IBT Staff Reporter

Simon Cowell gave his talent show The X Factor a major shake-up, showing the door to host Steve Jones, judge Nicole Scherzinger, and even his old friend Paula Abdul after a lackluster first season on U.S. television.

Break into a chicken dance: Arrested Development writer Dean Lorey has confirmed he and the show's writing staff are already at work on the new episodes of the show that will premiere on Netflix in 2013.

Federal prosecutors expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta on Tuesday, saying the illegal activity lasted longer and involved more trades than alleged.

It's hardly a huge surprise: those Federal Reserve officials that made careers in the financial sector are much wealthier than their colleagues, according to new disclosures on Tuesday.

Just when Americans have largely forgotten about the Treasury's controversial bailout program, the Congressional Budget Office on Tuesday blamed it for an anticipated $23 billion widening in the government's deficit.

Ben Kingsley will join Harrison Ford and Asa Butterfield in Ender's Game, the film's producers said on Tuesday.

The CW picked up three new pilots Tuesday, including a drama from Lost producers J.J. Abrams and Bryan Burk.

Alison Sweeney, host of the NBC network's weight loss TV series The Biggest Loser, has worked with the show's contestants since 2007, supporting them as they drop pounds and learn to lead a healthier way of life.

Amazon.com Inc offered a disappointing sales outlook and warned it may lose money in the first quarter, as it continues to splash out on expansion and new ventures. Its shares plummeted.

Hard drive maker Seagate Technology's posted better-than-expected quarterly earnings on strong margins, and followed rival Western Digital Corp in signaling a recovery from the floods in Thailand.

Amazon.com warned of a possible operating loss in the first quarter following a sharp drop in fourth-quarter profits, a sign that the online retailer is continuing to spend heavily on expansion and new ventures at the expense of shorter-term profits.

British chart-topper Adele will make her live comeback at the Grammy Awards in Los Angeles in just under two weeks, after being on vocal rest since throat surgery sidelined the singer late last year.

Co-founders of online U.S. payment service PayPal, now owned by eBay Inc, donated to the Super PAC funding group supporting Republican presidential candidate Ron Paul, the group Endorse Liberty disclosed on Tuesday.

A former Los Angeles-area elementary school teacher has been charged with lewd acts on children, including putting cockroaches on students' faces and offering them a spoonful of what may have been semen, authorities said on Tuesday.

The Pension Benefit Guaranty Corp, which has responsibility for insuring certain benefits under private defined benefit pension plans, said on Tuesday it believes American Airlines will seek to terminate employee pensions in bankruptcy.

Amazon.com Inc shares slumped after the largest Internet retailer said it may lose money in the first quarter, a sign the company is continuing to spend heavily on expansion and new ventures.

The Seattle-based company announced Tuesday it earned $177 million in the fourth quarter, or 39 cents a share.

The Columbus, Ind.-based company is expected to earn $424 million, or $2.24 per share, up from 362 million or $1.84 per share in the year earlier period, estimates carried by Thomson Reuters said. Analysts expect revenue of $4.7 billion, up from $4.1 billion in the year earlier period.

Wall Street closed its best month since October on a flat note on Tuesday as weaker-than-expected economic reports surprised investors after a stream of positive data in recent months.

Amazon.com Inc shares slumped after the largest Internet retailer said it may lose money in the first quarter, a sign the company is continuing to spend heavily on expansion and new ventures.

Wall Street closed its best month since October on a flat note on Tuesday as weaker-than-expected economic reports surprised investors after a stream of positive data in recent months.

Wall Street closed its best month since October on a flat note on Tuesday as weaker-than-expected economic reports surprised investors after a stream of positive data in recent months.

Even in defeat, Carl Icahn can change companies.

Even in defeat, Carl Icahn can change companies.

As it prepares for one of the biggest IPOs ever, Facebook is coming under the same fierce attacks being waged against other big technology companies: patent lawsuits.

As it prepares for one of the biggest IPOs ever, Facebook is coming under the same fierce attacks being waged against other big technology companies: patent lawsuits.

Greece must make difficult decisions in the coming days to clinch a debt swap agreement and a 130 billion euro bailout package needed to avoid an unruly default, the government said on Tuesday.

An Eastman Kodak employee filed a civil lawsuit against Kodak's board members and other fiduciaries of the photography companies' retirement plans, saying they breached their duties as the company was spiraling toward bankruptcy.

Exxon Mobil Corp reported quarterly earnings that narrowly beat expectations, on higher oil prices and asset sales of about $1 billion, but the company's shares dropped nearly 2 percent as its oil and gas production fell short of estimates.