IBT Staff Reporter

Israel unleashed its largest shelling of Gaza's crowded neighborhoods on Thursday, hitting a U.N. compound, a hospital and a media building leaving 15 Palestinians killed and still counting.

Despite the boom in internet audiences and video-games sales, CBS said on Wednesday that broadcast television is still a viable business.

Bank of America Corp requesting additional capital from the U.S. Government, according to people familiar with the situation quoted by reports today. The aid will help absorb losses related to the purchase of Merrill Lynch last month, a sale which the government favored to prevent further turmoil in the financial system.

China now has the highest number of internet users in the world and had the largest growing online population of 2008, a report suggests.

Microsoft is considering job cuts as early as next week, according to media reports.

Just a week after trying to assure investors of his health, Apple chief Steve Jobs announced Wednesday he will take a leave of absence till end-June because of health problems more complex than thought, causing shares to plunge and analysts speculating over the leadership of the tech company.

Canada's economy is expected to stay in recession for three quarters this year and contract 0.5 percent annually in 2009, according to forecasts by the independent, non-profit Conference Board of Canada,

Just a few days before President-elect Barack Obama is expected to direct the closure of the controversial detention facility, a report within the Bush administration has said the US tortured one of the alleged 9/11 planners held at Guantánamo Bay.

Israeli troops advanced into the crowded residential areas of Gaza City on Thursday, terrifying thousands of residents and sending them fleeing for their lives, according to the Associated Press.

JP Morgan Chase which was expected to break even or report a small loss in the fourth quarter said Thursday its profit plunged 76 percent.

On Wednesday, a new data record showed that China's economy grew to become the world's third-largest in 2007 reflecting the countries amazing ability to overcome yet another milestone in the country's stunning rise in the global pecking order.

The future of Nortel Networks Corp. the Canadian maker of telecom equipment that once boasted a market capitalization of about $250 billion seems uncertain amid questions that the company will break up and sell its parts.

A three-year-old boy named Adolf Hitler who attracted international attention last year, has been removed from his parents Hunterdon County home on Tuesday.

The King's Graceland has gotten a whole lot cuter!

Patrick Swayze said his condition is improving after checking into a Los Angeles hospital last week Friday.

Popular reality show American Idol is suing a Texas strip club over its Stripper Idol contest.

Swington is officially done swinging.

Russia and Ukraine are moving toward a government level meeting on Saturday to resolve the ongoing gas dispute, Ukraine's prime minister said Thursday.

The expectation of a quarterly loss of 4.8 billion euro or $6.3 billion means Deutsche Bank will also mark its first full year loss in 50 years.

Two weeks into the new year, a report of retail decline was another stroke in a patch of turbulent recession as monetary policy makers and the government acknowledge the imperfections and work to fashion a portrait of economic recovery.

Sixty-two percent of voters say their confidence in the U.S. federal government has fallen in the last twelve months, according to a new Public Strategies Inc/Politico poll.

In protest of Israel's military offensive in Gaza, Venezuela cut ties with the country.

Ricardo Montalban, the Mexican-born actor who became a star in splashy MGM musicals and best known as Mr. Roarke in TV's Fantasy Island, has died, he was 88.

Wayne Rooney's first-minute tap-in was enough to beat Wigan, Rooney scored the winner in a 1-0 victory over Wigan Athletic that moved Manchester United to one ups in the Premier League on Wednesday.

Ex-New York Giants running back David Meggett was charged with rape on, Wednesday allegations of another sexual assault, the second time around in three months.

In the eyes of Jamie Dimon, JP Morgan Chase Chief Executive Officer, the worst of the economic crisis has not come yet, predicting the financial sector will see more problems with consumer loans and credit cards, he said in an interview with the Financial Times.

Ravenstahl has called a Wednesday morning news conference at which he announced he's changing his last name to Steelerstahl.

Travel is changing. Here, a look at the trends to expect in the coming year.In these tumultuous times, we return to the essential pleasures of travel, rediscovering classic destinations and old-fashioned manners, seeking out comfort and serenity and quiet. What’s old is new again this year.The shaky economy has lead to some drastic changes in the ways people travel, creating new breeds of travele...

A Navy helicopter whipped the waves as the U.S. Coast Guard closed in on the suspected drug traffickers abandoning their homemade submarine off the coast of Ecuador.