IBT Staff Reporter

Canadian drugmaker Valeant Pharmaceuticals International said it made an unsolicited $5.7 billion bid to buy Cephalon Inc and plans to make its case directly to Cephalon shareholders.

A lifesize train set - comprising a 120-year-old steam locomotive, antique carriages, almost nine miles of track and a railway station - is being offered for sale on a New Zealand auction website.

The mystery behind the recent UFO sighting over Colorado seems to have been unlocked with an explanation emerging of the strange encounter's very terrestrial origin.

The new program drastically reduces the cost of licensing any of the roughly 15,000 patents held by the federal government's National Laboratories.

The US Department of Education has imposed a fine of $55000 on Virginia Tech for its failure to issue timely warnings after the initial shootings at a residence hall in 2007, which escalated into one of the deadliest campus massacres ever.

Fisker, the hybrid-car start-up aiming to market a four-door, four-passenger luxury plug-in hybrid, Karma, has finally started production.

Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese government economist said in a paper published on the eve of a G20 meeting about how to reform the global monetary system.

Toyota Motor Corp <7203.T> and Honda Motor Corp <7267.T> took fresh steps to scale back output or reduce orders of some parts in North America as supplies remain disrupted after the March 11 Japan earthquake.

World stocks bounced back on Wednesday, driven by optimism about potential gains in the coming quarter and setting aside lingering concerns about Japan's nuclear crisis and turmoil in the Arab world.

Brent was steady near $115 on Wednesday, after falling as much as 0.6 percent on indications that higher fuel prices were weighing on consumer confidence in top user the United States, where crude inventories rose more than expected last week.

A brother and sister from Britain were reunited after more than 30 years when they met via a dating website. Sarah Kemp, 42, got reunited with her 47-year old brother George Bentley after joining dating website ForgetDinner.co.uk last November, only to find out they were siblings.

Russian Internet investment group Digital Sky Technologies, an investor in social network company Facebook, has joined a group of investors funding hundreds of millions of dollars to 360buy.com, China's largest online retailer, the Financial Times reported.

After rain threatened to wash out play on the evening before the match, the sun is up and shinning at Mohali and the crunch World Cup semi-final clash between India and Pakistan is expected to start as scheduled, though there are chances of light showers in the evening.

Start the slideshow to go through celebrity witnesses in the high-profile Berlusconi sex case, including George Clooney, his Italian girlfriend Elisabetta Canalis and footballer Cristiano Ronaldo.

Few creditors of Lehman Brothers Holdings want the court to consider their alternate restructuring plan when the bankrupt investment bank's own proposal comes up for voting in June, court documents show.

Consumers turned gloomy in March as rising energy prices ignited fears of inflation, a change in mood that could dent global economic growth.

U.S. apparel brand Gap Inc opened an online store on China's biggest e-commerce platform Taobao on Wednesday, in an effort to lure savvy Chinese shoppers outside wealthy cities.

Lindsay Lohan is in the news again over one of her many legal problems. LiLo, may be frequent but not alone in celebrity mugshot hall of shame. Start slideshow to see photos of prominent celebrity mugshots:

Asian stocks rallied on Wednesday as investors snapped up riskier assets on attractive valuations, while Japanese exporters were helped by the yen's weakness on expectations of interest rate rises in Europe and the United States.

Australia's Qantas Airways plans to scale back some flights and cut management jobs to help offset soaring fuel prices and an estimated A$140 million ($144 million) hit to its earnings from a string of natural disasters in key markets.

A judge has been picked to serve as arbitrator in Charlie Sheen's war against Warner Bros. and Two and a Half Men co-creator Chuck Lorre.

The Federal Reserve will not meet an April 21 deadline for issuing a final rule cracking down on the fees banks charge merchants when a debit card is used, Fed Chairman Ben Bernanke said in a letter to U.S. lawmakers on Tuesday.

Online video rental company Netflix Inc has tweaked its Canadian streaming service to cut down on the amount of data it uses in a country where Internet usage is typically metered and capped.

Dramatic rooftop video from Japan's Kesennuma port shows a close-up view of powerful tsunami floods which completely devastated the town on March 11.

Pernod Ricard SA the world's No. 2 spirits maker, lost a U.S. appeals court ruling on Tuesday over the right to use the name Havana Club on rum sold in the U.S. market.

YouTube sensation Jacob Tucker, a 5’ 11’’ college basketball player whose flashy dunks have gotten more than 2 million views on the video site, will be going to the Final Four dunk contest in Houston.

Since the launch of the Apple's new iPad 2 on March 11 in the US, then March 25 in various more countries, it has been an incredible success. But the device isn't perfect. There are a number of drawbacks that potential buyers should know about before they purchase it impusively.

(Corrects in paragraph 2 description of Cubaexport to a Cuban state-owned company from a joint venture between the Paris-based spirits company and Cuba and explanation of the ruling to does not have the right to renew the trademark from does not have the right to sell Havana Club rum in the United States. Deletes that trademark expired. Corrects first bullet point)

A Wisconsin judge ordered state lawmakers on Tuesday to temporarily stop implementation about a controversial law that would restrict public employee bargaining rights.