IBT Staff Reporter

It faced an exodus by film executives halfway through

World No. 2 Roger Federer flew into the semi-finals of the Australian Open with a commanding 6-1 6-3 6-3 win over Stanislas Wawrinka.

General Motors plans to add 750 jobs at its Flint Assembly, Michigan to produce Chevrolet Silverado and GMC Sierra heavy-duty pickups.

Mobile software developers remain fixated on Apple and on Google's Android as the prime targets of their toil, but Microsoft and Research In Motion are making inroads as tablet offerings multiply.

The euro hit a two-month high before easing a little on Tuesday, bolstered by strong demand for the euro zone rescue fund's first bond sale, while world stocks held steady.

Stock index futures pointed to a weaker open on Wall Street on Tuesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.1-0.2 percent.

U.N. Secretary-General Ban Ki-moon condemned preposterous comments by a U.N.-appointed expert on Palestinian rights that there was a cover-up over the Sept. 11 attacks, Ban's chief of staff said on Monday.

British financial software provider Misys Plc reported a 23 percent rise in pretax profit for the first half largely from net finance income, reflecting significant lower debt compared with last year.

Rules are needed to curb speculation in surging commodity prices as the world heads towards a food crisis that threatens political instability, the head of the U.N.'s food agency said.

Italy's Catholic Church jumped into the fray surrounding Prime Minister Silvio Berlusconi's sex scandals on Monday, warning him that politicians who behave immorally hurt the country's image and pollute its future.

A US Engineer, 66-year-old Noshir Gowadia has been given 32-year imprisonment over selling sensitive military technology to China.

An interesting tale of family disputes which are periodically settled by rough fights

The U.S. Commerce Department said on Monday it was easing restrictions of exports of high-technology goods to India in recognition of the two countries' stronger economic and national security ties.

Black Eyed Peas' Will.i.am offers the 360-degree video experience to fans with a downloadable mobile app on will.i.apps.

President Dmitry Medvedev placed the blame on Tuesday on a lapse in security for allowing a suspected suicide bomber to kill at least 35 people and wound scores at Russia's busiest airport.

Britain's water services group Severn Trent Plc said it expects exceptional charges of around 20 million pounds to 25 million pounds for the full year, mainly related to ongoing efficiency improvements and accelerated deprecation of assets.

India's new sports minister on Monday sacked the chief organiser of last year's scandal-ridden Delhi Commonwealth Games, Suresh Kalmadi, as the coalition government caught in a web of corruption cases seeks to repair its public image.

A package of U.S. tax cuts should give a lift to a global economic recovery that had already begun to gain speed late last year, the IMF said on Tuesday as it revised its world growth forecast higher.

The Reserve Bank of India (RBI) raised key interest rates on Tuesday by a quarter point each, as expected, in a bid to clamp down on resurgent inflation and warned that higher food prices could become entrenched if steps to boost output are not taken.

Lil Wayne’s 'I Am Music II' tour in March. He will hit the roads and cover 25 cities.

Private equity fund TPG Capital plans to buy 14 percent stake in packaging company Time Technoplast at a near 30 percent premium to its market price, the Economic Times newspaper reported on Tuesday.

A U.S. International Trade Commission judge has issued an initial determination that Eastman Kodak Co's patent claim against Apple Inc and Research In Motion Ltd is invalid, Kodak said.

India needs tight monetary policy to prevent food prices from spilling over to the broader economy, a top economic adviser said in a newspaper interview, ahead of a widely expected rate hike on Tuesday.

Bill Gates, one of the world's richest men and one of its best known philanthropists, said on Monday he hopes his passion for giving will soon start to take hold among the super-rich of China and India.

Despite a series of high-profile recalls and safety issues, Japanese auto major Toyota Motors still managed to beat General Motors in total unit sales and remain the largest car manufacturer in the planet.

Asian stocks rose on Tuesday, with the Nikkei gaining more than 1 percent , on optimism that companies will report strong earnings, while the euro held near a two-month high.

The Bank of Japan on Tuesday revised up its consumer price forecast for the fiscal year beginning in April, a move that reflects the impact of recent rises in commodity prices.

Texas Instruments Inc disappointed Wall Street on margins and said it will sharply increase 2011 spending despite an expected decline in revenue this quarter, sending its shares down 3 percent.

Sharp Corp said on Tuesday it had filed LCD patent infringement lawsuits in the United States against Taiwan's Au Optronics Corp.