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The Near Field Communication (NFC) technology will reportedly be packed in the next generation iPhone - dubbed iPhone 5.

CIT Group Inc., the business lender led by former Merrill Lynch Chief Executive John Thain, said its quarterly profit fell 59 percent on lower interest income.

There are a lot of unknowns heading into tonight's Knicks' game. Both Carmelo Anthony and Baron Davis are question marks, though it's doubtful either will play. It's also unknown which Knick team will show up. The Devils biggest problem this year has been scoring goals. The Rangers are second in the NHL in goals allowed.

Adding to the rumor mill surrounding Apple's future products, a recent report suggested that Apple's next generation iPhone would feature near field communication, or NFC technology.

I have a healthy respect for the institution of government, and sometimes even feel sorry for politicians who have thankless jobs (President Barack Obama springs to mind), but I find the whole process that Americans go through to elect our leaders cringeworthy.

I have a healthy respect for the institution of government, and sometimes even feel sorry for politicians who have thankless jobs (President Barack Obama springs to mind), but I find the whole process that Americans go through to elect our leaders cringeworthy.

The First Lady reportedly visited a luxury lingerie boutique in New York and also made a handsome purchase.

The top aftermarket NYSE gainers Monday were: McKesson Corp, New York & Co, Inergy, Freescale Semiconductor Holdings, Talbots, Och-Ziff Capital Management Group, HyperDynamics Corp, New York Times and Hyatt Hotels Corp.

Pinkberry co-founder Young Lee on Monday pleaded not guilty to a charge of assault with a deadly weapon, stemming from a confrontation with a panhandler that police say ended with Lee hitting the man with a tire iron.

South Korean retailer E-Land Group confirmed on Tuesday it is part of a consortium that is among short-listed bidders in the auction for bankrupt Los Angeles Dodgers baseball team, a move that could help it expand further in the sportswear business.

President Barack Obama Monday played down the use of U.S. drones in Iraq, saying the program was very limited and focused mainly on protecting the U.S. Embassy in Baghdad.

Google News now provides quotes by individuals as part of its search function in a new feature that can be seen as either annoying or useful.

Private-school tuition was always pricey in New York. Now, though, it is set to top the $40,000 level.

Facebook is presenting its users with a rare opportunity to project their opinions about the 2012 elections on a giant Times Square billboard.

Rutgers thought it had found the perfect replacement for Greg Schiano on Monday, but Florida International coach Mario Cristobal decided to turn down the job offer.

Whitehouse confirmed Monday that he and at least two co-sponsors will introduce a bill on Wednesday requiring millionaires to pay a 30 percent tax rate on their income.

The husband is also reportedly a member of an illegal militant gang that enjoys some political support in the area.

Super Bowl 2012 tickets have dropped 20 percent since last Monday but are still selling for more than $2,000, according to ticket seller StubHub.

Shares of Apple, the most valuable technology company, set another record Monday as shares closed at $453.01, up $5.73, still another record.

Many ads, commercials and teasers for the 2012 Super Bowl have already been released from companies through the U.S. from Go Daddy to Honda. Take a look at the top eight ads and commercials that have been released for the 2012 Super Bowl. The commercials feature companies like H&M, Honda, GM, Go Daddy, Doritos, Audi and more.

Almost every year, colleges accidentally send acceptance letters to students who never really got in. Apologies are usually immediate, but the emotional damage is already done.