A senior U.S. diplomat warned Iran that it is facing the prospects of tough new sanctions "in the next week or two" unless it comes to the negotiating table on its nuclear program.

Sony Pictures Entertainment has signed a five-year, $3.8 million contract with IBM to support its global financial system . The agreement, signed in Q1 2007, expands on a $4.3 million Q4 2006 contract between the two companies that was based on a competitive evaluation.