Somali pirates say they have received a multi-million dollar ransom and released the Thor Nexus, a Thai-owned bulk carrier they seized on December 25. The 20,377-dead weight bulk carrier was hijacked 350 miles off Oman with crew of 27 Thais on its way to Pakistan. "We received a $5 mln ransom early in the morning

Apple’s iPhone 5 isn’t expected to hit the market until Christmas or early next year, according to Business Insider’s Jay Yarow. Avian Securities said in a note, based on conversations with a “key component supplier” to Apple, that the the iPhone 5 should go into production in September and that Apple could also be developing

Worried about how many calories you are going to consume in that slice of pizza, chocolate cake or bag of fries? A new iPhone application may help.   After taking a picture of the meal with the phone, the app gives a calorie read-out almost instantly. The app, called MealSnap, was developed by DailyBurn, a

Omega Insurance, which has received takeover approaches over the last month, estimated it could have losses of around $24 million from last month's earthquake in Japan, which has hit insurers across the world. "Omega estimates its ultimate loss, net of reinsurance and reinstatement premiums, to be approximately $23.6 million, based on an estimated insured market

Mark Zuckerberg won a legal battle against former Harvard classmates who accuse him of stealing their idea for Facebook, but the feud made famous on the silver screen is not over yet. Cameron and Tyler Winklevoss must accept a cash and stock settlement with Facebook that had been valued at $65 million, a U.S. appeals

When doctors step into their patients' shoes, their treatment decisions don't always line up with the advice they give in their clinics, a U.S. survey says. Faced with hypothetical treatment scenarios, when they imagined themselves as the sick person, doctors more often chose therapies that carried a higher risk of death but fewer severe side

Japan raised the severity of its nuclear crisis to the highest level on Tuesday, putting it on a par with the world's worst nuclear disaster at Chernobyl in 1986 because of the amount of radiation released into the air and sea. As another major aftershock rattled the earthquake-ravaged east of the country, a fire broke

A second major aftershock measuring 6.3 rocked northeast Japan on Tuesday, swaying buildings in central Tokyo, shortly after the government upgraded its nuclear crisis to that on par with Chernobyl in 1986. The latest aftershock struck the area of Fukushima, near the crippled Daiichi nuclear plant, said the Japan Meteorological Agency. A 6.3 aftershock hit