IBT Staff Reporter

Sun Microsystems opens the annual JavaOne conference this year with the debut of Java Store, a global marketplace for cutting-edge Java applications.

Norway's Opera Software overtook Apple's iPhone browser in May as the most popular mobile browser in the world, Web analytics firm StatCounter said on Tuesday.

Stocks rose for the fourth straight day on Tuesday as an upbeat report on sales of previously owned U.S. homes bolstered hopes for an economic recovery.

Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised more than $19 billion as lenders scramble to extricate themselves from Washington's grip.

Popular energy drink Red Bull was withdrawn from supermarkets in Hong Kong, after the country's Department of Health and Centre for Food Safety found traces of cocaine in the product, the agency reported.

General Motors filed the largest bankruptcy of any industrial company in US history this Monday, and alongside it, unveiled plans to close more dealerships, factories, and support services across the nation.

Microsoft Corp said on Tuesday its new Windows 7 operating system will be generally available on October 22, well ahead of its original schedule and in time for the holiday shopping season.

Atlanta based Delta Air Lines Inc. has postponed indefinitely its long-awaited inaugural flight Kenya and Liberia after the Department of Homeland Security told the carrier more time would be needed to approve the carriers request.

Data suggests that the U.S. ban on short selling of financial stocks in 2008 did not impact stock prices, the chief executive of exchange operator Nasdaq OMX Group Inc told business leaders on Tuesday.

U.S. Energy Secretary Steven Chu announced Tuesday that his agency will grant nearly $50 million from the government’s economic stimulus package funds to advance commercial deployment of geothermal heating pumps.

Sony Corp unveiled on Tuesday the latest in its Playstation Portable line of hand-held devices, the PSP Go, as it races to catch rival Nintendo in the mobile gaming arena.

Ford Motor Co said on Tuesday that U.S. sales fell 24.2 percent in May for all of its brands as the only U.S. automaker not in bankruptcy reported its strongest domestic sales month since July 2008.

A Chinese renewable energy official said today China will invest about 100 billion yuan ($14.6 billion) to boost its wind power capacity to 30,000 Megawatts from 12,000 MW it currently generates, Bloomberg reported.

Chrysler LLC reported on Tuesday total unit sales of 79,010 for the month of May units, representing the best retail sales month of 2009 while the company also had an above average performance compared to industry.

At the Nintendo E3 2009 press conference, the company introduced the Wii MotionPlus, an attachment which delivers precise and distinct motion control and a new Super Mario Bros game.

U.S. distressed debt, among the hardest hit asset classes last year, has become the best, with returns of 39.5 percent year to date as risk appetite improves, Bank of America Merrill Lynch said.

The FBI and other U.S. agencies are working to prevent fraud and corruption related to government bailout money and the economic stimulus package, in what could be the next wave of cases in the financial crisis, FBI Director Robert Mueller said on Tuesday.

Stocks rose on Tuesday as an upbeat report on sales of previously owned U.S. homes bolstered hopes for an economic recovery.

North Korea will probably appoint Leader Kim Jong-Il’s third and youngest son as his successor, news reports said on Tuesday.

The U.S. Senate could vote as early as Tuesday on a proposal to spur auto sales by underwriting some of the cost to consumers of buying fuel-efficient cars.

A Chinese industrial machinery company has reached a preliminary agreement with General Motors Corp. to buy the American car maker’s Hummer automobile brand, according to reports.

General Motors Corp on Tuesday reported U.S. sales for May.

A late month surge in sales from Chrysler dealerships that are losing their franchises as part of the automaker's bankruptcy may have driven U.S. auto sales in May to levels above those seen in recent months.

Officials at Cambodia’s Angkor Wat have been accused of damaging the ancient site by installing light bulbs.

General Motors Corp said it reached a tentative deal to sell its Hummer brand, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company.

Solar power modules maker Energy Conversion Devices Inc. is being guarded about its outlook for 2009 as the credit crunch and economic recession restrains funding for solar energy projects.

The spread of H1N1 flu in Australia, Britain, Chile, Japan and Spain has nudged the world closer to a pandemic, the World Health Organisation said on Tuesday.

The first sighting off Brazil's coast of possible wreckage from a missing Air France jet signals the start of what could be one of the most challenging operations ever mounted to retrieve the tell-tale black box.

Two Lufthansa jets believed to have been in the same area half an hour before the missing Air France flight are to provide clues for the investigation, the World Meteorological Organization (WMO) said.