IBT Staff Reporter

Key carriers AT&T, Verizon and T-Mobile officially announced their partnership to create ISIS, a national mobile commerce platform, to make mobile wallet a reality.

The forthcoming Android 2.3 operating system will support near-field communication chips for mobile payments, leading to the launch of hundreds of mobile payment startups, according to Google CEO Eric Schmidt.

New Zealand tied their second test with India helped by a Brendon McCullum double-hundred while Younis Khan's ton secured a draw against South Africa, and Chris Gayle's triple-ton handed Sri Lanka a formidable task.

S&P 500 Index is down 10.42 points, or 0.85 percent, to trade at 1,187.57 at 09:53 a.m. EDT. The Dow Jones Industrial Average lost 99.57 points, or 0.89 percent, to trade at 11,102.40. The Nasdaq Composite Index fell 0.72 percent.

Chelsea are dealt with another blow in the form skipper John Terry's injury which could rule him out for months.

Google has spruced up Product Search ahead of Christmas and added a feature that lists local stores where the products are in-stock.

The producer price index for finished goods rose for the fourth consecutive month in October, mainly pushed by gas price hikes, the U.S. Labor Department said in a report.

The percentage of women lawyers in America's top 250 law firms has declined, according to findings based on NLJ 250, The National Law Journal's annual ranking of the nation's largest law firms.

The Manhattan Supreme Court has dismissed a petition by Diandra Douglas, the former wife of Michael Douglas, putting to a halt to her bid of receiving a share of profit from the blockbuster movie sequel Wall Street: Money Never Sleeps.

The Internet Crime Complaint Center (IC3), which was set up by the Federal Bureau of Investigation (FBI) and the National White Collar Crime Center in May 2000 to monitor and prevent cyber crime, recently logged its 2 millionth consumer complaint.

U.K. law firm Norton Rose has expanded its presence in Canada and South Africa by agreeing to merge with Ogilvy Renault and Deneys Reitz respectively.

Futures on the S&P 500 are down 0.49 percent, futures on the Dow Jones Industrial Average lost 0.55 percent and Nasdaq100 futures are down 0.73 percent.

Comcast, the largest U.S. cable operator, has launched a free app that can turn iPad into a remote control.

It's a case of a cross-breed taking on a pedigreed product. Dell's answer to Apple's iPad is a hybrid - part laptop, part tablet, the 10-inch Inspiron Duo is due next week.

LA Galaxy were humbled at home against FC Dallas whose spirited performance saw them through to the final of the MLS Cup with a 3-0 victory over LA.

Ford Motors has announced the list of cities, which shall receive the first all-electric passenger car Focus Electric, which debuts in late 2011.

The US Department of Energy has set up an expert committee to report on its activities in energy efficiency and renewables to the Energy Secretary.

New service from Facebook will combine email, SMS and instant messaging into one platform.

Researchers from the Douglas Mental Health University Institute are using virtual reality to study neuroscience.

The world’s second largest engine maker Rolls-Royce Group Plc is making arrangements to ship engines from Airbus SAS A380’s production line to replace turbines

Japanese auto maker Honda Motor Co plans to end domestic sales of its Civic midsize sedan as soon as existing inventories run out.

Japan's Lower House on Tuesday passed a new stimulus plan even as experts believe that the country's surprise economic performance in the third quarter will stall in the fourth quarter due to slowing exports and a stronger yen.

Facebook unveiled its next evolution of Messages, a seamless messaging platform that weaves e-mail, chat and SMS to offer an integrated communication service.

Futures on major U.S. stock indices point to lower opening on Tuesday, with futures on the S&P 500 down 0.59 percent, futures on the Dow Jones Industrial Average down 0.54 percent and Nasdaq100 futures down 0.75 percent.

Annual inflation in the European Union rose during October, for both the euro area and the EU, according to a report by the Eurostat, the statistical office of the European Union

Tech websites are abuzz with talk about Google preparing to launch its own e-commerce site and upgrade its shopping services to emerge as a force to reckon with in the multi-billion dollar online shopping business.

Inflation in the U.K. rose during October, mainly pushed by fuel and lubricant prices, a report by the U.K. Office for National Statistics.

British Land Co Plc reported a lower first half underlying pretax profit as the year-ago period benefited from the release of credit risk provision.

Moody's Investor Service published a report assessing Pakistan's B3 foreign and local-currency issuer rating