IBT Staff Reporter

The Internet Corporation for Assigned Names and Numbers (ICANN), which oversees domain names, is expected to start taking applications early next year for new top-level domains. Companies can use their own name in place of domain extensions, according to a survey conducted by Future Laboratory.

Jun 09, 2009

The Supreme Court on Tuesday allowed the U.S. government-backed sale of Chrysler LLC to a group led by Italian carmaker Fiat SpA, a victory for the bankrupt automaker and the Obama administration.

Jun 09, 2009

Treasury Secretary Timothy Geithner said on Tuesday the main goal of this weekend's meeting of Group of 8 finance ministers is to take stock of efforts to stimulate economies and stabilize financial systems.

Jun 09, 2009

Google's Eric Schmidt shared some funny thoughts and at times, underlying blows at Microsoft's new search engine, Bing.com in an interview on Tuesday.

Jun 09, 2009

The United States transferred the first detainee from Guantanamo Bay on Tuesday to stand trial in a U.S. civilian court in a test case for President Barack Obama's plans to close the controversial prison for foreign terrorism suspects.

Jun 09, 2009

A House of Representatives committee on Tuesday said it would subpoena the Federal Reserve to force the central bank to surrender documents regarding its role in Bank of America's takeover of Merrill Lynch last year.

Jun 09, 2009

Microsoft Corp issued software to fix a record 31 security flaws in its programs, and Adobe Systems Inc warned that glitches in its products could let hackers take control of a user's PC.

Jun 09, 2009

Chrysler LLC won court approval on Tuesday to cut a quarter of its U.S. dealerships and the bankruptcy court judge overruled requests to delay the order until the U.S. Supreme Court rules on the sale of the company.

Jun 09, 2009

The chief risk officer of Countrywide Financial Corp, the poster-child company for the loose U.S. home loans that staggered the world economy, was warning against them even when it put him at odds with his own company -- and with Fed chairman Ben Bernanke.

Jun 09, 2009

T-Mobile USA, the No. 4 U.S. mobile carrier, said it was investigating a claim that somebody hacked into its computers, stealing reams of confidential data.

Jun 09, 2009

In the first week since Microsoft's Bing.com went live, traffic to the site has increased into double digits for the first time in two years, but this is only the beginning and time will tell how well the search engine does in the long run.

Jun 09, 2009

JPMorgan, Goldman Sachs and eight other top U.S. banks won clearance on Tuesday to repay $68 billion in taxpayer money given to them during the credit crisis, a step that may help them escape government curbs on executive pay.

Jun 09, 2009

Google Inc is closing in on its goal of producing renewable energy at a price cheaper than coal, the company's so-called green energy czar, the engineer in charge of the project, said on Tuesday.

Jun 09, 2009

Oil jumped 3 percent to hit a fresh seven-month high over $70 a barrel on Tuesday after data showed a steep drop in U.S. crude inventories and a U.S. government report revised global demand expectations higher.

Jun 09, 2009

President Barack Obama sought on Tuesday to show he was serious about improving the U.S. budget picture as he called on Congress to pass new limits on tax cuts and spending programs to avoid adding to deficits.

Jun 09, 2009

Following Palm Pre's rollout into the U.S. smart phone market on June 6, analysts and public alike have been eager to know how sales performed during the debut.

Jun 09, 2009

The Nasdaq rose on Tuesday after an improved outlook from Texas Instruments lifted technology stocks, but news that 10 big banks will repay TARP funds failed to stir investor enthusiasm.

Jun 09, 2009

General Motors Corp on Tuesday took a step toward restructuring its widely criticized board by naming former AT&T Inc CEO Ed Whitacre to become chairman of the reorganized automaker when it emerges from bankruptcy under U.S. government oversight.

Jun 09, 2009

U.S. President Barack Obama on Tuesday welcomed the repayments to the government of $68 billion in bank bailout funds but said the problems in the financial markets were not over yet.

Jun 09, 2009

British luxury car firm Rolls-Royce has received around 1,500 serious expressions of interest in its soon-to-be-launched 'Ghost' model -- a figure that would more than double the group's annual sales.

Jun 09, 2009

World number two truck maker Volvo (VOLVb.ST) said on Tuesday it had withdrawn redundancy notices previously handed out to 335 employees after a union deal cutting working hours and wages.

Jun 09, 2009

Raising the allowable levels of ethanol in conventional U.S. gasoline would help push up prices for corn and other grains and ultimately meat and dairy, economists associated with food groups said on Tuesday.

Jun 09, 2009

Militants attacked a hotel popular with foreigners in the northwestern Pakistani city of Peshawar with guns and a truck bomb on Tuesday, killing five people and wounding 25, government and security officials said.

Jun 09, 2009

The default rate of U.S. commercial real estate bank loans reached its highest level in 15 years and is not expected to peak until 2011, according to a report by Real Estate Econometrics.

Jun 09, 2009

A forward-looking measure of hiring expectations held steady in the United States and other large economies amid signs employment is starting to stabilize, but prospects in several countries worsened, according to a quarterly survey by Manpower Inc.

Jun 09, 2009

The girlfriend of hedge fund swindler Samuel Israel was sentenced to three years of probation, including four months of house arrest, on Tuesday for helping him stage suicide to avoid going to prison.

Jun 09, 2009

U.S. Senate confirmation hearings for Supreme Court nominee Sonia Sotomayor will begin on July 13, a top Democrat said on Tuesday, and a Republican lawmaker predicted she would be easily approved.

Jun 09, 2009

Bank of America Corp said on Tuesday it is covering the legal fees of Angelo Mozilo, the former Countrywide Financial Corp chief executive charged with securities fraud and insider trading.

Jun 09, 2009

Google is looking to buy smaller technology companies to enhance its technology portfolio, Chief Executive Eric Schmidt said in an interview with the Fox Business network on Tuesday.

Jun 09, 2009