IBT Staff Reporter

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.

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.

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.

The number of Americans traveling over the holidays will increase almost 4 percent compared with last year as improved consumer sentiment bolsters trip planning, travel and auto group AAA said on Wednesday.

Got 48 hours to spare in the Danish capital of Copenhagen amid the world leaders, scientists, demonstrators and skeptics in town this December to discuss measures for confronting global climate change?

DPL Inc's (DPL.N) principal unit The Dayton Power and Light Co said it plans to construct a 1.1 Megawatt (MW) solar array near its Yankee substation in Southwestern Ohio at a cost of about $5 million.

Dell Inc said the acquisition of Perot Systems will help tap new growth markets as it makes a deeper push into technology services.

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.

American Honda Motor Co. is sponsoring one of the floats in the 2010 Rose Parade in Pasadena, California on New Year's Day with the theme Ship of Dreams.

The pastor of Texas based Village Church, Matt Chandler, was diagnosed with a brain tumor was released from hospital today following a surgery.

General Motors' European arm Opel will launch hybrid models within five years as part of a campaign to overhaul and freshen its product line, GM Europe head Nick Reilly told a German magazine.

Actress Kate Hudson and Yankee's player Alex Rodriguez have ended their six-month relationship, according to various reports including the New York Post and US Magazine.

Similarities between the U.S. housing crisis and the more recent jump in housing prices in Canada have fueled concerns about an impending crisis in the Canadian market.

Online gaming software firm GigaMedia Ltd said it would sell 60 percent of its online gambling software business to France's Mangas Gaming, sending its shares up as much as 15 percent.

Mortgage delinquencies rose to a new record in November and could remain high in December as Americans set aside more money for holiday expenses, Equifax Inc data show.

While world leaders slug it out over a new U.N. climate deal in Copenhagen, companies involved in smart grid technologies are attracting attention for their potential to cut emissions and costs.