IBT Staff Reporter

Facebook is making enough money to cover its costs and now has 300 million users, the world's largest social networking site said on Tuesday, proving the Internet's newest star industry can be a viable business.

Intel has slashed the power consumption of its new Moorestown chip platforms for mobile devices, a big boost for its efforts to grab a slice of a booming market for chips in cell phones and other consumer electronics.

David Henrie of the Emmy-winning Disney Channel series Wizards of Waverly Place will pair with Platinum Studios to develop its comic book series, The Weapon, into a feature film he'd star in.

CombiMatrix Corp said it engaged Robert W. Baird as its financial and strategic adviser to help develop and review strategies aimed at unlocking shareholder value.

Bond girl Eva Green turns up at a British girls boarding school as a free-spirited teacher who isn't all she's cracked up to be in the erotically-laced period drama, Cracks.

Is melanoma, a potentially deadly form of skin cancer, on the rise, as is often reported? Maybe not, says a new study: The melanoma epidemic may simply represent a change in how doctors are diagnosing the disease.

Calpine Corp's 724-megawatt Pastoria natural gas-fired power station in California returned to service by Tuesday afternoon, the California Independent System Operator said in a report.

Think you need antibiotics to fight that cough or cold? Numerous Web sites are willing to sell them to you without a doctor's prescription -- a loophole, researchers say, that could undermine efforts to curb the problem of bacteria that shrug off powerful antibiotics.

Some people seem to have all the luck. Include in that group actress, producer and now director, Drew Barrymore.

U.S. consumer prices rose faster than expected in August from July on a spike in gasoline costs, government data showed on Wednesday, but the underlying trend pointed to muted inflation pressures.

British actress Kate Winslet lead the pack of People magazine's 10 best-dressed women of 2009, with U.S. first lady Michelle Obama chosen for best accessible glamour.

Doctors caring for patients with early stage prostate cancer may do better to watch and wait to see if tumors develop rather than engage in aggressive treatment that may do no good, scientists said on Tuesday.

Goldman Sachs downgraded General Mills Inc to neutral and removed the stock from its Americas buy list, saying revenue growth at the food company could moderate and no longer outshine peers.

Rap star Kanye West personally apologized on Tuesday to country teen star Taylor Swift after a two-day furor over his hijacking of an awards speech that even drew an off-the-cuff comment from PresidentBarack Obama.

The U.S. Federal Communications Commission said on Tuesday the agency will review the incident involving a fleeting glimpse of pop singer Janet Jackson's breast during the 2004 American football championship.

Harrah's Entertainment, one of the world's largest casino operators, bought $140 million of the debt related to the Planet Hollywood Resort & Casino in Las Vegas, the Wall Street Journal reported, citing people familiar with the matter.

U.S. workers getting health insurance for their families through employers have seen their premiums more than double in the last decade and the trend toward higher health costs is expected to continue, according to two reports released on Tuesday.

Jay Leno's closely watched new prime-time TV show drew a bumper audience of nearly 18 million viewers, cheering executives at struggling NBC on Tuesday but leaving TV critics underwhelmed.

Canadian singer/songwriter Nelly Furtado has embraced her Latin roots -- and the Latino music market -- with the release of her first Spanish language album, Mi Plan.

U.S. health officials have approved vaccines from four drugmakers to help prevent the H1N1swine flu, ensuring there will be enough to inoculate Americans who want the protection, U.S. Health Secretary Kathleen Sebelius told lawmakers on Tuesday.

Chrysler Group LLC will present a five-year business plan by the end of November that outlines numbers and the path out of two years of difficulties, its chief executive said on Wednesday.

His previous pet TV project, Arrested Development, became one of the most acclaimed series of the past decade.

Jay Leno and Jeff Zucker have been thinking a lot about TiVo lately. And, at least in the case of the NBC Universal boss, not entirely in a good way.

The U.S. health insurance program for the elderly, disabled and poor is seeking to pay one lump sum for all costs related to kidney dialysis, including prescription drugs, the Centers for Medicare & Medicaid Services (CMS) said on Tuesday.

He writes, he sings, he sometimes exchanges blows in the boxing ring. But Bob Dylan is also familiar with another type of canvas as a quietly prolific painter.

Geely Automotive (0175.HK), the Chinese carmaker whose parent is eyeing Ford's (F.N) Volvo unit, said it was considering a convertible bond issue, but added that the move is unrelated to the parent company's previously disclosed interest in the Ford unit.

The economic downturn will likely cost as many as 25 million people their jobs by end-2010 as the unemployment rate nears a record 10 percent in the OECD group of countries, according to a report released on Wednesday.

Police took into custody Raymond Clark 3rd on Tuesday, a person of interest but not a suspect in the killing of Yale graduate student Annie Le.

BMW, the world's biggest premium carmaker, would not need to make more job cuts even if a second wave of the global financial crisis would hit, personnel chief Harald Krueger told Reuters.