IBT Staff Reporter

General Motors is recalling 111,136 Chevrolet Equinox, GMC Terrain and Cadillac SRX crossover utility vehicles from the 2011 model year due to seat belt buckle anchors that could fail to perform as designed in a crash.

Bank of America has banned transactions to whistle-blower site Wikileaks since Friday, according to media reports. The Obama Administration earlier urged financial organizations to sever ties with the site for illegally releasing confidential US diplomatic cables.

Fox TV and Will Smith production house in talks to make a crime thriller based in China

U.S. companies are turning profitable again, they have stockpiles of cash and the economy is teetering on its new 'recovery' legs as the government pumps in billions of dollars trying to keep it afloat. Yet, the one thing that is crucial to the recovery is not happening - job creation - as companies remain reluctant to hire.

The list of Hollywood stars seems to be increasing in the Valentine Day sequel 'New Year's Eve' with the likes of Sarah Jessica Parker, Halle Berry and Zack Efron.

A slew of Miramax movies to be made into sequels

Britain, France, Germany, Finland and the Netherlands called on Saturday for the EU budget to be frozen until at least 2020, in a joint letter to the European Commission.

Victims of Bernard Madoff's multi-billion dollar ponzi scheme are set to get a at least a third of their money back. The court-appointed trustee for Madoff's investment company - Bernard Madoff Investment Securities LLC - said Friday the estate of investor and philanthropist Jeffry M. Picower had decided to give back $5 billion. That is in addition to $2.2 billion the Picower group has given up to the U.S. government already.

Intel Corp 's $7.68 billion deal to buy security-software specialist McAfee Inc is running into close scrutiny from European officials that could delay the transaction, the Wall Street Journal reported on Friday.

Investors will be taking advantage next week of the some of the last remaining trading days of the year to place their bets on what will be the winners of 2011.

Authorities closed six banks on Friday, bringing the number of closures this year to 157.

Four men were arrested for taking part in an insider trading scheme in which details of Apple's iPhone and iPad were leaked to hedge fund managers.

WikiLeaks's founder Julian Assange's crusade for greater official transparency could backfire by provoking a U.S. government crackdown on leaks that might entangle even journalists, legal experts warn.

A Detroit-area medical clinic owner has been sentenced to 151 months in prison for his role in a $23 million Medicare fraud scheme, the Department of Justice (DOJ) and Health and Human Services (HHS) have announced.

NEW YORK - In yet another sign that social games are emerging as a promotional platform of potential significance, Dr. Dre has partnered with game developer Zynga to develop a variety of branded experiences within the popular game Mafia Wars.

Mobile commerce via the Internet will reach to $4.1 billion for 2010, according to a report from ABI Research.

The Obama administration’s latest strategy review on the war in Afghanistan has, in general, drawn praise from government officials, military leaders and lawmakers from both parties. Some of that praise is, however, well seasoned with concerns, and at least one lawmaker thinks the administration's approach is off the mark.

LOS ANGELES - The Young and the Restless actor Eric Braeden pulled out of a How I Met Your Mother guest starring role last minute -- and Neil Patrick Harris is none too pleased.

At a conference six months ago, Facebook's 26-year-old chief executive was literally dripping in sweat as he fielded tough questions about his company's privacy practices and a forthcoming movie portraying him as manipulative and arrogant.

Authorities closed four banks on Friday, bringing the number of closures this year to 155.

U.S. state and local governments face a surge in borrowing costs after lawmakers refused to renew the federally subsidized Build America Bonds program used to fund infrastructure projects and create jobs.

The U.S. government on Friday proposed prohibiting commercial truck and bus drivers from using cellphones while behind the wheel.

The states of Arizona and Nevada sued Bank of America Corp on Friday, accusing the largest U.S. bank of routinely misleading consumers about home loan modifications.

U.S. retailers are focusing on convenience in the holiday season's home stretch.

The man assigned to recover money for Madoff's victims won his biggest settlement yet -- an agreement by the estate of longtime Madoff friend Jeffry Picower to give back $7.2 billion in profits from the epic fraud.

(Corrects company name and details of funds under management in 5th paragraph)

Emerging markets, the consensus trade for 2011, look set for further heavy inflows of investment dollars, raising questions over how much more new money they can comfortably absorb without igniting an asset bubble.

LOS ANGELES - Oscar nominee James Caan will voice an animated chili pepper on kids' web series The Annoying Orange, a rep for OpenFilm.com confirms to The Hollywood Reporter exclusively.

It seems there is little Research In Motion can do these days to impress analysts convinced that Apple and Google will eventually dominate the booming smartphone and tablet markets.