IBT Staff Reporter

Russian Internet investment group Digital Sky Technologies, an investor in social network company Facebook, has joined a group of investors funding hundreds of millions of dollars to 360buy.com, China's largest online retailer, the Financial Times reported.

After rain threatened to wash out play on the evening before the match, the sun is up and shinning at Mohali and the crunch World Cup semi-final clash between India and Pakistan is expected to start as scheduled, though there are chances of light showers in the evening.

Start the slideshow to go through celebrity witnesses in the high-profile Berlusconi sex case, including George Clooney, his Italian girlfriend Elisabetta Canalis and footballer Cristiano Ronaldo.

Few creditors of Lehman Brothers Holdings want the court to consider their alternate restructuring plan when the bankrupt investment bank's own proposal comes up for voting in June, court documents show.

Consumers turned gloomy in March as rising energy prices ignited fears of inflation, a change in mood that could dent global economic growth.

U.S. apparel brand Gap Inc opened an online store on China's biggest e-commerce platform Taobao on Wednesday, in an effort to lure savvy Chinese shoppers outside wealthy cities.

Lindsay Lohan is in the news again over one of her many legal problems. LiLo, may be frequent but not alone in celebrity mugshot hall of shame. Start slideshow to see photos of prominent celebrity mugshots:

Asian stocks rallied on Wednesday as investors snapped up riskier assets on attractive valuations, while Japanese exporters were helped by the yen's weakness on expectations of interest rate rises in Europe and the United States.

Australia's Qantas Airways plans to scale back some flights and cut management jobs to help offset soaring fuel prices and an estimated A$140 million ($144 million) hit to its earnings from a string of natural disasters in key markets.

A judge has been picked to serve as arbitrator in Charlie Sheen's war against Warner Bros. and Two and a Half Men co-creator Chuck Lorre.

The Federal Reserve will not meet an April 21 deadline for issuing a final rule cracking down on the fees banks charge merchants when a debit card is used, Fed Chairman Ben Bernanke said in a letter to U.S. lawmakers on Tuesday.

Online video rental company Netflix Inc has tweaked its Canadian streaming service to cut down on the amount of data it uses in a country where Internet usage is typically metered and capped.

Dramatic rooftop video from Japan's Kesennuma port shows a close-up view of powerful tsunami floods which completely devastated the town on March 11.

Pernod Ricard SA the world's No. 2 spirits maker, lost a U.S. appeals court ruling on Tuesday over the right to use the name Havana Club on rum sold in the U.S. market.

YouTube sensation Jacob Tucker, a 5’ 11’’ college basketball player whose flashy dunks have gotten more than 2 million views on the video site, will be going to the Final Four dunk contest in Houston.

Since the launch of the Apple's new iPad 2 on March 11 in the US, then March 25 in various more countries, it has been an incredible success. But the device isn't perfect. There are a number of drawbacks that potential buyers should know about before they purchase it impusively.

(Corrects in paragraph 2 description of Cubaexport to a Cuban state-owned company from a joint venture between the Paris-based spirits company and Cuba and explanation of the ruling to does not have the right to renew the trademark from does not have the right to sell Havana Club rum in the United States. Deletes that trademark expired. Corrects first bullet point)

A Wisconsin judge ordered state lawmakers on Tuesday to temporarily stop implementation about a controversial law that would restrict public employee bargaining rights.

Levi Strauss & Co agreed to pay more than $1 million in back wages for overtime to about 600 employees after the U.S. Department of Labor found that the jeans maker failed to record all the hours employees worked in its payroll system.

Google aims to give away thousands of websites to small Canadian businesses to encourage them to establish an online presence, the search engine's Canadian head said on Tuesday.

Disruption of the production and delivery of components used by the global technology sector continued to weigh, more than two weeks after a massive earthquake and tsunami devastated Japan.

Sen. Charles Schumer D-NY took to the Senate floor on Tuesday to press Republicans to compromise on the size of budget cuts they are seeking, while House Speaker John Boehner faulted Democrats by not passing any legislation that funds the federal government until the end of the fiscal year.

Australia's Qantas Airways plans to axe capacity and management jobs and retire some aircraft early under cost-cutting measures aimed at offsetting soaring fuel prices and the impact of natural disasters in Japan, New Zealand and Australia.

(Corrects quote from McWilton to creeping socialism from misheard frigging socialism)

Wal-Mart got a sympathetic hearing from several Supreme Court justices on Tuesday as the retailer sought to prevent female employees from bringing the largest class-action sex-discrimination lawsuit in history.

The economic recession that began in 2007 was uniformly damaging to U.S. states, sparing just one or two from its effects, but the recovery is promising to be uneven across the country.

AT&T Inc's $39 billion bid to buy Deutsche Telekom AG's T-Mobile USA came under scrutiny from New York's attorney general, who said he is looking into its possible anti-competitive impact.

A former portfolio manager at Raj Rajaratnam's Galleon Group described pressure at the hedge fund to get an edge in trading and said he gave inside tips from a Morgan Stanley investment banker to his boss.

The parts shortages and resulting production shutdowns caused by the Japanese earthquake and tsunami could cause the global auto industry to rethink how it sets up its supply lines, a top industry economist said on Tuesday.