IBT Staff Reporter

The man in charge of Canada's largest chain of newspapers, Paul Godfrey, is reshaping his titles for the digital age in a cost-cutting drive that will bring extensive retraining and more job cuts.

IntercontinentalExchange Inc and Nasdaq OMX have no reason to boost their takeover bid for the New York Stock Exchange parent company because their joint offer is already superior, ICE's chief executive said on Tuesday.

Germany's BASF SE has no plans to buy global biotech seed company Monsanto Co , sources with knowledge of the situation said on Tuesday.

The Guardian is reporting that John Lennon's widow, Yoko Ono, has agreed to help compile a collection of Lennon's letters, postcards and doodles to be published in October 2012.

Space shuttles will head to Washington, Los Angeles, New York and Orlando.

Available this summer via T-Mobile, the Sensation 4G is HTC newest follow-up to hyper-powerful phones like the Thunderbolt and Inspire 4G

Earthquake and tsunamis could not keep Versace from Japan.After some delays due to the natural disasters, Versace will proceed with plans to open stores in Japan and add to its Asian income stream. The company already derives 30 percent of its income from China.

The Huffington Post unfairly pocketed more than $100 million from its unpaid bloggers when AOL Inc bought it in February, a lawsuit against the influential news website said on Tuesday.

IPhone maker Foxconn Technology Group is considering investing $12 billion in Brazil, a move that could benefit clients such as Apple Inc looking to break into the world's No. 8 economy.

Cisco Systems Inc will ditch its Flip video camera division as it overhauls its troubled consumer business, following chief John Chambers' recent admission that the company had lost its way.

Senators John Kerry and John McCain introduced a tough new privacy bill on Tuesday that would require companies to give clear notice when consumers' data is being collected and to keep it safe from hackers.

Energy companies, airlines and other end-users would be mostly exempt from having to put up costly collateral when using uncleared swaps to hedge their business risks, under a proposal issued by U.S. bank regulators on Tuesday.

NEW YORK (Reuters Life!) - Worried about how many calories you are going to consume in that slice of pizza, chocolate cake or bag of fries? A new iPhone application may help.

A leading corporate governance body has urged shareholders in Barclays to oppose executive pay at the bank, calling its disclosure opaque and its design overly complex.

BP's planned $18 billion tie-up with Russia's Rosneft was looking even more uncertain after chief backer Igor Sechin stood down as Rosneft chairman, and sources said BP faced a new legal challenge.

The sentencing of a blogger to jail for criticizing Egypt's army has drawn a chorus of objections from rights groups, who say the country's ruling military council is drawing red lines around free speech.

Walker Digital, a research and development laboratory for technology patents, filed 15 lawsuits on Tuesday against more than 100 companies including Apple, Microsoft, eBay, Amazon and Google for unauthorized use of its intellectual property rights.

Stock indexes dropped 1 percent on Tuesday, hit by a sharp fall in oil prices and after Alcoa's lighter-than-expected revenue started the earnings season on a dour note.

The departure of Renault's number two executive over a spying-turned-fraud debacle heaps pressure on Chief Executive Carlos Ghosn when the carmaker is trying to win investor support for its growth plans.

The European Central Bank's interest rates are very low and a scaling down of its support measures is warranted, a senior ECB policymaker said on Tuesday but another played down the risk from inflation.

Mitt Romney has started officially testing the waters for a presidential run in a state known for its independent voters and where he narrowly lost a presidential Republican primary four years ago.

Stock indexes slid 1 percent on Tuesday as oil prices sank and Alcoa's leaner-than-expected revenue started the earnings season on a disappointing note.

EBay Inc will buy most of the stake it does not already own in a Turkish auction website, in its latest move to strengthen its main marketplaces business.

Allied Irish Banks aimed to put the collective madness of a homegrown property bubble behind it on Tuesday with a jaw-dropping annual loss of 10.4 billion euros and a plan to axe over 2,000 jobs.

BP's planned $18 billion share swap and Arctic exploration agreement with Russia's Rosneft was cast further into doubt on Tuesday after its chief backer Igor Sechin stood down as Rosneft chairman and sources said BP faced a new legal challenge.

People.com is reporting that Tori Spelling and Dean McDermott plan on keeping the sex of their baby a surprise.

The recession and high gasoline prices offer the U.S. automotive industry a chance to reinvent itself as consumers inch toward acceptance of alternatives to the internal combustion engine, a top venture capitalist said on Tuesday.

VeriFone Systems Inc, the largest U.S. maker of payment terminals, expects to ship well over 1 million 'near-field communications' -enabled systems this year, underlining growing momentum for a technology that allows shoppers to buy with little more than a wave of a smartphone.

U.S. import prices rose more than expected in March to post their largest increase in more than 1-1/2 years, driven by a surge in imported petroleum costs and higher food prices, a government report showed on Tuesday.