IBT Staff Reporter

The world's major central banks said on Tuesday they would extend emergency supplies of U.S. dollar funding to money markets, in a sign that authorities remain concerned about financial instability as governments grapple with debt problems.

India continues to be world’s most preferred destination for offshore outsourcing, a new study by Gartner Inc said.

California-based start up Kno Inc. announced it has begun shipping its Linux-based touch screen educational tablet for students, letting them read textbooks, take notes and browse the Web.

Four people, including an executive from an expert networking firm, have been arrested by the Federal Bureau of Investigation (FBI) agents in an operation seen as part of a widening probe into insider trading.

During a rainstorm in Washington in early 2009, amid the furor over Wall Street's post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer's name on it.

David Beckham admitted that he continues to harbor hopes of playing for the England National team and said that he would try and secure a loan move back to Europe to give himself the best chance.

After Google now Paul Adams is all set to join Facebook in the New Year, said a twitter post by Paul Adams.

Apple released an application for Macs under the moniker iAd Producer that enables users to create multimedia rich iAds for iOS devices.

The U.S. Department of Justice (DOJ) has filed a civil lawsuit against energy giant BP Exploration and Production Inc. and eight other companies, accusing them of violating the Clean Water Act and has asked the court to hold them liable without limitation under the Oil Pollution Act for all removal costs and damages caused by the oil spill, including damages to natural resources.

Top-tier law firm Clifford Chance has joined the bonus bandwagon by announcing bonuses that matches the levels of Cravath Swaine & Moore even as some law firms like Cahill Gordon & Reindel and Susman Godfrey have announced fatter payouts.

Columbia Law School has joined Yale Law School and Northwestern Law School in offering a fast-track program that allows students to graduate with a law as well as business degrees at the end of three years.

TerreStar Networks and its creditors fought over whose plan to backstop a rights offering in the company's bankruptcy plan is better.

Cyprus has put off legislation to ban online gambling because of a three-month delay in feedback on its plans from its European Union partners, the finance ministry said Tuesday.

Australia included Usman Khawaja in their squad for the fourth Ashes Test against England as a back-up for Captain Ricky Ponting, in case the skipper fails to recover from a fractured finger.

For companies competing in the global marketplace, getting the right talent in the right place at the right time represents the most significant challenge today in terms of driving future growth.

The People’s Daily, the mouthpiece of China’s ruling Communist Party, this week officially launched goso.cn, a Chinese search engine as China’s state media seeks greater influence on the Internet.

UK campaign to tighten immigration hits a setback, but the Coalition is set on keeping up its election promise. David Coleman, Professor of Demography at Oxford University, asserts that Britain should tighten immigration policy and explains negative effects.

More than 1.5 million cellphones carrying Microsoft Corp's Windows Phone 7 operating software have sold in the first six weeks of launch, meeting what the company called realistic expectations.

The Treasury Department plans to sell a large piece of its stake in American International Group in two stock offerings next year, officials briefed on the situation told Reuters.

The Bank of Japan (BoJ) continued to keep interest rates steady between zero and 0.1 percent as the economic recovery seems to be faltering in Japan and the yen grows weaker against the U.S. dollar.

Stocks advanced on Tuesday as solid earnings and a flurry of merger action laid the foundation for a steady upward trend in the equities market that investors potentially see accelerating.

A federal grand jury has indicted five people in connection with an identity theft and tax fraud conspiracy in the Middle District of Alabama, the Department of Justice (DOJ) and the Internal Revenue Service (IRS) has announced.

Stocks rose on Tuesday as solid earnings and a new flurry of merger action laid the foundation for a steady upward trend in the equities market that investors believe will continue.

Mergers & acquisitions (M&A) activity has surpassed $2.2 trillion for the first year since 2007 and it could be still busier in the coming year, according to Thomson Reuters data.

A Texas lawyer and her estranged husband were found dead on a property they own near Canyon Lake in an apparent murder-suicide incident, investigators claim.

WikiLeaks founder Julian Assange has sold his memoirs to two publishing houses and is expected to have a manuscript ready in March, Britain's Guardian newspaper reported on Tuesday.

High-speed Internet has had the greatest technological impact on society over the past decade and is the technology most people say they cannot live without, according to a new poll.

Rupert Murdoch's News Corp has won unconditional approval from the European Commission for its bid to acquire pay-TV operator BSkyB but still faces scrutiny by the British communications watchdog.

The demand for gasoline might never get back to levels seen during 2006, as alternate forms of fuel gain more popularity, a report by AP said.