IBT Staff Reporter

DLA Piper is all set to emerge as the largest law firm in the world in terms of revenues and the number of lawyers, after it merges with its Australian partner DLA Phillips Fox.

United Parcel Service, the world's largest package delivery company, reported a quarterly profit that beat estimates and forecast record-high profits in 2011, sending its shares up more than 4 percent.

BP, which announced it would pay dividends on its stock this morning, won't be able to this month due to a move by the Alfa-Access-Renova consortium

U.S. construction spending unexpectedly fell in December to touch its lowest level in nearly 10-1/2 years as investment in both public and private projects declined, suggesting the sector would continue to struggle this year as federal stimulus spending tapers off.

A big blizzard making its way through the central United States has significantly affected air travel, with nearly 8,000 flights having been cancelled on Tuesday and Wednesday.

Sony Computer Entertainment America has won a temporary restraining order (TRO) against hacker 'Geohot' who circumvented PlayStation 3 (PS3) hardware security measures to run unapproved code on the game console.

U.S. Factory activity rose in January, suggesting ongoing improvement in economic growth, according to the Institute for Supply Management.

France's Sanofi-Aventis may raise its bid for U.S. biotech Genzyme Corp to about $76 or $77 per share, including a potential future payout based on the performance of an experimental drug, Bloomberg reported on Tuesday.

Howrey is reportedly mulling a tie-up with Chicago-based intellectual property (IP) specialist Winston & Strawn and the top bosses of the two law firms are in discussions whether a merger would make sense.

A Pakistani court on Tuesday ordered the government not to release an American official arrested in the killing of two Pakistanis who allegedly tried to rob him, despite U.S. insistence that he has diplomatic immunity and has been detained illegally.

A Florida woman, who has been charged with killing her two 'mouthy' teenage children, has been denied bail.

Florida-based asbestos litigation law firm Kelley & Ferraro LLP has filed for Chapter 11 bankruptcy seeking reprieve from an Ohio appeals court's ruling that the law firm must be dissolved as part of an agreement with the firm's deceased partner and co-founder Michael Kelley.

Carmakers are making a strong start to 2011, soothing concerns about slower demand growth in the Asian markets that drove sales last year and a bumpy recovery in western markets.

Business news and financial data provider Thomson Reuters is strengthening its legal process outsourcing (LPO) unit, Pangea3, by hiring full-time, temporary, and experienced contract attorneys for its new facility in Michigan.

American Bar Association (ABA) president Stephen N. Zack wants the Bar Council of India (BCI) to maintain the status quo while it debates on whether it should allow foreign law firms to set up offices in the country.

The bull market in Gold is in its 12th year (globally it began in 1999) but has yet to exhibit any bubble-like conditions. Institutional accumulation began in 2009 (e.g. Paulson, Einhorn) and we know that phase lasts at least a few years before a bull market gives birth to a bubble.

U.S. stocks rose on Tuesday as investors shifted focus to strong earnings and manufacturing data and less on the turmoil in the Middle East.

A new law in New Jersey allows gamblers to invest in horse racing options when they visit tracks at the Meadowlands and Monmouth Park, among others.

Stocks rose on Tuesday as solid manufacturing data in the United States and Europe helped investors turn their attention away from the turmoil in the Middle East to hopes that a global economic recovery was on track.

Increased data usage poses concerns for Windows Phone 7 users with tired data plans.

Snow may covered roads and driveways, but it's melted away budgets.

Energizer Holdings Inc posted weaker-than-expected quarterly profit, weighed down by heavy spending to promote its new Schick Hydro razor, and offered a bleak full-year outlook, sending its shares down 14 percent in premarket trading.

A Major blizzard is expected to hit at least nine Midwest and plain states on Tuesday and Wednesday with a potential of one to two feet of snow, National Weather Service reports.

A new iPhone app is opening up Kentucky's art scene to the public by bringing thousands of works of art in small American communities to a wider audience.

Stocks were poised for a higher open on Tuesday as solid manufacturing data in Europe helped investors refocus attentions from the maelstrom in the Middle East to hopes that a global economic recovery was on track.

Fashion model Shannan Click has been trying to sell her Sunset Strip-area in Los Angeles on and off since 2009 and has currently listed it for $1,995,000.

Job growth still slow despite upward earnings, GDP growth

Gap Inc said the executive who oversaw its failed attempt to update its logo last fall and disappointing sales at its namesake North American stores in December is leaving the company.

BP, despite its announcement to pay a dividend once again, has seen its shares drop in early morning trading.