IBT Staff Reporter

Hong Kong tycoon Richard Li took another step to promote the sale of his controled-shareholder interest in the fixed-line phone operator PCCW......

Most Americans read food labels to help them decide what to buy but few people actually understand what they're reading or consuming, according to two U.S. studies published on Tuesday.

Barbie in Midnight Red, dating from 1965, sold for a world record 9,000 pounds ($17,000) on Tuesday as collectors from around the world gathered to bid for a piece of a unique private collection of 4,000 Barbie family dolls.

Johnson & Johnson has sued Boston Scientific Corp. and Abbott Laboratories Inc., seeking at least $5.5 billion in damages related to J&J's failed bid for medical device maker Guidant Corp.

Microsoft Corp., the worlds largest software vendor, issued an emergency patch for its flawed Internet Explorer on Tuesday, patching a serious hole that could allow for remote access to a compromised computer.

At Intel's Developer Conference on Tuesday, the world's largest chip maker outlined plans to produce processors capable one trillion operations per second (teraFLOPs) and terabytes of bandwidth.

Cisco Systems announced an online publishing solution for business on Tuesday, allowing customers to manage and deliver live and on-demand digital media through the internet.

The use of Ebay's Internet-based telephone, Skype, has been banned from California State University in San Jose, following claims that the technology used is capable of corrupting and crowding Internet networks.

Globalization was noted as a major factor in the recent decline in long-term rates in spite of short-term rate increases, according to the Federal Reserve Bank of Dallas' Economic Letter.

As the television market continues to grow, consumers will continually switch away from cathode-ray tube (CRT) sets to newer technologies, with liquid-crystal displays overtaking CRT's by 2009.

A new report reveals that Korean television manufacturers have supplanted other manufacturers, taking the number one and two spots in unit-shipment rankings for the second quarter this year.

Migrant workers from Bulgaria and Romania will only be allowed gradual access into the United Kingdom after these two countries join the European Union, a UK government minister said Tuesday.

The US Bureau of Economic Analysis released on Tuesday personal income data for the second quarter of 2006 which showed that personal income growth slowed to 1.7 percent following two quarters of 2.2 percent growth.

The European Commission launched an investigation on Tuesday into the level of interest rates 'Poste Italiane' receives on money it has deposited at the Italian treasury since 2005.

Oil prices were slightly higher Tuesday after a rally the day before lifted crude futures by almost $1 a barrel on worries that the recent drop in prices could prompt OPEC to cut production.

Nokia, the world's largest cell phone distributor, announced it is working with international community of music connoisseurs on Tuesday, aiming to unite experts of different musical genres to keep enthusiasts in touch with the latest music.

Budget airline Ryanair today out forward a complaint to the European Commission, reports Reuters.

Nokia today introduced the new all in one multimedia computer N95. Included in the computer is “a pioneering 2 mway slide concept, integrated GPS functionality

The USA has dropped from being the most globally competitive country in the world to being the sixth in a report by the World Economic Forum released today.

Enterprise Inns Plc today that it’s Board expected pretax profit and earnings per share to be in line with its expectations.

Entertainment Rights Plc today announced its interim results for the six months ended 30th June 2006.

Nokia, the worlds largest cell phone-maker, unveiled new multimedia phones for U.S. consumers on Tuesday.

IBM unveiled a new approach to the services market on Tuesday, inaugurating the the formation of its new Integrated Communications Services unit.

Network technology company Cisco Systems announced on Tuesday a significant investment in foreign development, with an initiative in Turkey totaling $275 million.

A unit of JPMorgan Chase & Co. botched a trade for a basket of Japanese stocks on Monday when it mistakenly sold shares linked to the wrong index, helping spark a brief fall in the market.

Electronic Arts, the worlds largest video game maker, released the latest iteration of its popular basketball game franchise, NBA Live 07, for American consumers on Tuesday.

Ryanair today announced a five year deal with InviseoMedia to install seatback advertising across its current and future fleet of 239 Boeing 737 800 aircraft.

Will the spending needed to prevent global warming cost the world more than just sitting back, or even enjoying the possible financial benefits of a hotter planet?

Japan's Softbank Corp. (9984.T) plans to raise about $12 billion by securitizing earnings of the cell phone unit it bought from Vodafone Group PLC (VOD.L), a source close to the matter said on Tuesday, allowing it to secure funds at a lower rate than with conventional loans.