IBT Staff Reporter

A lawsuit filed against Philip Falcone charges that the investor took advantage of his position in engineering a stock swap between his hedge fund and a small publicly traded company that he also controls.

With the Great Recession continuing to take a toll on America’s middle class, it should come as no surprise that homelessness and hunger remain tough problems for America’s cities, as the annual report by the U.S. Conference of Mayors points out.

Data warehousing company Teradata announced its acquisition of cloud-based integrated marketing software maker Aprimo for $525 million to boost its analytics portfolio to counter Oracle, IBM and Microsoft.

Sales of previously owned U.S. homes rose in November, offering the latest sign the economy was ending the year on a more solid footing after a sluggish third-quarter performance.

(In Dec 17 item, corrects Michael Gault's attribution to Weiser Capital Management in paragraph 9)

Existing home sales in the U.S. picked up again in November, after a surprising drop during October, according to a report by the National Association of Realtors.

Apple Inc has joined a growing number of U.S. companies that have severed ties with WikiLeaks, removing an application from its online store that gave users access to the controversial website's content.

Backdropped by the U.S. flag, and the flags of each military branch, President Barack Obama signed the repeal of the Don't Ask, Don't Tell into law on Wednesday.

After Pennsylvania case, Google again stumbles over another privacy issue as it’s Street View cameras captured the image of a Japanese woman’s underwear, said a report in Mainichi Daily.

Researchers in Sweden have discovered a new molecule named Trinitramid that may be a component in future rocket fuel, which could be 20 percent to 30 percent more efficient than the ones currently available.

JPMorgan took a hit in its equity capital markets business in 2010 even though its dominance in debt markets allowed it to cling on to the global top spot for investment banking fees.

Europe's confidence that it need not follow the United States in adopting rules to ensure fair Internet access may be short-lived, as competition between mobile operators and service providers like Skype intensifies.

A senior bullion logistics executive in Switzerland yesterday told BullionVault that shipments of Gold Bullion to China are running much higher – and have begun much earlier – to meet consumer demand for the Chinese New Year, which will start on 3rd Feb. 2011.

Microsoft plans to unveil its plans over a new Windows operating system (OS), specifically crafted to optimize the ARM (Advanced RISC Machine) CPU architecture for smartphones and tablets, signifying its departure from a long standing relationship with x86 Intel chips.

The US Senate is due to vote on the new strategic arms reduction treaty between the country and its former cold-war rival Russia on Wednesday. The House on Tuesday voted to close out the debate 67 votes to 28, after the Democrats were joined by 11 Republicans.

The U.S. economy grew 2.6 percent in the third quarter, according to a third estimate by the U.S. Commerce Department, up from the 2.5 percent estimate given in November.

Most massive stars in the universe can and do form essentially anywhere, including in near isolation and very small clusters, and they don't need a large stellar cluster nursery, a new study finds. The findings does not support the scenario that the maximum mass of a star in a cluster has to correlate with the size of the cluster.

National Association of Software and Service Companies (Nasscom) expects India’s IT-BPO industry to reach $70 billion mark by the end of the current fiscal following rise in demand for software technology products.

Apple Inc has joined a growing number of U.S. companies that have severed ties with WikiLeaks, removing an application from its online store that gave users access to the controversial website's content.

England batsman Kevin Pietersen says his side will be ready for the fourth Ashes Test at Melbourne on Boxing Day, as Australia's Peter Siddle vows to continue with his sledging.

The Rev. Stephen Petrovich, 58, of Huron, Ohio, is Metropolitan Archbishop Emeritus of his orthodox Ukrainian Church. He does not perform archbishop duties because he is dying, from the damage to his lungs from the air at Ground Zero in 2001. Petrovich spent nearly two weeks at Ground Zero giving last rites to human remains and counseling the living.

Enterprise data warehousing company Teradata Corp agreed to buy privately held Aprimo for $525 million to expand into cloud software services, as it gears to meet challenges from larger rivals IBM and Oracle.

Activision Blizzard Inc _ wants to add archrival Electronic Arts Inc to a $400 million lawsuit related to its Call of Duty video game franchise.

25 percent of employed Americans are most grateful for the stability in their jobs

FIFPro, the International Players' union, has supported calls to play the 2022 FIFA World Cup in Qatar during winter instead of summer.

The S&P 500 and Dow were slightly lower on Friday amid renewed concerns over euro zone debt, but strong results in the tech sector helped keep the Nasdaq in positive territory.

Stocks rose on Wednesday on strength in financials, putting the S&P 500 on the path for a fifth-straight session of gains and lifting it to levels not seen since before Lehman Brothers Holdings' bankruptcy.

Cote d'Ivoire's disputed president, Laurent Gbagbo, has announced that he would be willing to engage with the rival faction of Alassane Ouattara. In a televised address, he announced that the international community had declared a war on the African nation. The incumbent president also called on the Opposition to leave Abidjan's Golf Hotel and return to their homes.

Sony Corp plans to buy back a Nagasaki semiconductor plant from Toshiba Corp for about 50 billion yen ($597.2 million) to double output capacity for image sensors used in smartphones and other devices, the Nikkei business daily reported.