IBT Staff Reporter

A sweeping budget deal and lower interest rates will slice projected U.S. budget deficits nearly in half over the next 10 years, but the economy will remain sluggish in the near term, the nonpartisan Congressional Budget Office reported on Wednesday.

Aug 24, 2011

After being held up as a model of strength in a region saddled with debt and low growth, Germany suddenly finds itself in a perfect economic storm that could force it to rethink its approach to the crisis plaguing the wider euro zone.

Aug 24, 2011

A new app for the Apple iPad gives users access to more than 6,000 corporate white papers in the business and technology fields.

Aug 24, 2011

Arsenal will travel to Udine, Italy to face Udinese in the second-leg of the Champions League Qualifier at the Stadio Friuli on Wednesday.

Aug 24, 2011

Sprint Nextel Corp. will begin selling the iPhone 5 in mid-October, sources told the Wall Street Journal.

Aug 24, 2011

NASA's Wide-field Infrared Survey Explorer has discovered six dwarf stars, which are colder than any of the others it has discovered.

Aug 24, 2011

Lohan, who battled alcoholism, was said to be drinking heavily at Kim Kardashian's wedding reception. She was drinking and partying hard, an insider said. I personally saw her order shots from the bar. It was reported that her mother, Dina, was with her as they drank several drinks. Although, she is on probation, her actions were legal. However, Lindsay told Gossip Cop that the reports of her partying are false. It's all a lie. That's so untrue.

Aug 24, 2011

Whether the Federal Reserve likes it or not, its unprecedented monetary polices over the last few years have conditioned the financial markets to expect a helping hand when the going gets tough.

Aug 24, 2011

You can be rest assured that the earthquake-hit Washington Monument is not tilting. However, a closer look at the world's tallest obelisk brought National Park Service officials to discover some cracks near the top of the 555-foot monument.

Aug 24, 2011

Justin Bieber took to Twitter in July to tell friend, Taylor Swift, that he would stop in soon to greet her. Heard you sang BABY at your concert in TO. thank u for the love ... might have to come by and stop in on a show, he tweeted. The time came during a Los Angeles concert on Aug. 23. The two are good friend, especially now that Justin Bieber is dating Taylor's BFF, Selena Gomez. The thought of a duet was not far-fetched.

Aug 24, 2011

Online data tracking service comScore Inc siphons confidential information including passwords, credit card numbers and Social Security numbers from unsuspecting users, according to a lawsuit filed on Tuesday.

Aug 24, 2011

New orders for long-lasting U.S. manufactured goods surged in July on strong demand for transportation equipment, government data showed on Wednesday, but a gauge of business spending fell.

Aug 24, 2011

Home mortgage applications for purchases fell to a nearly 15-year low last week as resurgent worries about the strength of the economy kept buyers at bay, an industry group said on Wednesday.

Aug 24, 2011

Investors are agonizing over the prospect of another round of quantitative easing that could come from the Fed chairman Ben Bernanke’s Jackson Hole summit later this week.

Aug 24, 2011

China vowed on Wednesday to appeal a recent World Trade Organization ruling against its raw materials export policy, a case that could threaten Beijing's handling of rare earths.

Aug 24, 2011

The Hurricane Irene path was a Category 2 hurricane Tuesday morning with about 100 mph winds, according to the U.S. National Hurricane Center in Miami.

Aug 24, 2011

Korean electronics firm Samsung announced its new phone naming strategy and also released four new Android Gingerbread phones to underscore the event.

Aug 24, 2011

The world's two largest cellphone vendors, Nokia and Samsung Electronics, unveiled new cheaper smartphone models on Wednesday hoping to defend their stronghold from Apple.

Aug 24, 2011

Sprint Nexel will start selling the next version of Apple’s iPhone, iPhone 5 in mid-October, according to a report in the Wall Street Journal.

Aug 24, 2011

BHP Billiton delivered a record second-half profit on Wednesday, driven by soaring prices for iron ore, allowing it to award a dividend hike on top of its hefty expansion plans.

Aug 24, 2011

Tobacco companies are the latest of several corporate groups to assert a right to free speech in a high-profile legal battle that could end up in the U.S. Supreme Court.

Aug 24, 2011

Stock index futures were lower on Wednesday following a sharp rally in the previous session as the market displayed little trend except volatility ahead of the upcoming Federal Reserve meeting.

Aug 24, 2011

Toyota's mid-size model has been the auto company’s bread and butter for decades.

Aug 24, 2011

When Sean McGowan signed a contract to buy a New Jersey home in November, he didn't expect he'd still be living with his parents nearly a year later.

Aug 24, 2011

With just a week remaining before the transfer window closes, Chelsea are busily monitoring targets after spending the early days of the summer in recruiting youngsters.

Aug 24, 2011

As gold prices near $2,000 an ounce, some bulls say it's time to take money off the table after the safe-haven rally extended too far, too fast in recent weeks.

Aug 24, 2011

Heineken NV , the world's third largest brewer, warned weak consumer sentiment and a damp European summer would depress 2011 earnings after the first half missed expectations, driving its shares to a 21-month low.

Aug 24, 2011

German business morale dropped to its lowest in 14 months in August, its steepest decline since late 2008 that signals Europe's bulwark economy is losing the momentum that has kept some of its euro zone peers going.

Aug 24, 2011

BHP Billiton delivered a record second-half profit driven largely by soaring prices for iron ore, allowing it to award investors a big hike in dividends on top of its hefty expansion plans.

Aug 24, 2011