IBT Staff Reporter

Lockheed Martin Corp's increasingly costly F-35 Joint Strike Fighter is testing congressional support, with top Senators calling on the Pentagon to offer alternatives.

Bankrupt bookstore chain Borders Group Inc said it planned to end its relationship with Seattle's Best Coffee and begin operating its own in-store cafes.

The management for the New York Knicks aren't talking, but rumors abound about who they'll choose with their 17th slot at the NBA draft on June 23. Here are seven players who could make an impact with the organization.

Reports came out on Thursday saying that the Botox Mom story was one giant hoax.

A look back at the first ever Apple Store and a report on Apple's plans for change.

Camping claims that it is not about the money, but spreading the message and saving as many people as possible.

Intel Corp could suffer due to slowing processor shipments, rising competition and record capital expenditure levels this year, warned Goldman Sachs analysts, who in a rare downgrade, cut their rating on the stock to sell, sending its shares down nearly 3 percent.

Apple has reportedly signed a licensing agreement with EMI Music about cloud-music serve – a deal that could help it beat competitors Google and Amazon.

The West's energy watchdog urged oil producers to boost supply to cut fuel costs, to protect economic recovery, and appeared to suggest its members could release emergency stockpiles if OPEC does not act.

Not raising the U.S. debt ceiling would be bad for the economy and would force the government to default on either its bonds or domestic programs, the top White House economist said on Thursday.

Stocks rose for a second day on Thursday, but mixed economic data kept confidence in the recovery on shaky ground even as LinkedIn's shares surged in the company's Wall Street debut.

President Ronald Reagan once famously said that a stack of $1,000 bills equivalent to the U.S. government's debt would be about 67 miles high.

European tech industry executives, highly skeptical about the sky-high market valuations put on U.S. start-ups, are choosing not to float their own shares for now and are instead pursuing growth in the relative calm of the Old Continent.

Sales of previously owned homes fell unexpectedly in April in a sign the country's tight lending standards are continuing to hamper the housing recovery, a trade group said on Thursday.

Weak data on U.S. home sales and factory activity on Thursday showed the economy stuck in a slow-growth gear, although a drop in claims for jobless aid offered hope the labor market's recovery was on track.

Lockheed Martin Corp's increasingly costly F-35 Joint Strike Fighter is testing congressional support, with top Senators calling on the Pentagon to offer alternatives.

It is confirmed that Dominique Strauss-Kahn has announced his resignation from as the International Monetary Fund (IMF) Chariman. He is amidst sexual assault charges and a growing pressure of doubt in his ability to run the organization. A resignation letter from Strauss-Kahn to the IMF board described his denial to the allegations and hopes of protecting the institution.

President Barack Obama promised to support democracy in nascent revolutions in the Middle East on Friday, saying he would push for billions of dollars in financial incentives for Egypt and Tunisia on Thursday in the wake of uprisings across the region in recent months.

Chris McNicholl, a young product designer in Scotland, invented TweetingSeat, the park bench that tweets!

Amazon.com Inc said on Thursday that it now sells more digital e-books than paper books and that its recently introduced lower-priced Kindle e-reader is outselling other versions of the device.

Persona non grata means a person who is not welcome, and is not accepted to a certain place.

New York City avoided the major cuts in the counter-terrorism grants, while 32 cities are eliminated.

Andy Warhol captured a young and seemingly topless Maria Shriver back in 1986.

President Ronald Reagan once famously said that a stack of $1,000 bills equivalent to the U.S. government's debt would be about 67 miles high.

Weak data on U.S. home sales and factory activity on Thursday showed the economy stuck in a slow-growth gear, although a drop in claims for jobless aid offered hope the labor market's recovery was on track.

The U.S. economy is on a firmer footing after a deep and lengthy recession, but still-high unemployment is keeping inflation under wraps and continues to warrant ongoing support from the Federal Reserve's ultra-easy money policy, a top Fed official said on Thursday.

The San Jose Sharks imploded on Wednesday night, heading towards playoff purgatory for yet another season, now in a 0-2 hole against the Vancouver Canucks. Is this the last we will see of the Sharks or can they recover after yet another third period collapse?

BlackRock Inc said on Thursday that it was buying back all of its shares owned by Bank of America , ending a long-term ownership relationship that helped BlackRock to grow into one of the world's biggest asset managers.

It has only been a few days since the potential security flaw that affects 99% of Android devices was discovered, but Google has already announced a fix will start rolling out as soon as today. The flaw could potentially allow hackers to access users' phone data, calendar, and contact apps through an open Wi-Fi network.