IBT Staff Reporter

International Monetary Fund chief Dominique Strauss-Kahn on Wednesday said the situation in Europe remained troubling, keeping up pressure on policymakers to find more effective measures to deal with the euro zone's debt crisis.

When two people posted photos several times from the same locations and at the same time, this was a good predictor that those people were socially connected, says a research.

Top home improvement chain Home Depot Inc gave an outlook for the next financial year that could miss Wall Street expectations amid continued weakness in the U.S. economy and its shares fell.

Phillip Hughes has emerged as the most likely replacement for Australia's injured opener Simon Katich for the third Ashes test at Perth after the 22 year-old received the backing of his skipper Ricky Ponting.

Salesforce.com, an enterprise cloud computing company, on Tuesday launched Database.com, which is touted as the world’s first enterprise database built for the cloud.

Gannett Co said it expected to report stronger fourth-quarter earnings and indicated its digital and local newspapers were due to benefit from improved advertising in early 2011.

Steady economic improvement should fuel U.S. stock gains through 2011, according to a Reuters poll of investors and strategists, but international concerns could limit gains in the second half of the year.

French president Nicolas Sarkozy, who was on a four-day official visit to India along with his wife Carla Bruni left for Paris on Tuesday after signing a few deals worth more than $10 billion, which is almost the same as what US President Obama managed during his visit last month.

Netflix Inc reached a deal with ABC Television Group to add past episodes of popular shows Grey's Anatomy, Desperate Housewives and Brothers & Sisters to its online streaming service, the two sides announced on Wednesday.

Hackers, possibly in retaliation for attacks on Wikileaks, forced down the website of the international credit card service MasterCard on Wednesday and warned PayPal they could be next. PayPal has admitted that the US Government was behind the company's decision to sever ties with Wikileaks.

Costco Wholesale Corp posted better-than-expected quarterly profit, helped by strong sales and increased fee revenue as consumers sought out its bulk offerings of food and other items.

Salesforce.com Inc said it has agreed to buy privately held cloud-platform company Heroku for up to $249 million to expand its presence in cloud computing related to social and mobile applications.

Google released its Chrome OS-based beta notebook Cr-48 for a select group of testers after announcing the light-weight, web-centric browser last summer.

McDonald's Corp reported a smaller-than-expected rise in global sales at established restaurants in November as demand was weaker than anticipated in its key domestic market and Japan.

A prominent U.S. business group on Wednesday urged the Obama administration to consider modifying some provisions of a broad-based financial regulatory overhaul that they said hurt American competitiveness.

Bickering among European Union leaders escalated on Wednesday over a proposal for joint euro zone bonds to overcome the bloc's debt crisis, with Germany saying it opposed the idea on legal and economic grounds.

Hackers forced down the website of the international credit card service, MasterCard, on Wednesday. The move is likely to be an apparent revenge by alleged Wikileaks supporters. In what they called Operation: Payback, the anonymous hackers announced on twitter that they successfully brought down the MasterCard website with DDoS attacks. MasterCard had earlier severed ties with the whistle-blower site, suspending all payments to the organization. The website currently remains inaccessible...

The QNX-based BlackBerry Tablet OS in the upcoming PlayBook tablet will make its way onto multi-core BlackBerry smartphones and different-sized tablets over the next ten years, said Research in Motion co-CEO Mike Lazaridis.

Hackers have crashed the website of credit card firm MasterCard in apparent retaliation for its blocking of donations to the Wikileaks website, the BBC and other media reported on Wednesday.

No download, no installation, now kindle for the web will expand to enable anyone with access to a web browser to buy and read full Kindle books, said Amazon.

Financial literacy has become a huge catchphrase -- the one idea upon which consumer advocates and bankers, borrowers and lenders, even Republicans and Democrats all agree.

Stocks were nearly flat on Wednesday, with investors pulling back on a strong dollar and higher bond yields, but analysts didn't rule out a year-end rally.

Young kids hurling stones at army tanks, stifling curfews, incongruous checkpoints and an unrelenting settlement activity...The visualization of the word 'Palestine' is unlikely to change any time soon. Fathers would still have to carry children on their shoulders to protest against the army incursions while their mothers rally in support of people forced out as a result of expanding settlements. The peace talks have been officially stalled, the latest of the news reports suggest.

The World Health Organization has endorsed a new, rapid tuberculosis (TB) test that can diagnose the killer disease within two hours.

Ebay CEO John Donahoe said cell phones are the future wallets as the company makes a strong push to mobile.

Sony Corporation of America's CFO Robert Wiesenthal said the company will bridge the gap between the media and Hollywood, as a content creator and an electronics manufacturer.

The final group games of four of the eight groups in the UEFA Champions League, was played out on Tuesday, with group winners and second-placed qualifications to the knock-outs confirmed.

The South Korean government has unveiled a plan to nurture the eco-friendly vehicle industry and plans to cut greenhouse gas emissions.