IBT Staff Reporter

thing can make a traveler feel more clueless than mispronouncing the name of a local destination, but it's easily done.

The town of Chongiu, not only is it the center of Korea but it has also become the center of media attention as it is home to the humanoid carp living in a small pond.

Microsoft Corp will favor neither American nor foreign workers as it cuts thousands of jobs, the company said on Tuesday in response to a senator's call that the jobs of U.S. employees be preserved.

IBM created a software allowing people to meet in a virtual world face to face. The new software called Sametime 3d allows people to meet, exchange instant messages, chat verbally and share presentations and ideas in private, prefabricated, reusable meeting spaces located in a variety of virtual worlds.

eTelecare Global Solutions to acquire Phone House Ltd., a BPO service subsidiary Talk Talk Group Limited, a South African customer care subsidiary by adding about 400 employees to expand its global delivery network.

Stocks rallied on Wednesday as shares at 12-year lows lured investors to break a five-day sell-off and a jump in oil and other commodities boosted energy and natural resource companies.

General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for GE and its finance unit was compounded by two investor lawsuits over a recent dividend cut.

Linux.com claim serving over 25 million users at the site featuring news, forum and information but the site was redesigned when the non-profit Linux Foundation has announced its acquisition over Linux.com promising to transform it into a more collaborative site.

Oil rose over 7 percent on Wednesday after data showed an unexpected drop in U.S. crude stocks and an increase in gasoline demand.

Sony introduced three new home theater systems on Wednesday, adding to its lineup of home solutions with DVD based equipment.

The top 10 highest-paid employees received $209 million in cash and stock, slightly higher than the $201 million the top 10 received in 2008, the Wall Street Journal reported on Monday.

General Motors Corp’s German automaker unit Opel might cut 3,500 jobs if the government does not lend a helping hand, a press report said on Wednesday.

A Cisco Systems Inc executive said on Wednesday that uncertainty still ruled over customers of the network equipment maker, and the outlook for future business conditions was still unclear.

Oil rose over 6 percent on Wednesday after data showed an unexpected drop in U.S. crude stocks and an increase in gasoline demand.

Stocks rose on Wednesday as investors jumped back into the market following a five-day sell-off that drove Wall Street to 12-year lows, while soaring prices of oil and other commodities lifted energy and natural resource shares.

A surge in Chinese manufacturing plus hopes for additional stimulus there injected a rare dose of optimism into the global economic picture on Wednesday, even though Europe's services sector fell to new lows and the United States suffered more job losses.

General Electric Co's shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for the firm and its beleaguered finance unit was compounded by an investor lawsuit over a recent dividend cut.

U.S. stocks rose on Wednesday, snapping a five-day sell-off as a jump in the price of oil and other commodities spurred energy and natural resource stocks.

Apple refreshed its line of Mac desktop computers, adding stronger capabilities and nudging some prices lower as consumer spending feels the pinch of the recession.

The U.S. Supreme Court ruled against the drugmaker Wyeth on Wednesday, holding that pharmaceutical companies can be held liable for harm from medicines that carry warnings approved by federal regulators.

The Obama administration on Wednesday launched a $75 billion foreclosure relief plan, as new data showed one in five U.S. homeowners with mortgages owe more than their house is worth.

The Obama administration on Wednesday gave lenders a green light to begin modifying home mortgages under a new $75 billion program aimed primarily at people facing imminent financial hardship.

U.S. Treasury Secretary Timothy Geithner on Wednesday blamed soaring budget deficits partly on failure by the former Bush administration to make needed investments in energy security and healthcare.

General Electric Co's shares fell as much as 15 percent on Wednesday, touching their lowest point since 1991, and the cost of insuring GE Capital's debt hit a record high on anxiety about that unit.

Costco Wholesale Corp posted a lower profit as it slashed prices aggressively to win market share, while smaller rival BJ's Wholesale Club Inc topped Wall Street expectations by luring shoppers with fresh food and prepared meals .

U.S. stocks rose on Wednesday, snapping a five-day sell-off as a jump in the price of oil and other commodities spurred energy and natural resource stocks.

U.S. crude oil futures extended their gains to above $45 on Wednesday after stocks of crude in the United States declined unexpectedly and demand for gasoline rose.

General Electric Co's shares fell more than 15 percent on Wednesday, trading below $6 for the first time since 1991, as investors' anxiety about its hefty GE Capital arm continued to swirl.

A video of Spain's prime minister became one of the world's most talked about internet clips on Wednesday after he accidentally uttered the F word in a news conference with Russian President Dmitry Medvedev.