IBT Staff Reporter

Yahoo Inc said it had made significant progress with Alibaba Group on issues such as compensation for the Chinese company's transfer of a valuable Internet asset to an external owner.

Windows details its web-based app store; similar to the one introduced by Google in February.

The Bureau of Labor Statistics released data Wednesday that indicates New Yorkers earn nearly $1.14 for every $1 the average American worker makes.

Apple Inc is fighting what security experts say may be the most pernicious types of computer virus to ever target its line of Mac computers.

New Variants of the MAC Defender malware are appearing, less than a month after the first. The newest version needs no password to install.

Today was the final episode for 'The Oprah Winfrey Show.' Oprah is leaving the talk show to devote more time to her cable network, OWN (Oprah Winfrey Network) which launched January.

U.S. stocks ended a three-day losing streak on Wednesday as recent underperformers led a thinly traded rally that wasn't seen as strong enough to overcome worries about waning global demand.

Sony seems to have become the hackers' favorite target with reports flooding the Internet that Sony Ericsson website in Canada has been hacked and its websites in Thailand and Greece are under seize.

Apple has posted instructions for removing the MAC Defender scareware, even as new variants are appearing.

Former Cleveland Cavaliers coach Mike Brown will be named the new Lakers head coach to replace the legendary Phil Jackson, who retired. According to ESPN sources, the deal has been finalized at 4 years for $18.25 million.

Oil prices rose 2 percent on Wednesday, climbing to two-week highs as an unexpected drop in U.S. distillate inventories trumped a sharp rise in gasoline stocks and as a softer dollar supported fresh commodities buying.

A look at the Eastern Conference Finals Game 6, between the Bruins and Lightning, from the Tampa side.

Wall Street banks clamor to underwrite stock for social media companies like LinkedIn and Twitter, but the online networking sites are largely off limits to the banks' financial advisers.

Yahoo Inc and Alibaba Group have made significant progress in resolving a complex dispute over the Chinese company's transfer of a valuable Internet asset to an external owner.

John Edwards, the former US vice-president nominee, is to be indicted by the Department of Justice for allegedly using campaign funds, more than $1 million in total, to conceal his affair with ex-campaign videographer Rielle Hunter.

Corporate whistleblowers could score multi-million-dollar payouts for reporting financial wrongdoing under a new program approved by securities regulators on Wednesday.

Twitter acquired TweetDeck, a London-based start-up company with its popular Twitter application, and announced the partnership on Wednesday, May 25.

Just a few days ago President Barack Obama and First Lady visited London and stopped by Buckingham Palace to meet with Prince William and his wife Kate Middleton.

U.S. weather experts say a major tornado outbreak and severe storms are set to hit the MidWest again on Wednesday afternoon and evening as a deadly storm season continues to threaten after weeks of destruction.

Oprah is spreading her wings even more and flying the Chicago coop. Oprah has had an eventful career and does not intend to end it with the end of the Oprah Winfrey Show.

Google Inc Chairman Eric Schmidt and Facebook founder Mark Zuckerberg warned governments to tread lightly on Internet regulation because moves to tame its rough edges risked hurting its virtues.

Here is a pictorial look at a few of the updates on the next version of Windows Phone 7.

The United States will work to help Russia join the Organization for Economic Cooperation and Development, a western-dominated forum for advanced market economies, Secretary of State Hillary Clinton said on Wednesday.

A tornado watch is in effect for central Indiana until 7 p.m. Wednesday.

On Wednesday afternoon, after 25 years of day time television, Oprah Winfrey will say farewell to The Oprah Winfrey Show. Oprah herself called the final episode a love letter to her viewers.

He rose from humble working class origins to become the shipping world's leading magnate by following his gut instincts and taking huge risks.

(Warning: Strong language in paragraph 17)

Regulators launched one of the biggest ever crackdowns on oil price manipulation on Tuesday, suing two well-known traders and two trading firms owned by Norwegian billionaire John Fredriksen for allegedly making $50 million by squeezing markets in 2008.

A divided U.S. Securities and Exchange Commission approved a new program that would compensate whistleblowers whose tips lead to sanctions of over $1 million.