IBT Staff Reporter

Almost a month after Apple launched the iPhone 3.1 update, Apple today released the iPhone 3.1.2 update for iPhone and iPod Touch users.

Ben's Chili Bowl Restaurant, a famous diner in Washington for politicians and celebrities, has lost its founder Ben Ali who died Wednesday of natural causes, the restaurant said on its website.

Few U.S. small businesses have adopted social media outlets such as Facebook and Twitter for business uses, according to research released on Thursday.

UBS AG, which suffered asset outflows in the second quarter, hired former Merrill Lynch's brokerage head Robert McCann to lead its wealth management business in the Americas, CNBC said on Thursday.

A German-brokered deal to rescue Opel will not collapse due to a lack of support from other European countries hosting the carmaker's plants, Chancellor Angela Merkel's spokesman was quoted as saying on Thursday.

U.S. stocks rose on Thursday as a surprising quarterly profit from Alcoa Inc got third-quarter earnings off to a strong start and data pointed to a stabilizing labor market.

Alcoa Inc shares rose on Thursday after the aluminum producer reported its first profit in a year, in what Wall Street viewed as a bellwether of how industrial companies are recovering from the recession.

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Microsoft has no plans to develop a digital book reader to compete with the fast-growing popularity of Amazon's Kindle or a device that rival Apple is reportedly developing.

Making the current FHA loan limits permanent would ensure liquidity in the housing market and make mortgages more affordable for qualified buyers at a time when the market is showing signs of a fragile recovery, the NATIONAL ASSOCIATION OF REALTORS® testified to the House Subcommittee on Housing and Community Opportunity today.

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Since last Wednesday, September 30, natural gas prices rose across the board, with increases ranging between 37 cents and $1.32 per million Btu (MMBtu).

David Otunga Jr., Jennifer Hudson's baby, was officially introduced to the public on Thursday after his first photos were published on People Magazine.

One by one the Kiddieland amusement park's 27 rides were shut down forever on Sunday, giving the highest bidders in an online auction a final spin, splash or crash on their favorites.

Two months ahead of the United Nations climate change conference in Copenhagen, the world body's telecoms arm urged governments and companies to use information technology to fight global warming.

A doubling of wind-generated electric capacity anticipated in Texas by 2015 will alter operations of every power plant in the state, industry sources said on Wednesday.

A top U.S. labor group on Thursday asked the Obama administration's pay czar to stop any retirement payments to Bank of America Chief Executive Ken Lewis.

The long-awaited smart grid for U.S. power could play a major role in rolling out renewable energy like wind and solar, the top U.S. power regulator said on Wednesday.

The world needs to invest $83 billion a year in agriculture in developing countries to feed 9.1 billion people in 2050, the United Nations' Food and Agriculture Organization said on Thursday.

Envoys for Honduras' de facto leaders and ousted President Manuel Zelaya resumed talks on Thursday to end a post-coup crisis, but were far from agreement on the key issue of returning the leftist to power.

U.S. stocks rallied on Thursday as investors grew hopeful about the economic recovery after a surprising quarterly profit from Alcoa Inc and data pointing to a stabilizing labor market.

Credit card issuers' recent actions prove that lawmakers should move up the effective date of new restrictions on card interest rates and fees, U.S. Representative Barney Frank said on Thursday.

The increasing use of dark pools, or venues where stock trades are hidden from public view, is a growing concern for regulators, the Chairman of the U.S. Securities and Exchange Commission said on Thursday.

Microblogging service Twitter is in advanced talks with Google Inc and Microsoft Corp about licensing its data feed to the companies' search engines, a Web blog associated with the Wall Street Journal reported on Thursday.

The chief executives of Amazon.com Inc, FPL Group, Eastman Kodak and Kraft Foods are among business leaders attending a lunch meeting with President Barack Obama on Thursday, the White House said.

JPMorgan Chase & Co has abandoned a plan to sell One Chase Manhattan Plaza, its Lower Manhattan office tower, because the bids it received were unacceptable, according to a source familiar with the matter.

Lee Lin had a full-time job, three rental properties and a problem: he had no time to find tenants to live in them. He tried advertising on free-listing websites like Craigslist, but found it too time consuming, so he created an alternative.

U.S. housing prices may still fall more than 10 percent, killing an incipient recovery, as demand from first-time home buyers fades, leading economist Nouriel Roubini said on Thursday.

Marriott International posted a lower quarterly profit on Thursday and said pricing pressures would continue to erode margins next year, sending its shares down as much as 5.9 percent.