COMPANIES

Direct Air has suspended all its flights amid the spring break season and will not resume operations until May.15, the discount airline announced on its Website.

The battle between HTC and Apple will be intensified in the coming days, predict smartphone lovers.

Apple will finally release its third-generation iPad, simply called the new iPad, starting at 8 a.m. local time on Friday, March 16. Besides Apple, plenty of other stores will begin selling the tablet on launch day.

HTC Corporation has become the direct competitor to Samsung Electronics in the Android market and to prove this, the Taiwan-based handset vendor has recently confirmed its big plans to bring Android 4.0 Ice Cream Sandwich update to all of its latest 16 devices.

Chicago-based Boeing Co. will pay Air India Ltd. $500 million for delays in delivering 27 of its 787 Dreamliner aircraft, a senior Indian official said Wednesday.

GE Healthcare, the healthcare division of General Electric, and Intel Corp said on Wednesday they have established a laboratory in Israel to jointly test new technologies.

Apple explained in its patch notes that iOS 5.1 contains fixes for a variety of vulnerabilities, including a fix to the lock screen of the iPad and iPhone. Here are the top five security updates in the latest Apple mobile OS update, which can be downloaded and installed using iTunes.

UnitedHealth Group Inc. (NYSE:UNH), the biggest U.S. health insurer by revenue, said it was partnering with a Dubai-based insurance company to provide service throughout the Middle East. The announcement is further proof of an ongoing trend for U.S. health insurers, who are looking to expand internationally in the face of some business uncertainty at home.

Apple (Nasdaq: AAPL), the iPad developer, received a subpoena from the U.S. Federal Trade Commission as part of its probe into practices of Google (Nasdaq: GOOG), a report said.

There are currently more than 100,000 native iPad apps available in the Apple Store, some of which are unique and must-haves for your New iPad. These apps are not very new, yet they will score high when it comes to creativity, innovativeness and usefulness. Check out the list of 10 must-have apps for your iPad.

The photos have been uploaded by the same set of guys who leaked the iPhone 4 in 2010.

After months of speculations, Apple's New iPad was officially announced last week, and since the new gadget has come up with only a slick of updates to iPad 2, it has been compared to all sorts of rival tablets in the market.

The U.S. Federal Trade Commission has subpoenaed Apple in order to get details about its mobile-search deal with Google according to a report by Bloomberg.

If the latest reports are to be believed, Nokia is slated to launch its first Microsoft Windows 8-powered series of tablets in the fourth quarter of 2012.

The company has announced about an Android 4.0 or Ice Cream Sandwich update for several selected tablets.

It has been revealed in a recent development that Pantech, the second largest mobile handset maker in South Korea after Samsung, is all geared up to release a new Android-powered device for the South Korean market.

The Congressional Budget Office updated its 2011 figures on the Affordable Care Act and found 2 million fewer Americans will be insured than originally thought.

Yahoo! Inc.'s (NASDAQ:YHOO) stock may be valued too cheaply by the market, according to Dan Loeb, a New York-based hedge fund manager.

Citigroup Inc., the third-largest U.S. bank, and SunTrust Banks Inc. failed the Federal Reserve's latest stress test because they lack enough capital to endure a hypothetical shock to the U.S. economy, the central bank said Tuesday.

JPMorgan Chase & Co became the first bank on Tuesday to say regulators have completed stress tests of its balance sheet and approved a dividend increase and stock buybacks.

Pfizer, the world's largest drug maker, is scheduled to appear in court in May over Celebrex, a drug Bingham Young University and researcher Dr. Daniel Simmons claim royalties that could amount to millions to a billion dollars.

Dell Inc. (Nasdaq: DELL), the third-largest maker of PCs in the world, will pay about $1.2 billion for network security company SonicWall Inc. to bolster its enterprise security offerings, The Wall Street Journal said Tuesday.

The relationship between Samsung and Apple is complicated. Even as the two tech giants continue to sue each other around the globe, a new report from iSuppli discovered that Samsung is the sole manufacturer of the Retina Display screen for the new iPad, which was unveiled on March 7 in San Francisco.

Audi AG, Volkswagen AG’s luxury unit, is in talks to buy Ducati, the storied Italian motorbike company from its private equity owner, Investindustrial Holdings Ltd., London, CAR magazine reported Monday.

Shares of Intel (Nasdaq: INTC) were near their record high after reports the No. 1 chipmaker is trying to create a virtual TV service for the consumer sector.

The share of power generation in the U.S. by burning coal has fallen to near a 35-year low, as electric power plants showed less interest in thermal coal due to a mild winter and a shift to cheaper gas.

TBC Corp., a unit of Japan's Sumitomo Corp., will pay $173 million in cash for Midas Inc. (NYSE: MDS), the automotive parts and repair chain based in Itasca, Ill., said Tuesday.

Shares of Apple rose to another record after an influential analyst issued a report that boosted price targets and said the company shouldn’t have problems selling its latest iPad.

Gold mining executives meeting in Toronto for an annual prospectors' convention have been buzzing about their stocks relatively weak valuatio and what they should be doing about it, the Financial Times reported.