IBT Staff Reporter

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Apple iPad Should Lower Price Point, Says Analyst

The phrase 'iPad killer' has been bandied about for so long that one could be forgiven for the mistake of thinking such a device actually exists. As it turns out, the true iPad killer, according to Goldman Sachs analyst Bill Shope, won't be another tablet but the iPad's own prohibitive price tag.

JPMorgan fined for sale of risky investments

A U.S. regulator ordered JPMorgan Chase & Co to pay $3.62 million in fines and reimbursement for recommending investments linked to junk bonds to unsophisticated customers who might not have been able to take on the risks.

How to play it: Riding the holiday shopping wave

Retailers have grappled with rising commodity costs, thinning margins and jittery consumer confidence all year. Now they're set for the ultimate test: The make-or-break holiday shopping season, which accounts for 20-to-30 percent of all retail sales.

Euro zone barely grows in Q3, recession looms

The euro zone economy grew just 0.2 percent in the third quarter as solid growth in Germany and France was dampened by countries at the sharp end of the debt crisis and economists expect a slide into recession by early next year.

Wal-Mart profit below forecasts despite better sales

Wal-Mart Stores Inc's decision to absorb most of the rising food costs for its stressed U.S. shoppers and spend on its e-commerce business weighed on profitability, even as key U.S. sales rose for the first time in more than two years.

Keystone XL Pipeline Rerouted Around Nebraska Sandhills

TransCanada agreed on Monday to reroute its Keystone XL oil pipeline around the Nebraska Sandhills in response to environmental concerns. The concession, which came on the heels of President Obama's decision to order a State Department re-review of the pipeline project, was a strategic move that divided the coalition of locals and environmentalists opposed the pipeline.

C.Suisse ends oldest Swiss bank brand Leu

Credit Suisse Group AG will fully integrate private bank Clariden Leu into its organization, ending the 250 year-old Leu brand and cutting jobs to achieve 200 million Swiss francs ($220 million) in annual cost savings.

Makana Sings Protest Song on Summit Dinner to Support Occupy Movement (Video)

Makana, a Hawaiian singer, performed to support the Occupy Movement at a dinner in Honolulu, which was hosted by President Barack Obama for Asia-Pacific Economic Co-operation Summit participants from 21 economies around the Asia-Pacific, including Obama family, Chinese President Hu Jintao and Russian President Dmitry Medvedev.

Achleitner move to Deutsche Bank defuses conflict

Paul Achleitner's move to Deutsche Bank AG's supervisory board installs a dealmaker with deep connections to the German establishment and defuses a potential conflict with shareholders as well as future co-chiefs Anshu Jain and Juergen Fitschen.

Retail sales beat expectations in October

Retail sales rose more than expected in October as strong receipts from motor vehicle and building material dealers offset the drag from service stations, suggesting the economy started the fourth quarter with some vigor.

NY Fed manufacturing growth index rises in November

A gauge of manufacturing in New York state rose in November, ending five straight months of contraction, while the outlook for coming months strengthened, the New York Federal Reserve said in a report on Tuesday.

Retail sales rise broadly, wholesale prices fall

Retail sales rose broadly in October and a gauge of New York state manufacturing showed growth this month for the first time since May, suggesting the economy started the fourth quarter with vigor.

Diaspora Co-founder Ilya Zhitomirskiy Dead: How Did He Die and Why?

Ilya Zhitomirskiy, a co-founder of the open-source social networking website Diaspora, died at the young age of 22, shocking everyone. San Francisco Police Department Officer Alvie Esparza told CNNMoney on Sunday that the initial determination of cause of death appeared to be suicide.

I Volunteer as Tribute: The Hunger Games Trailer Released (VIDEO)

The trailer for the adaptation of The Hunger Games, a best-selling epic novel, was unveiled online on Monday. Oscar nominee Jennifer Lawrence stars as Katniss Everdeen. The film also stars Josh Hutcherson, Liam Hemsworth, Woody Harrelson, Donald Sutherland and Stanley Tucci.

Sino-Forest is no Ponzi Scheme: Panel Report

Canada-listed Sino-Forest Corp said an independent committee found no evidence of fraud at the Chinese timber firm following allegations from short-seller Muddy Waters it had exaggerated its assets, although the committee also said it had been unable to verify the company owned all of its forests.

Wall Street set to fall on Italy fears

Wall Street was set to fall on Tuesday, led by banks and resource-related stocks, as risk aversion tied to Europe's debt crisis sent Italy's bond yields back into a perceived danger zone.

Australia court to hear Samsung-Apple case in March

An Australian court has agreed to hear in March a case brought by Samsung Electronics to ban sales of Apple Inc's latest iPhone, with sales allowed to continue as normal ahead of the full hearing on alleged patent infringements.

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