IBT Staff Reporter

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Markets pause on caution as Greece debt talk eyed

Asian shares and the euro paused from last week's rally on Monday as investors sweated on the progress of crucial Greek talks on a debt swap deal to avoid a default, while activity was subdued due to the Lunar New Year holiday in much of Asia.
Jan 23, 2012

RIM names new CEO as Lazardis, Basillie step down

Research In Motion's co-chief executives Mike Lazaridis and Jim Balsillie have bowed to investor pressure and stepped down, handing the job to an insider with four years at the struggling BlackBerry maker.
Jan 23, 2012

Two more arrested in Europe over Megaupload case

Two men sought worldwide in connection with a U.S.-led crackdown on the online file-sharing website Megaupload have been arrested, a New Zealand government lawyer told a court on Monday.
Jan 22, 2012

Nokia Siemens secures loan deal: report

Nokia Siemens Networks has raised more than 1.2 billion euros from a consortium of 14 European and U.S. banks, the Financial Times reported on Monday.
Jan 22, 2012

Megaupload kingpin tells New Zealand court he is innocent

The founder of online file-sharing website Megaupload argued in a New Zealand court Monday he was innocent on charges of internet piracy and money laundering and said authorities were trying to portray the blackest picture of him.
Jan 22, 2012

BlackBerry maker CEOs step down as pressure mounts

Research In Motion's Mike Lazaridis and Jim Balsillie have bowed to investor pressure and resigned as co-CEOs and co-chairmen, handing the top job to an insider with four years at the struggling BlackBerry maker.
Jan 22, 2012

Olympus jumps 7 percent after Tokyo bourse keeps it listed

Shares of scandal-hit Olympus Corp jumped more than 7 percent in heavy trade on Monday after the Tokyo bourse kept the company listed, but placed it on its security on alert list for firms needing to urgently improve their internal management.
Jan 22, 2012

U.S. lawyer for Megaupload.com withdraws

Content-sharing Internet service Megaupload.com has lost the help of one of the best-known U.S. defense lawyers as it begins to fight charges of copyright infringement, a person familiar with the matter said.
Jan 22, 2012

U.S. shipbuilder welcomes Navy decision on carriers

Huntington Ingalls Industries on Sunday welcomed news that the U.S. Defense Department would not cut its fleet of 11 aircraft carriers to help trim the budget deficit, but naval experts say they are still awaiting details about work on the next such vessel.
Jan 22, 2012

Twitter is much more than social: co-founder Dorsey

Twitter is much more than a social network and has no time to waste worrying about newcomers like Google+ as it becomes more important as an information service and builds its advertising business, co-founder Jack Dorsey said on Sunday.
Jan 22, 2012

Strong start for stocks, but what's changed?

Stocks rising, bulls rampant are motifs you might pick if designing a coat of arms for Wall Street at the moment. But the motto should read: Caveat emptor. Yes, buyer beware.
Jan 22, 2012

Megaupload.com a Story of Dotcom Boom and Bust

Kim Dotcom, also known as Kim Schmitz and Kim Tim Jim Investor, spent his 38th birthday on Saturday in a New Zealand jail after 70 police personnel raided his country estate at the request of the U.S. FBI, which alleges Dotcom masterminded a criminal -- and highly profitable -- copyright-infringement operation.
Jan 21, 2012

Newsmaker: Megaupload a story of Dotcom boom and bust

Among the roll-call of hip-hop artists and other celebrities plugging Megaupload.com's digital storage services in an online promotional video, a cameo from the website's founder would have gone unnoticed by many.
Jan 21, 2012

Megaupload a story of Dotcom boom and bust

Among the roll-call of hip-hop artists and other celebrities plugging Megaupload.com's digital storage services in an online promotional video, a cameo from the website's founder would have gone unnoticed by many.
Jan 21, 2012

Brazil's Petrobras replaces CEO Gabrielli: report

Brazilian state-controlled oil company Petrobras ousted chief executive Jose Sergio Gabrielli, the man who oversaw the discovery of the largest oil find in the Americas in decades, local media reported on Saturday.
Jan 21, 2012

Appeals court dismisses suit over new CFTC rule

An appeals court has dismissed a lawsuit by the financial industry challenging new federal regulations aimed at cracking down on speculation in commodities markets, a move that will likely delay a decision over whether the rules pass muster.
Jan 21, 2012

France Tel to stand firm on mobile pricing: CEO

France Telecom will not match the low-cost mobile offers recently launched by new operator Iliad because such aggressive pricing would be bad for network quality and innovation in the long-run, said its chief executive.
Jan 21, 2012

Office Depot Tests PayPal's New Point-of-Sale System

Office Depot Inc., the second-largest U.S. office-supply retailer, is testing PayPal's new point-of-sale (POS) system in a few stores, a top executive told Reuters. The news comes a few days after eBay Inc.'s PayPal unit said it had begun testing in-store payments in 51 Home Depot stores.
Jan 21, 2012

RWE to sell $2.3 billion in hybrid debt in 2012: report

German utility RWE expects to issue 1.8 billion euros ($2.33 billion) worth of hybrid bonds in various currencies over the course of this year, effectively rolling over debts maturing in the same amount, in order to maintain its current credit rating.
Jan 21, 2012

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