IBT Staff Reporter

Rubik's is set to unveil a new Touch Cube based on sensor technology this weekend at QVC, a TV retailer in its 'Christmas in July' segment.

CIT Group Inc , a 101-year-old lender fighting for survival, is planning a large debt exchange offer within weeks and may not sell any assets before fixing its capital structure, a source close to the company said on Friday.

The leader of a group of Democratic fiscal conservatives in the House of Representatives said talks on a U.S. healthcare overhaul bill fell apart on Friday and that he saw no possibility of a deal now.

The Nasdaq fell on Friday, halting a 12-day run-up, following Microsoft Corp's disappointing quarterly results, but gains in pharmaceutical and energy shares lifted the Dow and the S&P 500 to fresh 8-month closing highs.

Nortel Networks Corp and bidders for its wireless division were sequestered on Friday in a New York law office as the company, once a symbol of Canada's technological prowess, moved to complete the first stage of its own dismantling.

The collapse of Lehman Brothers last September marked the start of a downward spiral for big investment banks. For a smaller fraternity of Internet brokerages, it has set off a dramatic spurt of growth.

Microsoft sought on Friday to end a long-running dispute with EU antitrust regulators as it offered to let users choose their own browser and to provide more interoperability information to third parties.

AMR Corp , parent of American Airlines, said on Friday it would raise by $5 the fee it charges to check a first or second bag on domestic flights.

President Barack Obama called the white police sergeant James Crowley on Friday afternoon and made a surprise appearance in the White House briefing room as he tried to defuse the mounting controversy over his comment that the white police acted stupidly by arresting a Harvard professor at his home.

An Aria Air plane operated by Aria Tour crash-landed at the airport of Mashhad in north-eastern Iran on Friday.

Microsoft's 'Laptop Hunters' ad campaigns change after Apple lawyers complain about the inaccuracy of the ads claiming they had already lowered its computer price.

China National Nuclear Corporation (CNNC) has signed a cooperation agreement with China Development Bank (CDB) to get credit limit of 100 billion yuan (about $15 billion) from the bank, bringing the total tally of CNNC's intentional credit limits to 450 billion yuan (about $66 billion) with the offers from eight other banks, State Assets Administration Committee (SASAC) said in its website on Thursday.

The Nasdaq fell on Friday, halting a 12-day run-up, following Microsoft Corp's disappointing quarterly results, but gains in pharmaceutical and energy shares lifted the Dow and the S&P 500 to fresh 8-month closing highs.

Nortel Networks Corp, a former Canadian tech icon with roots going back to World War One, started selling key assets on Friday in an auction process that has already polarized opinion and sometimes reads like a soap opera.

Honduran forces tightened the border with Nicaragua against an attempt by deposed President Manuel Zelaya to enter the country after he was removed in a coup.

Honduran troops and police tightened the border with Nicaragua on Friday against an attempt by deposed President Manuel Zelaya to enter the country after he was removed in a military coup and sent into exile.

The tussle between a black Harvard scholar and the white police officer who arrested him is turning into a quesion on presidential judgment.

President Barack Obama backed down on Friday from a statement that police had acted stupidly in arresting a black scholar in a racially charged case that was rapidly becoming a distraction for Obama.

Microsoft has offered to let users choose their own browser and provide more interoperability information to third parties in a bid to resolve two antitrust cases, EU regulators said on Friday.

Palm Inc has fired another volley at Apple Inc in their smartphone war, as the two rivals tussle over whether iTunes should be compatible with Palm's new Pre smartphone.

Palm Inc has fired another volley at Apple Inc in their smartphone war, as the two rivals tussle over whether iTunes should be compatible with Palm's new Pre smartphone.

Oil rose to top $68 a barrel on Friday on optimism a turnaround in the global economy would lift battered fuel demand.

President Barack Obama made an unexpected appearance at a White House news conference on Friday to say the media frenzy sparked after his comments on the arrest of African American Harvard Professor Henry Louis Gates Jr. is a testimony that these are issues that still very sensitive in America.

CIT Group Inc is planning a large debt exchange offer within weeks as part of its plan to restructure itself, and any asset sales are likely still some time away, a source close to the company said on Friday.

Travelers seeking a bit of novelty on their journeys can study toilets from 2,500 BC or join a red-carpet duck parade, according to a list of top 10 weird attractions by travel review website IgoUgo.com.

The Nasdaq fell on Friday following Microsoft Corp's disappointing quarterly results, but gains in pharmaceutical and energy shares held the Dow and the S&P 500 near break-even.

If biking or swimming in the nude is your thing, apparently you are not alone with Nude Recreation Week this month celebrating its 32nd year -- but participants advise not to forget the sunscreen.

Police union officials on Friday rallied around the white officer whose arrest of a prominent black scholar sparked a heated debate on race relations in the United States.

Iran's top authority called on President Mahmoud Ahmadinejad on Friday to dismiss a senior official who had said Iran was friendly with everyone, even the people of its sworn foe Israel, state television reported.