IBT Staff Reporter

Italy's UBI Banca saw net profit fall 75 percent in the first half as revenues fell, the bank said on Saturday.

Two real estate investment trusts filed for initial public offerings on Friday, bringing to eight the number of applications since early July by REITs created by real estate companies seeking to take advantage of the distressed commercial property market.

A patriotic Chinese film aimed at boosting national pride ahead of a key political anniversary has tempers rising instead, because many of the movie's stars are foreign citizens.

Demian Bichir, the Mexican actor who portrayed Fidel Castro in Steven Soderberg's

Qatar Holding LLC aims to become the largest shareholder in Songbird Estates -- owner of much of London's Canary Wharf office complex -- the investment arm of the Qatari wealth fund said late on Friday.

Demand in the ailing forestry sector has stabilised after a grim start to 2009 but controlling costs will remain a major focus for the foreseeable future, paper company executives said on Tuesday.

The roughly 370,000 employees of Volkswagen and Porsche are striving initially to acquire a stake of up to 5 percent in the automotive group, VW's labor chief told a German newspaper.

The couple accused of kidnapping an 11-year-old girl and keeping her hidden in their backyard for 18 years pleaded not guilty to dozens of charges on Friday as police searched their home for evidence related to murders of prostitutes in the 1990s.

Nelly Furtado's first Spanish-language album is a mixture of design and circumstance, as so many grand plans often are.

George Steinbrenner, longtime owner of the New York Yankees baseball team, was accused in a lawsuit on Friday of fraud and breaching an agreement over the running of his $3 billion cable TV network.

ARTIST: WEEZERSINGLE: I WANT YOU

DJ AM was found dead Friday afternoon in his apartment in SoHo, New York. The circumstances surrounding his death remain unclear.

Sun Microsystems Inc reported a fourth quarter loss on Friday, as the computer server maker's planned acquisition by Oracle Corp nears expected completion.

The U.S. Federal Reserve won a delay of a federal judge's order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received.

Apple's iPhone will go on sale later this year in China, the world's largest mobile market, but its partner China Unicom may find selling the phone carries its own burdens.

Authorities investigating a man accused of kidnapping an 11-year-old girl and keeping her in his backyard for 18 years searched his California home on Friday for evidence in the 1990s murders of prostitutes.

Songwriter and guitarist Noel Gallagher announced Friday he had quit Oasis, saying he could no longer work with his brother Liam, the rock band's singer.

Pop star Michael Jackson's death was ruled a homicide from drug overdose on Friday, fueling speculation his personal physician, Dr. Conrad Murray, may soon be charged with manslaughter or another crime.

A 15-year-old Belgium boy is allegedly the latest victim in a series of mysterious iPhone explosions that have captured the attention of France's and the European Commissions' consumer affair watchdogs.

Apple may be not only working on a 10-inch tablet, but also in 13 and 15 models, one running Mac OS X, Gizmo said on Friday citing a source that has always been 100% reliable.

A U.S. court struck down a rule limiting a cable company to no more than 30 percent of the subscription television market, a victory for companies like Comcast Corp that could spark many industry deals.

A U.S. court struck down a rule limiting a cable company to no more than 30 percent of the subscription television market, a victory for companies like Comcast Corp that could spark many industry deals.

Pop star Michael Jackson's death has been ruled a homicide from an overdose of the anesthetic propofol and other drugs, and police will refer the case to prosecutors for possible criminal charges, officials said on Friday.

Apple is geared to see huge profits next year with analysts predicting the company will sell somewhere between five and seven million iPhones in China in 2010 as a result of its deal with the country's second-largest mobile carrier

A suicide bomber failed in his attempt to kill the prince who heads Saudi Arabia's anti-terrorism campaign, the first attack on a member of the royal family since the start of a wave of violence by al Qaeda six years ago.

The Securities and Exchange Commission's internal watchdog has criticized the agency for approving a credit rating agency, even though it had suspicions about the accuracy of its financial information.

The United States on Friday welcomed Beijing's decision to eliminate additional charges on imported auto parts in a landmark case that ended a grace period for China after it joined the World Trade Organization.

Republicans and Democrats were to come together at a private memorial service on Friday to honor Senator Edward Kennedy, the standard-bearer for liberal Democrats and patriarch of an American political dynasty.