IBT Staff Reporter

Roche , the maker of the Tamiflu flu drug, missed forecasts with a 29 percent drop in first-half net profit, hit by costs related to its $47 billion acquisition of Genentech.

Walt Disney chief Robert Iger said on Wednesday advertising will rapidly grow more sophisticated as media firms begin tracking consumer preferences and selling the data on to advertisers.

Amazon.com will pay about $928 million for booming online shoe retailer Zappos.com, expanding aggressively into the apparel arena with a well-known name after trying unsuccessfully to go it alone.

Verizon Wireless would be willing to make a compromise on roaming service agreements with smaller mobile operators, according to a letter it sent on Wednesday after pressure from U.S. lawmakers.

U.S. drugmaker Bristol-Myers Squibb Co on Wednesday said it will pay $2.4 billion to acquire Medarex Inc , a biotechnology company that has been helping it develop a promising treatment for melanoma since 2005.

Investors are looking for signs of a recovery in solar panel demand when manufacturers report earnings in the coming weeks, though panel prices are still falling fast and earnings may not see a meaningful improvement until 2010.

Wireless chip and technology supplier Qualcomm Inc issued a revenue target for the current quarter that was below Wall Street expectations, sending its shares down about 5 percent.

The Nasdaq rose on Wednesday for the 11th straight day, buoyed by solid profits from Apple Inc and Starbucks Corp , while disappointing bank results and declining energy shares weighed on the broader market.

The U.S. Department of Energy and Department of Agriculture announced on Wednesday an investment of up to $6.3 million to advance research for the use of plant feedstocks for production of biofuels.

Chrysler Group could again face the prospect of liquidation if legislation aimed at reversing its decision to terminate contracts with 789 dealers becomes law, a company executive said on Wednesday.

Microsoft Corp confirmed the released to release to manufacturing (RTM) of Windows 7 and Windows Server 2008 R2.

EBay Inc posted better-than-expected quarterly results after managing to slow a persistent deterioration in its main Web auctions and retail business, propelling its shares nearly 5 percent higher.

MoGo Talk is the world's first ultra-thin integrated Bluetooth headset and was unveiled on Wednesday for BlackBerry Curve and BlackBerry Javelin.

Hong Kong reported another thousand confirmed cases of H1N1 on Wednesday, two weeks after it reported its first 1000 H1N1 confirmed cases on July 7.

AMD on Wednesday said its new line of WHQL-certified ATI Catalyst graphics drivers for Windows 7 RTM are ready to for the final release and availability of the Microsoft's new operating system on October 22.

Working together to Support Increasingly Interconnected IT Infrastructures, the top networking technology Companies entered into an agreement deals. IBM announced the agreement of reseller and original equipment manufacturing (OEM) of switches and routers which will benefit all the Companies creating good relationship among them.

U.S. President Barack Obama said on Wednesday a broad healthcare overhaul was critical to an economic recovery and promised to push a reform package through Congress this year despite growing doubts about the plan, even among fellow Democrats.

The Nasdaq rose on Wednesday for the 11th straight day, buoyed by solid profits from Apple Inc and Starbucks Corp , while disappointing bank results and declining energy shares weighed on the broader market.

Amazon.com made an aggressive move to grab market share in shoes and apparel on Wednesday, announcing a deal to buy online shoe retailer Zappos.com Inc for $927.9 million, mostly in stock.

Ebay Inc on Tuesday posted a quarterly net profit and revenue that beat Wall Street expectations, and shares rose more than 3 percent.

Three of the world's biggest drugmakers posted better-than-expected quarterly earnings on Wednesday and gave bullish forecasts for the rest of the year, demonstrating the industry's resilience in the weak economy.

Federal Reserve Chairman Ben Bernanke on Wednesday fought hard to protect the independence of the U.S. central bank and keep responsibility for consumer protection on financial products in its hands.

Hisense Electric Co Ltd, one of China's leading electronics and household appliances producers, said on Tuesday its profit rose nearly 90% in the first half of 2009 due to booming flat-panel TV sales.

Daniel Suelo, 48, has been living for nine years without taking or using any Monday in Utah, according to Details magazine.

Canon U.S.A., Inc announces the development of its Hybrid Image Stabilizer (IS) claiming to be the world's first* optical image stabilization technology that compensates shaky photographer.

Disney has released the first Alice in Wonderland trailer, giving us the first glimpse of the highly anticipated film directed by Tim Burton.

A meeting of MySpace people caused a young mom to be murdered mysteriously after meeting a friend name Dillon Maring in Ohio, and was never seen alive.

The Chinese government started a pilot program to provide technological support, subsidies and market pull to solar-power projects, aiming to boost the solar industry as a new growth point for the country's economy, state news agency Xinhua reported on Tuesday.

Ebay Inc on Tuesday posted a quarterly net profit and revenue that beat Wall Street expectations, and shares rose more than 3 percent.