IBT Staff Reporter

The Watchmen lawsuit over the movie's distribution rights has been dragged nearly yearlong and is costing Warner Bros. and 20th Century Fox hundreds of thousands of dollars in legal fess and according to those familiar with the dealmaking say both companies are close to reaching a settlement, reported The Hollywood Reporter.

Eddy Curry's former limo driver accused the NBA Knicks center in a lawsuit, filing a porn-ready suit against him.

RCN Corporation a leading provider of video, data, and voice services to residential, business and commercial and or carrier customers, said it is launching a contest that will send the winner on a Red Sox spring training vacation.

Yahoo is expected to announce that Carol Bartz has accepted offer to become next CEO of the company, people familiar with the situation said, according to the Wall Street Journal.

Oil futures rebounded for the first time in six days in New York after Saudi Arabia said it will cut its February production.

Christine McCallum, 29, 5th grader US teacher slept with a 13-year-old boy and had sex more than 300 times, has been condemned and charged with seven counts of statutory rape.

The 46-year-old American, attempting to become the oldest heavyweight to win a major belt lost to his Russian counterpart.

David Kuchinsky, Eddy Curry's former driver, suing for sexual harassment against him, claiming Curry made sexual advances and also used anti-Semitic and racist comments.

An Australian state, Tuesday, has launched a global search for candidates for the best job in the world to become an Island caretaker earning a top salary exploring the tropical island for six months.

22-year-old, Natalie Dylan, Californian student, is not the first woman to try to auction off her virginity for money now worth $2.5 is getting high bids.

On Monday night Hornets coach, Byron Scott, made the unusual move of keeping Paul in the game instead of giving him his normal rest at the beginning of the fourth quarter.

Leaders of the retail industry discussed on Monday, innovative and creative ways to approach their customers as consumer spending is shrinked by the economic downturn.

India ordered the Serious Fraud Investigation Office to investigate regulations at Satyam Computer Services Ltd, Prem Chand Gupta, minister for company affairs said in New Delhi today.

CSI star William Petersen is saying goodbye to the show that averages 21.3 million viewers a week, reported Entertainment Weekly.

Beleaguered technology outsourcer Satyam Computer Services risks losing both clients and employees, market analysts have warned.

Game show host Howie Mandel has been hospitalized in Canada with an irregular heartbeat, his publicist said Tuesday.

The nation's trade deficit contracted 28.7 percent in November, the most in 12 years, on a record drop in imports due to weak consumer demand and plummeting oil prices, the US Commerce Department reported Tuesday.

In the fourth quarter of a 108-105 victory over the Miami Heat on Sunday, Los Angeles Lakers guard Kobe.

The Federal Deposit Insurance Corp on Monday urged more than five thousand banks to disclose the way they are using the money from the $700 billion stimulus package.

Clint Eastwood’s new Drama “Gran Torino,” in which he stars and directs, led the U.S. box office with $29.5 million in its first weekend of wide release, the highest weekend total for any of Eastwood's films, reported the Associated Press.

A restraining order filed by Jennifer Love Hewitt was granted on Monday against a 62-year-old man she says has been stalking her since December, reported the Associated Press.

On Monday Japanese and South Korean leaders put their country differences aside and pledged cooperation amid the global financial crisis in a bid to resuscitate the hard-hit Asian economies.

The days when you sat behind your browser, quickly picked the items you wanted buy, placed them in your virtual basket and checked out without paying sales tax could soon be a thing of the past.

The World Bank said on Sunday it plans to publish the names of all companies it bars from receiving Bank contracts, and named three Indian firms.

BP Plc had about $20 million worth of diesel fuel stolen at its distribution plant on a Harbor Island distribution center in Seattle, according to police.

Federal Reserve chairman Ben Bernanke said Tuesday that the fiscal stimulus package by President-elect Barak Obama would significantly boost for the stagnant U.S. economy, however he warned it won't be enough to last for the long term unless other steps are taken to stabilize the shaky financial system.

United Nations Secretary-General Ban Ki-moon on Monday said he's embarking on a Mideast tour to press for Israel and Hamas to immediately stop fighting and allow humanitarian aid into the devastated Palestinian territory.

Crude oil slumped below $37 a barrel on Tuesday to mark its largest decline in one month on expectations that U.S. supplies have increased due to low demand.

Alcoa Inc. the third largest aluminum maker in the world, announced Monday its first net loss in six years during its fourth quarter, lower than analysts expected as the economic downturn impacted demand and prices of the metal.