IBT Staff Reporter

A. Chandra Shekhar, the CEO of a small alternative energy solutions firm at the heart of India's much-vaunted boom story, should be rolling in orders and expanding his business on the coat-tails of near double-digit economic growth.

Volkswagen increased vehicle sales in July sharply and said it remained on track for further growth, signaling that economic weakness has so far not had a material impact on its business.

China will skip next week's annual conference of central bankers in Jackson Hole, Wyoming, two sources familiar with the situation told Reuters on Friday.

China will skip next week's annual conference of central bankers in Jackson Hole, Wyoming, two sources familiar with the situation told Reuters on Friday.

Shares in European software makers jumped amid a falling market on Friday on hopes they were more likely bid targets after Hewlett-Packard's $11.7 billion bid for British enterprise search-software maker Autonomy.

U.S. stock index futures pointed to a sharply weaker open for equities on Wall Street on Friday, a day after the Nasdaq <.IXIC> ended more than 5 percent lower and the S&P 500 <.SPX> slipped 4.5 percent on rising recession fears.

Stock index futures pointed to a sharply weaker open for equities on Wall Street on Friday, a day after the Nasdaq ended more than 5 percent lower and the S&P 500 slipped 4.5 percent on rising recession fears.

European Central Bank policymaker Juergen Stark dismissed the idea of common euro zone bonds being a solution to the currency bloc's debt crisis and said leaving interest rates too low for too long was risky.

The 39th annual Annie Awards, a celebrated but controversial prize in the world of animation, announced its call for entries on Thursday -- and in a major change from last year, TheWrap has learned that Disney/Pixar will be among the companies submitting entries.

The company behind what is expected to one day be the world's largest solar power plant on Thursday said the California project will use photovoltaic technology instead of solar thermal power because of the dramatic drop in the price of solar panels.

Former Blockbuster chairman and CEO John Antioco has been tapped to head Rave Cinemas, the company announced Wednesday, succeeding Charles B. Moss as the company's chairman on September 19.

Steve Harvey is tossing his hat into the talk-show arena.

Brian De Palma will direct The Key Man, a thriller financed by QED International, TheWrap has confirmed.

Remember all those Pulp Fiction wannabes a decade ago -- the ones with name ensemble casts, wacky characters, beaucoup shootouts and self-consciously colorful, rat-a-tat dialogue?

British police investigating a phone-hacking scandal at Rupert Murdoch's defunct News of the World have arrested a senior Hollywood reporter at the tabloid, James Desborough, a source with knowledge of the situation said.

Trust Company of the West CEO Marc Stern offered to be a sacrificial lamb to keep unhappy star bond fund manager Jeffrey Gundlach at the firm, he testified in court.

James Desborough, the Los Angeles-based U.S. editor of the News of the World, was arrested Thursday by police investigating the phone-hacking scandal at the paper -- becoming the first U.S.-based journalist arrested in the case.

Conan the Barbarian is set to be conquered by the travails of polite Southern Society this weekend, as projections suggest that the multi-racial drama, The Help, will lead the domestic market in its second weekend.

Thursday's deadly collapse of another outdoor concert stage in stormy weather conditions could lead to tougher construction standards - but any such standards will surely be difficult to enforce.

AT&T is killing its $10-per-month, 1,000-text message plan to replace it with $20-per-month unlimited text message plan, a $30 unlimited family plan, and a pay-per-message plan.

Edie Wasserman, a Hollywood philanthropist and the wife of legendary mogul Lew Wasserman, has died of natural causes, family spokeswoman Melissa Zukerman told TheWrap.

Star bond fund manager Jeffrey Gundlach concluded four days of testimony on Wednesday amid questions about his contact with two jurors in the case.

A Los Angeles man pleaded no contest on Wednesday to sexually battering a woman he met on Match.com in a case that led his date to push for better screening methods by the matchmaking site.

Police in southern California have arrested 60 people and broken up an Iraqi criminal ring accused of selling drugs, machine guns and improvised bombs out of an immigrant social club, authorities said on Thursday.

Bank of America is cutting 3,500 jobs this quarter and working on a restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, adding to a slew of layoff by major banks.

Bank of America is cutting 3,500 jobs this quarter and working on a restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, adding to a slew of layoff by major banks.

Large employers expect big increases in healthcare costs in 2012, and say they'll pass more and more of those costs on to their workers. That's the result of a new survey by the National Business Group on Health, a trade group for these large companies.

Bank of America is cutting 3,500 jobs in the current quarter and working on a broader restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, citing people familiar with the situation.