IBT Staff Reporter

Rajesh Rao is among a handful of Indian entrepreneurs who may prevent the country's software industry from getting Bangalored.

The trustee seeking money for victims of Bernard Madoff's Ponzi scheme, who lost an estimated $20 billion, may pursue claims against wives of the imprisoned swindler's sons, a U.S. federal court judge said on Wednesday.

Sprint Nextel, the No.3 U.S. mobile service, is hoping to turn heads next month with the EVO 4G LTE, an HTC Corp phone with an advanced camera, a big screen, a high-speed wireless connection and crisper voice call quality.

Apple Inc and publishers Pearson and Macmillan are reluctant to agree to terms sought by U.S. and European antitrust authorities investigating possible electronic-book price-fixing, the Wall Street Journal cited sources as saying on Wednesday.

Apple Inc and publishers Pearson and Macmillan are reluctant to agree to terms sought by U.S. and European antitrust authorities investigating possible electronic-book price-fixing, the Wall Street Journal cited sources as saying on Wednesday.

Google Inc is getting into the eyewear business with a pair of thin wraparound shades that puts the company's Web services in your face.

A U.S. judge largely sided with Apple on Wednesday over how several technical terms will be defined in its patent fight against Samsung over smartphones and tablets.

A U.S. judge largely sided with Apple on Wednesday over how several technical terms will be defined in its patent fight against Samsung over smartphones and tablets.

Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties from struggling borrowers dropped by more than a third in 2011, hitting a four-year low.

Hedge fund manager Philip Falcone said in an interview on Wednesday he is seriously considering filing a voluntary bankruptcy for LightSquared, the struggling telecom startup in which his Harbinger Capital Partners is the majority owner.

Ford Motor Co has raised its forecast for total 2012 U.S. auto sales after the industry's solid first quarter, Ford President for the Americas Mark Fields said on Wednesday.

Twitter, looking for better proximity to car companies with hefty ad budgets, said on Wednesday it will open an office in Detroit just as the city's elected leaders scramble to avoid bankruptcy or a state takeover.

Stocks fell for a second day on Wednesday as investors contemplated a world without monetary stimulus and a poorly received bond auction in Spain suggested the effects of Europe's funding operations were waning.

The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase & Co will pay $20 million to settle charges that it unlawfully handled customer segregated funds at Lehman Brothers Holdings Inc.

Hedge fund manager Philip Falcone said in an interview on Wednesday he is seriously considering filing a voluntary bankruptcy for LightSquared, the struggling telecom startup in which his Harbinger Capital Partners is the majority owner.

European Central Bank President Mario Draghi dismissed a German-led push for the bank to start planning a retreat from emergency crisis-fighting, but stressed it was keeping a close eye on price pressures.

Stocks fell for a second day on Wednesday as investors contemplated a world without monetary stimulus and a poorly received bond auction in Spain suggested the effects of Europe's funding operations were waning.

Nike Inc on Wednesday won its bid to stop Reebok International from making, selling and shipping apparel bearing the name and number of popular New York Jets quarterback Tim Tebow.

A judge in Brazil gave permission to one of the 17 Chevron and Transocean employees facing criminal charges over a November offshore oil spill to leave the country, documents released by a federal court on Wednesday showed.

American International Group shares rose nearly 7 percent to a one-year high on Wednesday on news that it could reap billions of dollars from asset sales in the near future.

Ford Motor Co President for the Americas Mark Fields announced that a solid first quarter of U.S. auto sales had caused the company to raise its 2012 forecast.

General Motors Co is hoping a redesign of the Chevrolet Impala will end the car's reputation as a rental-lot staple and catch the eye of more retail customers. The Impala, a nameplate that was introduced in 1958, generated more than half of its sales last year from fleet customers. But the company says the 2014 model, with a quieter ride and cushy interior, will now attract showroom buyers.

European new car sales will decline for the fifth year in a row in 2012 to 13 million vehicles, Fiat Chief Executive Sergio Marchionne said on Wednesday, as the group moved a step closer towards a full-blown merger with U.S. automaker Chrysler.

Businesses added more than 200,000 jobs in March, giving fresh evidence of recovery in the labor market, data showed on Wednesday.

Stocks dropped for the second straight session on Wednesday, a day after minutes from the latest Federal Reserve meeting suggested further monetary stimulus was unlikely and a disappointing Spanish debt auction rekindled euro-zone concerns.

President Barack Obama called on Wednesday for stricter controls on lawmakers to confront the corrosive influence of money in Washington as he signed into law an insider trading ban he said was needed to help restore trust in the U.S. government.

Japan plans to build the nation's largest geothermal power plant in Fukushima Prefecture, the location of the massive earthquake and tsunami which led to last year's nuclear disaster.

Former Silicon Valley CEO Ben Nelson has two years and $25 million to transform higher education.

Stocks dropped on Wednesday for the second consecutive session as minutes from the latest Federal Reserve meeting published Tuesday suggested further monetary stimulus was unlikely and a disappointing Spanish debt auction reawakened euro zone concerns.