IBT Staff Reporter

The White House will unveil an auto fuel efficiency proposal on Tuesday to resolve a dispute between California and the U.S. government over emissions and accelerate the timeframe for sharply improving mileage performance, industry and other sources said.

General Electric's transportation unit unveiled a new line of fuel efficient and low emissions locomotives on Monday offering them as an alternative to the aging fleet, the company said.

On Monday, Acer announced two new Aspires netbooks, the 11.6-inch AO751h and the 10.1-inch AOD250 that are ready to ship.

President Barack Obama urged both sides in the abortion debate on Sunday to pursue a

Nvidia said market demand for video chips has bottomed out and expects to ride strong sales when Microsoft releases its next-generation operating system, Windows 7.

First Financial Bancorp said Monday it will buy 17 of Peoples’ 19 branches in southwestern Ohio and southeastern Indiana.

Sri Lanka declared total victory Monday over Civil war that lasted for 26 years, after killing the separatist Tamil Tigers' leader and taking control of the entire country for the first time since 1983.

Sony announces three new cameras, the DSLR-a230, DSLR-a330, and DSLR-a380 for entry level customers wanting easy-to-use point-and-shoot digital still cameras.

Stocks rallied on Monday as better-than-expected results from the No. 2 U.S. home improvement retailer, Lowe's Cos Inc , helped spark broad-based buying on hopes the recession is easing and consumer spending is stabilizing.

Islamist insurgents closed in on Somalia's coastal capital after seizing another strategic town north of Mogadishu Monday.

Micro-blogging site Twitter plans to introduce tools and services by year-end to help businesses serve their customers, and may charge fees for such services, co-founder Biz Stone said on Monday.

The number of people displaced by fighting in Pakistan's northwestern Swat valley has risen to more than 1.4 million, U.N. humanitarian chief John Holmes said on Monday.

Tamils and their supporters demonstrating outside Britain's parliament on Monday refused to believe that Sri Lanka's long civil war was over or that separatist Tamil Tiger rebels were defeated.

U.S. President Barack Obama set a rough timetable for his diplomatic outreach to arch-foe Iran for the first time on Monday, saying he wanted to see serious progress by the end of the year.

U.S. President Barack Obama on Monday pressed a two-state solution to the Middle East conflict but failed to win a public commitment from Israeli Prime Minister Benjamin Netanyahu on Palestinian statehood.

Oil prices rose nearly 4.8 percent to a six-month high on Monday as violence in Africa's top crude exporter Nigeria and a fire at a key U.S. East Coast refinery revived concern about supplies.

The greenback relinquished some of its overnight gains versus the major currencies, slipping back toward the 1.35-region against the euro on the heels of a stronger start to the week by US equities.

U.S. Treasury Secretary Timothy Geithner said on Monday that borrowing costs were falling as credit markets gradually thaw, but warned a painful period lies ahead for American consumers.

Oil prices rose nearly 4.8 percent to a six-month high on Monday as violence in Africa's top crude exporter Nigeria and a fire at a key U.S. East Coast refinery revived concern about supplies.

An eight-month pregnant 66-year-old businesswoman, Elizabeth Adeney, is on her way to become the Britain’s oldest mom.

Toyota Motor Corp said on Monday its new Prius had received pre-sale orders for 80,000 vehicles in Japan, kicking off what promises to be a fierce battle against hybrid rival Honda Motor Co.

U.S. homebuilder sentiment jumped to its highest level in eight months in May, a private survey showed on Monday, supporting views that the three-year housing slump might be close to an end.

Palm Pre fans now have some good news to rejoice about. Sprint Nextel will launch the Palm Pre in the first week of June, according to a report in the New York Times.

Apple Inc could offer lower-cost versions of the iPhone, and without the obligatory monthly data service plan, in hopes of significantly boosting sales, according to one influential technology analyst.

A analyst has speculated that a Apple could soon offer lower-cost versions of the iPhone -- without the obligatory monthly data service plan -- in an effort to boost sales.

With all the results declared Monday in India’s General election, the Congress-led alliance won 262 seats, just 10 seats short of a parliamentary majority while the rival Hindu-nationalist Bharatiya Janata Party (BJP) won 159 seats, much less than it expected.

U.S. homebuilder sentiment jumped to its highest level in eight months in May, a private survey showed on Monday, supporting views that the three-year housing slump might be close to an end.

AT&T Corp. is considering to launch a cheaper data plan for its popular iPhone handset, according to a report over the weekend.

State Street Corp said it plans to sell $1.5 billion of stock and will also sell notes to help repay government bailout funds, and took a $3.7 billion charge to move some assets onto its balance sheet at a loss.