IBT Staff Reporter

IBM reported a bigger-than-expected fall in quarterly sales, showing that even one of the healthier U.S. technology companies was being hurt by a slowdown in corporate spending.

The world's top cellphone maker Nokia has sold its enterprise mobile TV unit to India's Wipro, a spokesman for Nokia said on Monday.

U.S. President Barak Obama, speaking at the close of the Summit of the Americas on Sunday said the relations between U.S. and Cuba need to be backed up by action not simply words.

The Oracle-Sun acquisition could thrive under oracle ownership according to analysts, but it could be a bleaker outcome for MySQL.

Oracle Corp plans to enter the computer hardware market by buying Sun Microsystems Inc for more than $7 billion, swooping in after Sun's talks with IBM fell apart.

Texas Instruments on Monday posted a surprise quarterly profit on better-than-expected revenue and gave a rosier outlook for the current quarter as demand for its chips appeared to stabilize.

U.S. stocks slid more than 3 percent on Monday after weak results from Bank of America reignited concerns over the state of the banking industry and the economy.

Fannie Mae , the largest provider of U.S. residential mortgage funding, on Monday named Michael Williams, an 18-year veteran of the government-controlled company, as president and chief executive officer.

Adobe Systems Inc. announced that it will be bringing its popular Flash technology beyond computer screens to Internet-connected televisions, set-top boxes, Blu-ray players and other home entertainment devices.

Russia responded cautiously on Monday to U.S. President Barack Obama's plans for a nuclear-free world, saying a number of conditions would need to be met for the vision to become reality.

At least 177 people have been killed in weekend attacks on villages of the Lou Nuer tribe by armed men from the rival Murle ethnic group in south Sudan's Jonglei state, a government official told Reuters on Monday.

The U.S. Treasury on Monday sought to cut off the flow of money to the head of a group considered responsible for killing more than a dozen Chinese police officers ahead of last year's Beijing Olympics.

Airline stocks were down Monday as the Dow Jones Industrial Average declined 130 points to 8,001 after the Air Transport Association posted its March passenger revenue fell 23 percent in the United States.

The New York Times took the lead for the Pulitzer Prize this afternoon walking off as the winners in five categories including investigative reporting, breaking news reporting and international reporting.

At 3 a.m. on a moonless, steamy night, I trudged along a stretch of Caribbean coast, peering into the darkness. My sneakers sloshed with a mixture of wet sand and seawater; sand flies bit my ankles.

The April 20 dates back to the 1970's when a group of Northern California teenagers smoked marijuana daily at 4:20 p.m., The New York Times reported Monday.

PepsiCo Inc offered $6 billion to buy the remaining stakes in its two largest bottlers, Pepsi Bottling Group and PepsiAmericas, as it seeks to secure more control of its distribution and cut costs.

Britain's AQA 63336, a general information company that receives and answers queries by mobile phone texts, launched a new text media service on Monday for providers of information on specific subjects, such as a local sports team's results.

Microsoft's chief executive said on Monday he was 'very surprised' by Oracle Corp's plans to buy Sun Microsystems Inc.

Somali pirates released a hijacked ship and its 19-man crew after they found out it was picking up food aid for their hungry countrymen, a Somali clan elder said Monday.

Apple, in its newly ads Get a Mac campaign addressing a selling point for Macs vs. PCs has ignored price wars and over Microsoft’s latest “laptop hunter” series of commercials.

Texas Instruments on Monday posted a small quarterly profit and better-than-expected revenue as demand for its chips appeared to stabilize even though it emphasized caution about the business climate.

“Don’t go chasin’ waterfalls,” sang the ladies of TLC in their huge ‘90s hit.

President Obama convenes his first formal Cabinet meeting Monday and asked department and agency chiefs to find way to cut $100 million out of the federal budget over the next 90 days, a senior administration official said.

Does your generic local multiplex get you down? Are you pining for a little movie action under the stars, snack bar included? A legit drive-in theater is hard to come by these days, but if you’re anywhere near Cape Cod this summer,

Investors are expected to look past a weak crop of earnings reports from U.S. chemical companies this quarter and focus on whether a potential economic upturn can keep shares on an upswing, analysts said.

A surge of troubled loans overshadowed better-than-expected earnings at Bank of America Corp, and the largest U.S. bank said it expects the credit situation to worsen, driving its shares down 24.3 percent.

Think participating in a TV audience is just for fans? Not always. When Jenny Jones was preparing for her show’s launch in 1991, she dropped by a taping of The Phil Donahue Show.

Hewlett Packard appears to be in a serious move to increase its laptop sales market share.