IBT Staff Reporter

New orders received by factories unexpectedly rose in November, and orders excluding transportation recorded their largest gain in eight months, providing more signs the economic recovery was on sustainable path.

Lady Gaga recorded best-selling sales for almost all magazines when she appeared on their covers.

India’s third biggest software services company Wipro Ltd is building the nation’s fastest supercomputer for space agency Indian Space Research Organization (ISRO) to help the agency crunch large volumes of data that is critical for designing complex launch vehicles.

Dmitry ZhdannikovOil held near its highest prices in more than two years in volatile trade on Tuesday, due to accelerating manufacturing activity in developed economies and expectations that U.S. crude inventories will keep falling.

Skype's partner in China, TOM Group, said the Web-based calling service is complying with Chinese law, even as a crackdown on illegal Internet telephone providers could complicate Skype's operations in the country.

Google and Apple are slugging it out in the publishing domain as they up their ante to woo publishers, who are still emerging from the recessionary shock and are looking for a viable digital content related business model.

Australia's relief over the years of drought being finally broken by rain in December was short-lived as its states now brace for flooding which the government has described as biblical.

Indulging in a little bit of self-promotion, Reddit posted a review of performance 2010, in which it declared that the site has gone from sucked to works. The social news website has emerged as a force to reckon with for its rival Digg.

Nursing students in Kansas are expelled for posting insensitive photograph on Facebook

PCs join the motion bandwagon and get their own interface device, the Wavi Xtion.

Mozilla's Firefox browser has overtaken Microsoft's Internet Explorer as the leader in Europe, the first time Microsoft's browser has lost its top spot in a major market, a web analytics firm StatCounter said.

Stock indexes were set to continue their upward trend at the open on Tuesday as optimism continued to permeate the market ahead of data on factory orders and car sales.

Shares in oil major BP hit a six-month high on Tuesday after reports rival Royal Dutch Shell considered a takeover bid, and that economic damages from its oil spill will be lower than forecast.

Macy's Inc plans to hire 725 more people in the next two years to beef up its e-commerce sales, one of the department store operator's fastest growing segments.

The nominations for the Golden Globe for 2010 have seen their share of controversies but also face heavy competition. While the nominees and winners at the Golden Globe can be considered an indication of things to come in the Oscars, the polls are fast favoring The Social Network and The King's Speech as contenders for the top slots at the Oscars. Another dark horse is The Fighter, starring Mark Wahlberg and Christian Bale. Here are some of the top contenders we think will make it to the Aca...

The Seoul Metropolitan Government announced that it has started commercial operation of eco-friendly full-size electric buses on the Mt. Namsan circular routes, Seoul Metropolitan Government said in a statement.

Wii, Kinect and Moves may be getting people to flay their arms around but it is still the console games which are exciting the gamers

U.S. stock index futures rose on Tuesday as optimism continued to permeate the market ahead of data on factory orders and car sales.

U.S. stock index futures rose on Tuesday as optimism continued to permeate the market ahead of data on factory orders and car sales.

Toyota Kirloskar Motors India has announced that bookings for the Fortuner will reopen on Jan 1 2011. The bookings were last reopened in July 2010 for a period of one month.

A shareholder in Devry Inc. has sued 14 of the for-profit education company's officers and directors for their failure to properly oversee student recruitment and financial aid policy

Optimism about the state of the world economy lifted stocks on Tuesday as well as boosting the dollar and keeping oil prices at a near 27-month peak.

NEW YORK - MySpace is preparing to unveil a major round of layoffs as early as this month in its latest restructuring step, the Wall Street Journal reported Monday.

Stock index futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.08 percent, Dow Jones futures up 0.09 percent and Nasdaq 100 futures up 0.02 percent at 0921 GMT (4:21 a.m. ET).

Microsoft Corp's Hotmail service, the world's most-used online email system, is back to normal operations on Monday after some users over the weekend lost access to emails or found them transferred to a deleted mail folder.

Japanese stocks led Asian equities higher, climbing to their highest since May, and oil prices were perched near a 27-month high on Tuesday, with investors betting the improving U.S. recovery may be reflected in jobs data later in the week.

Shares in oil major BP opened over 4 percent higher on Tuesday after a newspaper reported rival Royal Dutch Shell Plc had considered a takeover bid in the wake of the Gulf of Mexico oil spill.

Asian stocks advanced on Tuesday and oil hovered near a 27-month high, supported by U.S. data suggesting a recovery in the world's biggest economy was gathering momentum.

The number of U.S. consumers who filed for bankruptcy protection in 2010 was the highest in five years, and the figure could rise as Americans struggle with excess debt in an uncertain economy, a report issued Monday said.