IBT Staff Reporter

Most Federal Reserve officials prefer to raise benchmark interest rates before selling assets when the time comes to tighten policy, minutes of their April meeting showed on Wednesday.

Sony PlayStation Network (PSN) is hot issue again, and this time Sony doesn’t have malicious hackers to redirect the wrath of furious customers.

A group of researchers have discovered a new class of planets in the Milky Way Galaxy, which do not orbit a star, and are thus free floating.

Intel’s general manager of software and service Renee James is not worried at the fact that Windows 8 will be available for ARM-based PC because it will not run legacy applications. Windows 8 for Intel’s x86 will.

No matter what, the San Francisco 49ers are in trouble. The NFL labor dispute is likely to drag on through the summer and the 49ers will be one of the teams most affected since they have a new head coach in Jim Harbaugh and a tenuous quarterback situation.

Despite the recall of 1,000 Research in Motion's (RIM) PlayBook tablets due to an OS glitch, the popularity of the PlayBook remains unaffected -it has been reported that the BlackBerry maker has recovered by selling 250,000 devices in month of April. The estimates were noted from RBC analyst Mick Abramsky collected information from 180 Best Buy locations with results showing 84% of 64BG RIM PlayBooks sold were in late April.

Macy's Inc regained its investment grade debt rating on Wednesday from Standard & Poor's, which cited the retailer's robust performance, with results ahead of peers.

Can relationships with big age gaps work? Surely yes, at least for these celebrities. When it comes to love, age is nothing but a number to them. It may not be so much the number of years but the elements such as life experience and maturity, which tend to be associated with age, that may make or break relationships.

San Francisco chooses Microsoft to host its cloud-based email client.

The love child of former California Governor Arnold Schwarzenegger has been kept a secret for over a decade and may have benefited Schwarzenegger as well as Mildred Patricia Baena but not Maria Shriver, who has called the news painful and heartbreaking.

A defense lawyer channeling Donald Trump, an informant dubbed Gossip Queen and a secret stash of cash.

Citigroup Inc has awarded Chief Executive Vikram Pandit over $16.6 million in deferred compensation plus stock options as a retention bonus, a far cry from the $1 salary he took in response to the financial crisis.

Wall Street snapped its three-day losing streak on Wednesday thanks to a rebound in commodity prices and Dell's strong earnings, but investors say stocks still face headwinds.

President Barack Obama's campaign team has created Made in USA t-shirts and coffee mugs in light of recent allegations that he is not in-fact American.

The following are the Federal Reserve's staff forecasts as contained in the minutes of recent Federal Open Market Committee meetings:

Sony Corp said it discovered a security flaw on one of the websites set up to help the 77 million users affected by April's massive data breach reset their passwords.

Britain's 300-year-old copyright laws look set for a shake-up after the government welcomed proposals to put the country on a par with international competitors.

Sony Corp has shut down a website set up to help millions of users affected by April's massive data breach after finding a security hole.

Google says there was a security flaw in Android 2.34, but it has been fixed.

The Endeavour space crew made a safe and successful docking at the International Space Station led by mission commander Mark Kelly. The two day flight began with an emotional launch with Kelly's wife Rep. Gabrielle Giffords in attendance.

LinkedIn is due to sell some $341 million of shares to the public later on Wednesday, and the intense demand for the stock so far could be a good indicator of how investors will receive IPOs from other social media companies like Facebook.

Today, a jury has begun deliberations in the trial of two New York City police officers accused in the rape of a drunken woman after they were called to escort her home.

Trade judges on Wednesday partially overturned a ruling that had accused EU states of giving Airbus illegal subsidies, but said the aircraft maker did receive billions of dollars of unfair aid that harmed Boeing.

Shoppers are spending cautiously because of higher food and gas prices, results reported on Wednesday by Target Corp and BJ's Wholesale Club Inc showed.

A New York City minister pleads guilty in threatening Buffalo developer Paladino.

Next Issue Media, a joint venture in digital publishing, finally unveiled its digital newsstand, albeit an early edition of a product that the company has yet to complete. The newsstand is expected to launch Wednesday as a preview on Samsung’s Galaxy Tab from Verizon Wireless. The Galaxy Tab uses Google’s Android mobile operating system.

A rebound in commodity prices lifted energy and materials shares on Wednesday, while strong earnings from Dell Inc helped the technology sector as Wall Street found some respite from its recent slide.

The math's been done, and it seems very likely that Maria Shriver and Mildred Patricia Baena were pregnant with Arnold Schwarzenegger's babies at the same time.

With business networking site LinkedIn going public on May 19, investors have claimed that the company's plan to sell in the range of $43 - $45 per share is overpriced.