IBT Staff Reporter

49621-49650 (out of 154947)

Olympus plans $3.38 billion debt reduction: Nikkei

Olympus Corp offered a plan to cut its debt by about 260 billion yen ($3.38 billion) over the next three years to maintain ties with creditors amid a deepening scandal, the Nikkei business daily reported.

ConnecTV strikes deal with 10 broadcast groups

Start-up company ConnecTV, which will track television viewers' watching habits and connect them to other viewers via social media, has struck a deal with 10 TV station groups that collectively cover 76 million U.S. households., the company announced Tuesday.

Qualcomm keeps long-term growth target

Qualcomm Inc on Wednesday affirmed its long-term growth target of at least 10 percent for annual revenue and earnings per share, citing strong demand for smartphones and other wireless devices.

Witness in Jackson doctor trial fined $250

A defense witness in the involuntary manslaughter trial of Michael Jackson's doctor was fined $250 on Wednesday, but escaped sanction for calling another witness a scumbag.

'Skyrim' Sells 3.5 Million, 'Oblivion' Gets Cheap

Bethesda's newest fantasy role-playing game The Elder Scrolls V: Skyrim is doing pretty well in the sales charts. The game sold 3.5 million copies during the first two day on physical and digital shelves. Skyrim's predecessor, The Elder Scrolls IV: Oblivion, gets a 75 percent off discount on the Steam store.

Without NBA, networks look for alternative programming

Networks are prepared to miss the first few months of a delayed NBA season. But now that it looks like the entire season could be canceled, TNT, ESPN/ABC and the league's other broadcast partners have to make some serious programing decisions.

Lawsuit dropped, but Bieber baby claim lingers

The woman who claimed teen singer Justin Bieber fathered a baby with her has dropped her paternity lawsuit, but Mariah Yeater's lawyer said on Wednesday she is pursuing her claim out of court.

Drake is one lonesome Hip-Hop lothario in Take Care

Drake certainly didn't invent hip-hop solipsism. But the genre's newest superstar proves more intriguingly introspective than most on Take Care, a solid sophomore effort that's destined to have hundreds of thousands of eager buyers also gazing into his navel this week.

UAE says Rafale proposal unworkable

A long-awaited French deal for Dassault to sell at least 60 Rafale fighter jets worth an estimated $10 billion to the United Arab Emirates hit a new snag on Wednesday when it said proposed terms were uncompetitive and unworkable.

Wall St. falls as Europe offsets U.S. gains

Stocks fell on Wednesday as warnings about the impact of Europe's debt crisis on the global economy kept investors cautious, but optimism about the U.S. economy limited losses.

Huawei says focus has shifted fully to margin

China's Huawei Technologies , which has aggressively grabbed around the fifth of mobile telecom gear market, has shifted its focus on improving its margins after it has got a large enough foothold in the market, a company official said.

Manson Follower 'Tex' Watson Seeks Parole Again

Former Charles Manson follower Charles 'Tex' Watson is seeking parole for the fourteenth time this week. He has been in jail since 1971 for the Tate/LaBianca murders committed by the infamous 'Manson Family' in 1969.

Xbox 720 Rumors Say the Cloud is Coming

According to the rumor mill the successor to the Xbox 360 could be some sort of cloud-gaming hybrid mixing physical discs with an online service. Analysts have been busy trying to figure out Microsoft's next move.

Fannie, Freddie executives defend pay packages

Top executives at Fannie Mae and Freddie Mac on Wednesday defended their companies' pay practices which have drawn opposition after it was disclosed the government-controlled firms were paying out nearly $13 million in executive bonuses.

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