IBT Staff Reporter

Mattel Inc. the world's largest toy maker said its fourth quarter profit fell 46 percent compared to the same period last year and far below forecasts. Analysts attributed the losses to a stronger dollar and a weak holiday season not seen in decades.

The Senate's economic stimulus plan is offering $15.5 billion more in tax refunds to money-losing businesses for profits paid in previous years than a similar measure passed by the House last week, according to a report.

Swimmer Michael Phelps, who has won more gold medals than anyone in Olympic history, admitted on Sunday that he had engaged in regrettable and inappropriate behavior after a photo of him smoking marijuana was published in a British tabloid over the weekend.

In January 2009, the University of Michigan Ross School's new 270,000-square-foot building opened for classes.The Executive MBA Program will take place in these new facilities.

The Financial Times has rated EMBA-Global, the partnership between Columbia Business School and London Business School, first in the world in its late 2008 rankings of executive MBA programs.

Apart from Super Bowl celebrations, Justin Timberlake and girlfriend Jessica Biel had something extra to celebrate.

The Kellogg School’s Executive MBA Program (EMBA) has been ranked No. 1 in the world by The Wall Street Journal in its inaugural ranking of EMBA programs.

Vice Dean Tom Colligan Appoints Judy McHugh Executive Director of the Wharton Executive Education Team

Lorrie Norrington, newly appointed president of eBay Marketplaces and one of Fortune magazine's 2008

China's Premier Wen Jibao said on Sunday the government may expand its economic stimulus to boost Chinese growth and trigger consumer spending.

Mining group Rio Tinto is in talks with Chinese state owned aluminum producer Chinalco about selling minority stakes in some of its operations, Rio Tinto said Monday.

There is talk among top U.S. officials about a partial solution to the current financial crisis which involves creating a so-called 'bad bank,' but what exactly is the concept behind it?

Hundreds of protesters in the Swiss cities of Geneva and Davos rallied against the World Economic Forum in Davos, blaming the leaders gathered in there for being responsible of the economic crisis the world is facing.

In her first public appearance since the tragic murders of her mother, brother and nephew in October, Oscar winner and American Idol contestant Jennifer Hudson gave a perfect performance of the national anthem before the Super Bowl on Sunday.

Despite a severe economic crisis, advertisers paid TV network NBC a total of $206 million to show their ads during the Super Bowl broadcast Sunday night, setting a new record in revenue for the event.

Google Inc. apologized Saturday for an erroneous message appearing in every search result which appeared to users that morning.

President Barack Obama's administration has delayed the presentation of its full financial rescue plan by one week until the second week of February, senior officials in the administration said, according to CNN.

Madonna has won temporary permission to move her and Guy Richie's two sons to live with her in New York City, reports The Sun.

Alyson Hannigan was on the Ellen DeGeneres Show on Friday and cracked jokes about her pregnancy.

President Barak Obama's half-brother was arrested for alleged possession of marijuana on Saturday near his home in a Nairobi shantytown, police said.

Today, after a vote by the Professional Football Writers of America in Tampa, site of Sunday's Super Bowl XLIII, announcement was made for the six Pro Football Hall of Fame winners.

On Saturday Iraqis held their most peaceful election since the fall of Saddam Hussein, the voting for provincial councils ended without a single major attack reported anywhere in the country.

Rapper DMX, whose real name Earl Simmons, 38, was sentenced to 90 days in jail Friday for convictions on theft, drug-possession and animal-cruelty charges.

Dakota Fanning, 14, says taking a role in the 'Twilight' sequel Role is a definite possibility, according to a report.

Google has apologized for a glitch that blocked people from using the search engine Saturday morning resulting, This site may harm your computer, causing panic to users.

Google has apologized for a glitch that blocked people from using the search engine Saturday morning resulting, This site may harm your computer, causing panic to users.

Dell, the number 2 PC maker, which is struggling to stave off continued erosion in PC market share, may be planning a new line of smartphones featuring Android and Windows Mobile platforms according to a news report.

Dell, the number 2 PC maker, which is struggling to stave off continued erosion in PC market share, may be planning a new line of smartphones featuring Android and Windows Mobile platforms according to a news report.