IBT Staff Reporter

Strong oil prices and the euro zone crisis threaten to cut short the recovery of an increasingly competitive aircraft manufacturing industry, the head of Brazil's jet builder Embraer told Reuters on the eve of the Paris Air Show.

Panasonic Corp on Monday forecast a 270 billion yen ($3.4 billion) operating profit for the year to March 2012, down 11 percent on the previous year as the effects of the devastating earthquake continued to weigh on the company's supply chain.

Three months have passed since the deadliest tsunami struck Japan on March 11, 2011. It was announced as the strongest ever in recorded history of geological disasters. Check out photos of Japan’s amazing recovery that took place after the catastrophic event.

Dutch financial services group ING is negotiating the sale of its car leasing business in a deal potentially worth 4 billion euros ($5.7 billion), a Dutch newspaper reported on Monday.

Famed market bear Nouriel Roubini may be talking down China, but resource firms are betting billions that rapid urbanization and economic growth will soak up the country's massive infrastructure investment and prevent a hard landing.

The euro dipped on Monday and Asian stocks flipped back into the red after euro zone finance ministers delayed a final decision on extending emergency loans to debt-stricken Greece, dashing hopes for a quick solution to the political impasse.

The Defense Advanced Research Projects Agency (DARPA) has released a request for Information (RFI) to solicit ideas and information to support its 100 Year Starship Study program.

The regulatory body that oversees Internet domain names voted on Monday to revamp the domain naming system for websites, allowing them to end with words like apple and orange instead of suffixes such as .com or .gov.

According to reports from Spain, Barcelona are set to seal a deal for Udinese winger Alexis Sanchez, beating off competition from Manchester clubs, United and City.

Anthony Weiner may not have to contemplate for long on life after resigning from Congress . It seems the entertainment industry has at least two jobs lined up for him , he just has to give his nod.

US companies will be forced to disclose details of basic level of protection for consumers' personal information and notify the government when data is stolen, according to new draft legislation from the Congress.

Softbank expects to reach an agreement soon with Alibaba Group over ownership of China's leading e-payment provider Alipay, the Japanese mobile carrier's CEO said on Monday.

Alyssa Campanella, a 21-year-old girl from California was crowned as Miss USA 2011 in Hollywood Resort and Casino in Las Vegas on Sunday night.

Bankrupt bookstore chain Borders Group Inc said it will name a stalking horse bidder by July 1 and is looking to complete the sale of all its assets by the end of July.

Japan's exports fell in May at a faster pace than expected versus year-ago levels, raising concerns that weakness in overseas demand will constrain factory production and delay economic recovery from a massive natural disaster.

Tepco will open a very humid nuclear reactor airlock, at the Fukushima Daiichi nuclear plant, the company said on Sunday.

General Electric Co on Sunday reached a tentative, four-year national labor contract with two key unions that cover more than 15,000 GE workers, or about 11 percent of its U.S. employees.

Justin Biber Arrived amidst shock and frenzied teen fans at the 2011 Canadian MMVA's held in downtown Toronto June 19, 2011, the show hosted by his rumoured girlfriend Selena Gomez.

A weight loss specialist, Dr. Gautam Gupta 57, is wanted by the Federal Bureau of Investigation (FBI). FBI has started a national and international effort to find him.

The death rate for people affected by cancer has been decreasing in United States. However, not everyone has benefited equally according to the American Cancer Society (ACS).

Rory McIlroy, the winner of the 2011 U.S. Open was so elated about his record breaking win, that he sent a photo of his championship trophy to his followers on Twitter.

Shares in Japanese game developer Sega Sammy Holdings Inc fell on Monday after information belonging to 1.3 million customers was stolen from its database, the latest in a rash of global cyber attacks against video game companies.

Ford Motor Co is spending $1 billion in an effort to develop a new generation of vehicles for its struggling Lincoln brand, the Wall Street Journal reported on Sunday, citing dealers briefed on the plan.

There have been numerous speculations and allegations regarding the reality of North Korean regime through multiple reports, especially defector’s testimonies, but none have been fully verified. However, a leaked official police manual published by the North Korean government officially confirms actual inside stories of the reclusive nation.

Your smartphone may be a convenient companion, but you may need to think twice about trusting them wholeheartedly.In this era of mobile applications earning increasing attention and popularity among many consumers, both casual and tech-savvy, the application market poses a rising threat to privacy.

Girls Aloud singer Cheryl Cole, who was not seen in public for 25 days since the ‘X-Factor’ trouble, finally has come out in the open, thanking her fans for their support and indicating that she might be back soon on British Screens as the host of BBC's talent search show The Voice.

Rory McIlroy gave his father a wonderful present on Father's Day, winning the U.S. Open in record-breaking fashion.

Pratt & Whitney's geared turbofan engine, which has secured hundreds of orders to power Airbus's upgraded A320 narrowbody, could be scaled up for use on larger widebody airplanes, its chief executive said on Sunday.

Japan's Panasonic Corp is likely to forecast a group operating profit of 260-280 billion yen ($3.24-$3.5 billion) in the current business year to March 2012, down about 10 percent from the year before, due to a fall in sales following a massive earthquake in March, the Nikkei business daily said on Monday.