IBT Staff Reporter

The European Parliament is set to adopt a major reform of EU telecoms rules on Wednesday to increase consumer protection, competition and investment in new networks.

President Barack Obama presents his strategy for defeating al Qaeda to the leaders of Afghanistan and Pakistan on Wednesday amid growing U.S. concern that it is losing the war and neither is a reliable ally.

A small group of Chrysler's lenders on Tuesday raised further objections to the Obama administration's plan for a quick dash through bankruptcy and called on the judge overseeing the case to block the effort.

Brazil’s famous Pantanal train starts running again this month for the first time in over a decade.

Federal Reserve Chairman Ben Bernanke said on Tuesday the three-year U.S. housing bust may be near a bottom and the recession should end this year, as long as there is no relapse of the credit squeeze that has strangled the economy.

U.S. stocks dipped on Tuesday as investors opted to book profits from the recent sharp run-up, while energy shares succumbed to pressure from retreating oil prices.

This week, the Obama Administration failed to push through a reorganization plan for Chrysler that would have, among other things, used government bailout money to give the United Auto Workers a majority stake in the company.

Thresher Industries, Inc., a manufacturer of precision recycled aluminum and advanced metal matrix composite parts, announced this afternoon that it is developing a broad array of high-strength, cast aluminum components designed to help build cleaner, energy efficient vehicles. Thresher’s proprietary, biodegradable processes have already been successfully used in products for Chevrolet, Chrysler,...

Top chief executives still expect the U.S. economy to remain mired in recession through 2009 but their confidence in the likelihood of a recovery next year is on the rebound thanks to growing optimism about their own businesses.

GMAC LLC, which provides loans to buyers of General Motors Corp vehicles, said its first-quarter loss grew 15 percent, reflecting an increase in soured mortgage and auto loans as the economy weakens.

Skeptical library groups asked on Monday for rigorous oversight of Google's agreement with authors and publishers that would allow it to put millions of books online.

Microsoft Corp said on Tuesday it is laying off more workers, almost completing its plan to cut 5,000 jobs by June 2010, and left the door open for yet more job cuts.

RBS on Tuesday said its Board Finance Director Guy Robert Whittaker will leave the bank later this year.

U.S. Representative Barney Frank will unveil legislation on Wednesday to roll back a U.S. ban on online gambling, he said in a statement on Tuesday.

U.S. Representative Barney Frank will unveil legislation on Wednesday to roll back a U.S. ban on online gambling, he said in a statement on Tuesday.

Oracle has announced today the latest updates of its powerful Product line JD Edwards World and JD Edwards EnterpriseOne Tool empowered by the firms Commitment to Applications Unlimited Strategy.

Oil fell on Tuesday after hitting a 2009 high as bulging oil inventories and falling energy demand outweighed fragile hopes for an economic recovery.

President Barack Obama and Democratic lawmakers reached agreement on Tuesday on a legislative proposal designed to stimulate U.S. auto sales, which have fallen to near 30-year lows.

President Barack Obama announced Tuesday his intent to nominated Inez Moore Tenenbaum as new chair of the Consumer Product Safety Commission (CPSC) and Robert S. Adler as a new commissioner of the agency, according to a White House’s statement

Wave energy could catch up with commercially more advanced offshore wind power within five years, the head of pioneers Aquamarine Power Ltd told Reuters.

There is no consensus at this time on the climate bill, said U.S. House of Representatives Majority Leader Steny H. Hoyer said on Tuesday, according to Reuters.

Today, everyone who wants to get the nearly final version of Microsoft Windows 7 operating system can begin downloading it freely.

Legg Mason Inc's quarterly loss widened as it pared toxic assets from its books and cut its quarterly dividend 88 percent to 3 cents per share, sending the money manager's shares down 14 percent.

China has tightened visa rules for citizens from the United States, which has reported the second highest number of swine flu cases in the world.

Stocks slipped on Tuesday as the recent sharp run-up tempted investors to take profits and energy shares were pressured by a decline in oil prices.

Legg Mason Inc's quarterly loss widened as it pared toxic assets from its books and cut its quarterly dividend 88 percent to 3 cents per share, sending the money manager's shares down 18 percent.

Total construction spending increased 0.3 percent in March, far exceeding expectations. Residential construction spending fell 4.1 percent. Nonresidential construction spending rose 2.0 percent on the month driven by lodging, power and manufacturing. However, the gain is not expected to stick. Nonresidential will likely post declines well into 2010.

The U.S. services sector contracted less severely in April and was back to its October 2008 level, a report showed on Tuesday, adding to evidence the world's largest economy was nearing bottom and moving closer to recovery.

The European Commission on Tuesday published a guide to consumers rights online as it gave a list of actions it is considering taking to help the public use the Internet.