IBT Staff Reporter

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.

In a brief interview Tom Hanks is asked if there would be a fourth film in the highly popular series.

Campbell Soup Co will shed nearly 800 jobs as part of a series of cost cuts, which include exiting the Russian market, automating operations at a factory in Australia and closing one in the United States.

Mostly foreign government representative and western journalists are said to have been the customers of the Kabul luxury hotel attacked by a Taliban squad late night on Tuesday.

AU Optronics Corp of Taiwan hit Korea's Samsung Electronics Co Ltd with a countersuit for patent infringement, ratcheting up their dispute over flat-panel technology.

Lawyers representing the New York wood pellet salesman who claims he is entitled to a huge stake in Facebook have withdrawn from the case, according to a court filing.

Tablets are no longer just for adults. LeapFrog introduces the LeapPad for little ones and makes it available for pre-order.

Twitter co-founders Biz Stone and Evan Williams plan to revive Obvious, the company they conceived years ago as a technology project incubator that eventually spawned Twitter.

Groupon Inc's Indian subsidiary SoSasta inadvertently published its users' passwords on the Internet, but the sensitive information was quickly removed after the security breach was discovered last week.

NASA has captured images from space of several fires raging across the Southwestern part of the U.S.

French Finance Minister Christine Lagarde on Tuesday clinched the top job at the IMF, keeping the international lender in the hands of a European at a time of growing concern over a possible Greek debt default.

Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said on Tuesday.

How investors trade U.S. Treasuries in case of a U.S. credit rating downgrade will depend less on the ratings move itself and more on the long-term inflation outlook, Bank of America Merrill Lynch strategists said on Tuesday.

Clothing chain American Apparel Inc is in talks to replace two of its six board members, Bloomberg said, citing three people involved in the discussions.

According to Russian scientist, Andrei Finkelstein, humans are going to meet aliens within 20 years.

Natsumi Hayashi, otherwise an ordinary Japanese teenage girl who lives in Tokyo with her two cats, has a unique hobby that draws other’s attention – levitating.

Prospects that Greece would pass an austerity package needed to avoid sovereign default improved on Tuesday when a key deputy added his support, even as street protests turned violent in Athens.

Microsoft takes the curtain off its latest software: Office 365.

An HSBC India client living in Wisconsin was indicted on Tuesday for hiding more than $8.7 million in offshore accounts and filing false U.S. income tax returns, the Justice Department said.

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

The federal regulator of the largest U.S. banks is attempting to maintain too much power to preempt state consumer financial laws and is ignoring the intent of the 2010 financial reform law, state attorneys general complained in a letter released on Tuesday.