IBT Staff Reporter

Human Genome Sciences Inc said its experimental lupus drug Benlysta was successful in a second large clinical trial, paving the way for approval of the first new treatment for the disease in 50 years.

A deal between Royal Bank of Scotland, EU regulators and the UK government could include unplanned disposals, the bank said for the first time on Monday, ahead of a radical shake-up of the UK banking sector.

A consultant's report commissioned by Tandberg said on Monday Cisco's $3 billion takeover bid for the Norwegian video conferencing equipment maker was fair.

Singapore's state investor Temasek, Blackstone Group and KKR are among the firms expected to submit bids soon for AXA's stake in China's No.4 life insurer Taikang, sources said, an investment AXA values at $1.05 billion.

Denbury Resources Inc has agreed to buy Encore Acquisition Co for $3.2 billion to create one of North America's largest oil production and exploration companies.

HSBC Holdings is preparing to boost its China presence about 20 percent next year, as it ramps up for an IPO in one of its fastest growing markets, a top company executive said.

Ford Surprises, Credit Tough Amid CIT Woes; Summers' Summit

Elton John is recovering in hospital from a serious case of e-coli bacterial infection and influenza that forced him to cancel a string of concerts, but he hoped to return to the stage soon, a spokesman said on Monday.

A second attempt to sell a crypt on top of Marilyn Monroe's final resting place has failed, with not a single bid received for the burial spot in a celebrity-filled Los Angeles cemetery.

Several weeks after David Letterman was shaken by a sex-and-extortion scandal, CBS' Late Show With David Letterman has shown little sign of weakening audience support.

Oil rose above $77 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.

Michael Jackson's much-hyped concert movie reigned at the worldwide box office on Sunday, but its performance in North America was hardly a thriller.

U.S. stock index futures pointed to a higher open on Monday ahead of data expected to show the U.S. manufacturing sector grew in October alongside improved global manufacturing.

Dear Sam: How can I list two different jobs with the same company on my resume?

Actor Mel Gibson and his Russian girlfriend Oksana Grigorieva are celebrating the birth of a daughter, according to media reports.

U.S. stock index futures pointed to a higher open on Monday ahead of data expected to show the U.S. manufacturing sector grew in October alongside improved global manufacturing.

Democratic leaders in the U.S. House of Representatives unveiled a bill on Thursday to reform the U.S. healthcare system, President Barack Obama's main domestic objective.

Just in case you've been in a sight-, sound- and Twitter-deprivation tank for the past two years, here's the lowdown on the Twilight franchise: It's a series of four books written by Stephenie Meyer about Bella, a human girl who hearts Edward, a vampire boy. This is awkward, due to Edward's predilection for snacking on platelets, but also because high school relationships are invariably angsty a...

The Obama White House on Friday said the $787 billion economic stimulus plan approved early this year had saved or created 640,329 jobs so far.

For This Is It, Michael Jackson's planned 50-concert residency at London's O2 Arena, the star's sudden death really could have been it, with millions of dollars lost for producer/promoter AEG Live and the star's vision never realized.

White House economic adviser Lawrence Summers will lead a high-level meeting on Monday to discuss the state of the economy, job creation and ways to achieve sustainable growth.

From Facebook to Twitter to YouTube, retailers and food chains plan to use social media this holiday season to get their brands in front of consumers and possibly win a bigger piece of their limited shopping budgets.

Supporters say New York Mayor Michael Bloomberg, who appears set to win a third term this week, gets credit for saving the city from the worst of the financial recession but his critics say he did not do enough.

After about 25 years, those sneaky, lizard-like aliens are back. Once again, they want to take over Earth and, maybe, destroy or consume the populace. But so what? In exchange for their malevolence, they promise to provide a world of fast-paced, eye-catching action and provocative drama.

You read it here first. Here are Billboard's predictions for the Latin Grammy Awards, which will be handed out on Thursday at the Mandalay Bay Events Center in Las Vegas. As always, our choices are based on past voting behavior and recent trends in the Latin music market.

An independent candidate stressing New Jersey's economic woes is attracting surprising voter support in the governor's race, which features an unpopular Democratic incumbent and a Republican challenger with ties to former President George W. Bush.

CIT Group Inc's bankruptcy filing could push at least some small businesses it finances to look for a new lender, but finding new credit will be tough.

Voters in Virginia and New Jersey will elect governors on Tuesday with Republicans and Democrats debating whether the outcome will render the first electoral judgment on U.S. President Barack Obama.

Oil rose toward $78 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.