IBT Staff Reporter

Markets edged down on Tuesday as Greek resistance to the strict conditions attached to a bailout fund sapped recent momentum spurred by hopes the global economy is improving, and the euro eased on renewed fears of a messy debt default.

Key U.S. senators raised fresh questions about Lockheed Martin Corp's $382 billion F-35 fighter program on Monday as the Pentagon's top weapons buyer underscored deep flaws in the way the multinational arms program was set up from the start.

Oracle Corp will head to a retrial against SAP AG over copyright infringement allegations after a U.S. judge slashed a previous monetary award against SAP by over $1 billion.

Last year's hedge fund losers may be turning into winners again.

A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.

Grammy-winning country singer Randy Travis was arrested and charged with public drunkenness on Monday in Sanger, Texas after police found him sitting in his truck, apparently intoxicated, in front of a church.

Investors suing Bank of America Corp won class-action status for their lawsuit accusing the bank of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co and the size of Merrill's losses and bonus payouts.

A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.

Zsa Zsa Gabor turned 95 years old Monday, defying the grim expectations that have developed after a string of health scares over the past year.

The afterlife comedy Up There and the Christopher Plummer showcase Barrymore are among the films that have won awards at the Santa Barbara International Film Festival, which concluded its 11-day run on Sunday by handing out 10 jury and one audience award.

An Iraq war veteran already accused in the serial killings of four Orange County transients was charged on Monday with two more murders -- the October stabbing deaths of a high school friend's mother and brother.

Facing a future where many movies will be seen in homes, Oscar organizers on Monday unveiled this year's awards show theme at an annual luncheon honoring nominees by asking fans to relish memories of why they love movies and going to theaters.

NBC's singing contest The Voice got its second season off to a supersize start, attracting 37.6 million viewers on Sunday -- more than double the show's biggest audience last year, NBC said on Monday.

Early in Lilyhammer, Netflix's eight-show original series that launches Monday, we meet Steven Van Zandt's Frank The Fixer Tagliano.

Stung by election-year criticism of a program used by one in seven Americans, administrators of U.S. food stamp benefits are intensifying efforts to combat fraud and protect the $75.3 billion plan from the budget axe.

Bill Hinzman, who was cast on-the-spot as a zombie in 1968 cult film Night of the Living Dead in a role that earned him the longlasting admiration of horror fans, has died at age 75, his daughter said.

Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers' Retirement System.

KFC parent Yum Brands Inc reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit at established restaurants in China helped ease worries that growth in its top market was slowing.

Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production.

Ford Motor Co said on Monday it had decided not to participate in a new Pentagon competition to replace the U.S. military's fleet of workhorse Humvee vehicles.

Ford Motor Co said on Monday it had decided not to participate in a new Pentagon competition to replace the U.S. military's fleet of workhorse Humvee vehicles.

A year after network equipment maker Cisco Systems Inc unnerved investors with yet another weak quarterly outlook the company looks set to report a stable quarter buoyed in part by improving enterprise demand in the United States.

A former broker of a UBS AG unit can keep $1 million of a signing bonus he received when joining the firm, despite leaving earlier than terms of the bonus required, according to a ruling by an arbitration panel.

Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.

Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production.

Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.

Verizon Communications Inc and Coinstar's Redbox unit have formed a joint venture to sell video services aimed at competing against video rental giant Netflix Inc.

Amazon.com Inc is dipping its toes into the physical world as the largest online retailer offers more products in stores that may benefit from hands-on interaction with shoppers.

The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be "very large" as negotiations between bondholders and the government drag on to cut Greece's debt burden.