IBT Staff Reporter

Brent crude dropped for a third day, dipping toward $112 on Wednesday after reassurances from OPEC members of ample spare capacity eased anxiety about production losses from Libya, the world's 12th-largest oil exporter.

Surging oil prices are deepening a split inside the Federal Reserve, blurring the likely direction of monetary policy and making next week's policy meeting all the more contentious.

Google on Tuesday released a new stable version of its Chrome web browser, which the company said is speedier, simpler and safer.

Oil prices slipped on Tuesday, with Brent falling nearly 2 percent, after Kuwait's oil minister said OPEC was considering a production boost as war-torn Libya's output remained disrupted and the region's unrest fueled concerns about more supplies being cut off.

Oil prices fell for a second day on Wednesday as OPEC considered raising production, pushing up Asian stocks although investors remained on edge because of the turmoil in the Middle East.

The trustee seeking money for investors hurt by Bernard Madoff's Ponzi scheme said he hopes to begin distributing money in the near future but that lawsuits challenging his efforts are causing delays.

Boeing Co sealed deals worth $10 billion with two airlines in China, the world's fastest growing market, which is likely to buy more than 2,000 aircraft over the next five years.

International Lease Finance Corp, the world's biggest aircraft leasing company, said on Tuesday it will order 100 narrowbody planes from EADS unit Airbus and 33 narrowbodies from Boeing Co , and scrap an order for 10 Airbus A380 super jumbo aircraft.

Project Veritas has released a video showing a National Public Radio executive describing the Tea Party as being racist and xenophobic.

If you think Charlie Sheen has been winning media attention these past few weeks, you'd be right.

Arsenal striker Robin van Persie has branded referee Massimo Busacca as a joke after receiving a controversial red card his side's 3-1 defeat to Barcelona at the Nou Camp.

In the second-leg fixtures of the Champions League last-16 round, Barcelona and Shakhtar Donetsk qualified for the quarter-finals of the competition at the expense of Arsenal and AS Roma.

U.S. retail gasoline demand fell last week after high gasoline prices dampened demand in all U.S. regions, MasterCard Advisors' SpendingPulse report showed on Tuesday.

Bank of America Corp said it expects to be able to churn out pretax earnings of up to $40 billion annually within a few years after it clears up mortgage-related problems at the center of losses since 2008.

The biggest U.S. insider trading case in decades was expected to head into opening statements on Wednesday in a court showdown between prosecutors and lawyers for Galleon hedge fund founder Raj Rajaratnam.

In a game marred by controversy, but not short of quality, Barcelona became the first team to qualify for the quarter-finals of the UEFA Champions League with 3-1 win (4-3 on aggregate) against ten-man Arsenal at the Nou Camp.

BP Plc's Chief Executive Robert Dudley issued an industry-wide apology for the worst offshore spill in U.S. history at a high-profile energy conference on Tuesday.

Google funds a digitized tribute to one of democracy's greatest leaders.

Billionaire hedge-fund manager Carl Icahn is returning capital to outside investors, marking the end of an era as he joins other prominent stock pickers who no longer want the headaches of handling other people's money.

Most influential Car Designers ever in the world

Warner Bros is making some of its films available on Facebook, opening up a new revenue source for the Internet social network and signaling new competition for online entertainment companies.

Corrects potential value of Boeing order to $2.67 billion from $2.13 billion in paragraph 13

Some app developers are expressing discontent with the way Google operates the Android Market for apps, and at least one has decided to call out Google in public.

Toyota Motor Corp <7203.T> aims to lift its group operating profit to more than 1 trillion yen ($12.16 billion) in two to three years by strengthening its ability to overcome a stronger yen and stepping up cost-reduction efforts, the Nikkei business daily reported.

A sharp rebound in mine exploration spending shows no sign of slowing this year, but miners seeking fresh supplies are keenly aware of risks and not every country with rich mineral deposits is a winner.

Young Britons have taken to a new television and social media trend which could have far-reaching consequences for the worlds of broadcasting and advertising, according to a new study.

NVIDIA's chief executive officer, Jen-Hsun Huang, said the company will focus on making its signature graphics processors more energy efficient with parallel architectures, with its innovation targeting the mobile computing sector.

Researchers say they have developed a technique to determine the authorship of anonymous emails, which often are gateways to cyber crime.

The operator of LimeWire, a once-popular file-sharing service shut down last year for copyright infringement, has settled a lawsuit brought by music publishers.