IBT Staff Reporter

Moody's on Wednesday warned it may downgrade some Aaa-rated U.S. states and municipalities if the country loses its top-notch rating or if federal funding falls significantly as part of a plan to reduce the nation's deficit.

Newsweek Editor-in-chief Tina Brown's retaliation to the controversial 'Diana at 50' cover has raised the question if Newsweek is basking in the bad publicity.

The intial reviews for HP's new tablet, the TouchPad, are in and the device is being released in a crowded field led by Apple's iPad 2.

Dell Inc expects acquisitions to remain a critical focus for the computer maker, which is expanding into areas such as storage and services.

Hedge fund Paulson & Co. has more time to increase the payout on a group of U.S. luxury resort hotels it owns after bankruptcy court gave it an extension on Wednesday.

Smokers are twice as likely to quit when they get text messages urging them to stick to their goal of being smoke free compared with those who receive texts with no motivational messages, a British study has found.

AMR Corp's American Airlines is negotiating with aircraft makers Airbus and Boeing Co to replace its entire domestic fleet by purchasing at least 250 airplanes in a deal valued at about $15 billion, the Wall Street Journal reported.

Google has some advantages with Google+ over Facebook such as privacy, exclusivity and integration.

Three Chinese banks are now in the world's top 10, underlining the dramatic growth of the country's financial industry in recent years, according to a new study released on Thursday.

No one seems to know whether or not there will be an iPhone 4S or an iPhone 5, or both, introduced as the next-generation iPhone.

Samsung Electronics <005930.KS> said on Thursday it had filed a complaint against Apple with the U.S. International Trade Commission, claiming that the firm infringed its wireless technology and mobile device user interface.

It sounds too good to be true, but has medical technology advanced enough to reboot the brain after a stroke?

Asia's fast-rising economies set their sights on securing key IMF posts under new chief Christine Lagarde, hopeful she would be the one to make good on oft-heard pledges to give more power to emerging markets.

The wildfire surrounding Los Alamos national nuclear lab has become the highest priority fire in the U.S., and poses serious questions on the safety of 104 nuclear reactors across the U.S.

Bank of America Corp said it expects to take more than $20 billion of charges after settling with mortgage bond investors, resulting in a second-quarter loss.

Australian Paleontologists have discovered half-a-billion-year-old fossils that show primitive animals had exceptional vision.

Director Michael Bay used NASA's Kennedy Space Center launch pad to film many scenes from the movie.

Each year hundreds of Indian girls are being operated on to turn them into boys with the help of corrupt doctors in Indore.

One of Silicon Valley's most powerful venture-capital firms, Andreessen Horowitz, is adding former Treasury Secretary Larry Summers to its team.

With food prices around the world skyrocketing, increasing hunger and in some cases acting as a catalyst for regime changes in the Middle East, there is more to worry about on the horizon.

They're all a Twitter about the flotilla.

Mountains of Apple iPhone rumors are piling up, and the company, as usual, is keeping its mouth shut.

One man's opinion on why the Supreme Court should be applauded for the ruling against California's violent video game law.

Bank of America Corp's $8.5 billion settlement to clear up its mortgage bond mess isn't a done deal and could be challenged -- if the large number of investors locked out of negotiations decide to organize.

Google Inc brags that computers running its recently released Chrome operating system are a lot safer than traditional PCs, partly because user data is stored in the Internet cloud and not on the machine.

News Corp has sold Myspace for $35 million, a fraction of what it paid for the once-hot social media site even as a new generation of Web-based start-ups is enjoying sky-high valuations.

Apple is facing a lot of pressure this year with Android beating the technology giant in several categories, including the top smartphone spot. However, Apple isn't one to give up easily and expectations are high that with iPhone 5 release Apple will regain its top position in a highly competitive smartphone jungle.

Carver Bancorp Inc raised $55 million in new equity capital from institutional investors, including Goldman Sachs , Morgan Stanley , Citigroup Inc and American Express , helping boost the bank's capital levels to meet regulatory requirements.

Critics share their views on Google's latest social network. Some see a promising future, some are skeptical.