IBT Staff Reporter

India's centuries-old gold industry is the world's biggest market for the metal, with imports meeting almost all the country's 800-900 tonnes per year requirements for jewellery and investment.

Hewlett-Packard Co may spin off the world's largest PC business, part of a wrenching series of moves away from the consumer market, including killing its new tablet and buying British software company Autonomy Corp for as much as $11.7 billion.

Asian stocks tumbled as much as 4 percent on Friday on growing fears that the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.

AT&T just made yet another change to its plans. And once again, it's going to make them money.

Web-based software maker Salesforce.com Inc raised its full-year revenue outlook, fueling hopes that cloud computing companies can avoid getting caught up in a possible slowdown in tech spending.

The ink on Google Inc's $12.5 billion plan to buy Motorola Mobility is barely dry, but speculation has already begun about its next deal -- expected by some to be the sale of Motorola's handset business.

The U.S. Justice Department is investigating the rating agency Standard & Poor's over its actions on mortgages leading up to the financial crisis, a source familiar with the matter said on Thursday.

The United States needs to reform its corporate tax code and should consider eliminating all loopholes that allow companies to pay less than the statutory rate, General Electric Co 's chief said.

News Corp's senior management is starting to think about what the company might do if James Murdoch stepped aside, sources inside and close to the global media empire said.

Caution is the watchword for apparel executives heading into the all-important holiday season and their lack of confidence is scaring investors.

Bailed-out insurer American International Group said on Thursday it closed the sale of its Taiwanese life insurance business and used the proceeds to repay the government another $2.15 billion.

Factory activity in the U.S. Mid-Atlantic region plunged to a nearly 2-1/2 year low in August and home resales unexpectedly dropped last month, stoking concerns that risks of recession are growing.

Hewlett-Packard Co wants to buy Autonomy Corp for $10.3 billion and is pondering a spinoff of its personal computing arm, setting in motion a transformation that mirrors IBM's successful overhaul last decade.

Bailed-out insurer American International Group said on Thursday it closed the sale of its Taiwanese life insurance business and used the proceeds to repay the government another $2.15 billion.

Hewlett-Packard said on Thursday it is considering a sale or spinoff of its personal computer unit, will halt production of its webOS devices such as the TouchPad, and agreed to buy British software firm Autonomy Corp for $10.2 billion.

The U.S. Justice Department is investigating the rating agency Standard & Poor's over its actions on mortgages leading up to the financial crisis, a source familiar with the matter said on Thursday.

AT&T has confirmed Thursday that it will kill $10 texting plan, which will force customers into all-or-nothing texting options, between an unlimited plan and a pay-per-text plan.

Wednesday night, Anderson Cooper could not help a giggling mess over his own puns and jokes over French actor Gerard Depardieu's incontinence on a plane.

Hewlett-Packard said on Thursday it is considering a sale or spinoff of its personal computer unit, will halt production of its webOS devices such as the TouchPad, and is in talks to acquire British software firm Autonomy Corp.

NASA has teamed up with researchers from the University of California and various space agencies to map the Antarctica ice flow.

The Federal Reserve Bank is treating foreign banks the same as their U.S. peers, a top policymaker said on Thursday, contrary to a published report that said the U.S. central bank was keeping a closer eye on European banks struggling with the continent's debt crisis.

The Georgetown basketball team got in a brawl with a professional Chinese basketball team.

As many of the rituals associated in Japanese Sumo wrestling originate from Shinto, the indigenous Japanese form of spirituality, it is regarded as a symbol of Japanese culture. After the March 11 deadly earthquake, Japanese citizens who lost their homes and had to stay in shelters have been returning back to their hometowns and it includes the Sumo wrestlers.

Groupon Inc disclosed some details of its plan to offer location-based offers through mobile phones when the largest daily deal company responded on Thursday to Congressional questions about its privacy policies.

Wall Street sank in volatile trading on Thursday, with the S&P 500 down more than 4 percent as weak U.S. economic data pressured markets already beaten down by renewed fears about the health of European banks.

As the stock market plummeted yet again on Thursday, interest rates on 10-year Treasury notes dipped below 2 percent for the first time ever.

British Prime Minister David Cameron's flirtation with the idea of social media censorship controls after recent riots might only be the beginning.

Hewlett-Packard Co wants to buy Autonomy Corp for $10.3 billion and is pondering a spinoff of its personal computing arm, setting in motion a transformation that mirrors IBM's successful overhaul last decade.

Factory activity in the U.S. Mid-Atlantic region slumped to a nearly 2-1/2 year low in August and home resales unexpectedly dropped last month, dampening hopes for a quick revival in economic growth.