IBT Staff Reporter

Staples Inc reported lower-than-expected quarterly results on higher costs and weak demand for office supplies, prompting the top U.S. office supply chain to slash its full-year outlook.

The IMF warned Greece on Wednesday it must redouble reform efforts to avoid derailing its fiscal program, key to dealing with a huge debt mountain.

Target Corp posted a bigger-than-expected rise in quarterly profit on Wednesday, as soaring profitability in its credit card business mitigated the impact of some sluggish sales at its stores.

In a trial of three New York securities traders on insider trading charges, several jurors told the judge on Tuesday they could consider the case separately and impartially from last week's conviction of high-profile Galleon Group hedge fund founder Raj Rajaratnam.

Samsung Electronics Co. and LG Display, the world's top two flat-screen makers, expect the depressed LCD market to start rebounding as demand rises in China and new TV models are rolled out.

Rovio Mobile, creator of hit iPhone game Angry Birds, is aiming for a stock market listing in New York in two to three years, its chief executive told Reuters.

Leonardo DiCaprio's film career has offered him a wide range of roles to play. Time and time again, Leonardo has proven he is an actor of many talents. We take a look at five of the films we believe were the best of Leonardo's career, thus far.

After it was announced that Arnold Schwarzenegger fathered a child with a member of his household staff, the identity of the mother has been revealed, according to reports.

Rumors have been circulating for a while as to whether Leonardo DiCaprio and Blake Lively are Hollywood's newest couple.

The United Arab Emirates boasts the highest mobile phone penetration in the world at more than 2.3 phones for every person, yet less than a sixth of people also access data through their handsets.

Seven policemen were killed in a landmine blast by the suspected ultra-leftist rebels (Maoists) in the eastern state of Chattisgarh on Wednesday.

Greece's plan for reducing its budget deficit will fall short unless the government steps up fiscal and structural reform efforts, the IMF's chief of mission to the debt-laden country said on Wednesday.

Spot Gold prices rallied against all major currencies on Wednesday morning, hitting $1491 per ounce and rising 1.2% from yesterday's eight-day low as stock and commodity markets also gained.

Staples Inc reported lower-than-expected quarterly results on higher costs and weak demand for office supplies, prompting the top U.S. office supply chain to slash its full-year outlook.

Apple is due to launch its MacBook Air line-up of ultra-thin laptop upgrade with SandyBridge platform and Thunderbolt interface by July.

UK’s reformed copyright law was published on Wednesday to answer the critics who said it was outdated and not keeping pace with the developing digital media.

A former Egyptian Special Forces officer and an extensively trained and experienced military strategist, Saif Al-Adel, the alleged newly appointed interim chief of Al-Qaeda could prove to be more dangerous than Osama Bin Laden. More than a mere surprise, his appointment as Al-Qaeda's 'caretaker' has great strategic implications.

Staples Inc reported lower-than-expected quarterly results on higher costs and weak demand for office supplies in an uneven economy, sending its shares down more than 8 percent.

U.S. stock index futures rose on Wednesday, helped by stronger-than-expected results from computer maker Dell and a rebound in commodity prices.

The IMF warned on Wednesday that Greece's drive to shore up its troubled finances would fail unless it sharply accelerated reforms, and the ECB hit back at suggestions a debt restructuring might be the solution.

An al Qaeda operative from Yemen has been arrested by the Pakistani forces in Karachi on Tuesday.

General Motors will build its first major electric motor plant near Baltimore in Maryland, which will be the first of its kind to manufacture critical components for vehicle electrification. It is scheduled to open in 2013, the carmaker said in a statement.

European planemaker Airbus will find out later on Wednesday whether trade judges have upheld a ruling that it benefited from billions of dollars in illegal subsidies that punished its rival Boeing .

Harmon Killebrew posted his impressive batting statistics at a time when pitching dominated baseball.

The New York Mets may have a future star at second base in Justin Turner. Mets fans are crossing their fingers after his fast start in 2011.

Foxconn International Holdings Ltd, the world's top contract cellphone maker, expects a dramatic improvement in its 2011 results, its chairman told shareholders, lifting its shares as much as 15 percent to its biggest daily gain in more than a year.

World stocks climbed off four-week lows on Wednesday and the euro recovered some ground against the dollar as investors sought bargains in recently hard-hit markets.

A group of researchers at a German university has uncovered a vulnerability in Android smartphones which allows hackers to get hold of a user's contact and calendar data over open Wi-Fi network.

PopCap Games Inc, the maker of popular smartphone and Facebook games Bejeweled and Plants vs Zombies, could list as early as November, it chief executive David Roberts said on Wednesday.