IBT Staff Reporter

Affordability will be a deciding factor in the U.S. Air Force's drive to develop a new long-range bomber, the top general in the service said on Thursday, underscoring that he was not looking for an extravagant design.

Chinese e-commerce company Alibaba Group plans to take its Hong Kong-listed unit, Alibaba.com , private, two sources familiar with the matter told Reuters.

Greece's debt crisis on Thursday dominated the first day of Italian Prime Minister Mario Monti's visit to the United States, as he urged the International Monetary Fund to be more lenient with Athens in bailout talks to prevent a big potential explosion.

President Barack Obama assured Italian Prime Minister Mario Monti on Thursday that the United States will do whatever it can to help stabilize the situation in the euro zone, which he said demanded a more muscular approach to fighting its debt crisis.

Greece's debt crisis on Thursday dominated the first day of Italian Prime Minister Mario Monti's visit to the United States, as he urged the International Monetary Fund to be more lenient with Athens in bailout talks to prevent a big potential explosion.

Eastman Kodak Co , the inventor of the digital camera, plans to get out of that business in the first half of the year as the bankrupt company looks to cut costs.

Activision Blizzard Inc's quarterly sales beat Wall Street expectations on Thursday as the video game publisher lost fewer World of Warcraft subscribers than it did a quarter ago.

Calpers, the largest U.S. pension fund, is seeking support for a longstanding proposal to get Apple Inc to require a majority vote before electing unopposed candidates to the company's board.

Intel Corp agreed to pay just $6.5 million to resolve an antitrust lawsuit in which New York's attorney general accused the world's largest chipmaker of threatening computer makers and paying billions of dollars of kickbacks to maintain its market dominance.

The Food and Drug Administration's long-awaited guidelines for the sale of lower-cost versions of biotechnology drugs leave open the possibility that some products might not need to be tested in humans.

Internet service providers are not broadcasters, and don't need to adhere to strict rules designed to boost Canadian content on domestic television and radio, the Supreme Court of Canada ruled on Thursday.

Internet service providers are not broadcasters, and don't need to adhere to strict rules designed to boost Canadian content on domestic television and radio, the Supreme Court of Canada ruled on Thursday.

Greek political leaders clinched a long-delayed deal on austerity measures required to secure a second bailout in two years but the country's skeptical lenders demanded more cuts and a parliamentary seal of approval before providing any aid.

PepsiCo Inc Chief Executive Indra Nooyi laid out a plan to turn around the company's North American soft drink business that includes ramping up advertising, cutting thousands of jobs and a bigger-than-expected decline in near-term earnings.

In the two days since a California court declared Proposition 8 unconstitutional, the Republican response has been swift and utterly predictable. But the most ridiculous response came from Rick Santorum, who claimed that opponents of same-sex marriage were the real victims of intolerance.

When commodities brokerage MF Global imploded, the FBI and federal prosecutors were quick to launch an investigation to pursue what seemed obvious to outspoken regulators and lawmakers: laws were broken and crimes were committed.

When commodities brokerage MF Global imploded, the FBI and federal prosecutors were quick to launch an investigation to pursue what seemed obvious to outspoken regulators and lawmakers: laws were broken and crimes were committed.

President Barack Obama said on Thursday he was granting 10 states exemptions from parts of the No Child Left Behind education law, a move that could prove popular in an election year with parents and teachers who have criticized the law - but raises concern among some advocates for low-income and minority students.

Apple Inc co-founder Steve Jobs, hailed as one of the greatest technology visionaries of his generation, dabbled in illicit drugs in his youth and alienated colleagues yet commanded universal respect, according to interviews conducted by the FBI in the 1990s.

Professional networking service LinkedIn's outlook for the current quarter and the full year surpassed expectations as the company banks on continued strong product and subscription growth after its fourth-quarter revenue beat estimates.

Intel Corp agreed to pay just $6.5 million to resolve an antitrust lawsuit by New York's attorney general that accused the world's largest chipmaker of threatening computer makers and paying billions of dollars of kickbacks to maintain its market dominance.

The Federal Reserve announced on Thursday it has reached an agreement with five U.S. banks on penalties totaling $766.5 million over problems in their mortgage servicing businesses as part of a larger $25 billion foreclosure deal struck between the banks and state and federal agencies.

The Federal Reserve announced on Thursday it has reached an agreement with five U.S. banks on penalties totaling $766.5 million over problems in their mortgage servicing businesses as part of a larger $25 billion foreclosure deal struck between the banks and state and federal agencies.

With growing worries about the threat of cyber warfare, militaries around the world are racing to recruit the computer specialists they believe may be central to the conflicts of the 21st century.

The Justice Department will approve Google's $12.5 billion bid to acquire Motorola Mobility Holdings Inc, according to sources close to the antitrust review.

Stocks rose modestly for a third straight day on Thursday after Greece reached a deal to secure a financial bailout, but investors were cautious after weeks of gains.

A privacy debate surrounding fledgling social network Path went viral this week, triggering discussions on blogs and on Twitter about how far social networks can go in using members' private data.

Stocks rose modestly for a third straight day on Thursday after Greece reached a deal to secure a financial bailout, but investors were cautious after weeks of gains.

Stocks rose modestly for a third straight day on Thursday after Greece reached a deal to secure a financial bailout, but investors were cautious after weeks of gains.