IBT Staff Reporter

World airlines are set to lose $4.7 billion this year as a result of the global recession that has shrunk passenger and cargo demand, industry body IATA said on Tuesday.

Want to get across to Asia's youth? Do it through media or music, with a survey revealing that most spend on average 10 hours a day watching TV, on the Internet, reading magazines or listening to the radio.

U.S. stock index futures pointed to a lower opening on Wall Street on Tuesday, following the previous session's sharp rally fueled by better than expected housing data and by Washington's plan to help banks get rid of troubled assets.

China is not afraid of the Internet, its Foreign Ministry said on Tuesday, even as access to the popular video sharing site YouTube appeared to be blocked.

Sprint Nextel Corp is looking to rent the excess capacity on its network to makers of consumer gadgets, the Wall Street Journal said.

Asia stocks struck two-month highs on Tuesday and higher-yielding currencies jumped against the yen as Washington's plan to relieve banks of toxic debt spurred investors to pick up riskier assets.

The take-up of Nokia's N-Gage gaming service has accelerated since the top cell phone maker has started to pre-install it in new mid- and higher-end phone models, a spokesman said on Tuesday.

Activision said it named Dan Rosensweig, Yahoo former chief operating officer, to run the unit that develops the videogame software maker's unit popular Guitar Hero franchise.

The U.S. Internal Revenue Service is challenging some of the tax deals structured by AIG Financial Products Corp, the unit of the giant insurer that has caused political outrage over $165 million in employee bonuses, the Wall Street Journal said.

The chief executive of Dell Inc, the world's No. 2 PC maker, said on Tuesday rumors of IBM possibly buying Sun Microsystems were creating an enormous opportunity for Dell.

Netflix Inc is the latest media company to integrate with social networking website Facebook, whose huge community of young, tech-savvy users could help drive growth of the online DVD rental service's subscriber base.

Goldman Sachs Group Inc and China's ICBC have been in discussions the New York bank to reduce its stake in the world's largest financial institution, according to a report on Tuesday.

Antique treasures abound from Barcelona to Brimfield, MA. Some people travel so they can climb to the top of the Eiffel Tower, or ski the Rockies, or feast...

Whether you like your body scrubbed with powdered black pearls, rubbed with hot jade stones, or wrapped in coca leaves, there’s a spa out there for you. Here’s a disappointing...

The chief financial officer of Stanford Financial Group, James Davis, is cooperating in fraud investigations of the group, the Wall Street Journal reported on Monday, citing Davis' lawyer.

I was on a mission. Sick of taking pictures of churches and plazas, I set out that bright Saturday with the intention of seeing what else the capital of Ecuador's Azuay Provinces had to offer.

New air routes, hotels, and booking strategies make European travel almost as cheap as staying home. Europe. Cheap. Could there be a more tantalizing...

Warner Bros on Monday became the first studio to open its film vault to made-to-order DVDs, as it sought new revenues in a slumping DVD market by making it possible for fans to buy decades-old films.

Our insider’s guide to Orlando’s Walt Disney World shows you how to take on the town—and avoid the mousetraps. “I love Mickey Mouse more than any woman...

Pristine coral reefs, kelp forests, and sunken battle ships all make for epic dive destinations from Mexico to the Marshall Islands. Kicking to swim toward the shipwreck, Dan Orr descends...

Fifteen of 20 American International Group leading bonus recipients have agreed to give them back in full, said New York's top legal officer who is probing into $165 million in executive pay at the troubled company bailed out by the U.S. government.

It has been nearly six months. Under the Bush administration in October of 2008, the Federal government approved $700 billion that gave the U.S. Treasury the leeway to buy toxic assets directly from financial companies.

If my e-mail inbox is any gauge of the current climate, travelers are looking for ways to cut costs on airfare. I’ve gotten lots of questions lately about “consolidator” fares. Do the bucket shops...

General Electric Co. lost its AAA rating from Moody’s Investors Service for the first time in 40 years less than a week after GE said its finance unit would post a profit during the global recession and credit crunch.

Barclays is in talks with Goldman Sachs about a sale of the British bank's iShares unit, a source familiar with the situation said, adding one more name to a growing list of possible bidders.

Despite the recent wave of unconventional moves to help stabilize the U.S. economy, the Federal Reserve must maintain its independence and focus on the stability of the economy as a whole, rather than specific sectors or types of institutions, the Fed and the U.S. Treasury said in an unusual joint statement on Monday.

Longtime Bank of America Corp shareholder Jerry Finger launched on Monday his formal campaign to strip Chief Executive Kenneth Lewis of his job as chairman, saying the bank took too much risk by acquiring Merrill Lynch & Co.

Nine of the 10 executives who received top bonuses from American International Group have agreed to return them, New York's top legal officer said on Monday.

Former Time Warner Inc chairman and chief Executive Richard Parsons will step down from the board by its next annual general meeting, according to a regulatory filing on Monday.