IBT Staff Reporter

Japan has picked Lockheed Martin's F-35 as its next mainstay fighter, Defense Minister Yasuo Ichikawa said on Tuesday.

The Federal Reserve is unlikely to need to ease monetary policy further given the country's steady if moderate pace of economic growth, Richmond Fed President Jeffrey Lacker said on Monday.

Apple Inc scored a narrow victory against Taiwan's HTC Corp in their smartphone patent battle after the International Trade Commission ruled HTC infringed on only one of four patents at the center of the case brought by Apple.

Apple Inc scored a narrow victory against Taiwan's HTC Corp in their smartphone patent battle after the International Trade Commission ruled HTC infringed on only one of four patents at the center of the case brought by Apple.

NDS Group Holdings Ltd, which provides software services to pay television, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock.

Business software maker Red Hat Inc forecast fourth-quarter revenue largely below analysts' expectations hurt mainly by a weaker euro, sending its shares down 7 percent in after-market trade.

Business software maker Red Hat Inc's quarterly results edged past market expectations as demand from corporate customers drove subscription revenue growth.

Transgender celebrity activist Chaz Bono and his fiancee Jennifer Elia have broken off their engagement and separated after six years of dating, the former Dancing with the Stars contestant said on Monday.

Bank of America Corp shares closed below $5 on Monday for the first time since March 2009 amid continued concern about its need to build capital.

The Federal Reserve is expected to release this week a highly anticipated proposal for how it will oversee the largest U.S. banks, a person familiar with the plan said on Monday.

Military prosecutors sought to link U.S. Army intelligence analyst Bradley Manning directly to WikiLeaks founder Julian Assange on Monday at a hearing to determine whether Manning will be court-martialled in the biggest leak of classified documents in American history.

Apple Inc scored a narrow victory against Taiwan's HTC Corp in their smartphone patents battle, after the International Trade Commission found HTC infringed on one of Apple's patents.

The upstart wireless company that is being bankrolled by Philip Falcone's $5 billion Harbinger Capital Partners hedge fund could run out of money during the second quarter of 2012, according to the company's financial statement.

Taiwanese handset maker HTC Corp narrowly lost a patent battle with Apple Inc on Monday, as the International Trade Commission found that HTC had infringed on one of Apple's patents.

AT&T has dropped its controversial $39 billion bid for Deutsche Telekom's wireless U.S. unit, bowing to regulatory opposition over the deal that would have made it the largest cellphone operator in the country.

Banks dragged the stock market lower on Monday, with losses accelerating late after Bank of America's stock price fell below

Why has Bill Clinton finally agreed to be interviewed by Bill O'Reilly on The O'Reilly Factor? Perhaps it's a last-minute push for his recent book, Back to Work, as a Christmas gift?

Prince Alwaleed bin Talal, the Saudi billionaire and an investor in some of the world's top companies, has bought a stake in microblogging site Twitter for $300 million, gaining another foothold in the global media industry.

Right up front, the majority of viewers seems to be happy Homeland -- the Showtime drama that earned Golden Globe nominations for Best Drama Series and Best Actor and Actress -- will return for a second season.

Dalton Trumbo, one of the best-known figures from Hollywood's blacklist era, has received a posthumous vindication, the Writers Guide of America, West announced Monday.

The competition in the Oscars' Best Original Song category could come down to Elton John vs. Mary J. Blige, or Jonsi vs. Chris Cornell, or Zooey Deschanel vs. Glenn Close.

Attorneys for Army intelligence analyst Bradley Manning on Monday challenged evidence linking him to the biggest classified document leak in U.S. history, arguing others had access to the same files and that it cannot be proven Manning sent anything to WikiLeaks from his computer.

With six days until Christmas, the U.S. holiday shopping season is better than expected, with discounts deep enough to bring in shoppers who are searching for bargains but not showing the desperation seen in the recession.

The Dallas-based company announced Monday that after a thorough review of its options it was backing out of the $39 billion deal, thus avoiding a costly and potentially lengthy legal battle.

The aroma of baking bread wafts through the supermarket, even when the ovens are empty. The breezy scent of coconut oil floats through the bathing suit aisle of the department store when summer is months away.

The precipitous decline in the price of Research In Motion stock has left the market capitalization of the BlackBerry maker below the value of its cash, receivables and other current assets.

Apple Inc supplier Pegatron Corp's plant in Shanghai was rocked by an explosion over the weekend, the latest in a series of incidents that spotlights safety concerns at factories in China.

Harley-Davidson Inc is offering voluntary layoffs to hourly workers at three plants in the Milwaukee, Wisconsin area to reduce staff by about 26 percent, giving itself flexibility to hire seasonal workers.

Just one month after he shot to the top of the Republican polls, Newt Gingrich is already beginning to fade. He still leads by 4.5 percentage points nationally, but that's down from a double-digit lead last week, and he lost his lead in Iowa on Monday, slipping to third place behind Ron Paul and Mitt Romney.