IBT Staff Reporter

Data storage equipment maker NetApp Inc reported a quarterly profit that topped Wall Street estimates, but shares fell in extended trade as some investors had been expecting an even bigger beat.

Iranian President Mahmoud Ahmadinejad will unveil his proposed cabinet members to parliament on Wednesday.

Friendlier Credit Cards?; Central Bank Confab; More Bear Stearns Fallout

Prices of U.S. office, retail and apartment buildings fell 1 percent in June, easing from steep slides in the previous two months, according to the Moody's/REAL Commercial Property Price Index released on Wednesday.

American International Group Inc was sued on Wednesday by two California residents who said their homeowner insurance policies entitled them to coverage on losses from Bernard Madoff's Ponzi scheme.

Wall Street is warily watching the Obama administration's pay czar and wondering if he will flex his muscle to claw back past bonuses paid to some of the biggest players in high finance.

With a rolled-up mat slung over his back, Honduran 14-year-old Kevin climbs aboard a Mexican freight train for a 1,450-mile (2,330-km) journey to the U.S. border -- a perilous ride spotlighted by a new documentary.

The National Football League extended its six-year television deal with NBC by another two years on Wednesday, following similar deals last spring with broadcast networks CBS and Fox.

The King of Pop stepped aside for the King of Country on Wednesday, when George Strait's

Looking for a rebound in the risky independent film business, several newly formed U.S. companies aim to fill a void created in the past 18 months when major players failed due to a glut of movies in the market.

Talk show host Oprah Winfrey and television expert Dr. Mehmet Oz, a frequent guest on Winfrey's show, sued more than 50 businesses on Wednesday, saying they had falsely claimed the pair endorsed various beauty products and dietary supplements.

Don Hewitt, creator of CBS News' groundbreaking

Seven young Chinese women suffered permanent lung damage and two of them died after working for months without proper protection in a paint factory using nanoparticles, Chinese researchers reported on Wednesday.

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

The Obama administration plans to transfer six prisoners abroad from the U.S. prison at Guantanamo Bay, a U.S. official said on Wednesday, part of the effort to close the controversial facility by early 2010.

Middle aged baby boomers are still turning on to illegal drugs forty years after Woodstock, doubling the rates of illicit drug use by the previous generation, according to a government study released on Wednesday.

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

First off, I'm sure there are plenty of people out there who genuinely love spending hours and hours in certain museums,

The average U.S. gamer is no where near the age of a teenager, as many may have previously thought, in fact, they look nothing like that kid.

Stocks rose on Wednesday, shaking off a slide in China's equity market, as investors responded favorably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook.

Market researcher Richard Doherty said that Apple has developed two tablet computers prototypes: a 6-inch oversized-iPod version and another with a bigger display. The researcher speculated that the smaller Apple tablet would cost about $679 and will probably run on an iPhone-based operating system

Carry Trading can be a way for a Forex investor to reap terrific profits on their investment. A carry trade is when a currency with a low interest rate is sold to purchase a currency that pays a high interest rate. The difference in the interest rate between the two currencies is called the interest rate differential. An example of a carry trade currency pair is NZDJPY. For a credit in Japan you need only to pay an interest rate of 0.1 %. On the capital market you will get for your money 5 % whe...

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

General Motors Co GM.UL has dropped plans for a new Buick sport utility vehicle due to lack of consumer interest, Vice Chairman Tom Stephens said on Wednesday, only two weeks after the new model was announced.

Data storage equipment maker NetApp Inc reported a quarterly profit that topped Wall Street estimates, but shares fell in extended trade as some investors had been expecting an even bigger beat.

Joe Jonas will be a guest judge alongside Simon Cowell, Randy Jackson and Kara DioGuardi during the audition rounds of American Idol's ninth season in Dallas, People magazine reports.

Video compression software maker DivX Inc said it settled a litigation with Yahoo Inc related to a license and distribution agreement, and forecast a third-quarter profit to reflect an increase in operating income due to the settlement.

Asustek Computer launched the dual-brand Garmin-Asus Nuvifone M20 in the Taiwan market on Wednesday in cooperation with Chunghwa Telecom (CHT), targeting a modest 2010 shipment of 1 million units.

Social-networking giant MySpace announced Wednesday it will acquire iLike, a social music startup, in a bid to give its site a new make over after loosing out attention and users to rival, Facebook.