IBT Staff Reporter

Apple Inc beefed up its new iPhone with faster chips and better cameras, seeking to set its handset apart from the rising tide of Google Android smartphones.

Acme Packet Inc forecast third-quarter results much below analysts' estimates on customer AT&T delaying orders, sending its shares down 24 percent after market.

Over a 10-year period, Bank of New York Mellon defrauded thousands of clients in foreign currency exchange transactions, earning it $2 billion, according to a lawsuit filed Tuesday by New York Attorney General Eric Schneiderman.

France and Belgium rushed to the aid of Dexia SA on Tuesday, in what will be the first state rescue of a European bank in the euro zone sovereign debt crisis.

Hewlett-Packard Co's new chief executive, Meg Whitman, is aiming to make a decision on the future of the company's PC business by the end of this month.

A local ordinance that requires warnings about cell phone safety risks should be blocked from taking effect, an industry group argued in a U.S. court filing on Tuesday.

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

New Apple Inc CEO Tim Cook presided over the company's first major media launch since taking over from Steve Jobs in August, but the latest version of the iPhone he unveiled did not excite investors, sending its shares down as much as 5 percent.

Apple Inc took the wraps off a new iPhone on Tuesday, but may have left some fans wishing for more than an updated version of last year's smartphone.

Here's how the Apple Inc iPhone 4S stacks up to rival devices from Samsung Electronics Co Ltd, HTC Corp and Motorola Mobility.

Apple set to unveil new iPhone after 15 month hiatus

Billionaire investor Warren Buffett is not concerned by the sharp drop in Bank of America Corp shares in the last couple of days, despite his $5 billion investment in the company last month, he told Reuters on Tuesday.

The chances of a new U.S. recession are rising rapidly as employment and housing remain depressed and Europe's debt crisis threatens to spill over, according to a number of prominent economists.

New Apple CEO Tim Cook began his first product launch on Tuesday at Apple's headquarters in Cupertino by trumpeting all of his company’s successes, but after almost an hour of self-promotion and smaller updates, Apple unveiled its latest iPhone, the 4S.

Amanda Knox was expected to get a warm welcome on her return to Seattle on Tuesday afternoon, one day after an Italian court cleared the 24-year-old college student of murder and freed her from prison.

KFC parent Yum Brands Inc posted a quarterly profit that failed to assuage investor worries about slowing growth in China, its biggest market.

Actor Seth Rogen married his long-term girlfriend, screenwriter Lauren Miller, in a ceremony on Sunday.

The chairman of the House of Representatives intelligence committee on Tuesday accused China of widespread cyber economic espionage and said many U.S. firms were afraid to come forward for fear their computers would be the targets of even more attacks.

Relativity Media has become the first studio to partner with the digital music service Spotify for film promotion, announcing on Monday that it will run promotional media on the service to boost the November 11 launch of the action-adventure film Immortals.

Debra Messing, Kelly Osborne, Isaac Mizrahi, Miranda Kerr, Pharrell Williams, Kenneth Cole, Molly Sims, along with diva Muppet Miss Piggy, will highlight the launch of two new Project Runway spin-offs on Lifetime November 3.

With investors placing bets on whether Eastman Kodak will file for bankruptcy, there is not so much a sense of crisis as a feeling of resignation and fatigue among the residents in its hometown.

Investors rushed in to buy technology and other beaten-down sectors as the S&P 500 dipped in and out of a bear market on Tuesday, and a late rally drove the index to its largest gain in more than a week.

Moody's Investors Service cut Italy's bond ratings by three notches on Tuesday, saying it saw a material increase in funding risks for euro zone countries with high levels of debt.

New York Comic Con has something its bigger, more established brother in San Diego would have killed for last summer -- an exclusive clip from The Avengers.

From the way Washington politicians in both parties tell it, you may well think that multinational companies favor low-tax jurisdictions when investing overseas. They don't.

Hot on the heels of the box office success of The Lion King 3D, Disney and Pixar are reviving four of their classic animated films in 3D versions for movie theaters.

A decision handed down Tuesday by a court in Luxembourg could significantly change the Premier League's TV contracts to broadcast its soccer matches in Europe, but its ramifications beyond live sports could prove to be minimal.

A new poverty-stricken Muppet will highlight the issue of hunger struggles on an episode of Sesame Street, the show said in a statement on Tuesday.

Berkshire Hathaway Chairman Warren Buffett said he would release his tax return if News Corp. Chairman Rupert Murdoch did so, too.