IBT Staff Reporter

She did it before the magazine hits the stands

The ambitious project of installing 1 million electric vehicles on American highways by 2015 is ambitious and also achievable based on steps already taken as part of the Recovery Act and additional policy initiatives proposed by President Obama, the US Department of Energy said in a statement today.

World stocks fell from this week's 29-month high on Wednesday as China's interest rate rise prompted investors to book profits, while general optimism over global growth sent 10-year U.S. bond yields to nine-month highs.

Social networking site Facebook on Tuesday opened shop in Hong Kong to expand its presence in Asia notwithstanding its ban in mainland China.

Universal Pictures too has another evil queen in Charlize Theron

After the embarrassing fumble at the Super Bowl, Christina Aguilera is getting a shot at redemption with a minor league baseball team inviting her to sing the National Anthem at MCU Park this summer.

Results of a national survey indicate the growing stress on two-year colleges in the face of repeated budget cuts and steadily rising demands from a population grappling with unaffordable costs of a four-year college degree.

The Central Bureau of Investigation (CBI) arrested the vice chairman of a joint venture between a local firm and Abu Dhabi's Etisalat in connection to a massive telecoms scandal that has crippled the government.

Toyota Motor Corp shares soared on Wednesday after a U.S. government report gave its cars a clean bill of health and a better-than-expected profit outlook helped the world's largest automaker put a dismal year behind it.

Google-owned YouTube is now facing a potential threat from Twitter media sharing site, TwitPic, as the startup on Tuesday announced the launch of video support.

Morgan Stanley may turn its remaining proprietary trading group into an electronic client trading business, according to the Wall Street Journal.

Government regulations allow entry of foreign players in the solar panel manufacturing market in India only if they set up local facilities in joint ventures with domestic manufacturers.

Securities regulators on Wednesday will move to scale back markets' reliance on credit rating agencies, after the financial crisis laid bare the industry's shortcomings.

Asian shares fell on Wednesday after China's latest interest rate rise, but government bond yields rose and the dollar and Swiss franc eased as investors bet Beijing's policy tightening would not derail hopes of a sustained economic recovery.

General Motors Co may pay its U.S. hourly workers at least $3,000 each as a share in profit, after the automaker returned to profitability in 2010, the Wall Street Journal said, citing people familiar with the matter.

U.S. FDA says certain patients receiving the new Revo MRI SureScan Pacing System can safely have an MRI exam.

The US Food and Drug Administration FDA on Tuesday approved the first pacemaker system -- produced by medical device giant Medtronic Inc and designed to be used safely during certain magnetic resonance imaging (MRI) exams.

Wall Street will look to see if three is a charm for Coca-Cola's North American sales when the world's top soft drink maker posts earnings on Wednesday.

The Federal Communications Commission will launch an initiative on Wednesday to spur broadband deployment by reducing regulatory barriers.

Wells Fargo & Co's chief financial officer will retire after taking nearly a half year of unpaid leave and will be replaced by the bank's administrative chief.

US top military officials on Tuesday unveiled the National Military Strategy, the first revision since 2004 and calls for redefining leadership in a changing world.

Facebook, the world's largest social-networking site, will open a sales office in Hong Kong, in a move to tap the region's booming Internet scene, local media reported on Wednesday.

Shares in Asian developed markets rose and the dollar and Swiss franc eased on Wednesday as investors bet that China's latest interest rate rise would not derail hopes of a sustained economic recovery.

Harry & David Holdings Inc, the mail-order food company known for its fruit baskets and Moose Munch snacks, said on Tuesday it may go out of business unless it can agree with creditors on a plan to restructure its debt.

A government probe cleared Toyota Motor Corp's electronics of causing unintended acceleration, a big victory for the world's top automaker as it seeks to recover from the hit it took over runaway vehicle accidents.

Walt Disney Co reported stronger quarterly profit and revenue, aided by a hefty rise in advertising sales at its ESPN cable sports channels and a strong showing from its parks and resorts division.

After years of asking investors for patience, exchange operator NYSE Euronext says 2011 will be the year that things finally come together.

U.S. communications regulators proposed new rules on Tuesday that they say will help bring broadband to all of rural America.

Health regulators are seeking to speed up their reviews of promising medical devices and boost research for new technologies in hopes of getting novel products to market faster.