IBT Staff Reporter

Media bigwig Rupert Murdoch will not be attending the World Economic Forum in Davos, which opens on Wednesday, as he attempts to negotiate the terms to buy British Sky Broadcasting Group with the U.K. Culture Secretary.

The Oscar-winning couple have not officially confirmed the news

Stock index futures were higher on Wednesday, hours after President Barack Obama stressed a freeze on government spending and the need to lower corporate tax rates.

Wall Street is set to edge up on Wednesday, as companies continue to beat forecasts with their earnings, and with investors awaiting a statement from the Federal Reserve.

Just days after Samsung's Galaxy Tab2's new features emerged in the wild, it now seems to be HTC tablet Flyer's turn, as its features have also been leaked.

It has emerged that Formula one veteran Michael Schumacher has to fight off illness resulting from preparation in the simulator.

LG Electronics signaled a bottom for its money-losing mobile phones and TV businesses, after the world's No.2 TV brand reported a record quarterly loss.

A Japanese company is selling gold coins and mini bars through an automatic vending machine to improve ease of purchase and reduce final price.

Rise in accidents stemming from pedestrian distraction has prompted renewed call for iPod bill. New York State Senator Carl Kruger has re-introduced legislation making it illegal to use an iPod, cell phone, Blackberry or any other electronic device while crossing the street.

A technology startup backed by Google unveiled on Wednesday the world's first personal base station for international travelers, enabling them to cut roaming fees and make mobile calls like in a home country.

Indian composer A.R. Rahman bagged two Oscar nominations for his music in Danny Boyle's 127 Hours on Tuesday, raising hopes of a repeat of his double triumph at the Academy Awards in 2009.

Pakistan warned major powers on Tuesday against granting rival India membership of four key multilateral export control regimes that allow trade in nuclear and other materials, as proposed by the United States.

Corporations in China and India have been riding on strong domestic economies, much to the envy of the West, but they now worry that runaway inflation could hit growth.

McDonald's opened the latest Hamburger University in Shanghai in 2010, getting into which has a probability of less than 1 percent.

Wall Street expects Boeing Co to report a smaller quarterly profit on Wednesday on slipping commercial aircraft deliveries, while investors will be on alert for more signs of recovery and clues to the outlook for the long-delayed 787 Dreamliner.

A ministerial reshuffle has signalled India may give sorely-needed focus to the development of its burgeoning cities, whose erratic expansion is seen as a major brake on economic growth.

Toyota Motor Corp said it was recalling more than 1.7 million vehicles worldwide, the latest in a string of recalls that have ballooned to nearly 16 million since late 2009, further denting the automaker's reputation for quality.

Thousands of Egyptians across the nation staged protests on the streets against Hosni Mubarak’s regime demanding political concessions including ending emergency laws, freedom for political activity and a limit on the president’s tenure in office.

Companies better be sure they are selling the exact product they advertised to lure in customers, or be slapped with a lawsuit like Taco Bell. A California woman has brought about a false-advertising lawsuit against the fast food chain, stating that Taco Bell's beef products actually contain very little meat.

A report from OpenDNS shows that the social networking sites Facebook, MySpace and YouTube are among the most blocked and the most allowed websites.

Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for divvying up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.

Egyptian president Hosni Mubarak's son who is considered as his successor has fled to Britain along with his family, US-based Arabic website Akhbar al-Arab reported.

UK-based water supplier United Utilities Group Plc said current trading is in line with the group's expectations of delivering a solid underlying financial performance for the year ending March 31.

British software maker Sage Group Plc said trading for the first quarter were in-line with its expectations with improved revenue performance continuing from the second half of last year.

Results of the 2009 national Science Assessment showed that around 70% of students fell short of science proficiency.

President Barack Obama mentions solar singles while speaking on the need for green energy during the State of the Union address.

Lowe's Cos Inc is laying off about 1,700 middle managers across the United States, the country's second-largest home-improvement chain said.

The rising voice of protest and suicides across North Africa is the start of a popular uprising, Egyptian opposition leader Mohamed ElBaradei said.

Toyota Motor Corp said on Wednesday it would recall about 1.2 million units of the Noah minivan and other models in Japan as well as about 140,000 Avensis models overseas to fix faulty fuel pipes and high-pressure fuel pumps.