IBT Staff Reporter

Remember Webvan? The online grocer, whose initial public offering in March 2000 was among the most hotly anticipated during the dot-com boom, is now viewed as one of the greatest disasters of the era.

Internet telephone service Skype said it acquired mobile video company Qik for an undisclosed amount.

A federal judge in New York has okayed a class action lawsuit that accuses Leucadia National Corp., a financial services firm, the debt-collection law firm Mel S. Harris & Associates, and a Brooklyn-based process serving agency Samserv Inc., of a racketeering scheme that allowed them to fraudulently secure default judgments in New York courts against unwitting consumers around the country.

Apple's skipping the CES party but that does not stop it from creating waves, while competitors are launching tablets and phones, Apple has softly opened its much awaited Mac App Store.

Record high food prices are moving to the top of policymaker agendas, driven by fears it could stoke inflation, protectionism and unrest and dent consumer demand in key emerging economies.

Exxon Mobil Corp's chief executive officer disputed findings from a White House commission that lax industry practices were to blame for last year's massive BP oil spill.

If statistics is your thing – whether for scholarly work, trivial pursuit, or just to impress a date – you may want to look into the latest edition of the U.S. government’s best-selling reference book: the Census Bureau’s Statistical Abstract of the United States: 2011.

Technology research firm Gartner projected a 5.1 percent rise in global spending on technology in 2011, up from its prior estimate of a 3.5 percent rise, helped by the dollar’s recent weakness.

Many top U.S. retailers reported disappointing December sales as consumers who shopped right after Thanksgiving would only spend again on big bargains and were set to stay frugal in 2011.

U.S. Treasury Secretary Timothy Geithner on Thursday stepped up pressure on Republican lawmakers to raise the nation's $14.3 trillion debt limit, warning failure to act would lead to an economic catastrophe.

In this piece, we will examine four of gold's most important rules; the irreversible trends affecting the gold price; and how the consequences of these trends will push gold higher in 2011 and beyond.

A new study has found no significant link between cosmic collisions and growth of black holes for at least the past eight billion years, meaning other, less dramatic phenomena are responsible.

Could it be time to talk in the long-running saga of Sanofi-Aventis SA's $18.5 billion bid for Genzyme Corp ? There is certainly the opportunity.

GameStop Corp's sales during the holiday season topped last year's, as new products like Microsoft's Kinect motion controller revived customers' spending in its stores.

New claims for jobless benefits moved higher last week, but a decline in the four-week average to a nearly 2-1/2 year low indicated a trend toward better labor market conditions remained intact.

The number of people claiming unemployment benefits rose during the week ending Jan. 1, according to a report by the U.S. Labor Department.

New U.S. claims for unemployment benefits rose more than expected last week, but a decline in the four-week average to a fresh low in more than two years indicated the labor market improvement remained intact.

Many top U.S. retailers reported disappointing December sales as consumers who shopped right after Thanksgiving would only spend again on big bargains and were set to stay frugal in 2011.

While Microsoft slugs-it-out in the CES arena, Google won temporary relief in its cloud-war against Microsoft as it restricted the U.S. Interior department from handing a $59 million contract to Microsoft.

The Canada Summer Jobs Program has received an additional $10 million this year from the federal government and is likely to pay for 3500 more jobs

America’s No 2 mobile service provider AT&T Inc will cut the price of older iPhone 3GS model by half to $49 from $99 from January 7 even as it is widely expected to lose its exclusive US rights to sell Apple Inc smart phones.

GameStop Corp's same-store sales during the holiday shopping season rose a less-than-expected 3.4 percent, sending its shares lower on Thursday.

Microsoft's move to make its Windows software compatible with chips designed by ARM throws open computer markets previously dominated by Intel.

Justin Bieber is insisting on the inclusion of Cheryl Cole on the show, Glee, with him

'The Monster of Florence' movie is based on the life of a serial killer and how Clooney’s character investigates and tries to prove the innocence of the convicted man

Hackers released a code that makes it easy for people to run homemade games, other operating systems or even pirated games on the PS3 console, previously considered the most secure.

Shares in BP and Transoceanrose on Thursday as investors bet a new Presidential panel report that spreads the blame for the country's worst-ever oil spill means the companies will avoid a highly costly gross negligence charge.

Corporate interest in Research in Motion's new tablet was massive, the company said, as it announced plans to launch a 4G version of the device this summer with Sprint Nextel.

Interest in Facebook shares is so strong that Goldman Sachs Group Inc plans to stop soliciting interest from potential investors on Thursday, the Wall Street Journal reported, citing people familiar with the situation.