IBT Staff Reporter

OPEC ministers set their sights on oil prices above $70 a barrel as they gathered for talks in Vienna, but they were expected to hold output steady and rely instead on economic recovery to push the market up.

Sales of previously owned U.S. homes rose in April, a report showed on Wednesday, providing new evidence the housing market is stabilizing and backing views that the recession is nearing an end.

Freed U.S.-Iranian reporter Roxana Saberi thanked U.S. Secretary of State Hillary Clinton in person on Wednesday for pressing Iran to release her from a Tehran jail where she was held on charges of spying.

Barcelona beat Manchester United 2-0 in the final to win the UEFA Champions League trophy on Wednesday with goals from Samuel Eto'o and Lionel Messi.

by Lisa Lambert

The new gay and lesbian curriculum was adopted Tuesday evening by the Alameda Unified School District in California.

As the numbers of online university students continue to rise and more resources become available for free online, the idea of opening up a tuition-free university appears to have come at an appropriate time.

TiVo Inc posted its second straight quarterly loss but it was smaller than expected, as the digital video recorder maker reined in costs to offset sliding revenue and slowing user growth.

Apple updated its 13-inch white MacBook adding additional speed, bigger storage and faster RAM.

Treasury Secretary Tim Geithner named Wednesday in Boston 32 organizations that are expected to receive $1.5 billion in business tax using funds from the stimulus plan Congress passed earlier this year.

President Barack Obama announced Wednesday the availability of over $467 million from the stimulus package for two Recovery Act energy programs on the 100 days anniversary since the President signed the American Reinvestment and Recovery Act.

Samsung Electronics Co Ltd said on Wednesday it renewed its NAND flash memory chip license with SanDisk Corp for seven years, at a lower royalty, while guaranteeing a portion of its chips output to SanDisk.

Yahoo Inc CEO Carol Bartz said any deal to spin off or combine its Internet search assets will require a partner with boatloads of money, and her company is talking a little bit with Microsoft Corp about a potential partnership.

Tie on your bibs: T+L cracks down on the juiciest claws, the tenderest tails, and the most overstuffed lobster rolls Maine has to offer.

AT&T Inc said on Wednesday it would double its wireless data network speeds as part of an upgrade that it aims to kick off later this year and complete in 2011.

Stocks dropped on Wednesday as rising yields on U.S. government debt fueled concern that businesses and consumers could face higher borrowing costs, which could hamper an economic recovery.

Namibia’s wilderness—a land of volcanic mountains and epic dunes—is also the backdrop for a growing number of stylish hideaways.

Boeing Co’s wholly-owned Insitu on Wednesday said it has reached its first $25 million contract for its ScanEagle SAUV vehicle for the Canadian government for Intelligence, Surveillance and Reconnaissance (ISR) operation in Afghanistan.

North Korea government announced Wednesday that it regards the 1953 armistice of the Korean War as void, meaning it could no longer guarantee the safety of U.S. and South Korean vessels in the Yellow sea.

Two lawyers who squared off in the legal case that determined the 2000 U.S. presidential election joined forces on Wednesday to ask a federal court to halt California's same-sex marriage ban, despite warnings from gay rights advocates not to mount a federal challenge.

The Myanmar court heard testimonies on Wednesday from witnesses for trying opposition leader Aung San Suu Kyi.

Digital video recorder maker TiVo Inc reported stronger-than-expected results as it managed to control costs, helping its shares rise 2 percent.

Europe’s largest oil Company, Royal Dutch Shell Plc on Wednesday unveiled new management to restructure the company’s oil major operations to increase its accountability in the current economic environment, effective July 1.

Yahoo Inc CEO Carol Bartz said the company continues to talk with Microsoft Corp about an Internet search deal, but stressed that search remains an important ingredient in Yahoo's array of online products.

Intel is eyeing to release a server carrying 8-core 'Nehalem-EX' Processor in the second half of 2009 which the company says can deliver a number of new technical advancements and boost enterprise computing performance.

R&B singer Chris Brown said he is not a monster in a video message posted online this week ahead of a court hearing over a criminal charge that he beat pop singer Rihanna, leaving her bruised and bloodied.

McDonald's Corp executives said on Wednesday that the fast-food giant's McCafe coffee roll-out is off to a good start and that data on its market share impact should be available in about six months.

Germany scrambled on Wednesday to put a plan in place to protect carmaker Opel from a looming bankruptcy filing by U.S. parent General Motors .

The president of the European Commission on Wednesday called for an overhaul of the EU's financial supervisory system.