IBT Staff Reporter

Existing home sales rose more than expected in August to the fastest annual pace since March as falling prices and low interest rates drew more buyers into the market, the National Association of Realtors said.

Greece was set to outline more austerity measures on Wednesday to secure a bailout installment crucial to avoid running out of money next month, as the IMF warned that Europe's sovereign debt crisis risks tearing a giant hole in banks' capital.

While the high U.S. unemployment rate is an ongoing challenge for many people, Illinois-based Aspiritech, a nonprofit, seeks a particular group of adults to test a new software -- those with Autism.

Apple's tight control over media content on its iPad is about to fall foul of some of France's most powerful newspapers and magazines, which hope that by teaming up they can stop the technology giant from dictating the terms of their distribution.

Opel's labor chief called for U.S. carmaker General Motors Co to offer shares in Opel to its joint venture partner Shanghai Automotive Industry Corporation in a renewed push for more independence.

With a tentative agreement with General Motors Co in hand, the United Auto Workers union shifts its focus to Chrysler Group LLC where a one-week contract extension will expire late Wednesday.

The outlook for the British economy is weakening so quickly that the Bank of England on Wednesday signaled it was ready to pump in more money, potentially as soon as October.

Opel's labor chief called for General Motors Co to offer shares in Opel to its joint venture partner Shanghai Automotive Industry Corporation in a renewed push for more independence.

Wall Street was set to open little changed on Wednesday as investors cautiously awaited the outcome from the Federal Reserve's policy-setting meeting that is likely to include new measures to boost the economy.

After coming out with many positives despite a 3-1 defeat at Manchester United, Chelsea will face neighbors Fulham in the Carling Cup third round on Wednesday.

Nikon unveiled its first mirrorless cameras on Wednesday, beating its arch rival Canon to the nascent market for small, interchangeable-lens cameras, where other manufacturers have met with mixed success.

The tax code may be headed for some major renovation, and Senator Ron Wyden, a rangy Oregon Democrat, has come up with one of Congress' most complete blueprints.

Full Tilk Poker, an online poker company that illegally paid its board members over $440 million from its player accounts, was a global Ponzi scheme, said federal prosecutors Tuesday.

Apple Inc has been granted 40 patents in China, which will help the maker of iPhones and iPads gain more intellectual property protection in the country, the China Daily reported on Wednesday.

Adobe System announced Flash Player 11 and Adobe Air 3 software, Wednesday, its biggest release in 2 years which will enable 3 D gaming on mobile devices.

Stock index futures fell on Wednesday as investors waited to see if the Federal Reserve launches a fresh effort to boost the sluggish economy.

It used to be the third rail of politics: untouchable. A politician could hardly suggest reforming Social Security without triggering a tremendous popular backlash. But now, the idea of eliminating Social Security altogether has entered mainstream discourse.

Stock index futures were little changed on Wednesday as investors waited to see if the Federal Reserve launches a fresh effort to boost the sluggish economy.

Finnish technology startup Kiosked aims to change the way money moves on the Internet, adding links to advertisements to web content like pictures and replacing advertising banners.

The Greek cabinet was expected to outline major public sector layoffs, more spending cuts and tax increases on Wednesday to secure a bailout installment crucial to avoid running out of money next month.

Standard & Poor's cut Italy's credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone, and the International Monetary Fund said Europe's leaders were failing to act decisively enough to resolve the crisis.

Cellphones may bring relief to famine victims in parts of Somalia controlled by al Shabaab insurgents as donors seek new ways to circumvent the hard-line militants, a senior U.S. official said on Tuesday.

George Clooney may have sworn never to marry again, but the handsome actor did tie the knot at least on screen. Hollywood's most eligible bachelor appears as a newlywed man in a commercial for Norwegian bank DNB NOR.

On Wednesday, Twitter was abuzz with worried fans expressing their grief after false rumors sparked saying ace footballer and celebrity David Beckham died in a car crash.

Pent-up car demand in the United States and slowing, but still growing sales in China, should soften concerns about the ability of General Motors Co to weather a recession, the company's chief executive said.

Ever since Apple failed to launch iPhone 5 in June (deviating from its traditional summer release), the Internet has turned cacophonous with the expected release date and specifications of the superphone.

UBS chief executive Oswald Gruebel said he has the support of his board despite the rogue trading scandal that cost the Swiss bank $2.3 billion and prompted calls for tougher regulation of risky investment bank practices.

Namibia's Mineworkers Union of Namibia (MUN) on Wednesday served Rio Tinto's Rossing uranium mine with a strike notice after failing to reach a deal in talks over output incentives, with a stoppage expected to start on Friday.

Libya will likely name a new government within 10 days, interim Prime Minister Mahmoud Jibril said, raising hopes of political progress in the fractured country weeks after the overthrow of Muammar Gaddafi.