IBT Staff Reporter

Secretary-General of the United Nations Ban Ki-moon recommended Wednesday the Security Council not to deploy UN force for Somali. He said such a deployment could exacerbate the country's conflict.

The IMF said Tuesday the global economy recession is likely go deeper and will have a slow recovery to stabilization.

The trustee liquidating Bernard Madoff's business said on Wednesday that he had received three more bids for its market-making unit, as he prepares to sell it and distribute the proceeds to the swindler's defrauded clients.

Lower fuel prices helped Continental Airlines and AirTran Holdings post quarterly results above Wall Street estimates, despite lower traffic and falling demand.

Rupert Murdoch's News Corp said on Wednesday that MySpace co-founder Chris DeWolfe will not be renewing his contract and will step down from the chief executive post.

Three former brokers and three former day traders conspired to misuse company squawk boxes for insider trading, a U.S. jury ruled on Wednesday in the second trial in the case.

Rupert Murdoch's News Corp may be courting a former top executive at social network Facebook to replace the chief executive and co-founder of its top rival MySpace, All Things Digital, a media and technology website, reported on Wednesday.

Corrects third paragraph to show that former Facebook executive's name is Owen Van Natta, not Don Van Natta

Three former brokers and three former day traders conspired to misuse company squawk boxes for insider trading, a U.S. jury ruled on Wednesday in the second trial in the case.

EBay Inc beat Wall Street expectations on earnings and revenue on Wednesday thanks to cost cuts and solid growth at its Skype telephone and PayPal payments divisions, sending its stock higher.

Yum Brands Inc , parent of the Taco Bell, Pizza Hut and KFC chains, posted a quarterly profit on Wednesday that topped analysts' expectations as global sales at established restaurants rose 1 percent, sending shares up 3 percent.

On Wednesday, AMD Inc. introduced the 45nm Quad-Core AMD Opteron EE processor with the company's lowest x86 quad-core server power band.

Amazon has always been very secretive on anything related to cost and sales figures surrounding its Kindle 2 e-reader, however, a new report by market research firm iSuppli may answer speculation.

The U.S. Interior Department issued guidelines on Wednesday for leasing offshore areas to develop wind power generation.

Manhattan office tower bought by property investor Harry Macklowe for $498 million nearly three years ago was taken over on Wednesday by one of its lenders, which made the only bid at an auction -- for $100,000.

A social experiment started seven years ago by an entrepreneur Jonathan Abrams in Mountain View, Calif. is now packed with a 3D scenes allowing user to express creativity in multidimensional environments.

Apple Inc. said Tuesday its second quarter results beats consensus forecasts but shares fell after it gave a conservative outlook for the current quarter.

Japan's Canon Inc is expected to report an operating profit for the January-March quarter on brisk sales of single-lens reflex cameras and a weak yen, the Nikkei business daily reported without citing sources.

The Feds raid the Pennsylvania offices of a unit of Germany's Siemens AG on Wednesday as part of an investigation of a Siemens contract with the U.S. military, a company spokesman said.

EBay Inc on Wednesday reported lower quarterly net profit, sales and margins, but results beat Wall Street expectations and shares of the online auctioneer rose nearly 6 percent.

The United States bears substantial blame for the woes besetting the world economy but it will take a global effort to ease those strains, U.S. Treasury Secretary Timothy Geithner said on Wednesday.

Amid a debate on whether clean coal is like healthy cigarettes or not, energy secretary Steven Chu said on Wednesday the U.S. must take global leadership in clean coal technologies.

Apple Inc. reported better-than-expected quarterly results on strong iPhone and iPod sales, while Mac computer sales were slightly down.

The International Monetary Fund on Wednesday slashed growth forecasts for every major country and urged governments to take forceful action to ensure the world economy's recovery from a severe recession.

A Congressional panel huddled on Wednesday to consider legislation that would curb high credit card fees and penalties by many banks that have benefited from the federal government's bailout program.

The Dow and S&P fell on Wednesday after Morgan Stanley revived concerns about the banking sector and the wider economy after it posted its second straight quarterly loss and slashed its dividend.

(Corrects net income figures, paragraph 3)

Apple Inc posted stronger-than-expected quarterly results on strong iPhone sales, and gave a typically conservative outlook for the current quarter, which failed to dampen enthusiasm from investors.

If you’re over 40, it’s natural to worry about age discrimination - after all, that’s the age at which you start to be protected against discrimination by Federal law and even if you don’t look your age, you might be starting to feel it now and then. (Maybe you’ve noticed you can’t stay up as late as you used to, or maybe you caught yourself making that noise your dad makes when he up from the c...