IBT Staff Reporter

Apple Inc has sold 1 million iPads since their April 3 launch, as the company passed that sales milestone faster than many analysts had expected.

General Motors Co posted a 6.4 percent increase in U.S. auto sales for April from a year earlier, lagging an expected rise of about 20 percent in the overall industry which has been helped by incentives.

India's coffee exports surged by 37% in the seven months ended in February due to the strong demand from the major importing countries, said Coffee Board of India. Overseas sales in the January-April period were 102,258 tons, compared with 71,502 tons, Nagarajaiah said. Shipments included 18,871 tons of re-exports, up from 5,338 tons in the year-earlier period, he said. Italy and Russia were among the buyers of Indian coffee.

Global cocoa prices remained higher this year and is likely to scale new heights, analysts said. Benchmark cocoa closed Friday in London at its highest for 32 years. July lot, closed up £23 at £2,359 a tonne, its highest since 1977. The spot May contract added £23 to £2,328 a tonne, £12 from a similar achievement. According to Fortis Bank Nederland, the cocoa market faces a serious structural deficit in production, which will take prices to a series of record highs, unless farmers expand plantati...

Over past fifty years, Gujarat has been a key contributor to India's industrial development specifically on the back of its resource richness minerals. Mineral resources, which are the important factors for the growth of state economy, are equally important as a yardstick to measure the overall economic growth. Gujarat, better known for its manufacturing sector, has been a rich source of various minerals that are directly or indirectly a basic raw material for strategic industries in the country...

Pakistan's wheat production is expected to decline sharply by 1.5 million tons to 22.5 million tons in 2010-11 due to lower availability of irrigation water and dip in rainfall. Pakistan - one of the world's biggest wheat producer - is being undermined by the silting of its national irrigation network, which has cut water availability to a fraction of historic levels.

Those investors who were banking on the bad news from Europe to help gold prices rise may have to think twice. With several market analysts predicting a big bull run in bullion, investors have been rushing to gold as a safe haven following the disastrous news spread about the financial crisis in Spain, Portugal and Greece. And, this week more doomsday predictions cropped up about an imminent slump in China also.

Bullion and precious metal investors heaved a sigh of relief this week, following the decision of EU and IMF to bail out debt-ridden Greece. In fact, the Greek tragedy and the cascading impact on other European nations had hit the bullion market and palladium and platinum prices. With the Greek tragedy threatening to spread to other nations like Spain and Portugal, gold prices became unpredictable for investors and even the demand for platinum group metals (PGMs) showed a decline fearing that th...

Multiple implantation of embryos in women may lead to fivefold risks but couples take the odds due to financial crisis.

GMAC Financial Services, a lender that is majority-owned by the U.S. government after multiple bailouts, posted its first profit since the fourth quarter of 2008 on Monday, as the company started to recover from lingering bad mortgage assets.

China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise.

Manufacturing, construction and consumer spending data on Monday all bode well for the economic recovery, with factories' activity growing at the fastest pace in nearly six years.

U.S. stocks rose on Monday as the latest manufacturing data suggested the economy was on firmer footing, and details of a European financial rescue package for Greece provided relief.

U.S. safety regulators have opened an investigation to review a potential sticky accelerator pedal problem in Chrysler Group LLC's 2007 model-year Dodge Caliber cars.

U.S. manufacturing, construction and consumer spending data on Monday all bode well for the economic recovery, with factories' activity growing at the fastest pace in nearly six years.

China's media regulator vowed a crackdown on online crimes and strengthened monitoring to prevent overseas hostile forces from infiltrating through the Internet, state media said on Monday.

(Reuters) - The Food and Drug Administration on Saturday urged consumers to stop using liquid Tylenol, Motrin, Benadryl and Zyrtec medicines for children and infants after a broad recall announced by the manufacturer, although it said the chance of serious problems was remote.

NEW YORK (Reuters Health) - Obese children in grades 3 through 6 are more apt to be bullied by their classmates than children who are trim, regardless of their gender, race, social skills, or academic achievement, a study published today in Pediatrics shows.

Heart Foundation urged Tasmanians to be aware of simple symptoms of heart attack where almost half of there population die from the deadly disease.

U.S. stocks opened higher on Monday as details of a financial rescue package for Greece provided relief and data showed a steady rise in consumer spending.

Apple Inc on Monday said it sold one million iPads in its first 28 days, and users of the tablet computer have already downloaded 12 million apps and 1.5 million digital books.

Warren Buffett on Sunday intensified his feisty defense of a controversial mortgage transaction marketed by Goldman Sachs Group Inc , saying the investment bank's behavior does not warrant public fury.

U.S. consumer spending rose in March for a sixth straight month as households pushed savings to a 1-1/2 year low, further evidence consumers were starting to take a bigger role in the manufacturing-led recovery.

U.S. consumer spending increased as expected in March for a sixth straight month as consumers dipped into their savings, a government report showed on Monday, confirming the robust spending growth experienced in the first quarter.

U.S. stock index futures rose on Monday as investors welcomed details of a fiscal aid package for Greece and focused on a merger that would create the world's largest airline.

U.S. stock index futures rose on Monday as investors welcomed details of a fiscal aid package for Greece and focused on a merger that would create the world's largest airline.

Small and medium-sized businesses in the United States are taking out more new loans and keeping up better with repayments on existing loans, both signs the economic recovery is gaining pace, PayNet Inc reported on Monday.

Dubai World's restructuring plan is very fair and could be signed by lenders in coming weeks, a senior executive at one of its major bank creditors said on Monday.

France will increase its debt issue plans for 2011, 2012 and a part of 2013 to finance a loan package for Greece, Economy Minister Christine Lagarde said in a newspaper interview published on Monday.