IBT Staff Reporter

A 67-year-old man from Las Vegas was charged on Monday with shooting at the Chinese consulate in Los Angeles in a violent outburst that left no one injured, authorities said.

With a budding acting career and a renewed passion for hip-hop, rapper Common delivers both fighting talk and inspirational messages on his latest album The Dreamer/The Believer, released on Tuesday.

ESPN and ABC's NBA pregame show is expanding Magic Johnson's role and moving to Los Angeles.

We all go into sentimental movies with certain pre-set buttons that directors try to hit -- some people lose it when a beloved doggie dies, others shed tears when long-estranged lovers are reunited, and then there are those who reach for their hankies when a gruff dad finally articulates his love for his child.

Classic episodes of Fawlty Towers and Miss Marple are just a few of the titles that will be available to Netflix customers in the United Kingdom and Ireland thanks to a new licensing pact with BBC Worldwide.

Immigrants founded or cofounded almost half of 50 top venture-backed companies in the United States, a new study shows, underscoring some of the high stakes in potential immigration reform.

Oracle Corp fell well short of Wall Street's expectations on both hardware and software sales in its fiscal second quarter, wiping more than 8 percent off its shares.

Oracle Corp's profit missed Wall Street's forecasts for the first time in a decade after new software sales sputtered, hammering its shares and stoking fears that a global economic slowdown is hurting tech spending.

AT&T Inc may look to Dish Network Corp or Clearwire Corp for its next deal as it recovers from its failure to buy T-Mobile USA.

The Justice Department is probing Verizon Wireless' multi-billion dollar deal to buy wireless airwaves from cable operators and let them resell its mobile service, the department said on Tuesday.

Deutsche Telekom may be forced into a tie-up of its sub-scale U.S. wireless unit with Sprint Nextel after a $39 billion deal with AT&T collapsed.

More than 10 Italian banks are looking to apply for the European Central Bank's new three-year loans to banks on Wednesday by using state-guaranteed bonds as collateral, a source close the situation told Reuters on Tuesday.

Iran has moved most of its government websites from foreign-based hosting companies to new computer facilities inside the country, to protect them against cyber attacks, a senior official said on Tuesday.

A small private plane crashed on a busy New Jersey highway on Tuesday, killing five people including two managing directors with New York-based investment bank Greenhill & Co Inc.

The collapse of AT&T's deal to buy Deutsche Telekom's U.S. wireless unit may be welcome news for network equipment makers, as money earmarked for the merger will be freed up for investments.

Layar, one of the pioneers of mobile augmented reality, rolled out on Tuesday Stiktu, an application allowing smartphone users to combine their digital postings with real images and share them with each other.

Nike Inc's quarterly results beat Wall Street estimates, as its branded merchandise sold well across the world despite higher prices.

Greenhill & Co Inc said two managing directors were believed killed in a crash of a private plane on a busy New Jersey highway on Tuesday.

Two managing directors of Greenhill & Co Inc were believed to be among five people killed in a crash of a private plane on a busy New Jersey highway on Tuesday, the boutique investment bank said.

AT&T gives up on $39 billion bid for T-Mobile USA

Greenhill & Co Inc said two managing directors were believed killed in the crash of a private plane on a busy New Jersey highway on Tuesday. Press reports indicated the crash killed five people aboard the plane and left no survivors.

Stocks rallied nearly 3 percent on Tuesday as investors bought surging banks, homebuilders and networking companies, though low volume was seen as amplifying the market's move.

The Federal Reserve proposed new capital and liquidity rules for the largest U.S. banks that would roll out in two phases and not likely go further than international standards.

Talks over restructuring part of Greece's massive public debt ran into trouble on Tuesday as one fund walked away from negotiations, fuelling growing doubts about whether a deal that is crucial to a new bailout agreement can be reached this year.

Some versions of Nokia's Lumia 800, the first flagship smartphone from the Finnish company using Microsoft Corp's Windows Phone operating system, have a software glitch that drains the batteries.

Wall Street will be required to report complex swap trades in real time under a final rule the U.S. futures regulator approved on Tuesday, moving to lift the veil on the murky $700 trillion market, but the agency delayed a decision on block trades until next year.

Housing starts and building permits jumped to a 1-1/2 year high in November as demand for rental apartments rose, suggesting the housing market was entering a tentative recovery.

Honda Motor Co <7267.T> expects U.S. sales to jump by 23 percent in 2012 as dealer inventories return to normal levels and the Japanese automaker makes up for lost ground against rivals, executives said.

Greek finance minister Evangelos Venizelos was hopeful on Tuesday of at last reaching the deal with private sector bondholders that is key to a new bailout package for the country.