IBT Staff Reporter

U.S. banks are losing ground in the battle to combat credit and debit card fraud, a new report shows, underscoring the growing threat thieves and hackers pose for the financial system.

Billionaire investor Warren Buffett is not concerned by the sharp drop in Bank of America Corp shares in the last couple of days, despite his $5 billion investment in the company last month, he told Reuters on Tuesday.

If iPhone 4S was named iPhone 5, the world may not have been so disappointed even if the specs and features were the same. On Tuesday's Let's Talk iPhone event, Apple unveiled its new iPhone, dubbing it 4S, to be released on Oct. 14, two days after the release of iOS 5 and iCloud.

The Supreme Court on Monday let stand a ruling that the police can search text messages from an arrested criminal suspect's cell phone without obtaining a warrant.

The leading Mexican restaurant operator in the United States filed for bankruptcy on Tuesday and put its El Torito, Chevys Fresh Mex and Acapulco Mexican Restaurant chains up for sale.

A mother grizzly previously allowed to roam free after killing a hiker in Yellowstone National Park in July has been euthanized after being linked to a second fatal bear mauling in August, park officials said on Monday.

The astounding discovery that the expansion of the universe is speeding up won the Nobel physics prize on Tuesday for three astronomers whose observations of exploding stars transformed our view of the world, and of how it may end.

Apple Inc is set to unveil the fifth iteration of the iPhone on Tuesday after a 15-month hiatus, hoping to fend off hard-charging Android rivals and safeguard its lead in the smartphone market.

Apple Inc took the wraps off a new iPhone on Tuesday, but may have left some fans wishing for more than an updated version of last year's smartphone.

A stagnant economy and technological innovation have curbed business travel on the whole; but when face-to-face meetings are necessary, companies can dramatically reduce travel costs by carefully selecting the destination.

Straight from the live blogs of Apple's Cupertino Let's talk iPhone event, Apple has some exciting announcements. The technology giant has taken the wraps off iPhone 4S, which will come pre-installed with the new mobile operating system iOS 5.

Despite a late harvest in the Sonoma region of California and heavy rains that tore through vineyards, California wine makers expect this year's grapes to yield superior wines.

Steve-O has made a career of stapling his scrotum to his thigh and feeding raw chicken to alligators from his jockstrap.

Gary Knell is about to find out it's a lot easier to stick up for Bert and Ernie than All Things Considered.

Michael Jackson's fingerprints were not on the bottles of propofol found in his bedroom, ABC News is reporting. That could destroy the defense's argument that Jackson gave himself a lethal dose.

Controversial new drama The Playboy Club was axed Tuesday by NBC after just three episodes, marking one of the first cancellations of the new fall TV season.

Ford Motor Co and the United Auto Workers union said on Tuesday they had reached a tentative four-year contract that would allow the automaker to invest almost $5 billion in U.S. plants and create an additional 5,750 jobs.

The chairman of the House of Representatives intelligence committee on Tuesday accused China of widespread cyber economic espionage and said many U.S. firms were afraid to come forward for fear their computers would be the targets of even more attacks.

Despite the controversy surrounding his participation on the show, Chaz Bono has his fair share of supporters as a contestant on Dancing With the Stars.

The head of Deutsche Boerse AG , which is working on sealing its $9 billion takeover of NYSE Euronext , said exchange operators must go global to survive and cannot focus only on local markets.

Delmon Young hit the winning home run and the Detroit Tigers survived a ninth-inning scare to hold off the New York Yankees 5-4 at Comerica Park on Monday and take control of their best-of-five divisional playoff series.

The world's largest online gambling operators asked the European Union on Tuesday to investigate a new Greek gaming law, saying it violates the bloc's free market rules to the benefit of the country's sports betting monopoly OPAP.

New orders for manufactured goods fell in August but capital investment by businesses rose, providing a mixed view for how much support the factory sector will provide to the economic recovery.

The S&P 500 entered bear market territory after the open on Tuesday, down over 20 percent from its 2011 high, as European officials considered making banks take bigger losses on Greek debt and fears of contagion in the world's financial system grew.

Starbucks Corp (SBUX.O) will share profits from two of its U.S. coffee shops with non-profit groups in New York City and Los Angeles to help offset expected government funding cuts to programs for children and education.

Sprint Nextel shares fell as much as 17 percent on Tuesday as investors worried about the cost of selling the Apple Inc iPhone on top of its plans to upgrade its network and its debt obligations.

Angry protesters blockaded Greek ministries on Tuesday despite appeals from the finance minister for the public to rally around the tough measures the Athens government needs to achieve fiscal targets and avert default on its colossal debt.

Almost 200 acts survived their first encounters with Simon Cowell on The X Factor, but this week's boot camp episodes of the TV singing contest will sort out the weak from the strong.

Some of Berkshire Hathaway Inc's largest units will post record profits this year, but the conglomerate's housing-related businesses are doing as poorly as they ever have, Chief Executive Warren Buffett said on Tuesday.