Financial services giants Goldman Sachs and Morgan Stanley are said to be the front-runners for the role of lead investment banker in Facebook's much-awaited blockbuster initial public offering next year, a media report said.

Internet giant Yahoo may shed its substantial holding in China's Alibaba Group and in its Japanese affiliate in transactions totalling about $18 billion, says a media report.

Sotheby's said six telephone and online bidders sought the document and it was eventually bought by Cisneros Corp chief executive Eduardo Cisneros.

These advertisements and commercials for innerwear have ruffled quite a few feathers -- you'll see why!

Chelsea Clinton, the daughter of former US President Bill Clinton and Secretary of State Hillary Hillary Clinton, has been roped-in by NBC News as a full-time special correspondent.

Lingerie giant Victoria's Secret held their annual fashion show in New York last night. Artists Jay-Z, Kanye West, Maroon 5 and Nicki Minaj performed live as supermodels like Miranda Kerr, Doutzen Kroes and Alessandra Ambrosio sizzled on the runway. Don't miss it!

The film is whacky and mindless but hugely entertaining at the same time.

High on confidence after a successful Copa America campaign, Venezuela coach Cecar Farias is determined to break his side's jinx of being the only Latin American nation yet to qualify for the football World Cup by making the cut for the 2014 edition in neighbouring Brazil.

Check out these pictures.

English Premier League champions Manchester United have retained their title as the world's most valuable sports team, according to Forbes magazine's (www.forbes.com) annual top 50 list.

Start-up entrepreneur Aashish Gupta who founded YellowLeg.com that sells only travel books to "discerning traveller" talks about life as a start-up and challenges he faced.

A former top executive of Citigroup has been charged for allegedly siphoning off more than $19 million from the bank, the latest in a string of frauds that have come to light at the global banking giant.

Pandit has been taking home a token one dollar salary from Citigroup since 2009.

Spanish football giants Barcelona and Real Madrid have overtaken baseball's New York Yankees as the highest paid teams in global sport, according to the Global Sports Salaries Survey 2011.

Global hotel firms and domestic realty firms come together to market the latest in high living in the country.

"Google, as part of its goal to allow shoppers to use their mobile devices, rather than physical credit cards, to pay for goods in retail stores, is working on a potential partnership with electronic-payments company VeriFone Systems Inc," The Wall Street Journal reported citing a source.

While stock exchanges worldwide are consolidating, not much action is happening in India due to the cap on equity holding in stock exchanges.

An interview with author Ken Follett, one of the world's ten highest paid writers.

Pro Football Hall of Famer Lawrence Taylor pleaded guilty to misdemeanor charges he paid an underage girl for sex and must register as a sex offender, prosecutors said on Thursday.

A PricewaterhouseCoopers (PwC) report says the gaming industry he helped found in the former Portuguese colony and ruled for 40 years before the Chinese broke up his monopoly in 2001 will double its size, already twice that of Las Vegas, in the next four years.

The personal fortune of Facebook founder Mark Zuckerberg has doubled to $14 billion after his social networking site got a huge cash injection from Goldman Sachs.

Welcome to the weekly fashion round-up, where we bring you the latest on supermodels, style, designers and everything in-between!

Megamind is only for those who really want to spend money at the multiplex this weekend.

"It is completely false. I don't know what is the basis of this. I am not a candidate. This is some speculative thing in the New York Times," Ahluwalia said.

Groupon known for its daily discounts would be one of Google's largest acquisitions, dwarfing even Google's $3.1 billion acquisition of DoubleClick in 2007, the display advertising giant.

Lingerie giant Victoria's Secret held their annual fashion show in New York last night. Popstar Katy Perry and rapper Akon performed live as supermodels like Adriana Lima, Alessandra Ambrosio and Candice Swanepoel sizzled in intimates on the runway. And don't miss the $2 million bra that was on display!

Adriana Lima looked like a million dollars as she wore the latest in jewel-encrusted lingerie.

The US government may next week announce a plan to exit its stake in the insurance giant American International Group Inc, says a media report.

'What India needs more than anything else is an in-command Singh, who assiduously shepherds a difficult slippery path with good footwork and adroit balance. Instead we have a hamstrung leader struggling with a difficult diverse set of issues.'

Software giant Infosys on Monday took strong objection to a United States senator describing it as a 'chop shop' and asserted that the company was a responsible corporate that creates jobs and provides high quality services across the world

Nobel Laureate Amartya Sen has been selected as the recipient of the second annual Pratham USA Award for Outstanding Service in education, the non-profit organisation announced recently.

Manchester United has been rated as the most valuable sporting club in the world.

According to The New York Post, sources close to BP have revealed that there was a growing expectation that Hayward would announce his departure in late August or September.

France striker Thierry Henry has quit Europe to play for the New York Red Bulls, following players such as David Beckham into Major League Soccer (MLS). The 32-year-old Henry announced on Wednesday that he had agreed to leave Barcelona to take up a "multi-year" deal with the Red Bulls.

The company had made its first breakthrough in the US in April when it had acquired 40 per cent stake in Atlas Energy Inc's 3,00,000 acres shale gas property for $1.7 billion. Atlas' Marcellus shale gas project spans parts of West Virginia, Pennsylvania and New York.

'Unfortunately, the most likely outcome is that they will press India to give in to the ISI, or, equally disastrously, ask for Indian troops to join them in Afghanistan.'

Sports Authority was sued on Thursday by the U.S. Soccer Federation, which accused the sporting goods retailer of running television and Internet advertisements tied to the World Cup without permission.

Formula One will return to the United States in 2012 with a 10-year deal for a race in the Texas state capital Austin, commercial supremo Bernie Ecclestone announced on Tuesday.

Problems between Dr Vajinder Pal Toor and Dr Lishang Wang started early 2008. Wang alleged in the lawsuit that Toor unfairly targeted him. A confrontation between Toor and Wang occurred on May 15, 2008, when Wang was accused of leaving his post in the intensive care unit and being incommunicado for several hours.

Foreign media reports and analyses the Kasab death sentence