IBT Staff Reporter

China's Foreign Ministry on Thursday said that any decision on who should head the International Monetary Fund should be made through democratic consultation.

Asian Football Confederation president Mohamed Bin Hammam was ordered to face an ethics hearing after an insider alleged bribery, reported Reuters.

Sales of distressed U.S. homes fell in the first quarter as demand remained weak, but they still made up about 28 percent of total sales, the highest amount in a year, a RealtyTrac report said on Thursday.

Influential hedge fund manager David Einhorn called on Microsoft's Chief Executive Steve Ballmer to step down, while famed short-seller Jim Chanos threw cold water on alternative energy companies during the annual Ira Sohn Investment Research Conference on Wednesday.

The The death toll from the F5 tordando that tore through town on Sunday has increased to 125, with at least 900 hurt.

The battle of the two sixteen year old country singers, Lauren Alaina and Scotty McCreery came out with McCreery on top.

Shares of American International Group Inc fell 4 percent on Wednesday as investors recognized that the U.S. government's exit from the insurer could take a long time.

Brian David Mitchell will be spending his whole life in prison for kidnapping Elizabeth Smart, a judge ruled today.

Kim Kardashian and her boyfriend of six months are engaged, reports People.com

Twitter is finally buying TweetDeck for more than $40 million in cash and stocks. TweetDeck is a third-party client for the Twitter and It is the most popular Twitter application with a 19% market share as of June 2009, following only the official Twitter.com website with 45.70% share for posting new status updates.

The new 3D computer animated film Kung Fu Panda 2 is sure to provide fun filled entertainment with its star-cast providing the voices. The returning main character Po, a panda trained in martial arts, are joined by his friends the Furious Five as they battle a new villain in town, Prince Shen. The fabulous animation is mixed with great voice performances. Check out the cast who lent their voices for the new action flick.

Large blocks of investors in the two biggest U.S. oil companies on Wednesday demanded more disclosure about the environmental risks of extracting oil and gas through hydraulic fracturing.

A computer security researcher has found a flaw in Microsoft Corp's widely used Internet Explorer browser that he said could let hackers steal credentials to access FaceBook, Twitter and other websites.

Sarah Palin is not happy with her daughter Sarah Palin's growing relationship with Disney star Kyle Massey, according to a report.

Even as Apple is yet to release a system update that will protect Mac from the notorious malware, Mac Defender, hackers are growing in the Mac community and now an upgraded version of the malware, called Mac Guard, has arrived.

Leaders of the Group of Eight gather in France Thursday to endorse aid to new Arab democracies, but wrangling among Western and developing economies over running the IMF may take up much of their time.

Harold Camping, the failed Doomsday prophet, appeared on Monday, May 23, 2011 at the Open Forum in Family Radio headquarters in Oakland, Calif. where he announced October 21, 2011 to be the new Doomsday date.

The Lakers have chosen former Cavaliers coach Mike Brown, replacing Phil Jackson.

Novak Djokovic and Roger Federer showed superb form yesterday in their respective matches.

A 14-year-old Russian girl hanged herself on May 21 over fears that the world would end, investigators said on Wednesday. She learned about Camping’s predictions and wrote a death diary:

The North Korean dictator executed a woman after she rejected his advance.

Microsoft's latest mobile platform Windows 7 Phone (code-named Mango), which boasts of 500 new features and support, could soon become a threat to Google's Android and Apple's iPhone OS.

Activist investor Pardus Capital Management called on Clearwire Corp to resume efforts to sell wireless airwaves in order to strengthen its hand in negotiations with majority owner Sprint Nextel.

The longer Italian carmaker Fiat SpA waits to add to its stake in Chrysler Group LLC, the more expensive the purchase will be, the chief executive of both companies said on Wednesday.

The day after bringing its biggest case of oil market manipulation ever, a U.S. regulator warned those trying to rig the commodities markets that they will be hunted down.

The deadly tornado that struck Joplin, Missouri, on May 22, 2011 had its rating changed from EF4 to EF5 (the highest rating for a tornado), according to the survey by National Weather Service.

Mac Defender has already created headaches for many Mac users around the world, but it may be only the beginning, according to researchers at Sophos Laboratories.

San Pedro High School in the Los Angeles Unified School District is on lockdown on Wednesday afternoon after gunshot fire was heard, a school official confirmed to IBTimes on Wednesday.

The hiring of Mike Brown to lead the Lakers as head coach has caused overall skepticism for the most part. But what LeBron and other renowned players are saying about this surprising move for the Lakers may have you rethink what this decision really implies.