IBT Staff Reporter

India's Cabinet Committee on Security has cleared a $4.1 billion defense deal to buy 10 C-17 heavy lift aircraft from US-based Boeing.

General Motors will invest $130 million to build an enterprise data facility and add 25 high-tech jobs at its Technical Center campus in Warren, Michigan.

The euro ticked up in Asia on Tuesday, steadying from a slide after the Eurogroup chairman said the common currency was overvalued, while the Australian dollar dipped after the central bank kept interest rates steady.

Toshiba Corp and Sony Corp are in talks to combine their units that make small and mid-size LCD panels for smartphones and tablet computers, and may sell a stake in the new entity to the Japanese government for about $1.2 billion, sources said.

From New Delhi to Shanghai to Johannesburg, a flood of cheap handsets from the likes of China's ZTE and India's Micromax is destroying Nokia's top position in emerging markets.

Sony showed off its new PlayStation Vita handheld games device at a flashy Los Angeles event on Monday, in a bid to move on from the hacking attacks that forced the company to shut down its videogames network for almost a month.

Fast-growing measurement technology group Hexagon set new financial targets on Monday, setting its sights on stronger profitability and sales in the coming years while relying less on acquired growth.

Toshiba Corp and Sony Corp are in talks to combine their units that make small and mid-size LCD panels for smartphones and tablet computers, and may sell a stake in the new entity to the Japanese government for about $1.2 billion, industry sources said.

Today Apple has officially unveiled its new cloud service iCloud at the 2011 Worldwide Developer Conference (WWDC).

Business travel demand is holding up better than price-sensitive leisure travel in a sign of business confidence and a recovery in world trade, the chief economist of global airlines body IATA said on Tuesday.

Apple Inc CEO Steve Jobs unveiled services for people to store more of their photos, music and other data online, giving the iPad and iPhone maker the lead in a fast-expanding new consumer market.

Former NBA point guard Mark Jackson has been named the new head coach of the Golden State Warriors. After an extensive search and numerous candidates being linked to the team, the Warriors finally selected the 17 year NBA veteran and basketball analyst.

Apple Inc took a big step toward getting people to store and access their data on the Internet as CEO Steve Jobs emerged from medical leave to present the iCloud music-streaming service.

Analysts are impressed with Apple's iCloud; saying it could transform the entire computing industry.

Rafael Nadal seemingly came into the French Open limping as the number one player in the world. He had just lost on the red clay courts of the Rome Masters to Novak Djokovic, who was on a seemingly unstoppable win streak.

Hackers calling themselves Lulz Security said on Monday that they had broken into Sony Corp computer systems again, and posted the results on the Internet.

Apple Inc unveiled a new storage and retrieval service, called iCloud, that gives customers access to all their music, photographs and other files across their devices.

Apple's CEO Steve Jobs announced and unveiled the new music streaming service called iCloud at the Apple Worldwide Developers Conference in San Francisco.

Sony Computer Entertainment of America CEO Jack Tretton apologized to consumers about the PSN issue at E3.

A former portfolio manager at hedge fund SAC Capital Advisors testified a consultant on trial for insider trading regularly provided absolutely perfect information in exchange for payments.

The trustee for the brokerage arm of Lehman Brothers Holdings Inc is entitled to $4 billion in margin assets that have been the subject of a long-running legal fight with Barclays Plc , a bankruptcy judge said on Monday.

News and information provider Thomson Reuters Corp said it plans to sell a unit that supplies healthcare data and analysis to companies, government agencies and health professionals.

Zambia has asked commodity trader Glencore's Mopani Copper Mines for unpaid taxes after an audit of the subsidiary, leaked earlier this year, said it had underpaid mining dues, the country's finance minister said.

The New York Mets used their first-round draft pick to select Brandon Nimmo tonight in the Major League Baseball draft.

A Goldman Sachs Group Inc shareholder sued Rajat Gupta, a former director of the investment bank, on Monday over trades revealed at the criminal insider trading trial of Galleon hedge fund founder Raj Rajaratnam.

Microsoft Corp is looking to put its popular Kinect motion-sensing device at the heart of its Xbox game console, unveiling plans on Monday to allow users to control live television feeds, search YouTube and play action games with voice commands.

A Texas woman whom Rep. Anthony, D-NY Weiner has admitted exchanging photos with says a man identifying himself as the Congressman called her from a number link to his New York congressional office, as House Minority Leader Nancy Pelosi calls for an ethics investigation to see if government sources were used.

Before today, political consultants regarded Congressman Anthony Weiner as a formidable candidate in what was expected to be a crowded field for the 2013 Mayoral election. However after his revelation this afternoon, he sent a photo of his groin to a young college student on Twitter and that he has had inappropriate conversations with as many as six women on Facebook and Twitter over the past three years, a political consultant said he has an uphill battle ahead if he plans on running for re-ele...

Moments after Congressman Anthony Weiner admitted to sending lewd photographs to at least six women over the past three years, House Minority Leader Nancy Pelosi called for the Ethics Committee to investigate the congressman.