IBT Staff Reporter

The Apple iPhone now represents almost one third of all touchscreen phones in the US, according to a new study.

The S&P 500 and Nasdaq rose slightly on Tuesday as deal news bolstered views that improved merger activity could signal economic strength. But the Dow edged lower after a downgrade of the tech sector.

MasterCard Inc , the world's second-largest credit card network, forecast marketing expenses will increase 20 percent, and rebates and incentives will go up in the fourth quarter, sending shares down up to 6 percent.

Kraft Foods Inc posted a quarterly profit that beat analysts estimates, less than a week before the Oreo cookie maker is expected to formalize its bid for British chocolatier Cadbury Plc .

LG Electronics Inc is investing heavily in developing its smartphone business as it faces increasing global competition, the chief executive of the South Korean company said on Tuesday.

Take a classic Christmas tale, a dollop of Jim Carrey and a sprinkling of innovative movie technology.

Pop singer Rihanna was named Woman of the Year by Glamour magazine on Tuesday after an attack at the hands of boyfriend Chris Brown that she said changed her life overnight.

Flight of the Conchords star Jemaine Clement has said his offbeat HBO comedy series may not continue for a third season because it requires so much work, but a final decision will be made within a month.

Awards season might have an originality issue.

Oscar-winning actress Kate Winslet accepted libel damages of 25,000 pounds ($41,000) on Tuesday over allegations she publicly lied about her exercise regime.

Former Stone Roses singer Ian Brown has been arrested in London on suspicion of assaulting his Mexican wife, model and actress Fabiola Quiroz.

Actor Nicholas Cage is facing catastrophic losses of more than $20 million due to several tax liens and unpaid loans for which he blames his financial manager, People Magazine reported.

The founder of the defunct British online offshore gambling firm BetOnSports, Gary Kaplan, was sentenced to the maximum 51 months in prison for conspiring to violate U.S. racketeering and other laws, the Justice Department said on Tuesday.

A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end.

A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end.

Ford Motor Co said on Tuesday its U.S. sales in October rose 3 percent and it gained market share due to strong demand for cars and crossover vehicles.

The former outside accountant for Bernard Madoff's firm pleaded guilty to fraud charges on Tuesday, but he told a U.S. judge he did not know about the swindler's multibillion-dollar Ponzi scheme, which shook investor confidence and market regulators who missed it.

The former outside accountant for Bernard Madoff's firm pleaded guilty to fraud charges on Tuesday, but he told a U.S. judge he did not know about the swindler's multibillion-dollar Ponzi scheme, which shook investor confidence and market regulators who missed it.

Ottawa. I thought it was about time to explore my own capital. What better time to visit during the Tulip Festival! Ok, my visit was just at the end of the festival.

Apple's Chinese partner sold 5,000 iPhones in the country after the handset made its debut last week, but is still hopeful it will increase the number of its third-generation mobile users by more than 1 million a month.

Remnants of a bygone world, these colonial memorials are places of nostalgic luxury where century-old traditions are preserved with meticulous care. Their Victorian flavour is reminiscent of Agatha Christie stories (actually, the famous writer stayed in some of them herself).

The Dow dipped while the S&P 500 and Nasdaq rose slightly on Tuesday as a Morgan Stanley downgrade of semiconductors weighed on the sector, while deal news bolstered views that merger activity was picking up.

Flagstar Bancorp Inc reported a wider-than-expected quarterly loss, hurt by higher non-performing assets and tax expenses, and filed for a mixed shelf of up to $2 billion, sending its shares down 13 percent.

Nearly five months after Chrysler Group LLC emerged from bankruptcy under the leadership of Italian automaker Fiat SpA, Rocco Massarelli faces almost certain ruin.

Johnson & Johnson plans to cut up to 7 percent of its workforce in order to generate cost savings needed to finance increasingly costly drug research and to weather future challenges, the diversified healthcare company said on Tuesday.

The U.S. House of Representatives is expected to back a Senate plan to extend a popular homebuying tax credit through April and also expand its scope, House Majority Leader Steny Hoyer said on Tuesday.

The former outside accountant for Bernard Madoff's firm pleaded guilty to fraud charges on Tuesday, but he told a U.S. judge he did not know about the swindler's multibillion-dollar Ponzi scheme, which shook investor confidence and market regulators who missed it.

U.S. stocks stumbled on Tuesday after Morgan Stanley downgraded the semiconductor sector and a shake-up at two big British banks prompted investors to sell financial shares.

Chemicals maker DuPont said on Tuesday a U.S. economic recovery was beginning to take hold and forecast 2010 profit growth in line with Wall Street estimates.