IBT Staff Reporter

People who spend a lot of time surfing the internet are more likely to show signs of depression, British scientists said on Wednesday.

President Mahmoud Ahmadinejad said on Tuesday Iran was ready to send its enriched uranium abroad in exchange for nuclear fuel, and a U.S. official said Washington was prepared to listen if Iran was making a new offer to break an impasse over its disputed nuclear program.

More than half of Americans looked up health information on the Internet last year, U.S. government researchers reported on Tuesday.

The people who brought the world malicious software that steals credit card numbers from your personal computer and empties bank ATMs of their cash are hiring, and they're advertising online.

The two day dollar decline against the euro is stalling after the U.S. session. The range-bound trading, which has lasted nearly 7 hours, continues in the Asian session of February 3rd. It is currently trading at EUR/USD 1.3962.

AIG said on Tuesday current and former employees of its Financial Products unit had so far agreed to accept cuts totaling about $20 million in retention payments, short of a $26 million target.

Microsoft Corp's 10-month-old search engine Bing, which has struggled to make headway against Google, can be a viable runner-up and make money online eventually, according to one of its top executives.

Enjoy $9.99 electronic books while you can -- for they soon may be a thing of the past.

News Corp's results beat expectations thanks to Avatar and improved advertising sales, and the company raised its outlook and dividend in a sign of confidence for the battered media sector.

A federal court dismissed fraud claims brought by the U.S. Securities and Exchange Commission against three Cohmad Securities Corp executives accused of helping Bernard Madoff conduct a $65 billion Ponzi scheme.

White House economic adviser Paul Volcker on Tuesday told Congress to curb risky investing by big banks, warning his soul would haunt lawmakers when the next banking crisis hits if they did not heed him now.

MetLife Inc's fourth-quarter earnings fell 70 percent because of investment losses, but its operating profit beat Wall Street expectations by a penny on Tuesday as the credit market began to thaw boosting revenues at the biggest U.S. life insurer.

The Australian Dollar opens lower today at 0.8840 after a busy 24 hours. In a decision that surprised financial markets, the Reserve Bank of Australia left interest rates on hold yesterday at 3.75 per cent causing the currency to dive one US cent in a matter of minutes.

One of President Barack Obama's top advisers argued on Tuesday to impose new limits on commercial banking activity, noting strong conflicts of interest in financial institutions' proprietary or private investment activity.

Pending sales of existing U.S. homes edged up as expected in December, while home vacancies rose in the fourth quarter, pointing to a slow and painful recovery for the troubled housing market.

Kraft Foods won control of Cadbury on Tuesday as holders of almost 72 percent of the British chocolatier's stock accepted the 11.7 billion pound takeover that will create the world's biggest confectioner.

The U.S. space agency on Tuesday awarded $50 million in grants to five private firms in a first step to implement President Barack Obama's vision of turning over space transportation to the commercial sector.

MetLife Inc's fourth quarter earnings narrowly beat Wall Street expectations on Tuesday, as the credit market recovery helped the biggest U.S. life insurer increase market share and boost revenues.

Stocks rallied for a second day on Tuesday as better-than-expected earnings and encouraging data calmed investors after the market's recent sell-off.

Former Wall Street hedge fund manager David Slaine pleaded guilty last December to charges of insider trading that reaped profits of $3 million, U.S. prosecutors said on Tuesday.

Stocks rallied for a second day on Tuesday as better-than-expected earnings and encouraging data calmed investors after the market's recent sell-off.

The stock market continued its rally to close for a gain on Tuesday despite a fall in banking sector shares ahead of testimony from White House advisor Paul Volcker.

As more children connect to the Internet, a new study is showing that nearly of quarter of children have already sent or received email with inappropriate content .

Home buyers in much of the United States paid thousands of dollars below asking prices in December and for the first time in 11 months gained negotiating power, real estate website Zillow.com said on Tuesday.

Ford Motor Co posted a 24 percent increase in U.S. sales for January and outsold Toyota Motor Corp as the Japanese automaker was sent reeling by a massive recall of some of its top-selling vehicles.

Former minister Clare Short accused Tony Blair of lying over the invasion of Iraq in 2003 and stifling discussion in the British cabinet in the run-up to the war.

President Barack Obama still plans to meet the Dalai Lama, the White House said on Tuesday, despite China's warning that such a meeting would hurt ties already strained by U.S. weapons sales to Taiwan.

President Barack Obama plans on Tuesday to unveil his proposed $30 billion funds for Small Business Lending at a town hall meeting in Nashua, New Hampshire.

Airbus and buyer nations have intensified efforts to strike a deal this week over the funding of Europe's delayed A400M military transporter, exhausted by months of wrangling, sources close to the talks said.