IBT Staff Reporter

Greece should complete talks by the end of the week with EU and IMF inspectors on a medium-term budget plan plus a vital next slice of international aid, sources close to the negotiations said on Wednesday.

Twelve big U.S. companies paid far less than the statutory corporate tax rate from 2008 to 2010, despite making substantial profits in that period, said a report released on Wednesday.

New Jersey Natural Gas proposed lower rates for its customers in a report filed with the state's Board of Public Utilities today.

The owner of the New Jersey Nets, Mikhail Prokhorov, is seeking the leadership of the Right Cause party in Russia.

Peppa Pig is all the craze in the United Kingdom among tots and young children, and she is set to make a splashing debut in America after signing a deal with Fisher Price.

U.S. videoconferencing company Polycom Inc will buy Hewlett Packard Co's videoconferencing business for $89 million in cash, as it arms itself in its fight for market share against Cisco Systems .

Bombardier Inc broke a 16-month order drought for its new CSeries jetliner on Wednesday, announcing a small 10-plane order that helped lift its stock by as much as 7 percent.

The upcoming WWDC promises to reveal the new iCloud service along with Lion Mac OS 10.7 and the iOS5 for iPhones and iPhone 5. The iCloud service has brought much anticipation on how Apple will successfully operate iTunes for remote access of music from all computers and mobile devices.

Analysts say Apple's iCloud may spell doom for Amazon and Google's cloud offerings.

Netflix Chief Executive Reed Hastings wouldn't be surprised if Netflix had to pay up to $200 million to renew a licensing deal with Liberty Media's Starz network.

The most romantic places on the globe are waiting. Will you take the plunge?

Legendary boutique owner honored for his contributions to fashion

After years spent creating a name for herself, reality television star Kim Kardashian will change her name to Kim Humphries once she marries her boyfriend Kris.

Two of top UBS AG investment bankers, Cary Kochman and Jim Glerum, have left the firm to join Citigroup , yet another blow to the investment bank grappling with an exodus of senior dealmakers.

The new X-Men flick 'First Class' directed by Matthew Vaughn is promising to deliver after positive reviews it has received from various critiques.

A settlement between a coalition of federal and state agencies and banks over foreclosure practices will take longer to hammer out than many expect, Bank of America Corp Chief Executive Brian Moynihan said on Wednesday.

The new X-Men flick 'First Class' directed by Matthew Vaughn is promising to deliver after positive reviews it has received from various critiques.

A member with the ID, eeyore546 posted a YouTube video clip of a dog who resists her bath time. The dog hilariously stretches her four legs not to fall into the yellow bath tub and get wet, which makes the viewers crack up.

General Motors Co and Ford Motor Co reported slightly lower U.S. vehicle sales in May as broader economic weakness and higher vehicle prices prompted consumers to delay major car purchases.

Blake Lively, who plays the female lead in the latest Marvel superhero film Green Lantern, has been in the news due to alleged nude photos floating around the internet. The pictures depict a naked blonde woman, who resembles Lively, posing in front of a mobile phone camera.

Factory activity growth slowed in May to its lowest level since September 2009, suggesting a loss of momentum in the economy in the second quarter, according to the Institute for Supply Management.

General Motors Co on Wednesday reported a 9 percent rise in retail sales in May from a year earlier, but total sales including bulk fleet purchases fell 1 percent.

Wholesale Gold Bullion Prices surged up by nearly $20 on Wednesday morning, reaching $1550 per ounce while stocks and commodities were flat.

Fashion designer Katharine Hamnett named Commander of the Order of the British Empire

A European Central Bank policymaker said a voluntary deal for investors to keep renewing their Greek debt holdings might be acceptable, raising hopes on Wednesday for a deal to prevent a default by Greece.

Stocks skidded on Wednesday as more weak economic data cemented fears the U.S. recovery was running out of steam and prompted Wall Street firms to slash forecasts ahead of the closely watched payrolls report on Friday.

Marathon Oil Corp will buy oil and gas properties in Texas' Eagle Ford shale field $3.5 billion from private equity firm KKR and Hilcorp Resources Holdings LP, the companies said on Wednesday.

The adoption of AMOLED into the iPad 3 is now unlikely, as the display provider and the tablet producer have turned their once friendly relationship to heated pending court cases.

Shares in struggling mobile phone handset maker Nokia Oyj jumped on Wednesday in reaction to a web site report that said U.S.-based Microsoft Corp had struck a deal to buy its mobile phone business for $19 billion.