IBT Staff Reporter

Ron Johnson, after his 11-year career as senior vice president at Apple Inc., will take over as CEO at J.C. Penney Co. November this year.

Google Inc unveiled new features and technology to speed up Web searches and to make it easier for people to use its flagship search engine as they increasingly access the Internet from handheld mobile devices.

Republicans and Democrats grappled over the government's annual spending levels on Tuesday as they worked toward a deal that would narrow annual budget deficits and allow the country to continue borrowing at rock-bottom rates.

Bankrupt telecommunications company Terrestar Networks Inc is nearing a minimum bid agreement of $1.2 billion to $1.4 billion, likely with billionaire Charlie Ergen, chairman of Dish Network Corp , according to sources with direct knowledge of the situation.

Lockheed Martin Corp's space systems unit said on Tuesday it would cut 1,200 workers, or about 7.5 percent of the division's total workforce, by year's end to reduce costs and improve its competitive standing.

New data released Tuesday at the annual meeting of the solar physics division of the American Astronomical Society in Las Cruces, New Mexico, may suggest that we are headed towards a solar event that hasn’t happened in hundreds of years.

The chairman of the Federal Reserve warned on Tuesday that a failure to lift the government's borrowing limit could risk a potentially disastrous loss of confidence, giving further impetus to the latest round of deficit-reduction talks by top lawmakers.

Rambus successfully fended off an attempt by opponents in an upcoming $4.38 billion antitrust trial to use a recent negative court ruling over document shredding against the chipmaker.

Google Inc unveiled new features and technology to speed up Web searches and to make it easier for people to use its flagship search engine as they increasingly access the Internet from handheld mobile devices.

A Yemeni blogger said on Tuesday she has applied for political asylum in Sweden after receiving death threats for her criticism of President Ali Abdullah Saleh and fears growing violence in her homeland.

Citigroup Inc is in the early stages of looking for about 1 million square feet of office space in Manhattan and considering space at the World Trade Center site and at the Hudson Yards, according to two people familiar with the matter.

Ron Johnson was a MVP for Apple and will not be an easy guy for the company to replace.

About eight people besides a Taiwan-born technology consultant who is on trial for insider trading provided stock tips to Barai Capital Management, a former employee of the hedge fund testified on Tuesday.

Pro-life and religious organizations condemned the BBC for broadcasting a controversial documentary on a man’s assisted suicide Monday evening.

LeBron James has been bashed in the media for his poor basketball play, quitting on the Cavs, quitting on the Heat in the fourth quarter, post-game pouting, and now the Miami Heat's star player is being based by Chicago Cubs minor league affiliate Peoria Chiefs.

Staying Positive with Jesse Eisenberg, the newest addition to the comedy video Web site Funny Or Die, is the show every tween girl needs, according to the Huffington Post.

The 2011 SummerStage keeps the tradition going, as it marks its 26th year in the celebration of outdoor musical and theater performances.

The recent string of sensational hacker attacks is driving companies to seek cyberinsurance worth hundreds of millions of dollars, even though many policies can still leave them exposed to claims.

Bankrupt telecommunications company Terrestar Networks Inc is nearing a minimum bid agreement of $1.2 billion to $1.4 billion and is likely to go with an offer from billionaire Charlie Ergen, chairman of Dish Network Corp , according to sources with direct knowledge of the situation.

People.com is reporting that Hefner and Crystal Harris have called off their wedding.

Google adds a few new features to search on desktops.

Department store chain J.C. Penney Co Inc is bringing in the man who oversaw Apple Inc's wildly successful foray into bricks and mortar stores as its new chief executive, news that sent Penney shares up 17 percent.

It may take the Supreme Court to end a years-long battle between a pair of Olympic rowing twins and Facebook Inc founder Mark Zuckerberg.

Antenor Velazco, a 63-year-old orthopedic surgeon on his way to obtain his pilot license, barely eloped from his plane before it exploded into flames Tuesday afternoon.

Consumers have not pulled back aggressively despite the recent slowdown in the economy, retail sales data showed on Tuesday, and falling gasoline prices should support growth in the months ahead.

Federal Reserve Chairman Ben Bernanke warned on Tuesday that a failure to lift the government's $14.3 trillion debt ceiling risks a potentially disastrous loss of confidence in America's creditworthiness.

Garmin Ltd said it signed a deal to buy Germany-based navigation provider Navigon AG for an undisclosed sum as it looks to expand in Europe.

U.S. regulators threw a temporary bridge across the increasingly awkward gap between the idea of regulating the $600-trillion swaps market and the reality of actually doing it.

Only 1 in 8000 women give birth to triplets. Even rarer is when those triplets grow up and coincidentally have babies at the same time!