IBT Staff Reporter

The World Car Awards' jury announced the Top 10 finalists for World Performance Car of the Year in preparation for the 2011 World Car Awards winners’ press conference. See a slideshow of these sexy sports cars here.

Defense contractor Northrop Grumman Corp reported a higher-than-expected quarterly profit aided by lower pension expenses.

China, Japan and South Korea are dominating growth in international patent filings in a dramatic demonstration of the shift of scientific and economic power to northeast Asia, figures released on Wednesday showed.

Nokia has ditched plans for a new smartphone and compared the company's plight to an oil platform on fire just days ahead of a key strategy presentation, according to industry sources.

France's second-biggest mobile operator SFR said on Wednesday its parent Vivendi was in contact with Vodafone regarding the acquisition of the British operator's 44 percent stake in SFR.

By adding a laser and an ion funnel to the mass spectrometer, researchers may be better equipped to finding life on Mars.

Apple has begun to make a new version of its iPad tablet computer with a front-facing camera and faster processor, the Wall Street Journal reported, citing people familiar with the matter.

After spooking the market for two quarters with cautious forecasts, Cisco Systems Inc must do more than meet or modestly beat analysts' forecasts to win back investor confidence.

Stronger economic growth in the United States will eventually lead to rising inflation this year as increased consumer and business spending drive the recovery, according to a Reuters poll of economists released on Wednesday.

Germany's Deutsche Boerse is in advanced talks to buy NYSE Euronext, and the London Stock Exchange has agreed to buy Canadian stock market operator TMX, as exchanges globally look for ways to boost their markets and cut costs.

U.S. stock index futures fell on Wednesday a day after the Dow posted its seventh consecutive advance in weak trading volume that could signal the rally is wilting.

American International Group will take a fourth-quarter charge of $4.1 billion for raising its loss reserves, the insurer said on Wednesday.

Dissident blogger Yoani Sanchez said on Tuesday the Cuban government apparently has unblocked access to her blog, which had been off limits on the island's Internet since 2008.

The home of late American composer and songwriter, Cole Porter, has been listed for sale at $4.495 million.

Nokia CEO Stephen Elop trashes Symbian and says company is far behind Apple and Android.

Nokia has ditched plans for a new smartphone and compared the company's plight to an oil platform on fire just days ahead of a key strategy presentation, according to industry sources.

Billionaire Carlos Slim's America Movil, one of the world's biggest telecommunications firms, sees growth in new mobile subscribers slowing by around a third in 2011 due to the saturation of Latin America's markets.

Two top executives are leaving Advanced Micro Devices following the board's unexpected removal of the chipmaker's CEO last month.

It's the time of year again when all fashion enthusiasts come together for a week-long celebration of couture in New York. Mercedes-Benz Fall 2011 Fashion Week runs from Feb. 10 through Feb. 17.

House Speaker John Boehner, R-OH said on Tuesday that he should be a member of the Tea Party, the activist movement pursuing big cuts in government spending.

Coca-Cola Co reported higher-than-expected quarterly sales, as it gained market share and also saw growth in each of its major markets for the first time in years.

Prince William's bride-to-be, Kate Middleton, has de-throned Lady Gaga as the top fashion buzzword for the fashion season that starts in New York on Feb 10, according to a survey released on Tuesday.

Boeing Co may have overextended the global supply chain on its long-overdue 787 Dreamliner program, but the company is confident it will meet its third-quarter delivery target, Chief Executive Jim McNerney said on Wednesday.

The Federal Communications Commission has proposed changes in the Universal Service Fund, in a bid to improve rural broadband services.

Palo Alto, California-based start up Tello has launched a new mobile app that lets you rate the customer service of any employee at any business in just seconds.

Gold rose back towards yesterday's 3-week peaks in London on Wednesday, pushing higher against all major currencies as world stock markets slipped.

Between October and December 2010, 101 million smartphones were shipped as opposed to 92 million PCs.

Between October and December 2010, 101 million smartphones were shipped as opposed to 92 million PCs.

Spanish giants Barcelona have said Fernando Torres is over-priced and that they would never even consider paying £50 million for a player like Chelsea did to buy Torres from Liverpool on transfer deadline day last week.