IBT Staff Reporter

Outsourcing leader Tata Consultancy Services (TCS) sees opportunity as corporate customers embrace new technology, although a poor economy means that overall spending in the United States and Europe will stay weak.

The United Auto Workers has turned its focus in contract negotiations to Ford Motor Co , an abrupt shift in negotiating strategy after talks stalled with Chrysler.

Singing superstar Lada Gaga has utilized her following on Twitter to advocate for laws banning bullying after the suicide of Jamey Rodemeyer.

The Federal Reserve on Wednesday warned of significant risks to the already weak U.S. economy and launched a new plan to lower long-term borrowing costs and bolster the battered housing market.

Asian stocks tumbled on Thursday, following a slide on Wall Street, as investors took fright at a warning by the Federal Reserve that the United States faced a grim economic outlook with significant downside risks.

SABMiller's $10 billion bid for Australian brewer Foster's Group looks set for success as key shareholders backed the sweetened deal on Thursday with only an outside chance of a rival offer now posing a threat.

United Technologies Corp has reached a $16.5 billion cash deal to acquire aircraft components maker Goodrich Corp , in what would be the diversified U.S. manufacturer's biggest deal in a decade.

A meeting of emerging economies on Thursday will consider a Brazilian proposal to buy European bonds to help crisis-hit euro zone countries, South Africa's Finance Minister Pravin Gordhan said on Wednesday.

Some canned foods marketed for children are found to contain estrogen-like chemical, Bisphenol A(BPA), according to a new report. A study by non-profit group, Breast Cancer Fund, found that 12 canned soups and pastas popular among children contained BPA, sparking off concern over the health effects of the chemical.

UBS CEO Oswald Gruebel will stress to the board of directors that he wants the investment bank to remain part of Swiss bank's integrated banking model in meetings on Thursday and Friday, sources said, after rogue trading cost the bank $2.3 billion.

U.S. regulators on Wednesday charged a former Goldman Sachs employee and his father with insider trading on confidential information about Goldman's exchange-traded fund strategy.

Two people who lost their insider trading trials earlier this year were sentenced on Wednesday to 10 and four years in prison, as the government continues its crack down on illegal trades.

UBS CEO Oswald Gruebel will stress to the board of directors that he wants the investment bank to remain part of Swiss bank's "integrated banking model" in meetings on Thursday and Friday, sources said, after rogue trading cost the bank $2.3 billion.

Facebook games maker Zynga said its profit and revenue fell in the June quarter, as the company did not release any new Facebook games in the period, according to a regulatory filing on Wednesday.

The state of Georgia executed Troy Davis Wednesday night after the U.S. Supreme Court rejected a last-minute appeal for a stay.

Young adults are gaining health insurance faster than ever, mostly due to the Patient Protection and Affordable Care Act.

The United Auto Workers has turned its focus in contract negotiations to Ford Motor Co after progress in talks with smaller rival Chrysler appeared to stall, two people with knowledge of the discussions said on Wednesday.

A Mexican man and woman jailed for sending online messages that mistakenly warned an elementary school was under attack were freed on Wednesday, an attorney for the pair said.

Netflix Inc and Discovery Communications reached an agreement to bring episodes of popular TV adventure shows including Man vs. Wild and River Monsters to the streaming service, the companies confirmed on Wednesday.

Moody's Corp cut the debt ratings of Bank of America Corp , Wells Fargo & Co and Citigroup Inc on Wednesday, saying the U.S. government is getting less comfortable with bailing out large troubled lenders.

Europe's debt crisis is the biggest threat to the global economy, the Treasury said on Wednesday, and it called on European policymakers to provide unequivocal support to banks and governments under stress.

After 31 years of churning out hits like Losing My Religion and The One I Love R.E.M. has finally bowed out. In a statement posted on their official web site on Wednesday, the rock band said that they had decided to call it a day.

Facebook is looking to hire a big-name executive to cultivate relationships and strike deals with the film and music industries to bolster its media offerings.

A new state law banning driving while texting has helped more than double the number of related traffic tickets, New York Governor Andrew Cuomo said on Wednesday.

Google Inc has not cooked its search results to favor its own products and listings, Executive Chairman Eric Schmidt told a U.S. Senate hearing looking into whether the search giant abuses its power.

Zvi Goffer, a former securities trader known as Octopussy because of his many sources of information, was sentenced to 10 years in prison on Wednesday for insider trading.

SABMiller's $10.1 billion bid for Australian brewer Foster's Group looked well placed to succeed on Thursday after some key shareholders come out in favor of the sweetened deal.

Zvi Goffer, a former securities trader known as Octopussy because of his many sources of information, was sentenced to 10 years in prison on Wednesday for insider trading.

With many analysts predicting that Sprint will be the next wireless to the iPhone 5, Sprint CEO Dan Hesse said Wednesday in a conference that full-year targets in 2011 did not include any potential iPhone sales.