IBT Staff Reporter

China fined French and U.S. retail giants Carrefour and Wal-Mart for lying about the price of their goods, its top economic planner said on Wednesday.

Sony Corp is set to launch a head-on challenge to Nintendo Co Ltd and Apple Inc with a new handheld game device that analysts widely expect to be unveiled at an event in Tokyo on Thursday.

U.S. foods group Sara Lee Corp rejected a buyout offer by a group of private equity firms, the New York Post said, citing two sources close to the process.

Xerox Corp's profit fell due to restructuring charges in the fourth-quarter and its chief financial officer plans to retire next month.

Facebook CEO and Time's Person of the Year Mark Zuckerberg received some private financial consultation on How to raise funds? -- courtesy, a hacker who infiltrated the CEO's fan page.

Worldwide mobile application store revenue is projected to triple to more than $15.1 billion this year and reach $58 billion in three years, according to Gartner Inc.

Stocks rose slightly on Wednesday as the positive impact from U.S. President Barack Obama's call for a lower corporate tax rate offset a weak outlook from Boeing.

The main gold exchange-traded fund, the SPDR Gold Trust, recorded its biggest ever one-day outflow on Tuesday. The precious metal is taking some support from physical demand after its slide to its lowest since October 28, but buying interest remains lackluster.

Tarmo Virki, European Technology Correspondent

Slash to get into horror film business

Ahmed Khalfan Ghailani, who played a vital role in the 1998 al Qaeda bomb attacks on U.S. embassies in Kenya and Tanzania that killed 224 people including 12 Americans and wounded thousands of others, has been sentenced to life by a Manhattan federal court.

Indian telecom sector regulator Telecom Regulatory Authority of India on Tuesday said the country had 764.76 million telephone users at the end of November 2010 after telecom operators added 22.88 million mobile subscribers in the month.

The group called Anonymous has set up a Facebook page and is asking people to take part in distributed denial of service attacks on Egyptian government web sites.

Both Bush and Clinton Adminstrations were at fault, as well as former Fed Chairman Alan Greenspan and current Treasury Secretary Timothy Geithner, as well as former Treasury chief Henry Paulson, says inquiry

The companies that reported earnings before the markets open on Wednesday are: Boeing, ConocoPhillips, Abbott, General Dynamics, United Technologies, Southern Co., Hess, Xerox, Rockwell Automation and Wellpoint.

The Department of Justice was reprimanded today by the U.S. Congress for suggesting the necessity of the Internet Data Retention legislation, which if passed would require Internet Service Providers (ISPs) to preserve records of user activity longer, but failing to provide more details on how it could aid in criminal investigations.

Calm returned to the streets of Cairo on Wednesday after demonstrations demanding an end to President Hosni Mubarak's 30-year rule, as protest leaders asked followers to regroup for a second day of action.

A Tennessee school is joining the wave of educational institutions enamored by the possibilities of Apple's latest device, which it plans on introducing to students this fall.

Egypt said on Wednesday it would ban demonstrations and detain protesters, seeking to draw a line under unprecedented protests against President Hosni Mubarak's rule.

Advertisers on the web are wary of the do Not track technology introduced to some web browsers.

Thousands of Bharatiya Janata Party (BJP) supporters massed on a bridge to the disputed Kashmir region on Tuesday as officials sought to stop a flag-raising ceremony that could spark violence.

President Barack Obama reminded Congress in his annual address Tuesday that in the U.S. We do big things, as he urged a united approach to resolving the nation's jobs and economic problems by spending in ways that will boost U.S. competitiveness globally while simultaneously reducing the nation's high deficits.

A year ago, Microsoft Corp blew away Wall Street's earnings forecasts with blistering sales of its new Windows 7 operating system and trumpeted optimism about the recovery in tech spending.

Boeing Co's quarterly profit slipped on fewer commercial airplane deliveries and its shares fell 3.3 percent in premarket trade on a disappointing earnings outlook for 2011.

In a shock result in the Australian Open quarter-finals, World No. 1 Rafael Nadal sustained an injury before losing in straight sets to his fellow Spaniard David Ferrer who qualified for the semis.

The Paper Glider app in Apple's App Store promises to help the bored kill time by seeing how far you can flick and fly your paper aeroplane but last Saturday it did something more - it helped UK-based Gail Davis win $10,000 in iTunes gift card from Apple as it was the 10 billionth app downloaded.

Stock index futures pointed to a modestly higher open on Wednesday, hours after U.S. President Barack Obama called for a lower corporate tax rate to boost the economy, but weakness in Boeing looked to limit gains.

Boeing Co on Wednesday said its quarterly profit slipped after the company made fewer commercial airplane deliveries than a year ago, and the company predicted a hit to earnings partly from delays to the 787 Dreamliner program.

World’s most populous country China plans to build 10 more mega nuclear reactors, in addition to 25 currently being built, at an investment of $121.5 billion to boost atomic power generation to meet its energy requirements.