IBT Staff Reporter

Trust Company of the West rested its court case against its former chief investment officer, star bond fund manager Jeffrey Gundlach, in the high-stakes trial that has drawn the attention of the financial services industry.

Exxon Mobil Corp and Rosneft on Monday announced a deal to extract oil and gas from the Russian Arctic, marking a significant milestone in Russia's patchy history with foreign corporate investors.

Tennis star, Venus Williams, withdrew from the last grand slam of the year on Wednesday, revealing she is suffering from an autoimmune disease.

The government of American Samoa was accused of discriminating against older workers, according to a lawsuit filed on Tuesday by a federal agency.

Twentieth Century Fox has set its sights on John Moore to direct Die Hard 5, TheWrap has confirmed.

A California bill dubbed the state's Dream Act that would allow illegal immigrants to receive public funds for college education was approved on Wednesday by the state Senate.

American Bernard Lagat ran like a million bucks to win his 5,000 meters heat at the world championships on Thursday, while Britain's Mo Farah managed to stay out of trouble in a physical second heat to cruise into the final.

Sounds like Rihanna could have used an umbrella-ella-ella big enough to cover her entire home.

Unseeded teen-ager Christina McHale struck a blow for emerging young U.S. women's players by beating France's eighth-seeded Marion Bartoli 7-6 6-2 to reach the third round of the U.S. Open Wednesday.

Former boxing champ and Olympic gold medalist Oscar De La Hoya says he is battling addictions to cocaine and alcohol and seeking to rebuild his relationship with his wife after being unfaithful.

Two-time Pro Bowl running back Frank Gore agreed to a three-year contract extension with the San Francisco 49ers, the National Football League (NFL) team said on Wednesday.

Former U.S. Open champion Venus Williams withdrew from the last grand slam of the year on Wednesday, revealing she is suffering from an autoimmune disease.

New IMF chief Christine Lagarde's call to recapitalize European banks by force struck a nerve among the continent's Europe's policymakers and showed she is not afraid to challenge her former peers as many feared she might be.

U.S. retailers should report higher monthly sales in August, even though consumer confidence sagged and Hurricane Irene disrupted shopping along the East Coast during a key back-to-school weekend.

Actor Mel Gibson will pay the mother of his 22 month-old daughter $750,000 and get joint custody of the child, ending a bitter custody and financial dispute that badly damaged his Hollywood career.

Oscar-nominated Actor Robert Downey, Jr., star of the Iron Man movies, and his wife Susan are expecting their first child together, his spokesman told Reuters on Wednesday.

A re-edited version of reality TV show The Real Housewives of Beverly Hills will premiere on September 5 with a new introduction covering the suicide of cast member Taylor Armstrong's estranged husband, Bravo said on Wednesday.

After a summer filled with superheroes, apes running amok and trash-talking comedians, Hollywood's upcoming fall movies focus less on effects-filled blockbusters and more on performance-driven films.

Irish singer Sinead O'Connor, well known for creating controversy and raising eyebrows, has revealed her sexual frustration in a series of blog and Twitter posts, much to the amusement of her followers.

The Venice film festival promises a pop superstar and a whiff of scandal Thursday, with Madonna presenting her second feature and Roman Polanski notable by his absence at the world premiere of his new picture.

Cher took to Twitter to defend her son Chaz Bono's decision to compete on Dancing With the Stars, after some fans hit the show's Web site and other blogs and message boards to protest the the casting of the singer's son on the show.

AT&T CEO Randall Stephenson appeared on cable television early on Wednesday to tout his $39 billion deal to buy T-Mobile USA and how it could bring back 5,000 jobs to the United States from overseas once done.

Oscar-nominated actor Robert Downey Jr. and his wife Susan Levin are expecting their first child together.

Facebook is putting finishing touches to new features on users' home pages that deeply integrate music services from partners including Spotify, MOG, Rhapsody, Slacker and Rdio, according to people familiar with the plans.

The rivalry between two of the biggest names in the multi-trillion dollar global bond market, Bill Gross and Jeffrey Gundlach, has gotten more than just personal - after one appears to have claimed he was asked to take the other's job.

China's factory activity rebounded a touch in August from a 28-month trough, but tight monetary policy at home and torpid demand abroad has dimmed chances for a sustained recovery.

The United States could be worse than 40 other countries when it comes to infant mortality.

The International Monetary Fund has estimated European banks could face a capital shortfall of 200 billion euros ($287 billion), a European source said on Wednesday.

Microsoft allegedly tracks the location of its mobile customers even after users request that tracking software be turned off, according to a new lawsuit.