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On the heels of sulking in shame at the water cooler for epically losing that Super Bowl office pool you were forced to engage in, why not try your luck at an Oscar pool for the 84th Academy Awards? Here is a guide for setting up the betting pool, tips for how to win and a guide for selecting the best of the nominations on the 2012 Oscars ballot.

A fermented concoction made with tea, sugar, bacteria and yeasts might not sound like the most delicious or most beneficial drink, but some believe that is exactly what Kombucha tea is. Some have called it a magical elixir; some have dubbed it the new Red Bull only with healthful properties; some claim it can fight everything from baldness to AIDS. However, other sources cite adverse side effects of and deaths linked to the drink.

Under a corporate-tax overhaul to be detailed Wednesday, U.S. companies would be forced to cede a number of loopholes and subsidies, while those with overseas operations could face a minimum tax on their foreign earnings.

Taxi and Limousine Commission will set up a panel to decide if Taxi TVs could be replaced by an iPad-like tablet

The four words that envelop the headline nag along behind Mitt Romney wherever he campaigns on stops in Michigan. Let Detroit Go Bankrupt. These were the four words that served as the theme and message of an opinion-editorial Romney penned more than three years ago for The New York Times. It came in the midst of bipartisan bailouts to the swooning auto industry, in a time of debate over how to save what was once Michigan's most prestigious industry in its most prestigious city.

A mother of a 13-year-old boy is blaming an alcoholic energy drink for her son's death. Michael Truluck, an eighth grader in Maryland, died after falling out of a moving car, and being struck by another vehicle. The young teen had been drinking an energy drink with alcohol prior to getting in the car.

Kim and Khloe Kardashian may be facing a class action lawsuit over their endorsed diet product QuickTrim. The lawsuit is being filed by law firm, Bursor & Fisher, against Windmill and the claims made by the Kardashian's. An e-mail was sent to users of the diet product by the law firm. The e-mail stated The active ingredient in QuickTrim weight loss products is a large dose of caffeine...The FDA has determined that caffeine is not safe or effective for weight loss.

A Chinese court has ordered a local electronics vendor to stop selling the iPad, as part of the intensifying trademark dispute, which is threatening Apple to stop the sales of the popular tablet in the country.

Nicolas Cage, the 48-year-old actor known for his over-the-top action roles, hasn’t been so fortunate when it comes to the box office recently. His latest film “Ghost Rider: Spirit of Vengeance” was expected to dominate ticket sales on its opening weekend, but theater goers opted for other choices instead.

PayPal billionaire Peter Thiel has donated an additional $1.7 million to a super PAC supporting Republican presidential candidate Ron Paul, making him the primary funder behind Endorse Liberty Inc. since it was founded late last year.

Speaking to the New York Times, Lt. Gen. David A. Deptula said the operation to simultaneously attack multiple sites in Iran would require planes Israeli jets to fly 1000 miles across unfriendly airspace and complex air-to-air refueling maneuvers if it were to succeed.

Many New Yorkers may be sad about the end of the wooden constuction for the Coney Island boardwalk. But nostalgia has given way to both practical and environmental concerns

The auto industry is the engine of the Michigan economy, but Mitt Romney's opposition to the ultimately successful government rescue of General Motors and Chrysler won't be a major concern of Republican voters in the state's Feb. 28 primary, observers say.

Anthony Shadid has been posthumously honored wih the Polk Award for his long career of valorous and wholly excellent reporting in the Middle East.

A Jeremy Lin movie is almost inevitable, according to superstar director and giant New York Knicks fan Spike Lee.

Arming Syrian dissidents who are battling a brutal government assault would help to safeguard America's interests in the Middle East, two U.S. senators said.

Gas prices in the U.S. have gone past $3.50 a gallon, the highest price this time of the year, ticking panic among people who have begun to see the price rises as oppressive.

IBTimes Staff reporters blog live the funeral of singer Whitney Houston.

Have a white girl problem and don't know where to turn? Babe Walker, Twitter's snarky, self-obsessed socialite has produced the definitive guide on how to deal with life's trivial issues in a new novel out this month.

Time Warner Cable subscribers will finally be able to catch the recent rise of basketball sensation Jeremy Lin of the New York Knicks, thanks to a new agreement struck with MSG Network, a spokesman for the cable company said.

The feel-good Civil Rights drama is almost sure to pick up an acting trophy, but a Best Picture Oscar is a long shot

Foxconn, Apple's major product manufacturer, announced, Friday, new wage increases for the junior level workers, boosting them up by 16-25 percent.

Jeremy Lin and the New York Knicks will return shortly to the MSG Network, as the dispute between Madison Square Garden Co.'s MSG Network and Time Warner Cable has been resolved.

Some New York residents will finally get to experience the Linsanity of Jeremy Lin after MSG and Time Warner Cable finally came to an agreement on cable rights.

Japanese conglomerate Mitsui MOEX Offshore will pay $90 million for the BP Gulf Oil Spill of 2010 in what is the first settlement ahead of the liabilities trial expected to start in 10 days.

Surrealist pop culture photographer Jacob Sutton's new L.E.D. Surfer video featuring snowboarder William Hughes mixes sports, fashion and high art to mesmerizing effect.

Qnexa, a new diet pill, will be the first new diet pill in 13 years if it gets approved by the Food and Drug Administration (FDA). The drug was previously rejected by the FDA in 2010 due to concerns of safety. Qnexa manufacturers are now presenting additional material to argue their case. Here are three things to know about the new diet pill, Qnexa.

CNN was forced to cancel a March 1 pre-Super Tuesday debate when Mitt Romney, Ron Paul and Rick Santorum declined to participate.

The New York Times lost one of its leading Middle East correspondents, Anthony Shadid, Tuesday when he suffered a fatal asthma attack while on assignment in Syria.