IBT Staff Reporter

Let's talk iPhone is less than a few minutes away and the latest scoop is that the much-anticipated new iPhone will not be the iPhone 5 but an upgraded smartphone called iPhone 4S.

The Federal Reserve is prepared to take further steps to help a fragile economic recovery held back by a weak job market and financial stresses in Europe, Fed Chairman Ben Bernanke said on Tuesday.

Day six of Conrad Murray's involuntary manslaughter trial gets underway today in Los Angeles, with Dr. Murray's former girlfriends on the list of potential witnesses.

Michael Levine, a Hollywood publicist sued in L.A. Superior Court on Monday, said he never established a $25,000 reward for his murdered friend Ronni Chasen and thus should not be sued for failing to pay it.

Hedge funds posted their worst returns in three years in the third quarter, and the fourth quarter appears to be off to an equally rocky start.

Few organizations have moved to cloud computing -- the delivery of computing as a service from remote centers -- and of those that have, many are disappointed with the results, a survey published on Tuesday found.

Facing concerns of bankruptcy, American Airlines will continue contract negotiations with pilots.

As Let's talk iPhone event approaches, one can’t help but get the sense that Apple is getting a kick out of the unprecedented degree of anticipation surrounding the announcement of their newest iPhone.

On the day that Apple launches the fifth generation of its ubiquitous iPhone, the once mighty Nokia is still weeks away from mounting a fightback.

Anticipation of Apple's Tuesday unveiling of the iPhone 5 has reached fever pitch, with speculation on everything from form to features running rampant. Chinese state-run carrier China Unicom added to the frenzy this week at the Macworld Asia expo in Beijing by presenting a slideshow that included a segment documenting the evolution of the iPhone.

A breast cancer survivor said she was subjected to a humiliating public pat down at New York's John F. Kennedy Airport even though she offered to produce documentation on her medical implants.

EU regulators will formally object this week to the planned merger of Deutsche Boerse and NYSE Euronext , two sources with knowledge of the case said, which may force the companies to offer concessions to ease competition concerns.

Gordon Smith, credit card chief of JPMorgan Chase , often spends his weekends at his northern New Jersey home, rebuilding the engines of vintage cars.

Shoppers hunting for back-to-school deals gave a nice boost to U.S. discount chains in September, though the rocky stock market and economic malaise may have curbed some people's desire to spend more.

A secondary offering of shares in Lions Gate Entertainment Corp by affiliates of billionaire investor Carl Icahn has been put on hold due to poor market conditions, a source with direct knowledge of the process said.

Sprint stock fell 10 percent to $2.73 Monday after the Wall Street Journal reported that the wireless carrier has committed to ordering at least 30.5 million iPhones, costing $20 billion, in preparation for the new phone's launch. On Tuesday, the stock fell an additional 12 percent to $2.40 by 11 a.m.

Recent heat over the iPhone 5 is spiraling out of control as the Oct. 4 press conference draws closer. But why is iPhone 5 the most desired smartphone? Taking a closer look at two major reasons, the iOS 5 upgrade and iCloud features, may help us understand what the craze is about.

An Egyptian blogger, who was jailed for spreading false information about Egypt's military, is in declining health because of a hunger strike he began on August 23, his family and a rights group said.

The U.S. economy is still suffering from a shocking drop in homeowners' equity and reforms are needed in how mortgage loans are originated and handled, Federal Reserve Governor Sarah Bloom Raskin said on Tuesday.

Canadian auto sales fell in September, extending a volatile year with Chrysler's strong performance the lone bright spot among the top manufacturers.

Rick Perry's presidential campaign is sinking fast, and Herman Cain's is on the rise, according to a Washington Post-ABC News poll released Tuesday. Perry has fallen 13 percent and Cain has risen 12 percent.

New orders for factory goods fell for the second time in three months in August, putting into question strength in the manufacturing sector which had led the economic recovery.

Stocks tumbled on Tuesday with the S&P 500 sliding into bear market territory as European officials delayed a vital aid payment to debt-stricken Greece but the government said it was not preparing for a default.

The Federal Reserve is prepared to take further steps to help an economic recovery that is close to faltering, Fed Chairman Ben Bernanke said on Tuesday.

Washington Mutual Inc said it could end its three-year bankruptcy by November, allowing it to distribute $7 billion to creditors, if a judge limits the scope of outstanding disputes to be mediated.

International Business Machines Corp said it plans to buy privately-held security intelligence software provider Q1 Labs for an undisclosed sum as it looks to boost its security portfolio.

Before the all-important clash against England in the Quarterfinals of the Rugby World Cup, France coach Marc Lievremont expressed hope that the internal issues would motivate the squad against the English.

European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a crunch point in the euro zone's sovereign debt crisis

Some suggestions for the iPhone 5 that will make it a much better gaming device.