IBT Staff Reporter

A global cyber arms race is engulfing the Internet and the best way to counter the rapidly escalating threat is combining the efforts of U.S. agencies, private firms and international allies, cyber security officials said on Tuesday.

Well over half of people globally use the Internet to search for information on entertainment and hobbies, according to a new survey.

Stock index futures bounced back on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.

Stock index futures bounced back on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.

Britain's top share index rose around midday on Friday with banks leading the gainers after being boosted by a positive broker comment.

Stock index futures bounced back on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.

HELSINKI, April 11 - Nokia unveiled on Wednesday its Lumia 610 NFC model, first to take the emerging near-field communication technology that drives instant payment systems to Microsoft's Windows Phone platform, and promised more models in the future.

Billionaire Sheldon Adelson said on Wednesday he plans to spend $35 billion on a mini-Las Vegas strip in Spain where he is courting the country's two top urban areas, Barcelona and Madrid, with plans for a casino complex.

Nokia has found a software bug in its Lumia 900 smartphone, its answer to Apple's iPhone, and is effectively giving the model away until it is fixed, blunting its bid to turn around its fortunes in the United States.

Stock futures pointed to a higher opening for equities on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.1 to 0.3 percent.

IBM is taking aim at competitors such as Hewlett Packard Co and Oracle Corp with PureSystems, a new product line that helps companies reduce time and money spent on increasingly complex information technology maintenance.

Struggling cellphone maker Nokia has found a software bug in its new flagship Lumia 900 model, dealing a blow to its ambitions to re-enter the lucrative U.S. smartphone market.

Best Buy Co Chief Executive Brian Dunn suddenly resigned from the company during an investigation into allegations of personal misconduct, the electronics retailer said on Tuesday.

Carlyle Group LP is eyeing a market valuation of $7.5 billion to $8 billion in an initial public offering, as the U.S. private equity firm prepares to kick off a marketing blitz to investors, perhaps as soon as next week, said a source with knowledge of the situation.

The Bank of Japan will consider easing monetary policy at its next rate review on April 27 by boosting government bond purchases under its asset-buying program, sources familiar with the central bank's thinking said, as it battles to nudge consumer inflation toward its 1 percent target.

Activist hedge fund Starboard Value, dissatisfied with AOL's $1 billion deal to sell the majority of patents to Microsoft Corp , has filed with U.S. regulators for the nomination of three of its candidates to the board of the Internet firm.

Billionaire Sheldon Adelson said on Wednesday that he plans to spend $35 billion on a mini-Las Vegas strip in Spain, where he is courting the country's two top urban areas, Barcelona and Madrid, with plans for a casino complex.

Japan's core machinery orders rose unexpectedly in February, reinforcing expectations that rebuilding in the earthquake-battered northeast will bolster corporate spending and economic recovery although risks loom from a resurgent yen and wobbly overseas economies.

The U.S. House of Representatives will take up a cybersecurity bill at the end of April that lets the government and corporations share information about hacking attacks on U.S. networks, with amendments intended to ease civil liberties concerns, lawmakers said on Tuesday.

Bank of America Corp's proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York's attorney general, who said the accord appears unfair to investors who may deserve to recover more.

Carlyle Group LP, the private equity firm with $147 billion in assets under management, is planning to sell a 10 percent stake in its upcoming initial public offering, a source familiar with the matter said on Tuesday.

The Justice Department could sue Apple Inc as early as Wednesday over alleged electronic book price-fixing, while settling with several publishers as early as this week, two people familiar with the matter said.

Ford Motor Co will partner with Yahoo Inc on a reality show this spring to promote its first electric passenger car, a move that comes as the auto industry is growing more pessimistic about the prospects for these kinds of vehicles.

Bonuses offered by the U.S.'s biggest securities companies to recruit top brokers are reaching their loftiest levels since the financial crisis, and none of the big firms are retreating from the bidding war.

Reebok International Ltd agreed to settle a lawsuit by rival Nike Inc, and will stop selling New York Jets football apparel with the name of the team's popular new quarterback, Tim Tebow.

China's ZTE Corp, which recently sold Iran's largest telecommunications firm a powerful surveillance system, later agreed to ship to Iran millions of dollars worth of embargoed U.S. computer equipment, documents show.

Best Buy Co Chief Executive Brian Dunn is stepping down from the world's largest consumer electronics chain, which said it is looking for a new CEO to help it better compete against Internet retailers and discounters.

The selloff in U.S. stocks accelerated on Tuesday, as the Dow and S&P 500 dropped for a fifth day, with the pullback coming on the cusp of earnings season.

Yahoo Inc Chief Executive Scott Thompson outlined how the Internet pioneer will revive itself by putting in place a new structure to sharpen its focus on users, advertisers and overlooked areas such as commerce.