IBT Staff Reporter

After Ferrari unveiled their F160 last week, F1 teams Renault, Sauber and Lotus have also unveiled their new cars for 2011 season.

Mizuho Financial Group's profit shrank in October-December to less than half the preceding quarter's figure on smaller bond trading gains, underscoring the bleak outlook for growth at Japanese banks due to slack loan demand.

The company releases launch specs on its first 4G tablet.

Barnes & Noble's attempt to beat Amazon's Kindle resulted in Nook Color, the Rolls Royce of eReaders on which recently a developer ported the tablet specific Android 3.0 or Honeycomb.

Quoting observers of the Nobel Prize, an international news agency has reported that WikiLeaks founder Julian Assange may be one among the nominations this year.

Affluent women expect to be more active than their male counterparts in retirement, but they are also more worried about outliving their money, according to a Bank of America Merrill Lynch study.

Gold eased on Monday after posting its largest daily gain in eight weeks on Friday and while the market did encounter some safe-haven buying on the back of the unrest in Egypt, this was expected to be temporary.

Stock index futures were mixed on Monday, with investors in a cautious mood due to the Egyptian political upheaval. Investors are worried about the possibility the unrest could spread to other Arab nations, which could drive up oil prices and potentially dampen growth prospects.

A 53-year old Canadian singer has become the first student to graduate with a unique Masters degree in The Beatles from Liverpool Hope University.

Support is gaining ground in the euro zone for giving Greece more time to pay back its EU bailout to avoid default and ease the worst-indebted EU state's debt burden, although details still have to be pinned down.

BP's Russian partners in its joint venture with TNK tightened the screws on the British company to scrap or modify a rival tie-up with state oil group Rosneft by voting against a $1.8 billion dividend payout.

India's environment ministry approved on Monday South Korean POSCO's plans for a $12 billion steel mill, a boost for the foreign investment climate in Asia's third-largest economy after several setbacks for big ticket industrial projects.

Honda Motor Co is on track for its strongest earnings in three years after raising its outlook above market expectations thanks to a recovery in the United States, where improving profitability is countering a strong yen and sliding Japanese sales.

European banks' total exposure to turmoil-ridden Egypt stands at around $40.3 billion, with banks in France and the United Kingdom being at greatest risk.

Sweeping two major honors at the Screen Actor's Guild (SAG) awards, The King's Speech is quickly emerging as a force to reckon with for The Social Network and other best movie contenders at the Oscars.

Apple co-founder Steve Wozniak has confirmed the speculations that the repeated delays of the white version of the iPhone 4 was indeed due to light leakage problems in connection with the phone's camera.

Japan's Toshiba Corp more than doubled its quarterly operating profit on booming sales of NAND flash memory chips and robust demand for LCD panels used in smartphones and tablets.

For pick pockets here's a dare, London's luxury goods firm Dunhill has launched a virtually indestructible biometric wallet, that no one can steal and if by chance they steal, they can't open.

India's environment ministry approved on Monday South Korean POSCO's plans for a $12 billion steel mill, a boost for the foreign investment climate after several setbacks for big ticket industrial projects.

Netflix is set for integration with social networking site.

Mizuho Financial Group's October-December profit shrunk to less than half the previous quarter on smaller bond trading gains, underscoring the bleak outlook for growth at Japanese banks due to slack loan demand.

The founder of U.S. hedge fund firm Barai Capital Management has been drawn into the government's insider trading probe that involves expert network firms, the Wall Street Journal said, citing people familiar with the matter.

Japanese PC memory maker Elpida Memory <6665.T> will buy all the DRAM chips made by Taiwan's Powerchip <5346.TWO> as it looks for alliances to bolster its competitiveness in a market torn by oversupply and depressed prices.

The Iran-based Islamic World Science Citation Center has launched a new classification system for Islamic universities, which in its first phase has been used to rank institutions in Iran.

Global shares continued to slide on Monday, while Europe's benchmark Brent crude was just short of $100 a barrel on fears political unrest in Egypt could spread among regional oil-producing nations.

Mizuho Financial Group's net profit doubled in the October-December quarter, helped by lower credit costs, and it kept its full-year profit outlook unchanged.

Honda Motor Co raised its annual profit outlook above market expectations as a recovery in the key U.S. market helps counter the strong yen and sliding Japanese sales, which weighed on third-quarter earnings.

Toshiba Corp posted 37.46 billion yen ($456.3 million) in operating profit for October-December, compared with 14.49 billion yen in the same period the previous year, on healthy sales of NAND flash memory used in smartphones and tablet computers.

Japan's Toshiba Corp's quarterly profit more than doubled, driven by a boom in sales of NAND flash memory chips and liquid-crystal displays used in tablets and smartphones but it stuck with its full-year outlook.