BUSINESS

Recently-granted patents suggest Apple will implement a near-field communication (NFC) chip into its sixth-generation iPhone -- presumably called the iPhone 5 -- but in addition to sending and receiving payments from customers to merchants, Apple will also reportedly use this chip to send and receive gifts from one iPhone to another.

Regarding its banking system, the United States has now experienced its third generation of heads the banks win, tails the taxpayer and the public loses.? Is there a better way? Is it possible to create a bank that serves the people of the United States?

It?s not just enterprises and government agencies that are already starting to benefit from the new era of so-called ?Big Data.? Consumers are already beneficiaries, even if they don?t know it.

A senior US diplomat arrived in Beijing Sunday ahead of schedule as the reports of US protection to escaped Chinese activist Chen Guangcheng triggered tension between both the countries.

Skytarx, the most prestigious brand associated with the recognition and reviews of air travel standards worldwide, has recently released the annual report of the World Airline Awards and World Airport Awards.

A man from Montgomery, Alabama, has been charged with child pornography and sexual exploitation after he faked his identity as pop sensation Justin Bieber and got young girls to perform sexual acts on the internet.

South Korean smartphone maker Samsung Electronics is planning to incorporate the designs and features of their much hyped next generation phone - Samsung Galaxy S3 - in a Windows 8 version, reports Windows Phone Life.

India-born Lakshmi Mittal, CEO of the steel giant Arcelor Mittal, retained the wealthiest Briton crown for the eighth consecutive year.

Cellular therapies will change the landscape of treatment options for heart disease patients, making them economical for all classes of society, says eminent Indian American Heart Surgeon Dr Mukesh Hariawala.

U.S. Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner are not planning to postpone their visit to China next week because of the reported American protection of a Chinese civil-rights activist who recently escaped house arrest, a State Department official said Saturday.

NASCAR will have its first-ever all-electric pace car at the Sprint Cup Capital City 400 race at the Richmond (Va.) International Raceway on Saturday. All decked out in NASCAR livery will be the 2012 Ford Focus Electric vehicle that the Ford Motor Co. (NYSE: F) unveiled on video this week.

Gamification is the application of game mechanics like progression, prestige, competition and social feedback in non-gaming environments to change user behavior. In the pre-digital world, gamification took the form of marketing programs like frequent-flier miles, for example, but the Internet has taken gamification into more interactive and innovative areas.

While the lineup of next-gen consoles including Sony's PlayStation 4 Orbis, Microsoft's Xbox 720 and Nintendo's Wii U are still not near their launch time frame. However, their predecessor flagship model's favorite games are surely in line up with their sequel releases for this year.

Verizon Wireless will be offering the Samsung Galaxy S3 once the smartphone hit market on May 3, reports BGR. The latest news is a relief for Samsung fans who are presently on the Verizon as they missed out on the Galaxy S2 when it was released last year, instead settled for the Nexus option.

A video showing a man being buried alive allegedly by Syrian soldiers has gone viral after it was posted on YouTube Wednesday.

While user excitement and rumors about Apple devices mainly flock around iPad and iPhone, Apple HD TV is also slowly yet strongly making its presence felt among TV addicts.

Samsung is not alone to sizzle up the market with its next-gen smartphone offering. There are other Android manufacturers in the showground who are all set to splash the smartphone arena with their latest flagship devices to challenge Samsung's upcoming Galaxy S3.

India on Friday allayed US allegations that the proposed retrospective amendments to the Indian tax laws are discriminatory and will adversely impact the US investments.Indian Finance Minister Pranab Mukherjee told Lok Sabha that the proposed amendments will not have any negative impact on the foreign investments. His clarification came after the new US ambassador to India Nancy Powell raised the issue in a business meeting on Friday at New Delhi.

The US and India are in the final stages of signing an $8 billion defense deal that would make India a key market for the US foreign military sales, says US Ambassador to India Nancy Powell.

David Dalton, was said to have withdrawn his role as defense attorney for GCW in January. According to The St. Louis website, Dalton is said to be back as defense counsel.

Industrial & Commercial Bank of China and China Construction Bank Corp reported a weak growth in the first quarter due to slowdown in the economy.

The International Monetary Fund has reduced the growth forecast of India for this year citing a slowdown of investment and governance problems.

Chinese activist Chen Guangcheng made his way to the U.S. embassy in Beijing from his home in Linyi village in Shandong province after his escape from house arrest on Sunday, fellow dissident Hu Jia told BBC News.

One of the most distinguished films at the Tribeca Film Festival in New York this year is Cheerful Weather for the Wedding. Set in 1932 England, the film centers on a bride's gloomy wedding day.

China's economic relationships with Eastern Europe are deepening. Although the Asian power's trade with the former Communist bloc often goes unnoticed in the Americas, it has increased significantly in recent years.

Consumer, producer, and environmental groups are concerned that Dow AgroSciences appears to be on the cusp of winning U.S. regulatory approval for genetically engineered corn -- a move that could potentially have devastating consequences by encouraging the increased use of the herbicide 2,4-D.

India and Russia have chosen to boycott Zimbabwe's 53rd International Trade Fair this year to express their deep discontent with the country's new policies to nationalize and seize control over foreign companies.

Investors might be in for another week of gloomy economic news. The U.S. nonfarm payrolls report, Institute for Supply Management data, and the European Central Bank's monthly policy meeting are key items on the economic calendar from April 30 to May 4.

Markets shrugged off news of weaker-than-expected first-quarter growth in U.S. gross domestic product and responded positively, if modestly, to news of stronger-than-expected consumer confidence.