IBT Staff Reporter

Italian carmaker Fiat SpA will invest $1.1 billion and build 120,000 cars a year in Russia to take advantage of state investment incentives and a recovering car industry, Russia's Economy Ministry said.

Could a deal between Microsoft and Nokia be in the works.

Actor Patrick Dempsey told Italian Vanity Fair that he plans to check out of Seattle Grace hospital and that Grey's Anatomy upcoming eighth season is gonna be my last.

Investors dumped Nokia shares again on Wednesday, taking them to their lowest in more than 13 years after a profit warning a day earlier raised fears the handset maker may never regain its shrinking market share.

President Barack Obama visited tornado-struck Joplin, Missouri on Sunday, May 29. Here are photos of President Obama interacting with Joplin residents.

Apple for a change has turned its back on its secretive ways and has openly confessed, prior to its annual Worldwide Developers Conference (WWDC), that it will be launching its highly anticipated cloud offering- iCloud.

Sarah Palin in New York on Wednesday reflected on the meaning of the Statue of Liberty and Ellis Island as her 'One Nation' tour of historical sites and wound its way past the country's largest city.

U.S. companies hired far fewer workers than expected in May and output in the manufacturing sector slowed to its lowest level since 2009, adding to concerns that the U.S. recovery is running out of steam.

U.S. stocks slumped more than 1 percent in their worst day in more than two months on Wednesday after data that pointed to an economy running out of steam.

The former vice presidential candidate Sarah Palin continued her tour in New York City today, visiting the Statue of Liberty and Ellis Island for a tour.

Martin Aircraft Company's jetpack, which stayed in the sky for around 10 minutes and flew at an altitude of 5,000 feet before parachuting down, and Jetman Yves Rossy could soon make ordinary mortals give Superman a run for his money.

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.