IBT Staff Reporter

American Idol winner, Kelly Clarkson, is finally setting the record straight - she is not a lesbian and has no intention to become one.

A small, hot earth-like planet has been discovered by astronomers led by the French Space Agency using the COROT space telescope, detected outside the Solar System, which has a surface to walk on.

U.S. President Barack Obama is facing a tough challenge as he plans to send additional troops to Afghanistan.

Britney Spears' former manager Osama Sam Lutfi is suing the singer and her parents for defamation, battery, intentional infliction of emotional distress, and breach of contract.

Harry Markopolos, a former financial executive who tried to expose the alleged swindler Bernard Madoff, will tell lawmakers he feared for the safety of his family when U.S. securities regulators ignored evidence in the case, according to a prepared testimony that has been leaked.

Harry Markopolos, a former financial executive who tried to expose the alleged swindler Bernard Madoff, will tell lawmakers he feared for the safety of his family when U.S. securities regulators ignored evidence in the case, according to a prepared testimony that has been leaked.

Following a series of scandals that forced one of Obama's most important nominees to withdraw, questions have been raised over the new president's central campaign pledge to change corrupt politics.

Japan's Prime Minister has joined the European Union, Canada and President Obama in criticizing possible protectionist trade policies on American goods being discussed as part of the U.S. economic stimulus plan.

Time Warner Inc., the world's largest media company, said earnings will be little changed this year as it struggles with weaker advertising sales and spent about $250 million to slash jobs at its Warner Bros. film studio and AOL Internet unit.

Panasonic Corp., the world's largest consumer-electronics maker, announced on Wednesday that it will cut about 15,000 jobs and says it expects to post its first loss in six years amid a global economic slump.

After the significant upward correction over the last week, yesterday, Pound/Dollar stopped rising. The currency couple hit the 1.4165 bottom, made a peak at 1.4480, and closed at 1.4455. Later in the day the Cable had a very volatile market, forming a widening formation which is seen on the 1 hour chart, doing new peaks and bottoms with no clear direction. Currently the Sterling is in a consolid...

Apple's Macbook line of notebook computers faired well through the 2008 holiday season, however new research indicates that sales are ebbing in the wake of stronger economic turmoil.

Apple's Macbook line of notebook computers faired well through the 2008 holiday season, however new research indicates that sales are ebbing in the wake of stronger economic turmoil.

Toshiba on Tuesday announced its first model of touch screen smart phones running on Qualcomm's Snapdragon chipset. The TG01 was unveiled at a London event ahead of Mobile World Congress.

Toshiba on Tuesday announced its first model of touch screen smart phones running on Qualcomm's Snapdragon chipset. The TG01 was unveiled at a London event ahead of Mobile World Congress.

Sega of America Inc. and Europe Ltd. divisions today announced that it will continue their existing partnership with Marvel Entertainment to produce Iron Man 2, the video game.

Sega of America Inc. and Europe Ltd. divisions today announced that it will continue their existing partnership with Marvel Entertainment to produce Iron Man 2, the video game.

Walt Disney Company said its first fiscal quarter net profit fell 32 percent . Shares of Disney plunged 6.9 percent to $19.20 but decreased as much as 10 percent during the session following the company's report .

Ethiopian troops have crossed the border back into central Somalia, less than a week after completing a military pullout from its neighbor.

Spectrum Brands Inc., the best known maker of Rayovac batteries and Remington shavers on Tuesday filed for Chapter 11 bankruptcy protection under a heavy debt load.

Toshiba on Tuesday announced its first model of touchscreen smartphones running on Qualcomm's Snapdragon chipset. The TG01 is unveiled at a London event ahead of Mobile World Congress.

Toshiba on Tuesday announced its first model of touchscreen smartphones running on Qualcomm's Snapdragon chipset. The TG01 is unveiled at a London event ahead of Mobile World Congress.

On Tuesday, Skype announced the fourth version of its free messaging client, which aims at making the experience both easier and better in quality after a fairly long beta version.

On Tuesday, Skype announced the fourth version of its free messaging client, which aims at making the experience both easier and better in quality after a fairly long beta version.

Teen star Miley Cyrus has been accused of mocking Asians for a photo that showed up online late Monday.

On Tuesday Kyrgyzstan's president announced his country is ending U.S. use of a key airbase that supports military operations in Afghanistan.

Former manager and friend Osama of Britney Spears, Sam Lutfi has filed a lawsuit against the singer and her parents for libel, defamation, battery, intentional infliction of emotional distress and breach of contract.

Australian Dollar: After being sold off aggressively the AUD was hovering around the 63 cent mark in early morning trade yesterday but managed to drift higher heading into the

U.S.-China expert says economic crisis and climate change will shape President Obama's relations with China.