IBT Staff Reporter

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Is Facebook required reading?

British youngsters are ditching Dickens, Shakespeare and Keats for Facebook and Twitter, with one in six failing to read a single book in a month, according to a survey.

Hurricane Irene 2011: Storm May Become Category 4

Hurricane Irene may become a Category 4 storm by the time it reaches Florida on Friday. Although the worst of the hurricane is expected to hit off the Florida coast, parts of Broward and Palm Beach Counties are still in Irene's projected path.

BYD plummets, puts spotlight on strategy and Buffett

BYD Co's profit warning and failure to deliver its promised electric car plan sent shares plunging to a more than two-year low, as the Chinese auto and battery maker backed by Warren Buffett struggles with steady sales declines and waning popularity of its top model.

German minister: euro zone bailouts need collateral

A cabinet minister and deputy leader of Chancellor Angela Merkel's Christian Democrats on Tuesday backed calls to demand collateral for euro zone bailouts, but her comments did not appear to be the German government's official view.

Kim Kardashian and Kris Humphries Ditch LA Glam For NYC Penthouse [PHOTOS]

Kim and Kris are not having another wedding, but we are sure this simpler celebration will be exceptionally planned. Jason Binn and Colin Cowie are famed event planners and certainly know how to make a night memorable. It is reported that the color scheme of the event is olive, black, and white. Guests for the party include Kris Humphries' teammates from the New Jersey Nets.

China factory output cools in August: HSBC

China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI showed on Tuesday.

BYD plummets, putting spotlight on strategy, Buffett

BYD Co's profit warning and failure to deliver its promised electric car plan sent shares plunging to a more than two-year low, as the Chinese auto and battery maker backed by Warren Buffett struggles with steady sales declines and waning popularity of its top model.

Cadillac Concept Becomes Electric Reality

The Cadillac Converj Concept, a luxury coupe with extended-range electric vehicle technology, is moving forward as a production car that will be called the Cadillac ELR.

Nintendo jumps on talk of 3DS add-on, revamp

Shares of Nintendo Co Ltd surged more than 8 percent on Tuesday amid expectations the Japanese video game maker is taking steps to shore up lackluster sales of its 3DS handheld games player.

Missed HP TouchPad Fire Sale? You Still Have Options

With the HP TouchPad getting sold out at $99 like hot cakes customers seem to have deepened their interest in tablet devices. The stores in US have already become empty of the HP tablets. But there is nothing to worry as more stock will be entering these stores by this week.

Stock futures surge with global indexes

Stock index futures rose sharply on Tuesday, tracking global equities that gained after gauges of Chinese and euro zone economic activity came in less gloomy than feared.

Convatec bid for Kinetic tops $6 billion: report

A rival bid for Kinetic Concepts Inc , a U.S. maker of medical devices used in wound care, by medical technology firm Convatec is worth more than 40 billion crowns ($6.3 billion), Swedish daily Dagens Industri reported on Tuesday, citing sources.

Nintendo mulls 3DS game add-on, revamp: report

Japanese video game maker Nintendo Co Ltd is developing an external joystick device for its 3DS handheld gaming device that would sell for about $10, French technology website 01net reported.

Crisis-weary rich held nerve in market sell-off

Memories of the panic that engulfed the world after the collapse of Lehman Brothers in 2008 have hardened rich investors who have held their nerve and resisted the impulse to dash for cash during August's market falls, private bankers said.

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