IBT Staff Reporter

The American people did not vote for political gridlock in Washington, according to President Barack Obama who today met with Congressional leaders from both parties to discuss what they consider the main components of the national agenda.

Associates of U.S. law firms can look forward to fat year-end bonuses that are ranging from $7,500 to $35,000 though the bonus levels are significantly lower than all-time highs of 2007.

ON Semiconductor is boosting its purchase price of Sanyo Semiconductor, according to a Securities and Exchange Commission filing.

The Utah Supreme Court has ruled that a state can be sued for negligence in case of wild animal attacks and cannot raise immunity defenses.

Scientists have discovered that the air above the Dead Sea in Israel is laden with oxidized mercury, showing some of the highest levels of the oxidized form of the dangerous neurotoxin ever observed outside the polar regions, according to the United States National Science Foundation.

Gold touched a 1-week high for Dollar investors but broke new all-time records for Euro and Sterling buyers on Tuesday morning, as industrial commodities slipped and the US currency rose against all competitors bar the Japanese Yen.

Federal prosecutors have indicted six people in a $32 million Internet collections scam that has snared 80 lawyers in Pennsylvania, Massachusetts, Alabama and Georgia.

As US Supreme Court agreed yesterday to give Microsoft a hearing related to a 2009 court order that required it to pay $290 million to i4i for patent infringement related to its high-profile product Microsoft Word, Microsoft itself has been on a buying spree collecting patents that cover a range of its products.

US secretary of state Hillary Clinton embarked on a four-day visit to Asia on Tuesday amid publication of classified US State Department cables by WikiLeaks that continued to make headlines around the world.

After their disappointing bowling attack in the second innings against England in the first Ashes test at Brisbane, Australia bolstered their pace attack for the second Ashes Test at Adelaide.

Anne Hathaway and James Franco surprise choice for hosting Academy Awards

The European Commission has decided to probe Google Inc. after complaints by search service providers about unfavourable treatment of their services in Google's search results along with an alleged preferential placement of Google's own services.

Law firm WilmerHale has named Susan W. Murley and Robert T. Novick as co-managing partners for a three-year term effective from January 1, 2012.

Level 3 and Comcast are in a dispute over the transmission of video on the Internet, and the outcome could have large implications for companies that transmit video over broadband networks.

December is the season of giving, but quirks in the estate tax may prompt some wealthy seniors to be especially generous this year.

Shipments of PCs are up 14.3 percent from last year, but that's below expectations.

Home improvement chain Lowe's Cos reiterated its sales and profit outlook for its current fiscal 2010 fiscal year, and it said it would announce new strategies to serve what it called more exacting consumers.

Google has introduced its latest version of Google Earth, their interactive digital atlas.

Adult movie starring Sylvester Stallone was auctioned on e-bay for $412,000

The air above the Dead Sea contains very high levels of oxidized mercury, which are of major concern to humans, scientists say.

Technology research firm Gartner said personal computer sales worldwide were on track to set a new record in 2010 but Apple’s iPad is taking a bite out of the sector.

The new Spiderman reboot movie is going in for a supposedly new high-tech costume

The Volvo C70 has been converted into electric with a battery-electric powertrain by a Swedish company called Electroengine.

Unemployment in the euro area rose marginally in October for the first time in 6 months, according to a report by Eurostat, the statistical office of the European Union.

Reports on Tuesday suggested that Google's bid to acquire collective-buying site Groupon now stands at $5.3 billion compared to earlier estimates that quantified the deal at $2.5 billion.

The U.K. government is implementing a new workplace pension scheme that will help the low-to-moderate earners and employers.

The U.S. General Services Administration, which runs the government fleet, bought at least 14,584 hybrid vehicles in the past two fiscal years out of 145,473 during the last two years. That's about 10% of 145,473 vehicles the Government Services Administration purchased in that period.

General Motors India said announced it has crossed 100,000 unit of sales in Indian market and this is the first time it has crossed this mark in a calendar year since its inception in India.

Julia makes nearly a million dollars for a 45 second ad for an Italian coffee