IBT Staff Reporter

Google's Android platform rose to a dominant position in the smartphone market in the first quarter, research firm Canalys said on Wednesday, increasing its lead over struggling Nokia.

Intel Corp introduced a manufacturing process that crams more transistors onto silicon chips, a technology that will help it catch up in the red-hot tablet and smartphone market, the chipmaker said on Wednesday.

Glencore Chief Executive Ivan Glasenberg could be worth $10 billion after the commodities trader makes its debut later this month in a record public offering valuing the commodities group at some $60 billion.

U.S. stocks fell on Wednesday as investors took profits in energy and other top-performing sectors for a third day, casting doubt on how much longer the market's rally may continue.

The jury weighing the fate of hedge fund manager Raj Rajaratnam began deliberations anew on Wednesday after a juror was excused from the high-profile insider trading trial for medical reasons and replaced.

Sony Corp waited two days after discovering data was stolen from its video game network before contacting law enforcement and did not meet with FBI officials until five days later.

Less than 24 hours after President Obama’s announcement of the Al Qaeda leader’s death, Google had marked down his compound in Abbottabad, Pakistan on their maps and thousands have since written ‘reviews’ for what Google named “Osama Bin Laden’s Hideout Compound.”

IntercontinentalExchange Inc CEO Jeffrey Sprecher said on Wednesday NYSE Euronext's directors have effectively handed over the fate of the Big Board to its shareholders.

Portugal's banks will get up to 12 billion euros ($17.8 billion) to recapitalize under a rescue plan, enabling them to rebuild their balance sheet strength gradually, an official source said.

U.S. private employers added 179,000 jobs in April, coming in shy of economists' expectations, a report by a payrolls processor showed on Wednesday.

Goldman Sachs Group Inc has just a few more months to put its stamp on the Volcker rule, and it is not wasting any time.

NEW YORK AOL Inc is beginning to shows progress in display advertising revenue.

Private equity firm KKR posted higher-than-expected quarterly earnings as the value of its private equity investments rose 6.5 percent and fee income increased, the company said on Wednesday.

NASA, European Space Agency test out some Mars space gear in Antarctica and Spain respectively.

Private employers added 179,000 jobs in April, while payrolls for March were revised up modestly, a report by a payrolls processor showed on Wednesday.

US President Barack Obama's approval ratings have surged by nine points following the death of Osama Bin Laden, according to The Washington Post/Pew Research Center and USA Today/Gallup Poll.

The raging debate over whether the death photos of Osama bin Laden should be released or not to quell rumors has unknowingly only managed to strengthen the voice of conspiracy theorists.

Time Warner Inc posted better-than-expected quarterly results on Wednesday, with revenue rising 6 percent alongside a surge in advertising sales at its cable TV networks.

Jennifer Aniston puts home on the market for $42 million

The jury weighing the fate of hedge fund manager Raj Rajaratnam began deliberations anew on Wednesday after a juror was excused for medical reasons and replaced by an alternate in the high-profile insider trading case.

Pittsburgh Steelers halfback Rashard Mendenhall remained a target of sharp criticism by Twitter users on Tuesday after he posted a message questioning whether news that al Qaeda leader Osama bin Laden was killed should be cheered.

U.S. stocks were poised to open little changed on Wednesday as investors weighed a fresh round of proposed acquisitions against a weaker-than-expected employment report.

Reporters discovered marijuana plants growing just outside Osama bin Laden’s million-dollar mansion in Abbottabad, northwestern Pakistan this week.

Kellogg Co reported a lower-than-expected quarterly profit, hurt by higher costs for ingredients and more spending on advertising, sending its shares down 1.6 percent on Wednesday.

U.S. stocks fell on Wednesday as disappointing economic data overshadowed enthusiasm over new merger activity.

Once the Royal Wedding between Prince William and Kate Middleton was over with, much of the attention shifted to Kate's sister, Pippa Middleton.

The jury in Galleon Group hedge fund founder Raj Rajaratnam's insider trading trial will have to start deliberations again after one juror was dismissed from the case for medical reasons, the presiding judge said on Wednesday.

New research says Apple's app store is going to be king of the app market mountain for quite some time.

Gold sat tight as Silver Prices sank once more in London trade on Wednesday morning, holding above last night's 2-session low of $1528 per ounce while silver dropped to new 3-week lows, flirting with the technical definition of bear market.