IBT Staff Reporter

Global shipments of personal computers bounced back in the third quarter of 2009, a sign that information technology spending will pick up in the coming months, a research group reported on Wednesday.

Bailed-out U.S. insurer American International Group plans to file a prospectus for a multibillion-dollar IPO of its Asian life insurance unit before Christmas, the Financial Times reported on Thursday.

The Federal Reserve on Wednesday voiced growing optimism on the U.S. economy as job losses slow, but repeated a vow to keep interest rates unusually low for an extended period.

Entertainment mogul Simon Fuller, the creator of TV contest American Idol, on Wednesday announced a new, multimedia reality show distributed on the Internet, radio and social networking sites.

It's too soon for Americans to plan a Cuban vacation of beach, mambo and mojitos, but the U.S. travel industry is gearing up for a return to its largest Caribbean destination before Fidel Castro's 1959 revolution.

The Treasury delayed a plan to sell $5 billion of Citigroup Inc shares after a stock offering by the bank attracted weak demand and priced at a much lower-than-expected $3.15 a share.

The U.S. Treasury delayed a plan to sell $5 billion of Citigroup Inc shares after a stock offering by the bank attracted weak demand and priced at a much lower-than-expected $3.15 a share.

South Korea's frenetic capital lends itself to many things such as round-the-clock dining, soaking up the country's rich, tumultuous history, or watching cutting-edge technology in action.

Aria, the flagship casino-hotel of MGM Mirage's $8.5 billion CityCenter development, is set to open late on Wednesday, adding about 4,000 high-end rooms to the hotel glut on the Las Vegas Strip.

Rachelle YounglaiU.S. companies will have to disclose their compensation practices for all employees and their board members' qualifications under rules adopted by the Securities and Exchange Commission on Wednesday.

While Avatar will be released later this week to thousands of movie theaters, with many of those showcasing the 3D technology made especially for the film, a small subset of movie aficionados seeking a more unique movie-going experience will be heading to Hollywood, California.

ABC News will air an interview with Andrew Young, a longtime friend and aide to former Sen. John Edwards who has written a book about Edwards' 2004 campaign and his extra marital affair with Rielle Hunter.

Citigroup Inc is selling shares at $3.15 apiece, far less than the $3.25 price at which the government bought them earlier this year, and the United States has decided not to sell shares, people briefed on the matter told Reuters.

Electronic download service Kobo Inc said its technology is the fastest way for U.S. bookseller Borders Group Inc to catch up to rivals in the burgeoning e-books market.

The U.S. Federal Communications Commission is considering ways to enable access to the Internet through set-top boxes for television sets.

The Federal Trade Commission announced Wednesday that it has sued Intel Corp., the world's largest chip maker, alleging it has “used its dominant market position for a decade to stifle competition and strengthen its monopoly.”

A U.S. bankruptcy judge said Lehman Brothers Holdings Inc could inject another $100 million into its Aurora Bank unit so that it does not fall below the required regulatory capital level.

Two U.S. lawmakers on Wednesday proposed saving Americans billions of dollars on shoes by eliminating import duties ranging up to 67.5 percent.

Google Inc. and Microsoft Corp. had a slight increase in their shares of the U.S. online-search market in November, according to market research firm comScore Inc.

A U.N.-backed system to pay poorer nations for saving or replanting their forests has made significant progress at climate talks in Denmark, the official who chairs talks on the scheme said on Wednesday.

Four times last year, Nabors Industries' corporate board descended on the luxurious Fairmont Hamilton Princess Hotel in Bermuda for three days of round-the-clock meetings.

Stocks finished flat to slightly higher on Wednesday after the Federal Reserve reiterated its intention to keep interest rates low for the foreseeable future to ensure a sustainable economic recovery.

The much anticipated third quarter Australian GDP figure surprised the market yesterday rising by a less than expected 0.2%.

A committee of South Carolina lawmakers voted on Wednesday to censure Republican Governor Mark Sanford, whose political career was tarnished by a sex scandal, but it rejected recommending his impeachment.

U.S. consumer prices rose modestly last month, while new home building bounced back from an October slump, suggesting inflation is not yet a concern even as the economy's recovery moves forward.

Whether your ideal Christmas is about snow and magical lights or a beach and a seasonal cocktail, travel website travelandleisure.com has come up with a list of 10 of the best places to spend Christmas.

The House of Representatives on Wednesday narrowly voted to raise the nation's debt limit by $290 billion, enough to cover the government's financing needs for another two months.

Commercial aerospace executives say the industry is poised for better times over the next few years after seeing profits battered by a slump in air travel and business-jet output.

The outlook for business travel continues to improve as companies gain more confidence in a global economic recovery, United Airlines' top executive said on Wednesday.