IBT Staff Reporter

Flip Video, which Cisco purchased in 2009, is getting the axe as the company announces it is shifting focus back to its home networking business.

The European Central Bank's interest rates are very low and its monetary policy stance has become more accommodative than at the peak of the financial crisis, ECB policymaker Juergen Stark said on Tuesday.

Shares of Microsoft's Bing search engine are up to 30 percent.

Intel Corp. has announced that its tablet specific Atom Z670 processor which brings in improved battery performance and enhanced video capabilities is now available.

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.

Rumors were circulating the Internet Monday that Victoria and David Beckham plan to name their soon-to-be born daughter Santa.

Nokia announced Tuesday a pair of new smartphones as well as an update to its Symbian operating system as the company looks to soothe fears that its recent deal with Microsoft will cannibalize its own product offerings.

Tori Spelling used Twitter to announce that she and her husband Dean McDermott are pregnant with her third child.

Second seed Roger Federer progressed to the third round of the Monte Carlo Masters after mauling Philipp Kohlschreiber 6-2 6-1.

Taiwanese smartphone maker HTC unveiled on Tuesday a new handset model that offers a library of movies and TV shows via a wide screen that will be available on the Vodafone network.

British inflation eased in March for the first time since last summer as grocers cut food prices, reducing the chance of a Bank of England rate hike in May and giving it leeway to support the still shaky economy.

Group of 20 finance ministers and central bankers meeting in Washington later this week are expected to reach an agreement on guidelines to identify global economic imbalances, French government sources said on Tuesday.

U.S. stocks fell on Tuesday after a disappointing revenue miss from Alcoa to start off the earnings season and a sell-off in commodities, coupled with Japan's upgrade of the severity of its nuclear crisis.

Wholesale Gold Bars slipped to a 3-session low in London trade on Tuesday, finally bouncing higher from $1455 per ounce - some 1.5% below yesterday's new Dollar high - as world stock markets fell and major-economy government bonds rose.

Nokia unveiled on Tuesday two new smartphone models running on improved Symbian software, a stop-gap measure aimed at stemming customer defections to rivals like Apple.

There will be quite a few anxious faces as Manchester United host Chelsea in the second leg of the Champions League quarterfinals, with an aggregate lead of 1-0 over their London rivals.

President Barack Obama's strongest supporters in the United States are at the lowest level of his presidency yet and support from liberals is also sharply down from earlier this month, according to a daily presidential tracking poll.

The hacker George Hotz, who settled with Sony after the company sued him for modifying his PlayStation 3 console, is getting a lot of flak from other hackers for not taking the fight further.

Wall Street was poised for a lower open on Tuesday in the wake of a disappointing revenue miss from Alcoa and Japan's upgrade of the severity of its nuclear crisis.

Amazon has dropped the price of its popular e-book reader by $25 to $114, a signal that the company is moving towards a $99 version.

Banks need to do more to shift away from a culture of risk and the excessive pay structures that prevailed before the financial crisis, an industry report said.

Controversy has come up with Kim Kardashian's latest magazine cover.

Sky-high oil prices are beginning to dent oil demand growth, the International Energy Agency said on Tuesday, but added prices could ultimately moderate through a global economic slowdown.

Requiring systemically important banks to hold extra capital is one of many steps regulators must take to make the global financial system safer, a top Wall Street regulator reiterated on Tuesday.

The Obama Administration is trying to balance keeping spending up in certain areas while cutting federal deficits and may be open to striking a deal with Republicans to raise the debt ceiling above its current $14.3 trillion levels.

Chelsea midfielder Frank Lampard said Champions League success is what owner Roman Abramovich deserves after transforming the club to a world powerhouse.

Stocks index futures fell on Tuesday in the wake of a disappointing revenue miss from Alcoa and Japan's upgrade of the severity of its nuclear crisis.

Stocks index futures fell on Tuesday in the wake of a disappointing revenue miss from Alcoa and Japan's upgrade of the severity of its nuclear crisis.

In order to take on Apple's slimmer and lighter iPad 2 Amazon announced the launch of a cheaper Kindle which lends its screen space to advertisers and sponsors.