IBT Staff Reporter

Ford Motor Co's labor chief said the U.S. automaker hopes to avoid a strike in its talks for a new labor deal with the United Auto Workers union, which officially began on Friday.

Yahoo Inc got short-changed -- that's the view of analysts picking apart the complex deal it announced on Friday with Alibaba Group and SoftBank Corp over Chinese e-payments unit Alipay.

Nokia and Samsung has been demoted with Apple becoming the top smartphone vendor in the fierce global mobile device war. According to reports, Apple has sold over 20 million iPhones along with over 9 million iPads in the second quarter.

The debt negotiations are getting down to the wire. Republican and Democratic lawmakers are scrambling to broker a deal to raise the country's $14.3 trillion debt ceiling before Tuesday, when the Treasury will no longer be able to borrow funds to meet all of its obligations. It all means the United States could face the possibility of defaulting on its debt and losing its prized triple-A credit r...

The House of Representatives has passed a bill to raise the U.S. debt ceiling and cut federal spending, although Democrats have already vowed to defeat the measure ahead of an August 2 deadline.

Yahoo Inc got short-changed -- that's the view of analysts picking apart the complex deal it announced on Friday with Alibaba Group and SoftBank Corp over Chinese e-payments unit Alipay.

The House of Representatives approved a Republican plan to cut the budget deficit on Friday that is doomed to defeat in the Senate but which could pave the way for a bipartisan compromise to avert a U.S. debt default.

Stocks are likely to face more selling pressure next week as the Tuesday deadline draws near for raising the U.S. debt ceiling and Washington remains paralyzed by political brinkmanship.

Americans took to the phone lines and the Internet on Friday after President Barack Obama urged them again to call lawmakers and weigh in on a war over raising the U.S. debt limit that has sharply divided Congress.

Hackers with the loose-knit group Anonymous said on Friday they had broken into the network of U.S. government contractor Mantech International Corp and posted some NATO-related correspondence online.

The government prepared Wall Street firms on Friday for the possibility it may have to delay or cancel a major round of bond sales if Congress doesn't raise the nation's borrowing limit by August 2.

Nerves are frayed on Wall Street as the threat of a U.S. debt default looms ever larger, and many investors are choosing to wait for calmer waters. But not all of them.

Johnson & Johnson will lower the maximum daily dosage in order to lessen acetaminophen overdoses, McNeil Consumer Healthcare said Thursday. Acetaminophen overdoses have been found to be the leading cause of liver damage.

The economy stumbled badly in the first half of 2011 and came dangerously close to contracting in the January-March period, raising the risk of a recession if a standoff over the nation's debt does not end quickly.

With the iPhone 5 set to be released later this fall, there has been some rumors that Apple may be looking to release the phone on both the Sprint and T-mobile networks.

Merck & Co Inc plans to cut another 12,000 to 13,000 jobs by late 2015 to wring out additional annual cost savings of up to $1.5 billion that can be plowed back into research and deal making.

Stocks ended the worst week in a year as time runs out on Washington to reach agreement before the government loses its ability to borrow money.

An Internet search on 'Diabetes' keyed by 25-year-old Will Nevin only grew the recent University of Alabama graduate's suspicions on his heart pains. Nevin told CNN International that he suffered from symptoms, such as a tingling in his feet, which he assumed was probably a symptom of pre-diabetes, but fear kept him from a confirmed diagnosis.

The sluggish sales of Nintendo's new gaming device 3DS pushed the company to make a surprising move to slash the price by $80, or more than 30 percent, possibly losing money for each sale of the device.

At least a dozen unheard tracks from Amy Winehouse could be released posthumously. Amy Winehouse, who was discovered dead in her Camden home on July 23, had not released new material since 2006. However, she had been recording sporadically for the last couple of years.

People don't take the scenic route for its efficiency, they take it for the view! Here's a look at America's famous byways!

A U.S. appeals court will not reconsider rulings that chip designer Rambus Inc was wrong to shred hundreds of boxes of documents relevant in two patent infringement lawsuits, according to court records.

Mortgage insurer Genworth Financial is taking steps to possibly split up the company, said its Chief Executive Michael Fraizer on a post-earnings conference call, sending its shares up 6 percent on Friday afternoon.

Analysis: There's a lot of potential for Google+ but will it be realized, or will the social network fall by a familiar wayside?

African-American civil rights activist Rosa Parks wrote in an essay that she was nearly raped in 1931 by a white neighbor who employed as a housekeeper. The essay was written many years after the incident and is one of the Parks' personal, written by her own hand, at Guernsey's Auctioneers.

Stocks ended the worst week in a year as time runs out on Washington to reach agreement before the government loses its ability to borrow money.

Stocks ended the worst week in a year as time runs out on Washington to reach agreement before the U.S. government loses its ability to borrow money.

There has been a significant increase in women's rate of stroke during their pregnancy, according to a new study published on Thursday in Journal of the American Heart Association.

A rain forest vine in Cuba attracts nectar-feeding bats with its sound, a new study said. Marcgravia evenia has leaves that bounce back echoes which are easy for bats to notice through echolocation.