IBT Staff Reporter

Apple’s CEO Steve Jobs has announced his aim to ‘demote the PC’ industry while introducing the iCloud, Apple’s new cloud-based solution for synchronizing files across multiple Apple devices.

The Greek government expects parliament to vote on its medium-term austerity plan, a condition of a new international bailout, by the end of June, a senior government official said on Tuesday.

China's Sina Corp will launch an English version of its microblog, Weibo, by the end of the year for overseas users, a company spokesman said on Tuesday.

World number three Roger Federer withdrew from a Wimbledon warm-up tournament in Halle, Germany due to a sore groin, much to the anger of the organizers of the tournament.

General Electric Co and Capital One Financial Corp have submitted bids for ING's U.S. online banking operations in a deal worth about $9 billion, Bloomberg reported on Tuesday.

Hackers who recently broke into Lockheed Martin's security network used data stolen from an EMC security division and the company offered to replace millions of potentially compromised SecurID electronic keys.

India's Cabinet Committee on Security has cleared a $4.1 billion defense deal to buy 10 C-17 heavy lift aircraft from US-based Boeing.

General Motors will invest $130 million to build an enterprise data facility and add 25 high-tech jobs at its Technical Center campus in Warren, Michigan.

The euro ticked up in Asia on Tuesday, steadying from a slide after the Eurogroup chairman said the common currency was overvalued, while the Australian dollar dipped after the central bank kept interest rates steady.

Toshiba Corp and Sony Corp are in talks to combine their units that make small and mid-size LCD panels for smartphones and tablet computers, and may sell a stake in the new entity to the Japanese government for about $1.2 billion, sources said.

From New Delhi to Shanghai to Johannesburg, a flood of cheap handsets from the likes of China's ZTE and India's Micromax is destroying Nokia's top position in emerging markets.

Sony showed off its new PlayStation Vita handheld games device at a flashy Los Angeles event on Monday, in a bid to move on from the hacking attacks that forced the company to shut down its videogames network for almost a month.

Fast-growing measurement technology group Hexagon set new financial targets on Monday, setting its sights on stronger profitability and sales in the coming years while relying less on acquired growth.

Toshiba Corp and Sony Corp are in talks to combine their units that make small and mid-size LCD panels for smartphones and tablet computers, and may sell a stake in the new entity to the Japanese government for about $1.2 billion, industry sources said.

Today Apple has officially unveiled its new cloud service iCloud at the 2011 Worldwide Developer Conference (WWDC).

Business travel demand is holding up better than price-sensitive leisure travel in a sign of business confidence and a recovery in world trade, the chief economist of global airlines body IATA said on Tuesday.

Apple Inc CEO Steve Jobs unveiled services for people to store more of their photos, music and other data online, giving the iPad and iPhone maker the lead in a fast-expanding new consumer market.

Former NBA point guard Mark Jackson has been named the new head coach of the Golden State Warriors. After an extensive search and numerous candidates being linked to the team, the Warriors finally selected the 17 year NBA veteran and basketball analyst.

Apple Inc took a big step toward getting people to store and access their data on the Internet as CEO Steve Jobs emerged from medical leave to present the iCloud music-streaming service.

Analysts are impressed with Apple's iCloud; saying it could transform the entire computing industry.

Rafael Nadal seemingly came into the French Open limping as the number one player in the world. He had just lost on the red clay courts of the Rome Masters to Novak Djokovic, who was on a seemingly unstoppable win streak.

Hackers calling themselves Lulz Security said on Monday that they had broken into Sony Corp computer systems again, and posted the results on the Internet.

Apple Inc unveiled a new storage and retrieval service, called iCloud, that gives customers access to all their music, photographs and other files across their devices.

Apple's CEO Steve Jobs announced and unveiled the new music streaming service called iCloud at the Apple Worldwide Developers Conference in San Francisco.

Sony Computer Entertainment of America CEO Jack Tretton apologized to consumers about the PSN issue at E3.

A former portfolio manager at hedge fund SAC Capital Advisors testified a consultant on trial for insider trading regularly provided absolutely perfect information in exchange for payments.

The trustee for the brokerage arm of Lehman Brothers Holdings Inc is entitled to $4 billion in margin assets that have been the subject of a long-running legal fight with Barclays Plc , a bankruptcy judge said on Monday.

News and information provider Thomson Reuters Corp said it plans to sell a unit that supplies healthcare data and analysis to companies, government agencies and health professionals.

Zambia has asked commodity trader Glencore's Mopani Copper Mines for unpaid taxes after an audit of the subsidiary, leaked earlier this year, said it had underpaid mining dues, the country's finance minister said.