IBT Staff Reporter

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Korean Air announced to buy Bombardier's Cseries aircraft.

Korean Air announced Tuesday at the Paris Air Show, to buy Bombardier's C series aircraft, the value of the order is valued at US$616-million based on list price, but could swell upto US$1-billion if all the orders comes to a definitive.

Inaction over Same Sex Marriage in New York - Until When?

After over a week of backdoor negotiations and heated coverage, the state legislators are still stuck on the same-sex marriage bill in New York.Governor Andrew Cuomo is putting unprecedented pressure on Republicans to approve his bill, which now awaits one more vote in the Senate to cross the finishing line.

irbus piles pressure on Boeing

LE BOURGET, France, June 21 - Airbus piled up orders for its revamped A320neo passenger jet at the Paris Air Show on Tuesday, putting more pressure on Boeing and limiting scope for new rivals as Russian premier Vladimir Putin arrived to tout his country's aerospace industry.

Greece faces vote crucial to avoid default

Prime Minister George Papandreou's cabinet faces a confidence vote late on Tuesday, the first of three tests the Greek government must survive to avert the euro zone's first sovereign default.

Nokia unveils N9 smartphone

Nokia Chief Executive Stephen Elop unveiled a new smartphone on Tuesday that uses software the firm plans to ditch, a move analysts said would probably condemn the device to obscurity.

Summer Solstice 2011: Bad omen for Amy Winehouse

Today is Summer Solstice 2011. The ancient Celts believed that although this is a time of merriment for some, it brings out evil spirits.That seems to be the cases for a descendent of the Celt, British musical icon Amy Winehouse. Analysts say Winehouse is the musical talent of this generation.

Wall Street set to open higher on Greece optimism

Stock index futures signaled a higher open on Wall Street on Tuesday, as expectations grew that a default of Greek debt could be avoided and sovereign risk in other euro zone countries could be contained.

Walgreen deal with PBM to end, shares down

Drugstore chain operator Walgreen Co said it was unable to renew an important contract with a major pharmacy benefits manager and faces continued pressure from government reimbursement policies, sending its shares down nearly 4 percent in premarket trading.

Stock futures gain on optimism over Greek vote

Stock index futures rose on Tuesday as expectations grew that a solution will be found for Greece to avoid a default and a short-term contagion risk to other euro zone countries could be contained.

Cloud Shootout: iCloud vs Google Music Beta digital locker vs Amazon Cloud Drive vs Microsoft Sky Drive

Technology giant Apple’s one-stop cloud-based photo, video, music and data back up and push out service iCloud has generated a lot of interest and Apple has even held back the launch of its new MacBook Air and other products so that it could bundle iCloud with all future product launches. But does iCloud have what it takes to beat Google Music Beta digital locker, Amazon Cloud Drive, Microsoft Sky Drive?

Stock futures higher on hopes of Greece solution

Stock index futures rose on Tuesday as expectations grew that a solution will be found for Greece to avoid a default and a short-term contagion risk to other euro zone countries could be contained.

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