IBT Staff Reporter

Warner Brothers music is attempting to create a disc capable of storing standard compact-disc formats, as well as emerging DVD formats, according to a patent researchers filed.

A patent application has been filed for a disc that would play two competing high-definition DVD formats which, if successful, could help appease a battle that has divided Hollywood and confounded consumers.

Hewlett-Packard Co. on Tuesday said it received a 10-year contract from the U.S. Army to provide personal computers and other computer peripherals.

A new computer virus is spreading through AOL's Instant Messenger system (AIM), spreading malicious code more sophisticated than anything seen before, security researchers said.

The Thai baht staged its largest one-day fall in three years on Tuesday after Thai armed forces said they had taken control of Bangkok, which led to a broad-based decline in a number of Asian currencies.

Yahoo Inc. said on Tuesday that it has teamed up with musician Jesse McCartney to release the artists new album online in two major digital music formats.

Rexam, the leading beverage can maker today announced Leslie Van de Walle as Chief Executive. Van de Walle will succeed Lars Emilson.

The Game Developers Conference will take the reigns as the largest trade exhibition for the gaming community, following the recently announced scale-backs of the Electronic Entertainment Expo (E3)in August.

A group of nine of the world's biggest investment banks said on Tuesday they planned to set up a new system for reporting share trades, bypassing the major European stock exchanges and ahead of new European securities regulations due to come into force later this year.

Mobile phone maker Sony Ericsson said on Tuesday that it would launch a new service on its phones that would allow full music downloading, initially focusing on new and up-and-coming artists.

World's largest personal computer (PC) maker, Dell Inc., has signed an agreement with the government of Tamil Nadu to set up its first manufacturing plant in India in the southern state to help help serve new clients in the fast-growing computer market.

Nine leading investment banks have signed a Letter of Intent and Team Sheet to create a trade data and market dissemination platform.

It was announced today by CLS Holdings Plc that an interim financing package for the London Bridge Tower had been completed.

India's leading consumer goods manufacturer, Videocon, is within an arm's length to acquiring South Korea's third largest electronics company, Daewoo Electronics, but certain riders attached by the ailing company relating to its takeover may persuade the Indian company to give it a second thought.

According to the latest research, Apple Computer's ubiquitous portable-media device, the iPod, garnered healthy market-share in August, though growth was slightly slower than June's.

U.S. housing starts fell more sharply than expected to the lowest rate in more than three years, while core producer prices dipped unexpectedly, according to government reports on Tuesday that confirmed a fast-cooling economy.

The race to acquire the beleaguered United Western Bank (UWB) has finally come to an end with Industrial Development Bank of India (IDBI) all set to acquire it, the Reserve Bank of India (RBI) has announced.

Amazon.com Inc, one of the Internet's largest retailers, has announced a new service on Tuesday that allows artists to sell compact-discs to customers without maintaining expensive inventories.

GCap Media has announced today it will be launching its first national jazz station on DAB digital radio.

Elmo, the furry red toy doll known for laughing hysterically, has a new update. The newest model falls and laughs as it clutches its belly.

Payouts on personal pensions have halved in the past decade, a survey shows.

ArmorGroup International Plc, provider of defensive protective security services today announced its unaudited interim results for the six months ended 30th June 2006

The British Cabinet Office has chosen international IT services company Atos Origin to provide IT managed services for the Government Gateway application.

Paragon Group Plc announced today that it would be meeting with analysts ahead of its close period for the year ending 30th September 2006.

As Ford Motor Co. moves to implement its biggest job-cut and plant-closure program in its 103-year history, uncertainties about the turnaround plan risk complicating its execution, analysts said on Monday.

Trafficmaster Plc, the vehicle navigation provider, today announced its return to profit in the first half ended 30th June 2006

Finance ministers on Monday endorsed a controversial new World Bank strategy for tackling corruption in developing countries

Concerns over exploding computer batteries may be heating up, but alternative power sources for portable devices like laptops, music players and cellphones could still be up to 10 years away.

Malaysia's financial markets regulator said Tuesday it is investigating allegations of manipulation of shares on the country's stock exchange, but it would not say whether the probe includes activities by a U.S.-based hedge fund.