IBT Staff Reporter

The downgrading of freshly bailed-out Portugal's credit rating to junk shocked financial markets on Wednesday and cast new doubt on European efforts to rescue distressed euro zone states without debt restructuring.

A recent report from ComScore cited some interesting figures detailing how Apple's iPhone and Android devices are beating the BlackBerry.

Arsenal miss out on Ricardo Alvarez as Inter Milan race first to secure his services.

AirAsia Bhd will buy an extra 100 Airbus A320neo jets, taking its record-breaking order to 300 planes, a source said, a deal that would make the Malaysia-based low-cost airline one of the world's largest carriers.

NEW YORK Stock index futures pointed to a weak start for Wall Street on Wednesday, with futures for the S&P 500, Dow Jones futures and Nasdaq futures down 0.2 to 0.4 percent by 5:06 a.m. EDT.

Want a Ferrari, a notebook PC or tickets to a Mediterranean cruise? Buy a South Korean smartphone.

President and Chief Operating Officer of Nintendo of America Reggie Fils-Aime has released more information about Nintendo's forthcoming Wii U console, including its release date and the company's long-term plans for it.

A recent report from the StatCounter Global Stats shows the web traffic in the United States is largely driven by StumleUpon in the last month.

One time undisputed Golf champion Tiger Woods has confirmed his absence from the Open Championship at Sandwich citing his injured left leg as the reason.

Attacks that crippled South Korean government websites in July 2009 and again in March 2011 might have been cyber war drills conducted on behalf of North Korea, according to security software maker McAfee Inc.

Lenovo's launch of a home videogame console in China this year may throw into question the country's decade-old ban on the gadgets and could eventually open the $5.8 billion Chinese game market to Sony Corp and Microsoft.

AirAsia Bhd will buy an extra 100 Airbus A320neo jets, taking its record-breaking order to 300 planes, a source said, a deal which would make the Malaysia-based budget airline one of the world's largest carriers.

Singapore's Temasek sold stakes in two of China's biggest banks on Wednesday to raise $3.6 billion, in a move likely aimed at reducing the sovereign investor's big exposure to the financial sector and building up a warchest.

Chinese banking shares fell for a second day on Wednesday after a sovereign fund unloaded a stake in two banks, flashing a cautious signal about risk even after the euro clawed back losses endured on Moody's downgrade of Portugal to junk status.

The head of Standard & Poor's in Germany rejected criticism that the ratings agency was being too tough in judging efforts to involve the private sector in Greece's bailout without triggering a sovereign debt default.

A space shuttle liftoff is an awe-inspiring sight -- but the journey doesn't begin on the launch pad. It has to get there first. Rollout means moving a fully assembled space shuttle, and its mobile launcher platform

Google is re-branding Picasa and Blogger as ‘Google Photos’ and ‘Google Blogs’ respectively to further unify its new social networking site Google+ into its gamut of products.

The five orbiters - Columbia, Challenger, Discovery, Atlantis and Endeavour - have flown more than 130 times, carrying over 350 people into space and traveling more than half a billion miles, more than enough to reach Jupiter.

A delegation from Russia's Gazprom OAO visiting North Korea has held talks with officials from the Ministry of Oil Industry there, North Korea's central news agency reported late on Tuesday.

A former senior director at Flextronics International pleaded guilty on Tuesday, telling a U.S. judge he was paid $200 an hour by an expert network firm to spill inside information to hedge funds.

Chinese banking shares fell for a second day on Wednesday, while the euro clawed back losses but was still seen at risk after Moody's slashed Portugal's credit rating to junk status, reigniting fears that it may need a second rescue package.

Moody's became the first ratings agency to cut Portugal's credit standing to junk, warning the country may need a second round of rescue funds before it can return to capital markets.

AirAsia Bhd will extend a deal with Airbus for its new A320neo jets to 300 planes, a source with knowledge of the deal said, making the Malaysia-based budget airline one of the largest in the world.

Insight Communications Co, controlled by The Carlyle Group, received final bids in its auction last week and a buyer will likely be picked within a month from bidders including WideOpenWest LLC and Mediacom Communications, the Wall Street Journal reported.

'Harry Potter' star Daniel Radcliffe, 22 years old, has grown up from a child star to an adult star now and has admited that he used to have a serious drinking problem.

Asian stocks were off to a weak start while the euro remained fragile on Wednesday morning after Moody's slashed Portugal's credit rating to junk status and as investors take a breather after the past week's rally in risky assets.

Media and technology moguls gather in Idaho this week to once more debate a shift to a digital world, but the talk this year will finally focus on how to make money off it.

Netflix Inc is expanding its online video service to 43 countries in Latin America and the Caribbean, sending its shares to an all-time high.

U.S. regulators, reeling from a series of scandals over U.S.-listed Chinese companies, will head to Beijing to discuss launching audit inspections while regulators in Canada announced a probe of foreign issuers.