IBT Staff Reporter

Homebuilder KB Home reported a narrower quarterly loss, though its chief executive cautioned that he does not expect to see meaningful improvement in the U.S. housing market in the near future.

Character actor Ken Howard was elected president of the Screen Actors Guild on Thursday, the union said, four days after he won an Emmy for the HBO TV movie Grey Gardens.

Surrogates is a movie about human robots that appears to have been made by human robots. Just as the dystopian world the movie portrays is arid and specious, the movie itself is a mechanical sci-fi'er absent of logic or emotions. It functions as an expensive place-filler on the Disney release schedule and, as such, will be welcomed by only the least discriminating thriller fans after it opens Fr...

Sales of newly built U.S. homes likely rose to their highest level in a year in August, supported by government-sponsored tax incentives and growing signs of the economy's recovery, according to a Reuters poll.

U.S. stock index futures edged higher on Friday ahead of key data expected to show a small gain in new orders for durable goods.

As ailing showbiz mogul Dick Clark prepares to celebrate his 80th birthday in November, a new documentary threatens to tarnish his image by recounting his controversial beginnings.

Watch out Britney, Octomom and Paris! Shows spoofing your fame are piling up faster than celebrity magazines in a hair salon, and they include a stage musical and animated TV programs.

New orders for long lasting U.S. manufactured goods probably rose for a second straight month in August as stronger demand for automobiles offset a drop in commercial aircraft orders, according to a Reuters survey.

The Group of 20 will become the forum for global economic management, giving rising powers such as China more clout, and roll out tougher rules on bank capital by the end of 2012, a draft communique said on Friday.

The dollar slipped on Friday after a draft communique from Group of 20 leaders said economic stimulus measures would remain in place for now, suggesting U.S. interest rates would remain low.

U.S. stock index futures edged higher on Friday ahead of key data expected to show new orders for durable goods rose slightly.

Rising Powers at Table; Way Opening for Buyouts; Loan Losses Grow

Goldman Sachs Group Inc expects to benefit from the new over-the-counter derivatives and commodity trading rules owing to its strong technology position, said a Citigroup analyst, who met with Goldman management, and raised his earnings outlook for the bank.

Global stocks struggled near a 1-1/2 week low on Friday despite a pledge by the Group of 20 countries to keep emergency economic stimulus in place until a durable recovery is secured, helping underpin government bonds.

Bank lending, which plummeted after the credit crunch, remains constrained and leveraged buyout deals are still difficult to arrange.

U.S. regulators say that the level of losses from syndicated loans facing banks and other financial institutions tripled to $53 billion in 2009, due to poor underwriting standards and the continuing weakness in economic conditions.

The global market for initial public offerings rebounded decisively in the third quarter, on the strength of large deals in Asia and a U.S. market that emerged from its doldrums.

Financial and consumer-related shares rose in Asia and the U.S. dollar turned lower on Friday as G20 leaders pledged in a draft statement to keep some stimulus supports in place until a recovery is clearer.

Asian stocks fell and the U.S. dollar extended gains on Friday after central banks said they were winding down extraordinary stimulus measures, raising fears the days of fast flowing liquidity were numbered.

U.S. regulators say that the level of losses from syndicated loans facing banks and other financial institutions tripled to $53 billion in 2009, due to poor underwriting standards and the continuing weakness in economic conditions.

U.S. regulators say that the level of losses from syndicated loans facing banks and other financial institutions tripled to $53 billion in 2009, due to poor underwriting standards and the continuing weakness in economic conditions.

Banks led by JPMorgan Chase & Co reaped a bonanza of underwriting fees from debt and equity capital-raisings in the third quarter but a deepening slump in M&A activity depressed overall investment banking fees.

Technology such as mobile internet devices and virtual realities will have a profound impact on educational institutions over the next three years, according to a report released at a Griffith University symposium today (September 25).

Wall Street's biggest firms have seen their overall share of dealmaking erode over the past decade as boutique and mid-sized firms lure away rainmakers and provide niche expertise.

A Texas man accused of insider trading related to Dell Inc's planned purchase of Perot Systems Corp helped rescue two American hostages from Iran in 1979, the Wall Street Journal said on its website.

Britain's takeover watchdog is reviewing private comments by Cadbury Plc's chief about the company's valuation amid a potential takeover by Kraft Foods Inc, saying Todd Stitzer had stoked uncertainty in the market, the Financial Times reported.

A government task force set up to help revive Japan Airlines Corp said on Friday it would review the carrier's turnaround plans from scratch and that splitting it into good and bad parts was an option.

China's largest video game operator, Shanda Games Ltd, priced its U.S. IPO at the top of its indicated range to raise $1 billion in the largest U.S. IPO this year, a source said on Friday.

Shares of A123 Systems Inc, a maker of lithium-ion car batteries, had the second-best debut of any 2009 U.S. initial public offering, rising 50.3 percent in their first trading session, far outpacing the four other stocks that came to market on a particularly busy day for IPOs.