IBT Staff Reporter

Beverage maker Red Bull, is once again sponsoring its own hip-hop music competition, holding its third annual national search for a music producer who will win a chance to work an established artist.

Republican U.S. senator John Ensign from Nevada admitted on Tuesday he had an extramarital affair with a campaign staffer last year.

Several years ago, malt beer distributors in Pennsylvania were on the offensive, considering ways to allow the state to let them sell smaller quantities the alcohol, instead of the full case they’re limited to.

Lincoln Financial Group on Tuesday announced that it has priced a public offering of common stock in a bid to raise $600 million in capital.

After receiving a letter from group of privacy and security experts, Google is planning to turn on HTTPS as the default for all Gmail users all the time.

Hong Kong's economy recession worsened from the previous quarter with continuous drop of GDP & GNP, marking a fourth straight quarter it felt the impact of the global economic downturn.

Consumer Watchdog praised Google on Tuesday for agreeing to offer improved security for users of its online e-mail services like Gmail.

Carlyle Group and Blackstone Group LP are leading an investor group that is bidding to acquire First Republic Bank, a private banking unit of Bank of America Corp , Bloomberg News said on Tuesday, citing three people familiar with the matter.

Renewable energy projects in the western U.S. states may develop quickly after the Obama administration’s Interior and Agriculture departments announced their support for a solid energy system at the Western Governors Association annual meeting on Monday.

Chinese mainland's purchase of US Treasury bonds fell for the first time in 11 months to $763.5 billion in April, latest US government data showed on Monday.

Texas cardiologist, James Rohack was on Tuesday inaugurated as president of the American Medical Association in Chicago.

A123Systems, Inc, EnerDel, Inc, Angstrom Materials, LLC, Max Power, Inc and three other organizations were granted funds from the U.S. Department of Energy on Tuesday for research projects to develop advanced batteries for electric vehicles.

Energy leaders across the Americas gathered in Lima, Peru, at the Americas Energy and Climate Symposium,- which concluded today- to commit in taking concrete actions to reduce carbon emissions from the region.

The Obama administration plans to merge two banking regulators and create a federal watchdog on consumer financial products as part of a sweeping reform plan to be formally unveiled on Wednesday.

The White House on Tuesday dashed hopes that the federal government would help California overcome a mammoth budget crisis that has brought the state dangerously close to an economic meltdown, saying the state will have to solve the problem on its own.

Xbox Live will be down on Tuesday, June 16, for service maintenance for up to 24 hours.

Forget passwords, Apple’s iphone supports voice recognition that is as unique as a fingerprint, which enables your mobile safe for your personal secrets.

The powerful tax-writing House of Representatives Ways and Means Committee aims to have proposals to raise revenue by Friday to help pay the trillion dollar tab expected to be needed for broad health reform, Chairman Charles Rangel said on Tuesday.

Searching photos over the net is not that easy, with users often falling on results they aren’t looking for, but now a new tool called Photobucket powered by Microsoft Silverlight hopes to get users to the photos they’re looking for fast.

Sweden's Koenigsegg, a niche manufacturer of some of the world's fastest and most expensive sports cars, has struck a deal to buy loss-making Saab Automobile from General Motors Corp, the companies said on Tuesday.

Adobe Systems Inc, the maker of Photoshop and Acrobat software, posted the narrowest profit margin in more than 3 years, disappointing investors even though its revenue fell less than analysts had feared.

A U.S. Senate panel proposal to expand healthcare coverage would increase the federal deficit by about $1 trillion over 10 years and still leave millions without insurance, a congressional analysis said on Monday.

Barclays' board has recommended shareholders accept a $13.5 billion cash and shares offer from U.S. fund manager BlackRock for its Barclays Global Investors business, the British bank said on Tuesday.

Maurice Hank Greenberg, former chief executive of insurer AIG, avoided direct answers in court testimony on Tuesday about a large block of AIG stock given decades ago to a private company he runs.

Adobe Systems Inc., the largest maker of graphic-design programs, reported a 41 percent drop in second-quarter profit, lower than analyst’s expectations, after the economy soured the demand from advertising customers.

The Obama administration on Tuesday said it will back repealing a hard-to-enforce tax on personal use of work cell phones, appeasing the business community, phone makers and users.

Adobe Systems Inc, the maker of Photoshop and Acrobat software, reported a quarterly revenue drop that was not as steep as Wall Street analysts had feared and its profit came in line with forecasts.

General Motors Corp. customers are expected to keep the recent trend of improving monthly car sales alive in June, Chief Executive Officer Fritz Henderson said on Tuesday.

Large U.S. corporate bankruptcies have accelerated in recent weeks as the U.S. economic slowdown claims more victims, according to industry data.