IBT Staff Reporter

The U.S. Securities and Exchange Commission wasted $1 million on virtual data storage it bought in 2008, the agency's internal watchdog said, part of a series of investigations into the agency's procurement practices.

As frantic search and rescue efforts continue, President Barack Obama said Tuesday he was heartbroken over images from Missouri of the deadliest U.S. tornado devastation in more than 60 years and said he would travel to the area by next Sunday.

Harold Camping, the Doomsday prophet who falsely predicted that May 21, 2011 would be the End of the World, said at an Open Forum on Monday that he is not responsible for the suicidal acts committed by deceived followers.

Yahoo! (NASDAQ:YHOO), the premier digital media company, today announced that the latest version of Yahoo! Mail will roll out of beta testing and be available for all 284 million users worldwide to upgrade in the coming weeks. Already one of the largest and most trusted email brands in the world, Yahoo! Mail brings conversations to life through a faster, safer, and more personal communications experience. Yahoo! will also make the latest version of Yahoo! Mail available to its global partners, i...

Harold Camping is expects the end of the world to come on October 21 after a spiritual' May 21 Doomsday and will keep his worldly possessions, and money given by donors.

Sony Corp's shares bounced back from two-month lows after the electronics conglomerate said this year's operating profit would match last year's, easing worries about the impact of the March earthquake.

14:57 24May11 -TIMELINE-Greece seeks new tranche of 110 billion euros ($155 billion) loan

Google Inc will launch a mobile payment system on Thursday, in the latest bid to help consumers pay at the checkout with smartphones instead of traditional credit cards, a person familiar with the matter told Reuters on Tuesday.

Boeing Co will retain the ability to re-engine the current model of its hot-selling 737 narrow body jet should the company be unable to produce a completely redesigned version, Chief Executive Jim McNerney said on Tuesday.

Contractors and businesses that received money through the 2009 federal economic stimulus plan owe billions in unpaid taxes to the government, a federal auditor said on Tuesday.

U.S. stocks dipped in light volume on Tuesday as lingering concerns about a slowdown in growth more than offset gains in energy shares.

Harold Camping admitted one mistake on his Family Radio program: he got the nature of the judgment wrong.

The Pentagon is very encouraged by Wall Street's response to aerospace companies and arms makers, even as defense spending flattens, the top U.S. weapons buyer said on Tuesday.

U.S. President Barack Obama met Britain's Queen Elizabeth and her husband at Buckingham Palace on Tuesday. He is under a two-day state visit to keep the special relationship between United States and Britain.

NASA's sky cameras recently caught a massive meteor soaring over Georgia. Take a look of a few videos of the meteor.

While the feud over the Dodger's ownership among owner Frank McCourt and wife Jamie McCourt escalates, one other lawsuit has additionally heightened the already tense Dodger nation.

After the failed doomsday prediction, a new question arises in the hearts of doomsday anticipators - is the world going to end on October 21, 2011 or December 21, 2012? The numbers sound similar, but there is quite a gap in the reasoning behind them.

Sales of newly built single-family homes rose for a second straight month in April and supply was the lowest in a year, but an overhang of previously owned houses on the market could hobble recovery.

Oil rose 2 percent on Tuesday in choppy trading after Goldman Sachs raised its price forecasts for Brent crude, saying demand from economic growth will eat into stockpiles and OPEC spare capacity.

Europe's policy options to avert a Greek default are narrowing fast after the ECB and ratings agencies warned against even voluntary debt rescheduling and Athens highlighted its urgent need for more EU cash.

While the focus has clearly been on 'Doomsday' preacher Harold Camping and his predictions of a rapture and the end of the world, reports have also given a tangential glimpse at his wife.

A Russian software firm has reported that it cracked the encryption on an iPhone, though it requires possession of the device.

Barnes & Noble introduced its new Nook touch reader, analysts say it has impressive specs.

U.S. stocks dipped in light volume on Tuesday as lingering concerns about a slowdown in growth more than offset gains in energy shares.

Shares of newly public Russian Internet search company Yandex NV rose 50 percent on Tuesday, evidence of the same ardent investor interest that doubled LinkedIn Corp's share price after its initial public offering last week.

Barnes & Noble Inc unveiled a new e-reader on Tuesday that features a touch screen, weighs less than a paperback book and has a battery life of two months -- features designed to help it compete with Amazon.com Inc and Apple Inc.

French President Nicolas Sarkozy softened his usually tough stance on Internet regulation at a forum that brought together tech titans in Paris, but stark divisions remained on everything from privacy to copyright.

TiVo Inc , which makes digital video recorders, reported a quarterly profit, reversing a year ago loss, thanks to the blockbuster patent settlement it reached with Dish Network Corp and EchoStar Corp .

A planned modernization of the U.S. national power grid will cost up to $476 billion over the next 20 years but will provide up to $2 trillion in customer benefits over that time, according to industry experts.