IBT Staff Reporter

The owners of a California Web site that sold Beatles songs for 25 cents each before they went on sale legally through iTunes have agreed to pay the band's EMI Group label $950,000 to settle a copyright infringement lawsuit, court papers showed on Monday.

A U.S. court has ruled against Kuwaiti logistics company Agility on a key point of law, dealing a blow to the company's fight against charges it defrauded the U.S. Army in multibillion-dollar contracts.

Opponents of a U.S. government crackdown on debit card processing fees called for delaying its implementation on Tuesday, with one top MasterCard executive equating the proposal with creeping socialism.

Former eBay Inc Chief Executive Meg Whitman will join leading Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers, a source close to her said on Tuesday.

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

Former eBay Inc Chief Executive Meg Whitman will join leading Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers, a source close to her said on Tuesday.

Amazon's new service won't save the music industry, analysts say.

Crude oil prices rose on Tuesday in technical, thin trading and lifted by stronger equities and lowered expectations about a quick return of Libya's oil exporting capabilities.

Twitter co-founder Jack Dorsey, who returned this week to the company after a two-year absence, wants to make the microblogging site more approachable to the masses, he said on Tuesday.

U.S. Sen. Charles Schumer D-NY urged House Republicans on Tuesday to abandon Tea Party demands for higher budget cuts and strike a compromise with Democrats that will prevent a federal government shutdown on April 8.

IDC says Windows Phone 7 will be in second place by 2015.

Toys 'R' Us has agreed to pay a $1.3 million penalty for violating a 1998 order that barred it from pushing suppliers to refuse to sell to competitors or from urging limits to those sales, the Federal Trade Commission said on Tuesday.

A new Amazon.com Inc service that lets customers store songs and play them on a variety of phones and computers is facing a backlash from the music industry that could ignite a legal battle.

Katy Perry announced that her newest music video for her single E.T. will debut on MTV on Thursday, March 31.

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.

NASA has released the first ever close-up images of Mercury today, as the first spacecraft to do a detailed survey of the planet in 35 years powered up its cameras.

The Amazon's terrible 2010 drought could mean the accelerated effect of global warming.

Strength in energy lifted U.S. stocks on Tuesday as investors concentrated on adding to winning positions as the quarter winds down, but uncertainty kept trading volume light.

Toyota Motor Corp <7203.T> told North American dealers to curtail orders of replacement parts to ensure an adequate supply due to overall disruptions in Japan.

Elizabeth Taylor sure knew how to love with passion. She also wasn't afraid to express it through love letters written to her first of many husbands, William Pawley.

The espionage turned fraud scandal that has dogged Renault for months took a new turn on Tuesday as French media aired secret recordings of one of the automaker's executives begging its former security boss to help it get out of this mess.

First-day sales for the 3DS have topped those of all other Nintendo consoles, the company said

The popular browser is officially available on Android devices.

Colorful, outspoken Hollywood blogger Perez Hilton has authored a children's book titled The Boy With Pink Hair that is meant to celebrate individuality, his publisher said on Tuesday.

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.

General Electric Co reached a $3.2 billion cash deal to acquire a French maker of high-efficiency motors used in the oil and gas sector, pouring more money into its most profitable division.

Standard & Poor's downgraded Greece and Portugal on Tuesday, citing risks that the countries' debts to a new European bailout fund would be repaid before bond investors, sending their borrowing costs sharply higher.

U.S. lenders would have to offer mortgages with at least a 20 percent down payment if they want to repackage the loan to sell to other investors without keeping some of the risk on their books, according to a proposal U.S. bank regulators endorsed on Tuesday.

U.S. Supreme Court justices sharply questioned on Tuesday whether more than a million female employees can join together against Wal-Mart Stores Inc in the largest class-action sex-discrimination lawsuit in history.