief pause allowing food and fuel into Gaza, Israeli airstrikes and Hamas rockets resumed.

Australian Dollar: The Australian Dollar opens sharply lower this morning at US71 cents. The Aussie moved to an overnight high of 0.7268 during European trade, however

Roland Burris has gone from being a 'tainted appointment' on Sunday in the eyes of Senate Majority Leader Harry Reid to holding a positive meeting with Reid and Majority Whip Dick Durbin on Wednesday.

Many boxing analysts believe that the one who can realistically sell a million PPVs in the U.S., maybe even 1.25-million like Pacquiao-De La Hoya did in their Dream Match fight, is Mayweather vs. Pacquiao for the undisputed pound-for-pound crown.