Addressing a news conference in Tokyo on Tuesday afternoon, the Toyota President Akio Toyoda announced the worldwide recall of 437,000 hybrid vehicles – including 200,000 Prius cars sold in Japan and 8,500 cars in the UK – marred by complaints about some defect in the vehicles’ braking system.

James Bullard, the president of the St. Louis Federal Reserve Bank and a new member of the Federal Open Market Committee (FOMC), said in a Monday suggestion that the central bank can help foster economic growth by keeping short-term interest rates low till 2012.

In a move that underlines the company’s need for “belt-tightening” in a gradually-recovering economy, the world’s leading package delivery shipper, the Atlanta-based United Parcel Service Inc. (UPS), intends laying-off as least 300 pilots.

A notable landmark was Monday achieved in the history of the renowned Boeing 747 – with the 747-8 Freighter finally completing a successful snag-free test flight at Paine Field in Everett, north of Seattle, Washington.

The much-awaited first flight of the 747-8, which is the newest and biggest commercial jet from Boeing, was delayed two times last year.

A new study has revealed that beer could be good for the bones, giving lovers of the beverage yet another reason to order an additional round.

With the release of Dante's Inferno for PlayStation 3 and XBox 360 today, players can get a real taste of hell. A version for the PlayStation Portable will be released later during the month.

An offering from the house of Electronic Arts, Jonathan Knight of Visceral Games is the Creative Director and Executive Producer of the title.

Microsoft has recently announced that the company's engineers have been closely analyzing that complaints of very low battery life for some laptops running on the Windows 7 operating system, and it has been discovered that the problem is not with the OS but with the machines.

On Monday, while IBM, on one hand, unveiled its new POWER7 processor, Intel, on the other, introduced the 9300 range of processors, and while these launches have spurred interest, experts feel that these have come at a time when the market for UNIX servers is steadily declining.

Official announcements have confirmed that the National Oceanic and Atmospheric Administration will be creating an all new climate change office to collect and provide data and statistics to Governments, industries and academic institutions, a move which is being viewed as a key part of the broad federal effort to gear up for long-term and substantial changes to the planet.

Last year, Nintendo released New Super Mario Bros. Wii, and it was an instant and massive hit. Reports revealed that the game had sold about 10.5 million units across the world in a mere first two months of its release.