IBT Staff Reporter

US based personal computer maker Hewlett-Packard announced Wednesday it is acquiring 3Com. This acquisition deal is worth $ 2.7 billion, or $7.90 a share.

Hewlett-Packard Co struck a deal to buy network equipment maker 3Com Corp for $2.7 billion to step up competition against Cisco Systems Inc and expand into China.

Hewlett-Packard Co struck a deal to buy network equipment maker 3Com Corp for $2.7 billion to step up competition against Cisco Systems Inc and expand into China.

The Dow and the Standard & Poor's 500 index closed at 13-month highs on Wednesday as an upbeat forecast from a top homebuilder and data from China pointed to a strengthening global economy.

Singer Celine Dion is not pregnant, despite reports to the contrary from earlier this year, her representatives said on Wednesday.

Venerable English stage actor Ian McKellen has played all the great parts from Hamlet to Richard III, but in the twilight of his career, he is finding new roles in mainstream film and TV -- and as a gay icon.

Acer and Apple have gained the most market share in PC sales in Europe, especially in the UK, while most other vendors are facing a difficult time, Gartner said in a research note on Wednesday.

Aerosmith frontman Steven Tyler joined Joe Perry on stage in New York to set the record straight about the future of the feuding rock group.

The last phone call Colombian drug lord Pablo Escobar made before he was gunned down on a Medellin rooftop was to his son, and many thought Juan Pablo Escobar would follow in his father's footsteps.

Target, Kohl's, Best Buy and major retailers have unveiled their special deals for Black Friday 2009, according to Gottadeal.com, a self-called official Black Friday deal website.

A radical Muslim preacher linked by U.S. intelligence to a gunman who killed 13 people at a U.S. Army base is an influential voice in English-language Internet forums increasingly used by militants unfamiliar with Arabic.

The president of Calpers urged fellow board members at the biggest U.S. public pension fund on Wednesday to back his plan to require placement agents to be subjected to laws for lobbyists in response to events alleging their undue influence over investment decisions.

A radical Muslim preacher linked by U.S. intelligence to a gunman who killed 13 people at a U.S. Army base is an influential voice in English-language Internet forums increasingly used by militants unfamiliar with Arabic.

American International Group Inc Chief Executive Robert Benmosche said on Wednesday he remains totally committed to staying at the company, countering an earlier report that he was considering stepping down.

Imagine it is thirty years in the future, 2029, and you are driving in a hard top convertible made in 2009. It has had three owners, and sports a healthy six-figures on the odometer.

Britons are among the ugliest people in the world, according to a dating website that says it only allows beautiful people to join.

Hewlett-Packard said on Thursday it would acquire 3Com Corp. for $2.7 billion, or $7.90 a share.

Many travelers love to experience a destination through its local cuisine. And while it is nice to treat yourself to a relaxing restaurant meal on vacation, it's not necessarily the best way to find the most vibrant and exciting regional foods. For that, you need to take to the streets!

It's still not cheap, but Livin' La Vida Madoff may now cost a bit less. Asking prices for homes once occupied by now imprisoned Ponzi schemer Bernard Madoff in Manhattan's Upper East Side and in Palm Beach, Florida, have been cut, after about two months on the market.

Motorola Inc is in the early stages of looking into a potential sale of its $4.5 billion television set-top box and network equipment business, two sources said on Wednesday.

The Standard & Poor's 500 index closed at a fresh 13-month high on Wednesday as an upbeat forecast from a top homebuilder and data from China pointed to a strengthening global economy.

Ford Motor Co posted its best October sales and market share in a dozen years in its main 19 European markets on Wednesday, but warned that European countries and the EU needed to take further action to bolster auto demand in the region next year.

Sellers of protection on the loans of Metro-Goldwyn-Mayer are facing losses of 41.5 percent, based on the results of an auction used to determine the value of the bankrupt company's credit default swaps.

U.S. department store operator Macy's Inc forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 8.1 percent.

A court in Azerbaijan sentenced two opposition bloggers to jail terms Wednesday in a case that has stirred international concern over freedom of expression in the oil-producing Caspian Sea state.

Microsoft is boosting up its Bing search engine by partnering with Wolfram Alpha and will offer its computational information through Bing's site.

Walt Disney Co on Wednesday said it restructured its film studio's marketing, distribution, and operations divisions, reflecting a new strategic direction for bringing content to the market.

Oil prices rose slightly on Wednesday as the market weighed a rebound in the dollar against data showing strong demand growth from No. 2 consumer China.

American International Group Inc Chief Executive Robert Benmosche said he and the company's board are frustrated about restrictions on pay and are in discussions with the U.S. government about them, according to an employee letter obtained by Reuters.