IBT Staff Reporter

Apple Inc is set to unveil the fifth iteration of the iPhone on Tuesday after a 15-month hiatus, hoping to fend off hard-charging Android rivals and safeguard its lead in the smartphone market.

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.

A stagnant economy and technological innovation have curbed business travel on the whole; but when face-to-face meetings are necessary, companies can dramatically reduce travel costs by carefully selecting the destination.

Straight from the live blogs of Apple's Cupertino Let's talk iPhone event, Apple has some exciting announcements. The technology giant has taken the wraps off iPhone 4S, which will come pre-installed with the new mobile operating system iOS 5.

Despite a late harvest in the Sonoma region of California and heavy rains that tore through vineyards, California wine makers expect this year's grapes to yield superior wines.

Steve-O has made a career of stapling his scrotum to his thigh and feeding raw chicken to alligators from his jockstrap.

Gary Knell is about to find out it's a lot easier to stick up for Bert and Ernie than All Things Considered.

Michael Jackson's fingerprints were not on the bottles of propofol found in his bedroom, ABC News is reporting. That could destroy the defense's argument that Jackson gave himself a lethal dose.

Controversial new drama The Playboy Club was axed Tuesday by NBC after just three episodes, marking one of the first cancellations of the new fall TV season.

Ford Motor Co and the United Auto Workers union said on Tuesday they had reached a tentative four-year contract that would allow the automaker to invest almost $5 billion in U.S. plants and create an additional 5,750 jobs.

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.

Despite the controversy surrounding his participation on the show, Chaz Bono has his fair share of supporters as a contestant on Dancing With the Stars.

The head of Deutsche Boerse AG , which is working on sealing its $9 billion takeover of NYSE Euronext , said exchange operators must go global to survive and cannot focus only on local markets.

Delmon Young hit the winning home run and the Detroit Tigers survived a ninth-inning scare to hold off the New York Yankees 5-4 at Comerica Park on Monday and take control of their best-of-five divisional playoff series.

The world's largest online gambling operators asked the European Union on Tuesday to investigate a new Greek gaming law, saying it violates the bloc's free market rules to the benefit of the country's sports betting monopoly OPAP.

New orders for manufactured goods fell in August but capital investment by businesses rose, providing a mixed view for how much support the factory sector will provide to the economic recovery.

The S&P 500 entered bear market territory after the open on Tuesday, down over 20 percent from its 2011 high, as European officials considered making banks take bigger losses on Greek debt and fears of contagion in the world's financial system grew.

Starbucks Corp (SBUX.O) will share profits from two of its U.S. coffee shops with non-profit groups in New York City and Los Angeles to help offset expected government funding cuts to programs for children and education.

Sprint Nextel shares fell as much as 17 percent on Tuesday as investors worried about the cost of selling the Apple Inc iPhone on top of its plans to upgrade its network and its debt obligations.

Angry protesters blockaded Greek ministries on Tuesday despite appeals from the finance minister for the public to rally around the tough measures the Athens government needs to achieve fiscal targets and avert default on its colossal debt.

Almost 200 acts survived their first encounters with Simon Cowell on The X Factor, but this week's boot camp episodes of the TV singing contest will sort out the weak from the strong.

Some of Berkshire Hathaway Inc's largest units will post record profits this year, but the conglomerate's housing-related businesses are doing as poorly as they ever have, Chief Executive Warren Buffett said on Tuesday.

The Nasdaq jumped 1 percent on Tuesday, reversing an earlier steep drop as tech shares rose and the overall stock market trimmed losses on comments from Federal Reserve Chairman Ben Bernanke that he was ready to take more steps to help the fragile recovery.

World number two Rafael Nadal secured an easy victory against Go Soeda to progress into the second round of the Japan Open on Tuesday.

Rumors around the iPhone 5 have been overheated as Apple's Let's talk iPhone event kicked off at 1 p.m. (EDT) on Tuesday. All eyes are on whether Tim Cook will unveil the next-generation iPhone 5 and when its much-speculated release date is.

Shares of Research In Motion jumped nearly 10 percent Tuesday morning on talk that it had hired an investment bank, reviving speculation that the BlackBerry maker could become a takeover target.

The Federal Reserve is prepared to take further steps to help an economy that is close to faltering, Fed chairman Ben Bernanke said on Tuesday in his bleakest assessment yet of the fragile U.S. recovery.

Apple's Let's talk iPhone event will kick off today within a few minutes in Cupertino, California and tech sites are still buzzing with iPhone 5's (supposed) features.

Will fact be stranger than fiction? Apple has never released a new generation iPhone after summer. Apple released the first iPhone in June, iPhone 3G in July, iPhone 3GS in June and iPhone 4 in June.