IBT Staff Reporter

Amazon has dropped the price of its popular e-book reader by $25 to $114, a signal that the company is moving towards a $99 version.

Banks need to do more to shift away from a culture of risk and the excessive pay structures that prevailed before the financial crisis, an industry report said.

Controversy has come up with Kim Kardashian's latest magazine cover.

Sky-high oil prices are beginning to dent oil demand growth, the International Energy Agency said on Tuesday, but added prices could ultimately moderate through a global economic slowdown.

Requiring systemically important banks to hold extra capital is one of many steps regulators must take to make the global financial system safer, a top Wall Street regulator reiterated on Tuesday.

The Obama Administration is trying to balance keeping spending up in certain areas while cutting federal deficits and may be open to striking a deal with Republicans to raise the debt ceiling above its current $14.3 trillion levels.

Chelsea midfielder Frank Lampard said Champions League success is what owner Roman Abramovich deserves after transforming the club to a world powerhouse.

Stocks index futures fell on Tuesday in the wake of a disappointing revenue miss from Alcoa and Japan's upgrade of the severity of its nuclear crisis.

Stocks index futures fell on Tuesday in the wake of a disappointing revenue miss from Alcoa and Japan's upgrade of the severity of its nuclear crisis.

In order to take on Apple's slimmer and lighter iPad 2 Amazon announced the launch of a cheaper Kindle which lends its screen space to advertisers and sponsors.

Google goes green by investing $168 million in Ivanpah Solar Electric Generating System, California.

A U.S. Environmental Protection Agency draft assessment of the potential health effects associated with formaldehyde exposure needs substantial revision, says a new report from the National Research Council, which recommends improvements for EPA's final assessment.

While shooting a time lapse of a flight from San Francisco to Paris, photographer Nate Bolt was in for a celestial surprise when he managed to capture the Northern Lights.

A three-year prison sentence handed to a blogger who criticized Egypt's army suggests the country's military rulers are drawing red lines around permissible speech, Human Rights Watch said.

Nasdaq OMX Group and Deutsche Boerse are wooing major NYSE Euronext shareholders, as both exchanges stand by their bids for the Big Board parent and dig in for a drawn-out battle.

India's top three technology firms are likely to post strong quarterly profit and indicate robust revenue growth for the year ending March 2012 as overseas clients boost technology spending in an improving global economy.

Nasdaq OMX Group and Deutsche Boerse are wooing major NYSE Euronext shareholders, as both exchanges stand by their bids for the Big Board parent and dig in for a drawn-out battle.

Stock index futures pointed to a lower open on Tuesday, with futures for the S&P 500, Dow Jones and Nasdaq down 0.4 to 0.6 percent at 0903 GMT.

Hewlett-Packard Co had considered buying business software company Tibco Software Inc until two weeks ago when talks fizzled, two sources familiar with the matter told Reuters.

Google will join BrightSource Energy Inc. and NRG Solar LLC as an equity investor in the Ivanpah solar electric generating system by making a $168 million investment.

The economic damage from Japan's massive earthquake and tsunami last month is likely to be worse than first thought as power shortages curtail factory output and disrupt supply chains, the country's economics minister warned on Tuesday.

Nokia, the world's largest phone maker by volume, unveiled on Tuesday two new smartphone models running on a new version of its Symbian software platform.

A memo released online by the Federal Bureau of Investigations (FBI) in its 'Vault' has emerged as proof for the famed landing -- or crash or capture -- of a flying saucer with three dead aliens in Roswell in New Mexico in June 1947.

Intelsat S.A., the world’s leading provider of fixed satellite services, announced today that the launch of Intelsat New Dawn has been rescheduled to Friday, April 22 at 5:37 p.m. (EDT). The satellite, loaded on an Ariane 5 rocket, will be launched from the Spaceport in Kourou, French Guiana.

Bank of America Corp's internal auditors are reviewing why its chief financial officer and chief accounting officer were not consulted before the bank disclosed to investors that its dividend increase had been rejected by regulators, the Wall Street Journal reported.

iPad users can now subscribe for Bloomberg Business week through a new app called Business week plus. This app will deliver the user with global news updates and market trends. It will also provide updates on the companies mentioned in articles.

The U.S. Food and Drug Administration (FDA) has approved the first test to help diagnose people with signs and symptoms of dengue fever or dengue hemorrhagic fever. Manufactured by Seattle-based Inbios Inc., the DENV Detect IgM Capture ELISA test detects antibodies to dengue virus in blood samples from patients who have signs and symptoms of dengue.

Lady Gaga has hit the headlines yet again for enduring another nasty fall on stage during her Monster Ball tour. The tumble-prone pop diva has had many a great falls in the past, see all those videos here.

Brent crude fell to around $123 a barrel on Tuesday, extending overnight losses, on concern high fuel prices will destroy demand and after Goldman Sachs advised investors to lock in commodity trading profits.