IBT Staff Reporter

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Businesses in U.S. complain of .xxx shakedown

In preparation for a new triple-x Internet domain that will launch in December, lawyers for the most storied brands in the United States are scrambling to prevent an x-rated rip-off of an invaluable asset: corporate Web addresses.

Death of Elvis Presley: 34 Years Later, We Still Love You (Photos)

Elvis Presley, ?the King of Rock n' Roll? was 42 when he was found dead in his bathroom at the Memphis, Tennessee mansion on August 16, 1977. As Tuesday marks the 34th anniversary of the superstar's death, thousands of Elvis fans flock to Memphis to remember his legacy, as they have always been commemorating him for last thirty-four years. Check out the photos of ?The King? and how his fans still miss him:

Addiction is as Much of a Brain Disorder as OCD: ASAM

The American Society of Addiction Medicine said that addiction is a chronic brain disorder like any other chronic brain disease like obsessive-compulsive disorder and body dysmorphic disorder. Neurological abnormalities like disruptions in neurotransmission and the reward system drive addiction, the group said in a statement.

Google deal shows cash-rich cos may not need to tap loan market

by Michelle SierraNEW YORK, Aug 16 - Google Inc's $12.5 billion acquisition of Motorola Mobility Holdings Inc suggests that cash-rich companies may not need to access the syndicated loan markets to pay for multi-billion purchases, sources told Thomson Reuters LPC Tuesday.

Sarkozy, Merkel plan fails to inspire Wall Street

U.S. stocks fell on Tuesday after three days of gains when a meeting between the heads of France and Germany failed to quell fears about euro zone leaders' ability to contain the region's sovereign debt woes.

Dell outlook disappoints, shares down

Dell Inc posted quarterly revenue slightly below expectations and said sales for the present quarter would be flat, sending its shares down 4.9 percent in after-hours trading.

Zachery Tims? Sudden Death: Another Drug Overdose? [PHOTOS]

Zachery Tims, senior pastor of New Destiny Christian Center (NDCC) in Apopka, Fla., was found dead in a room at the W Hotel in Times Square Friday, Aug. 12, 2011, according to the New York Police Department. The head of NDCC allegedly had a small glassine envelope containing white powder in his pant pocket when he was found lying face up on the floor of his room.

Qantas overhauls with $9 billion fleet order

Australia's Qantas Airways is setting up two new airlines in Asia and ordering $9 billion of new Airbus aircraft as part of a do-or-die makeover to salvage its loss-making international business.

Reporter's letter ties Murdoch execs to hacking

Many senior executives at Rupert Murdoch's News of the World knew about phone hacking at the British tabloid, according to a 2007 letter written by a reporter which contradicts James Murdoch's denials and drags Britain's prime minister back into the scandal.

Sony slashes PlayStation price to revive sales

Sony Corp is slashing the price of its basic PlayStation 3 gaming console by nearly a fifth in the United States, hoping to jump-start sales of a device losing ground to Microsoft Corp's Xbox.

Google shows cash-rich firms may not need loan markets

by Michelle SierraNEW YORK, Aug 16 - Google Inc's $12.5 billion acquisition of Motorola Mobility Holdings Inc suggests that cash-rich companies may not need to access the syndicated loan markets to pay for multi-billion purchases, sources told Thomson Reuters LPC Tuesday.

Oxygen May Have Existed Undersea 300 Million Years Before Its Atmosphere Debut: MIT Scientists

Oxygen may have been present on Earth 300 million years before it was breathed into the atmosphere, scientists concluded from a new research.Researchers from Massachusetts Institute of Technology discovered evidence that small aerobic organisms could have evolved to survive on extremely low levels of the gas in undersea "oxygen oases," keeping a low profile in the oceans before its debut in the atmosphere.

Merkel, Sarkozy news conference

The leaders of France and Germany met for high-pressure talks on Tuesday to discuss what further measures they can take to shore up investor confidence in the euro zone following a dramatic market sell-off last week.

Top 5 Fund Managers

In the midst of the economic slowdown, half the assets managed by the world's largest fund managers are now pension fund assets.

Taylor Armstrong: Husband's Death Still Secret from Daughter

Taylor Armstrong, the estranged wife of Real Housewives of Beverly Hills' Russell Armstrong, told E! News that "She requests privacy at this time so that she may comfort her young daughter" through a rep. Russell Armstrong, 47 appears to have committed suicide by hanging.

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