IBT Staff Reporter

House Budget Committee Chairman Paul Ryan's proposal to change Medicare for those under age 55 is nothing short of a complete reconceptualization of the health insurance program, says a University of Illinois elder law expert.

Including warning labels on unhealthy foods would be a better option than a fat tax for deterring overweight people from making unhealthy purchases, a new University of Alberta study has found.

Support pours in for anti-corruption crusader Anna Hazare from across India, an online projection of which is seen on social media platforms like Twitter, Facebook and YouTube.

Taiwan smartphone maker HTC Corp said first-quarter profit almost tripled, beating forecasts, driven by strong demand for its handsets, particularly those running on the Android operating system

Stock index futures pointed to a higher open on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.3-0.4 percent.

Online travel agent Expedia Inc. (NASDAQ: EXPE) proposes to split into two publicly traded companies: TripAdvisor and Expedia.

Many of the world's fast-growing urban areas, especially in developing countries, will likely suffer disproportionately from the impacts of changing climate, a new study said.

Online retailers across segments are reporting a surge in sales every time a customer 'likes' a brand or talks of making a purchase.

The Department of Homeland Security will use Facebook, Twitter to send terror alerts to the public.

Sir Richard Branson's Virgin Galactic, LLC were the first planes to dock at Virgin America's new San Francisco International Airport terminal.

Although the social media has not yet exploded with the pictures and videos of the latest earthquake in Japan, a home footage of the April 7 quake has hit YouTube.

Oil climbed to its highest level in 2- years on Friday as supply cuts stemming from attacks on Libyan oil fields offset demand concerns spurred by a major aftershock in Japan.

The Chinese state news agency Xinhua has revealed pictures of an aircraft carrier Varyag, which is being built at a shipyard in Dalian, China.

Cerberus Capital Management LP and Centerbridge Capital Partners are among the bidders for Citigroup Inc's U.S. consumer-lending unit, Bloomberg News reported on Thursday, citing three people with knowledge of the matter.

President Barack Obama and congressional leaders failed to reach a deal to avert a government shutdown but narrowed their differences on Thursday in their struggle to overcome a bitter budget deadlock.

President Barack Obama and leaders in the U.S. Congress will attempt to reach a spending-cut deal that would avert a dangerous government shutdown at week's end.

After piloting the No. 2 U.S. bank through the financial crisis relatively unscathed, JPMorgan Chase & Co Chief Executive Officer Jamie Dimon is now being extremely well rewarded.

The IAEA confirms that an earthquake occurred in Japan at 14:32 UTC 7 April. The IAEA International Seismic Safety Centre has rated it as a 7.1 magnitude, revised from an initial 7.4 magnitude. The epicenter of the earthquake was 20 km from the Onagawa nuclear power plant and approximately 120 km from the Fukushima Daiichi and Daini nuclear power plants.

A 7.4-magnitude earthquake hit Japan at 11:32 p.m. local time on Thursday in the same area as the initial March 11 9.0-magnitude earthquake killing two people and injuring more than 100in the northeastern Japan

President Barack Obama and congressional leaders struggled on Thursday to overcome a bitter budget dispute and head off a government shutdown that would idle hundreds of thousands of workers.

Time Warner Cable and Viacom Inc on Thursday countersued each other in an escalating battle over whether cable companies have the right to distribute TV shows to devices like Apple Inc's iPad tablet.

Russian President Dmitry Medvedev on Thursday called on law enforcement agencies to look into a cyber attack that took his blog offline for at least an hour a day earlier.

Wells Fargo & Co said on Thursday it is shedding about 1,900 jobs, or less than 1 percent of its total workforce, as mortgage refinancings slow.

New claims for jobless benefits fell last week and retailers racked up much stronger-than-expected sales in March, signs that high fuel prices have not knocked the economy off its growth path.

The FCC's plan to nationalize data roaming has drawn a mixed review from wireless carries and industry associations.

The Republican-led U.S. House of Representatives on Thursday defied a White House veto threat and passed a bill by a vote of 247 to 181 that would keep the government running for another week -- on the condition of $12 billion in spending cuts.

President Barack Obama's warning that a government shutdown might prevent many Americans from obtaining a mortgage may be more of a negotiating tactic than reality.

With time running out, an ideological fight in the Congress over abortion and environmental issues threatened on Thursday to derail an agreement to avert a government shutdown.

Jamie Dimon, Chief Executive Officer of the second-largest U.S. bank by assets, saw his total compensation rise to $20.8 million in 2010, according to a regulatory filing by JPMorgan Chase & Co .