IBT Staff Reporter

Hewlett-Packard Co, the world's No.1 PC maker, is investing heavily in China and plans to develop cloud-computing products here to sell globally, Chief Executive Leo Apotheker said.

Sony Corp's second-in-command, Kazuo Hirai, will relinquish day-to-day control of the company's videogames unit in September, making way for a Welsh-born Sony veteran just months after hackers launched a massive attack against the electronics giant.

Japanese mobile social gaming firm Gree will aim for 500 million to a billion users worldwide, rivaling Facebook, the company's founder and chief executive said on Wednesday.

Cease and Desist orders against usage of unauthorized songs by politicians need to be looked into

A class action suit against Facebook was dismissed over the ‘Friend Finder’ feature in the social networking site allegin violation of the users’ rights to control the use of their names.

NEW YORK (Reuters Life!) - People tend to lose a little more weight with online help than with traditional weight loss programs, a Japanese study said -- but combining the Internet with in-person contact appears to be the most effective in keeping extra kilograms at bay.

China's People's Liberation Army has developed its first online military game, called The Glorious Mission, to train soldiers in combat skills and technological awareness, the China Daily reported.

Guillermo del Torro has revived the project with Marvel Studios for ABC

Stock index futures pointed to gains for Wall Street for the third session in a row on Wednesday, ahead of a Greek parliamentary vote on austerity measures which is expected to be passed in order to avert a default for the highly indebted country.

The accounting troubles and short-selling attacks hitting China-based companies are creating fertile ground for the rumor mill to flourish, with some shares hammered by chatter rather than actual evidence.

This isn't the first time Facebook has hired an infamous hacker: In fact, there are several teenaged hackers who got rewarded for their cyber-crime instead of being imprisoned.

Stocks rose for a second day on Tuesday on optimism that a solution to Greece's debt crisis was near, although low volume indicated underlying nervousness in the market.

Greece's parliament holds a crucial vote on Wednesday on whether to submit the country to unpopular austerity measures demanded as the price for funds to prevent the euro zone's first sovereign default.

Hani Kahn, a 20-year-old American Muslim woman, was fired when she refused to remove her hijab for religious reasons, while working as a stockroom employee at preppy clothing retailer Hollister.

According to the latest report issued by Symantec on comparing the security level of iOS and Android operating system, iOS is less vulnerable than Android.

Securities regulators are poised on Wednesday to propose rules for how swap dealers interact with their customers, in a move designed to manage risk and protect clients from abusive practices.

A worker of the Italian Consulate and his wife have been accused of holding a Brazilian woman as a slave in their San Francisco home. They promised of a better life to the women but instead kept her as an indentured servant.

A video on a Chinese male cheerleader has hit the web and instantly became an Internet sensation. The identity of the person is yet to be announced, but some assumes him to be a student from Shandong University of Science and Technology.

A grand jury condemned the officials in cash-strapped Northern California for ignoring the federal law to approve of the giant medical marijuana farm.

Information on the next Apple iPhone is still dubious and only rumors are growing as to when it is going to be released, what is it going to be called and what features will it boast of.

Co-founder Biz Stone is leaving Twitter to join Evan Williams and Jason Goldman to reboot the a web media incubator, Obvious Corp. from which Twitter originated.

India supported France's Christine Lagarde as the International Monetary Fund's next leader because it wanted to be part of the consensus that was forming around her, Indian Finance Minster Pranab Mukherjee said on Tuesday.

Japanese factory output jumped by the most in almost 60 years in May as manufacturers restore supply chains damaged by the massive earthquake and tsunami in March, the latest evidence the economy is headed for a V-shaped recovery from the disaster.

Malaysia Airlines will keep its no babies in first-class policy for its new A380 jumbo jets, requiring passengers with infants to buy seats in business and economy classes.

Shia LaBeouf recently confessed to having a fling with actress Megan Fox.

The exploding popularity of Android has been a force to reckon. Google reported that its daily activations have reached 500,000. Google's vice president of mobile tweeted that this rate is increasing 4.4% each week. The increased number of smartphones that are running the Android OS have placed Google at the top of the Smartphone market over its reigning competitor the Apple iPhone.

by Adam TempkinNEW YORK, June 28 - Entergy Louisiana, LLC is the first utility to be approved to use a securitization to recover costs from a canceled power-plant project, and will issue US$200m in so-called senior secured investment recovery bonds, according to an S-3 filed Friday by the company with the SEC.

Prince William and wife Kate will attend the inaugural 'BAFTA Brits to Watch' event on July 9 in Downtown Los Angeles where they will help promote forty-two emerging British individuals selected by the British Academy of Film and Television Arts.

Groupon Inc, the largest online daily deal company, said on Tuesday that the security of its Indian business SoSasta was breached.