IBT Staff Reporter

Digital video recorder maker TiVo Inc reported stronger-than-expected results as it managed to control costs, helping its shares rise 2 percent.

Europe’s largest oil Company, Royal Dutch Shell Plc on Wednesday unveiled new management to restructure the company’s oil major operations to increase its accountability in the current economic environment, effective July 1.

Yahoo Inc CEO Carol Bartz said the company continues to talk with Microsoft Corp about an Internet search deal, but stressed that search remains an important ingredient in Yahoo's array of online products.

Intel is eyeing to release a server carrying 8-core 'Nehalem-EX' Processor in the second half of 2009 which the company says can deliver a number of new technical advancements and boost enterprise computing performance.

R&B singer Chris Brown said he is not a monster in a video message posted online this week ahead of a court hearing over a criminal charge that he beat pop singer Rihanna, leaving her bruised and bloodied.

McDonald's Corp executives said on Wednesday that the fast-food giant's McCafe coffee roll-out is off to a good start and that data on its market share impact should be available in about six months.

Germany scrambled on Wednesday to put a plan in place to protect carmaker Opel from a looming bankruptcy filing by U.S. parent General Motors .

The president of the European Commission on Wednesday called for an overhaul of the EU's financial supervisory system.

The Energy Information Administration on Wednesday said world demand in energy is expected to soar up to 44 percent by 2030, driven by strong long-term economic growth in the developing nations globally.

Oil prices hit a six-month high near $64 a barrel on Wednesday after Saudi Arabia, OPEC's biggest member, said the global economy had strengthened enough to cope with oil at $75 to $80 a barrel.

Honda Motor Co. will respond to growing demand for by hybrid cars by launching its hybrid Fit vehicle in the fall of 2010, 18 months sooner than previously announced, Japanese newspaper Nikkei said today without citing sources.

The number of problem U.S. banks and thrifts soared to 305 in the first quarter of 2009, up 21 percent from 252 in the prior quarter and marking the highest number since 1994, the Federal Deposit Insurance Corp said on Wednesday.

The European Commission will launch a new website, PRESSEUROP.EU, with the support of a consortium coordinated by Courrier International

Ascent Solar Technologies Inc said Wednesday it has agreed to provide its thin-film photovoltaic modules for an energy efficient unmanned aerial vehicle being developed by Bye Aerospace.

Stocks fell on Wednesday as rising yields on U.S. government debt sparked worries about how borrowing costs could be affected, reversing a more than 2 percent rally in stocks Tuesday.

General Motors Corp moved closer to filing the largest U.S. industrial bankruptcy after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM's European brand Opel.

Sales of previously owned U.S. homes rose in April, a report showed on Wednesday, providing more evidence the housing market is stabilizing and backing views the recession is nearing an end.

Three former senior officers of Cardinal Health Inc reached a settlement with the U.S. Securities and Exchange Commission over civil fraud charges they ran an earnings and revenue scheme, lawyers for the defendants said on Wednesday.

OPEC Secretary General Abdalla El-Badri said Thursday it was not economically plausible for oil producers to invest when the price of a barrel is below $70 per barrel, according to CNBC.

Intel Corp, the world's largest chipmaker, said the record 1.06 billion euro ($1.5 billion) fine imposed by EU regulators for antitrust violations would not cause it to cut investment or slash its dividend.

Three former senior and accounting officers of Cardinal Health Inc ran an earnings and revenue scheme that falsely portrayed company results, the U.S. Securities and Exchange Commission said on Wednesday.

The U.S. Congress has started work on a broad overhaul of the healthcare system in a rare spirit of optimism, but brewing battles over its cost, scope and structure could still scuttle hopes for a solution.

White House budget director Peter Orszag said Friday reforming healthcare through higher costs is not the administration’s aim.

Apple has quietly introduced updates to its popular white MacBook with the introduction of a new model, labeled MC240.

Some of the world’s most creative artwork lives—often temporarily—on buildings, walls, and sidewalks. Here’s where to find it.

From artful hand mirrors to voodoo love dolls and “water libraries,” in-room treats are getting a novel upgrade.

Four of MTN's top 25 shareholders would reject a tie-up with India's Bharti Airtel based on terms unveiled this week and other big investors are unsure about the deal to create a telecoms giant.

The number of problem U.S. banks and thrifts rose to 305 in the first quarter of 2009, up 21 percent from 252 in the prior quarter, marking the highest number since 1994, the Federal Deposit Insurance Corp said on Wednesday.

A Cisco Systems Inc executive said the company's high-end router CRS-1 is gaining market share and demand is likely to be strong through 2010 despite a weak economy.