More From IBT Staff Reporter
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
Japan manufacturers brace for euro zone breakup: Reuters poll
Japanese manufacturers are bracing for a possible breakup of the euro zone, according to a Reuters poll released on Monday, with 65 percent saying they see a need to prepare for the currency block's partial or complete collapse.
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
Foreign firms eye China's crowded express delivery market
When 70-year-old Qian Yongfang of Nanjing in eastern China opened a package of mooncakes her daughter had sent by express delivery, two boxes of the sweet pastries were missing.
Jan 22, 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
U.S. housing more affordable than other English countries: study
Would-be American home-buyers can take heart: U.S. housing is more affordable than in other English-speaking countries, according to a study of metropolitan areas around the world.
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
Greece needs sustainable debt by 2020: German finance minister
German Finance Minister Wolfgang Schaeuble said on Sunday the crucial factor in negotiations over a debt-swap plan for Greece was that Athens should by 2020 have a sustainable level of borrowing.
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
Bernanke near inflation target prize, but jobs a concern
The Federal Reserve could take the historic step this week of announcing an explicit target for inflation, a move that would fulfill a multi-year quest of the central bank's chairman, Ben Bernanke.
Jan 22, 2012
Delek says government rejects collateral for HSBC loan
Israeli conglomerate Delek Group said on Sunday that the collateral to back an HSBC loan for its gas exploration units had been rejected by Israel's Petroleum Commissioner.
Jan 22, 2012
Swiss econony minister sees franc weakening midterm: paper
Switzerland's economy minister Johann Schneider-Ammann expects the Swiss franc to weaken to about 1.40 francs per euro in the medium term, he told a Swiss newspaper on Sunday.
Jan 22, 2012
Swiss economy minister sees franc weakening in the midterm
Switzerland's economy minister Johann Schneider-Ammann expects the Swiss franc to weaken to about 1.40 francs per euro in the medium term, he told a Swiss newspaper on Sunday.
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
Disney's Biggest Shareholder, Steve Jobs' Family Will Have no Board Seat This Year
When Walt Disney Co. shareholders vote to re-elect directors at its annual meeting in March, neither Steve Jobs' wife nor a representative of his trust will be on the ballot, even though the trust is the media company's largest shareholder.
Jan 21, 2012
Exclusive: Jobs family absent from Disney board despite stake
When Disney shareholders vote to re-elect directors at its annual meeting in March, neither Steve Jobs' wife nor a representative from his trust will be present on the ballot, even though it is the media company's largest shareholder.
Jan 21, 2012
Exclusive: 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 system in a few stores, a top executive told Reuters.
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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