IBT Staff Reporter

New acts have been added to the performance roster for the 51st annual Grammy Awards, and they are major.

Lantau Island features the world's tallest outdoor seated bronze Buddha, along with the Po Lin Monastery, Tai O village on stilts, Ngong Ping 360 and Hong Kong Disneyland.

Take the iconic Star Ferry to enjoy stunning views around the harbour, and don’t miss the nightly A Symphony of Lights show featuring harbour-front buildings.

General Motors Corp said Monday it is slashing 2,000 jobs at two plants in Michigan and Ohio and will reduce production in about 13 other factories as demand for vehicles drops.

Jessica Simpson showed off new curves as she performed in a concert over the weekend at Sunday's Radio 99.9 Kiss Country Chili Cook-off at Pembroke Pines, Fla.

Hong Kong's most popular attraction, The Peak offers spectacular views over the city, harbour and mountains beyond. For an extra buzz, take the Peak Tram.

John Thain, former Chief Executive of Merrill Lynch & Co. pledged to reimburse to the firm the $1.2 million he spent to renovate his office saying it was a mistake.

Sony is offering portable gamers in Japan the option of four new and very bright colors for their gaming enjoyment.

Police in the Bahamas have detained an island lawmaker and a paramedic in an alleged plot to extort money from actor John Travolta, both who were by the Tavolta's side in the moments leading up to and after the death of their only son, Jett.

Officials of Microsoft said late last week they already have more than enough beta testers for Windows 7, but are still extending the cut-off date for downloads of the beta release.

Obesity can be caught as easily as a common cold from other people's coughs, sneezes and dirty hands, scientists said Monday.

On Monday two U.S. helicopters crashed in northern Iraq, killing four American troops.

San Francisco-based micro-blogging company has followed up on its previous $20 million in funding with a similar sized round that has yet to be announced.

Men who are sexually active in their twenties and thirties are more likely to develop prostate cancer later in life according to a new study.

CSI: Crime Scene Investigator cast member, Gerald McCullouch was attacked on a New York City subway by a knife-wielding mugger early Sunday.

George Eiisenheart, a promoter for the Motor Sports Monster Truck and Thrill Show has died Saturday Night from injuries in an accident at an event in Madison, Wisconsin.

Apple confirmed on January 27, 2009, the shipment of the Apple's creativity application suite called iLife. There are no new applications in this release, but a whole raft of upgrades and improvements.

On Monday shares in British Airways PLC slid over 7 percent Monday after the company warned that it would likely post an operating loss of 150 million pounds ($207 million) for its March fiscal year end.

Illinois' beleaguered Gov. Rod Blagojevich said Monday that he considered appointing talk show queen Oprah Winfrey with President Barack Obama's senate seat.

Slumdog Millionaire, the rags to riches tale of a Mumbai slum dweller, emerged as favorite to win the best picture Oscar after winning the top prize at the 15th Screen Actors Guild awards on Sunday.

Amid an unprecedented global economic crisis, The World Economic Forum 2009 taking place in Davos, Switzerland kicks off from Jan 28 to February 1, as thousands of key economic figures come together to discuss and find ways to stabilize and relaunch the global economy.

Caterpillar Inc., the world's largest maker of mining and construction equipment, said Monday its fourth-quarter profit fell more than 32 percent, and plans about 20,000 job cuts.

McDonald's began 2009 by reporting strong end to 2008, as the global fast food chain continues to do well in difficult economic times with a fourth quarter profit that beat Wall Street analysts' expectations.

Several Israeli soldiers may be charged with war crimes resulting from civilian deaths in the Gaza strip and for this a legal team will be in place to defend them, the nation’s Prime Minister said Monday.

Bank of America had a role in the payment of bonuses worth $4 billion that Merrill Lynch approved for its executives ahead of the brokerage's sale to BofA, the Financial Times reported Sunday.

Pharmaceuticals giant Pfizer Inc will acquire Wyeth in a $68 billion cash and stock deal -- the biggest U.S. merger in three years -- to create a diverse health products company which executives hope will deliver stable growth to investors, the companies said on Monday.

Drugmakers Pfizer and Wyeth are close to sealing a deal worth $68 billion in a cash-and-stock deal that could be announced before the markets open Monday, according to reports.

Chrysler LLC urged its U.S. dealers on Sunday to cut costs and order more of its vehicles as the automaker moves to secure additional government aid.

Actress Zsa Zsa Gabor has lost as much as $10 million as a result of fraudulent investor Bernard Madoff 'Ponzi' scam, according to her attorney, Chris Fields.