IBT Staff Reporter

David Fincher, the Oscar-nominated director of The Curious Case of Benjamin Button, is in early talks to log on to an untitled movie about the founders of the popular social networking site Facebook.

Adobe Inc said that its Flash Player 10 will open up a new experience in latest mobile Internet browsing.

Incredibly as thin as a credit card slim data is now available on a 4GB USB flash drive that enables user to carry important digital photos, videos, music, and documents in their wallets, according to toptech on Tuesday.

The United States and European Union took action against China on Tuesday for restricting exports of industrial raw materials, intensifying a trade struggle at a delicate time for the global economy.

The outspoken head of a U.S. Congressional watchdog panel will strongly urge lawmakers on Wednesday to set up a new government agency to protect consumers from tricks and traps set by banks.

Intel chips are now used in almost 80 percent of world's fastest supercomputers, while HP and IBM are used in 60 percent according to the 33rd Edition of TOP500 Supercomputer released on Tuesday.

General Motors Corp plans to complete a 20 percent cut in its white-collar work force by October, a spokesman said on Tuesday.

A U.S. bankruptcy judge has denied a request from a small group of General Motors Corp bondholders to become an official committee in the bankruptcy case.

New orders for Chinese shipyards fell 96% in the first five months of 2009, the Ministry of Industry and Information Technology (MIIT) released on Tuesday.

The family of an Iranian slain man killed in a demonstration was ordered to pay $3000 for the bullets that took his life in return for the dead body, according to The Wall Street Journal.

After months of wishful thinking, investors are nervous again about financial markets and the world economy, and it may take a flurry of much better economic data to make them believe in a sustainable recovery.

Oracle Corp reported quarterly earnings above expectations as the No. 3 software maker's profit margin hit a record thanks to robust growth in its maintenance business, sending shares up 2.7 percent.

At least three small, cash-strapped banks have stopped paying U.S. government dividends that they owe from taking part in the Treasury's Troubled Asset Relief Program, The Wall Street Journal reported late Monday.

Ford Motor Co will receive nearly $5.9 billion in U.S. government loans to build fuel-efficient vehicles as the Obama administration deepened its commitment to reshaping the cash-strapped auto industry.

The H1N1 virus continued to ravage Hong Kong as 60 new cases were confirmed on Tuesday, bringing the total rally to 408, up an astonishing 324.5% over a 10-day period since June 14.

France's air accident authority (BEA) said on Tuesday that investigator have not yet found black box of Air France 447 after a report that the French naval ships has detected signals that could be from the flight's black boxes.

A Chinese inventor has sent his patented ultrasonic flycatcher to an international organization, which he hopes will pass it on to US President Barack Obama as a gift, Xinhua reported on Tuesday.

On Tuesday, Intel Corporation and Nokia announced their strategic long term relationship to outline next generation of Mobile Computing innovation.

The U.S. dollar fell on Tuesday on speculation the Federal Reserve may attempt to keep debt costs low by reducing expectations for higher interest rates at the conclusion of its meeting on Wednesday.

Oracle Corp. reported that net income earnings fell 7 percent in the fourth quarter, while operating margins rose to 42 percent, with income impacted by the reduced value of foreign currencies when compared to U.S. dollars, the company said Tuesday.

Social network MySpace Inc. announced Tuesday it will close at least four overseas offices and slash its overseas workforce by 300 employees.

Supreme Leader Ayatollah Ali Khamenei has accepted a request by Iran's top legislative body to extend the deadline by five days for receiving and looking into election complaints, state television said on Tuesday.

Oracle Corp's quarterly earnings beat market expectations as profit margins hit a record high and software sales fell less than anticipated, sending its shares up 2.5 percent.

President Barack Obama toughened his criticism of Iran on Tuesday for its crackdown on anti-government protesters, harshly condemning the violence and declaring scenes of death in Tehran heartbreaking.

U.S. stocks were nearly flat on Tuesday while the dollar slipped against its two top rivals, while crude oil futures and Treasuries rose.

The S&P 500 rose on Tuesday as investors hunted for bargains a day after a steep sell-off, but another delay for Boeing's 787 Dreamliner kept the Dow in the red.

Sales of previously owned U.S. homes rose for a second straight month in May but were weaker than expected, adding to growing fears of an anemic economic recovery from a deep recession.

Oracle Corp reported earnings above expectations on Tuesday as the world's No. 3 software maker's profit margin hit a record and software sales fell less than analysts had projected.

U.S. securities regulators are considering shortening a money market fund's maturity limits to protect investors after last year's sudden losses in industry pioneer Reserve Primary Fund, a source familiar with the agency's thinking said on Tuesday.