IBT Staff Reporter

BlackBerry maker Research In Motion, once dominant in the smartphone market, has cut 2,000 jobs to survive new competitive pressures.

U.S. lawmakers were locked in a standoff on Monday over dueling debt plans that offered little prospect for compromise, increasing the threat of a ratings downgrade and default that could sow chaos in global markets.

The deadly crash of a bullet train on China's new high speed railway raises questions of safety, technology and government accountability.

Many airlines raised fares in recent days to take advantage of a lapse in ticket tax collection after Congress failed last week to fully fund the Federal Aviation Administration budget, but passengers will likely not notice any price difference.

According to a recent study, between 2002 and 2007, the annual average number of chickenpox deaths was the lowest ever reported, with 14 deaths recorded in 2007 and just 13 the year prior, due to a particular vaccine. Chickenpox led to about 105 deaths a year during the pre-vaccine years of 1990 to 1994, researchers say.

It was after visiting the Galapagos and studying the endemic wildlife that inhabit the islands that a young Charles Darwin developed his Theory of Evolution.

BlackBerry maker Research In Motion plans to cut about 11 percent of its workforce as it struggles to keep pace with Apple and Google in the mobile market it once dominated.

A judge ordered eight weeks detention on Monday for the Norwegian man who has admitted a bombing and shooting massacre that killed about 90 people and who claimed in court to have two more groups of collaborators.

Airbnb, a website that lets travelers rent rooms in private homes around the globe, has secured $112 million in a second round of financing from Andreessen Horowitz, DST Global and General Catalyst.

Banking regulators expect to release proposals for replacing the work of credit rating agencies in their regulations later this year when comprehensive proposals on tougher capital standards are unveiled, the Federal Reserve said on Monday.

Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU rescue package.

Jennifer Lopez celebrated her 42 birthday in Miami; comes close to deal with "American Idol"

The International Monetary Fund warned on Monday the United States must raise the debt ceiling quickly and get its debts under control for the sake of the global economy.

Stocks dipped on Monday in a somewhat muted reaction to the political jousting in Washington, even after lawmakers failed to meet a weekend deadline to reach a debt deal.

Chrysler Group LLC and the United Auto Workers union expect to reach a deal on a new labor contract without resorting to arbitration, officials for the company and union said on Monday.

Mila Kunis is ranked at no. 16 in FHM Sexiest Women in the World.

Grain prices will likely remain elevated at the end of this year, a Reuters poll showed, providing little relief to food prices while continuing to challenge policymakers battling to tamp down inflation.

U.S. health regulators on Monday warned people not to eat Mexican-grown papayas from Texas distributor Agromod Produce Inc., as they investigate a possible link to a salmonella outbreak in 23 states. So far, the outbreak of Salmonella Agona has resulted in 97 reported cases of illness, ten of which involved individuals being hospitalized, across the country, the U.S. Food and Drug Administration said.

Amy Winehouse was found dead on Saturday at age 27, as friends claimed that the troubled soul singer was binging on ectstasy and alcohol.

Presidential candidate Michele Bachmann hit back at a Republican rival on Sunday, saying her experience with the conservative Tea Party movement made her uniquely qualified to trim down Washington.

House of Representatives Democratic leader Nancy Pelosi said she will seek an ethics investigation Monday into sexual misconduct allegations against Representative David Wu.

Stocks fell on Monday as continued political sparring in Washington over the debt ceiling heightened worries of a U.S. rating downgrade, sending world equities lower.

Here is a slideshow which collates headlines from major newspapers on the death of some of high-profile celebrities who became casualties of drug abuse early in their life:

Justin Timberlake is on a role...many, many roles! The former boy band-er has had a successful music career with N'Sync and later rose to even higher fame with his solo hits. However, its been a little while since we heard a tune from Timberlake, because he has been serenading us as an actor in more than one film this year. He stared in "Bad Teacher" with Cameron Diaz and Jason Segal which was released early this summer. The hit comedy "Friends with Benefits" co-staring Mila Kunis...

Wedding bells can be heard for former reality TV star Kristin Cavallari and NFL quarterback Jay Cutler.

General Electric Co is moving its global X-ray headquarters to China from the United States as part of the largest U.S. conglomerate's overall drive to boost its presence in big emerging markets.

In a recent study, researchers analyzed ways to lower the male sperm count. Male contraceptives are gaining interest from a number of scientists, who believe they hold promise for being safe, effective and, in fact, reversible, if researched and attempted.

Chrysler Group LLC and the United Auto Workers union expect to reach a deal on a new labor contract without resorting to arbitration, officials for the company and union said on Monday.

The New York Department of Parks and Recreation is auctioning off 'urban-camping' spots in many city parks. Put in an application Wednesday for a chance to camp out in your favorite city oasis.