IBT Staff Reporter

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Citigroup May Cut up to 3,000 Jobs: Report

Citigroup In c is planning to cut as many as 900 jobs from its securities and banking division as it grapples with turmoil in equity and debt markets, the Wall Street Journal reported Tuesday.

Citigroup could cut up to 3,000 jobs: report

Citigroup In c is planning to cut as many as 900 jobs from its securities and banking division as it grapples with turmoil in equity and debt markets, the Wall Street Journal reported Tuesday.

Drake finds new groove on Take Care

The 25-year-old rapper-singer, born Aubrey Drake Graham in Toronto, Canada rose to stardom under the tutelage of rapper Lil Wayne, who signed Drake to his Young Money record label in 2009, and Take Care tells of his rocket ride to rap stardom.

Olympus Shares Rise; Ex-CEO may be Questioned

Shares in Japan's disgraced Olympus Corp jumped on Wednesday on speculation that it can escape delisting over an accounting scandal and that the brunt of any punishment will be borne by a few executives rather than the firm itself.

Qantas hopeful on deal with unions, shares rally

Australia's Qantas Airways is hopeful of reaching an agreement with three key unions by a November 21 deadline, its chief executive said on Wednesday, after it grounded its fleet last month in a desperate bid to end industrial disputes.

Fannie, Freddie cut lenders' risk in refinance program

Fannie Mae and Freddie Mac , the largest sources of U.S. housing finance, both said on Tuesday they would relieve lenders from certain risks associated with refinanced loans in an effort to help a government program reach more distressed homeowners.

Intel fund focuses on mobile applications

Intel is launching a $100 million fund to invest in companies creating applications and content that complement its mobile chips, which have struggled to find a foothold in tablets and smartphones.

Diane Keaton's Memoir Discusses Bulimic Years

Diane Keaton struggled with bulimia for five years before a psychotherapist helped her overcome it sometime around 1973, the actress wrote in a memoir that hit bookstores Tuesday. After learning she needed to lose 10 pounds to land a part in the original Broadway production of Hair in 1968, Keaton wrote, she would consume staggering amounts of ice cream that she later regurgitated.

Autodesk Q3 beats Street

Design software maker Autodesk Inc's third-quarter results beat Wall Street estimates on strong demand across all its geographies.

Amazon tablet has chips from TI, Samsung, Hynix

Amazon.com Inc's Kindle Fire tablet computer uses components from Texas Instruments, Samsung, LG and Hynix Semiconductor, according to repair firm iFixit, which cracked the device open on Tuesday.

Call of Duty PC Elite in Jeopardy

Since the launch of Call of Duty: Modern Warfare 3, the online service has had troubles loading and Activision delayed the PC version of the service.

3D Technology Takes First Steps Toward Projection Without Screens (Video)

Japanese 3D-display engineering firm Burton has developed what it says is the first true three-dimensional display technology. Instead of projecting images onto a two-dimensional screen, as current technologies do, the Aerial 3D system uses lasers to produce plasma excitation from oxygen and nitrogen particles at specific points in air or water.

Qantas hopeful can reach deal with unions by Nov 21

Australia's Qantas Airways is hopeful of reaching an agreement with three key unions by a November 21 deadline, its chief executive said on Wednesday, after it grounded its fleet last month in a desperate bid to end industrial disputes.

Rock Center gets boost from Penn interview, CBS wins night

NBC's 'Rock Center With Brian Williams' enjoyed a considerable boost with its interview of disgraced Penn State assistant football coach Jerry Sandusky on Monday, while Two and a Half Men took the top ratings and helped propel CBS to an overall win for the night, according to preliminary numbers.

Descendants: uproarious comedy about grief and loss

In the same way that aloha can be used for either hello or goodbye, the Hawaii-set The Descendants contains its own contradictions -- it's an uproarious comedy about grief and loss, and a reminder that hell can exist quite comfortably in paradise.

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