IBT Staff Reporter

Intel, the world's largest semiconductor company, unveiled a new version of its Atom platform, promising lower power consumption, cheaper cost and smaller size to better target smartphones.

Global commodity prices dropped Tuesday as new doubts about Europe's ability to resolve the Greek debt crisis sparked a global flight from risky investments. Crude oil and other energy contracts tumbled, a day after oil hit an 18-month high. Prices for copper and other industrial metals also fell sharply. The declines in commodities were made worse by a spike in the dollar as investors sought safe places for their money. The rising dollar tends to sap demand from foreign investors for commoditie...

Nokia and Microsoft unveiled on Wednesday the first result of their new software collaboration aimed at breaking the dominance of Research in Motion's BlackBerry in wireless services for corporations.

ODL Group Limited (ODL), a leading, independent forex, derivatives, equities and commodities broker, announces today that it has agreed on terms to be acquired by US-based FXCM Holdings LLC (FXCM), a leading global forex broker that caters to both retail and institutional markets. ODL's strong UK and European businesses will provide an excellent complement to FXCM's sizeable operations in both the United States and Asia. The combined companies will operate as one of the largest non-bank fore...

A tumble in global stocks spread to Asia on Wednesday as fears heightened that Greece's debt woes could spread to other countries, which pushed the euro down to one-year lows against the dollar.

Hewlett-Packard Co is rolling out a back-to-school lineup of notebook personal computers in what will be its largest single launch of laptops featuring processors from Advanced Micro Devices.

Warm weather and a desire to refresh wardrobes should have helped retailers increase sales in April, showing consumers are willing to spend a little more in an improving economy.

Electronics and luxury items were the fastest-growing U.S. sales categories in the retail sector in April, but weakness in apparel suggests that a sustained recovery in overall retail may be too soon to call, according to a report released on Tuesday.

Reversing its globally recognized identity as a place of world's largest ship breaking yard, the state of Gujarat is now seen emerging with huge investments pouring in to give a complete makeover to its image from a hub of ship breaking industry to the hub for global shipbuilding industry.

Global oil prices continued its southern journey in Asian trade Wednesday mainly on a strong dollar amid Greek debt crisis. Light sweet crude for June delivery was seen trading at $82.16 a barrel at 11.30 am Singapore time while Brent crude was at $85.21 a barrel at the same time in London. The dollar was at $1.2954 per euro in early trade, and touched $1.2937, the strongest since April 22, 2009, from $1.2987 in New York Tuesday.. The Standard & Poor's 500 Index fell 2.4 percent to 1,173.60, the...

A new record was established in April, as ICE Coal Futures volumes exceeded all previous levels with over 146 million tonnes (146,445 lots) cleared via ICE Clear Europe. The volume is a full 37.7 million tonnes above the previous record of 108,730 lots established in January this year, and 2.7 times as much as traded in April 2009. In a statement issued by the globalCOAL Eoghan Cunningham, CEO of the company said, The current volatility we are seeing in coal prices is pushing more and more part...

Gold prices extended losses in Asian trade Wednesday as the dollar gained more momentum against the euro. Gold for immediate delivery was seen trading at $1167.09 an ounce at 11.30 a.m Singapore time while U.S. gold futures for June delivery were at $1,168.00 on the Comex. The precious yellow metal gave up its safe-haven status to the dollar dropping sharply overnight in step with a broad sell-off in commodities and stocks.

People with a spouse suffering from dementia have higher risk of developing the disease.

Bakers Delight stores help raise $1 million to help women who have breast cancer.

As Syria aggressively courts foreign investors to rescue its dwindling oil and gas sector, government corruption and problems settling disputes remain sticking points for some interested international players. But experts are divided over how contentious these obstacles truly are.

The oil spill in the Gulf of Mexico from a collapsed offshore drilling rig could affect White House plans to extend offshore drilling, press secretary Robert Gibbs acknowledged as the oil slick threatened onshore sites from the Louisiana wetlands to the Sarasota beaches and disrupted fishing and energy industries.

News Corp's quarterly profit beat expectations thanks to the 3-D blockbuster Avatar and strong cable networks, but the media conglomerate's shares fell 4 percent after its outlook disappointed some investors.

Doctors have warned that pool skimmer boxes without a cover can be fatal to children.

World Health Organization(WHO) warned tourists in South Africa especially soccer fans heading to the World Cup to guard against mosquito bites and avoid contact with raw meat due to an outbreak of Rift Valley fever.

Experts say that energy saving light bulbs are good for the environment but can be bad for your health.

The president and chief operating officer of Guess Inc , Carlos Alberini, will resign from the apparel maker to become co-CEO of Restoration Hardware, the companies said on Tuesday.

TWO doctors at a private Melbourne hospital are denying responsibility for the death of a patient from a condition they failed to diagnose.

Molson Coors Brewing Co posted a lower-than-expected quarterly profit, hurt by higher expenses and falling sales volume, but its shares pared losses with the announcement of a new venture in China with a local brewer.

Australia: The Australian dollar fell back below USD0.9100 cents overnight as another round of risk aversion hit global financial markets.

UBS AG's Wealth Management Americas brokerage has space issues: too much real estate for a work force reduced by thousands in the past two years.

Parents are outraged when a Townsville primary school ruled to hold children's handmade Mother's Day gifts unless they pay for their creation .Children as young as four will be forced to pay for their own art work if they want to take them home for their mothers.

Sears Holdings Corp Chairman Edward Lampert acknowledged that having an interim chief executive for more than two years is not ideal and definitely weird, but said the retailer is in no rush to find a replacement for Bruce Johnson.

Washington Mutual Inc said on Tuesday that shareholders were demanding an independent investigation of the company's collapse in the hopes of getting a pay off, according to court documents.

:: Australian Dollar: The Aussie dollar bounced off support between 0.9220 and 0.9230 on several occasions over the last 24 hours to open this morning relatively unchanged from yesterday's close at 0.9260.