IBT Staff Reporter

The fallout from a Greek debt default can be contained if European leaders reached an agreement to let the restructuring take place in an orderly manner, former IMF chief economist Raghuram Rajan said on Wednesday.

Amazon’s new Android tablet will have a streaming movie service, which the Android tablets still don’t have.

The euro came under fresh pressure in Asia on Wednesday as worry about euro zone debt intensified, prompting a move away from riskier assets which helped gold extend gains.

US auto major Ford Motors will invest €812 million, or $1.2 billion, for its plant in the Valencia region of eastern Spain.

The United States and China need to reach an agreement to restrict cyber attacks and designate some areas as off limits to hacking, two former senior U.S. officials said on Tuesday.

The euro came under fresh pressure in Asia on Wednesday as worry about euro zone debt intensified, prompting a move away from riskier assets which helped gold extend gains.

Malaysia stepped up monitoring of government websites on Wednesday to stop a threatened hacking attack by Internet vigilante group Anonymous over government acts of censorship, the police chief said.

Worried that Congress will not act in time to raise the country's borrowing cap, the Obama administration is enlisting the business community to persuade lawmakers that a default will have dire consequences.

Corporate profit margins in the United States are likely to remain at elevated levels for the foreseeable future, despite concerns about an economic slowdown, former IMF chief economist Raghuram Rajan said on Wednesday.

Acer Inc slashed its full-year shipment target for tablets by almost 60 percent and expects lower notebook shipments as the world No.2 PC maker works to clear accumulated inventory.

Malaysia has beefed up security ahead of a threatened hacking attack of its official government website by internet vigilante group Anonymous for government acts of censorship and will track down the activists, the police chief said on Wednesday.

Hugh Hefner, the 85-year-old multimillionaire and founder of Playboy, bitterly announced that his wedding with his young fiancée, 25-year-old Crystal Harris, was canceled.

The Los Angeles Unified School District board voted to officially remove flavored milk from cafeterias as of July 1st.

Starbucks announced that it plans to extend its popular mobile payment app into the Android market, signaling a power shift in the mobile OS war in Google's favor.

Oakland-based Internet radio company Pandora Media Inc.'s $16 IPO share price has left the market wondering whether the shares are overvalued or not.

Wednesday night Stanley Cup finals between Vancouver Canucks and Bruins ticket price skyrockets

Lehman Brothers Holdings Inc is delaying its fight to block real estate developer SunCal from challenging $1.5 billion in claims Lehman asserted as a creditor in bankruptcy court against a number of Lehman/SunCal real estate projects.

New researcher can predict what gamers want when they play online role-playing games.

HP's executive shakeup could have been seen from a mile away according to some analysts.

A survey studying the revolution of American dads showed that among the dads that were surveyed, 80% said Mother's day gets more attention than Father's day.

Presidential candidate Newt Gingrich said NASA has been an absolute case study in why bureaucracy can't innovate.

Representative Anthony Weiner's claims he didn't use his congressional Blackberry to send salacious photographs and text messages may not be the only thing the House Ethics Committee is investigating.

A Japanese non-profit group that went to explore under the sea in hopes of finding missing Tsunami victims found a ghost town instead.

Michael Jordan is considered by many to be the greatest basketball player to ever play the game. Yet, he couldn't win a championship until a young player named Scottie Pippen joined the team.

The FBI has entered into the picture of the ongoing Lance Armstrong doping saga, according to the co-owner of a Colorado restaurant.

J.C. Penney Co Inc is bringing in the man who oversaw Apple Inc's wildly successful foray into retail stores to be its next chief executive and help speed up the department store chain's turnaround.

Joe Lockhart, a former press secretary for President Bill Clinton, is joining Facebook to oversee the company's policy, international and corporate communications efforts.

The United States and China will need to work out a high-level understanding to limit cyber attacks and spying, U.S. elder statesman Henry Kissinger said on Tuesday.

- JPMorgan Chase & Co shuffled several retail banking executives, signaling Chief Executive Jamie Dimon's determination to rebuild the bank's profits and elevate in-house talent to high-profile roles.