IBT Staff Reporter

50941-50970 (out of 154943)

No proof Jackson doctor killed singer

Michael Jackson paid with his life for the criminal negligence of his personal doctor, prosecutors told a Los Angeles jury on Thursday, but defense lawyers said there was no evidence any crime was committed in the singer's 2009 death.

AMD to lay off a 10th of workforce by 2012

Advanced Micro Devices Inc unveiled a plan on Thursday to save about $200 million of operating costs in 2012 by slashing 10 percent of its global workforce and streamlining internal business processes.

AIG loses $4 billion on planes, weak markets

Insurer American International Group lost more than $4 billion in the third quarter, as its aircraft leasing unit took an impairment charge on a portion of its fleet and the fair value of the company's one-third stake in Asian insurer AIA fell.

Greek PM Ready to Yield to Coalition if Vote Won

Greek Prime Minister George Papandreou has struck a deal with ministers to step down and hand power to a negotiated coalition government if they help him win a confidence vote on Friday, government sources with knowledge of a cabinet meeting said.

Exclusive: Swiss offer US tax deal for all Swiss banks

The government of Switzerland has proposed a multibillion-dollar settlement with U.S. authorities over allegations that it helped wealthy Americans avoid billions of dollars in U.S. taxes, according to sources briefed on the matter.

Icahn raises stake in WebMD

Activist investor Carl Icahn revealed an increased stake in WebMD Health Corp , a day after the company adopted a shareholder rights plan.

Service sector growth dips, initial claims ease

Fewer Americans filed new claims for jobless benefits last week while the country's vast service sector continued to grow last month, according to data on Thursday that showed the U.S. recovery was on track, though not speeding along.

Exclusive: Swiss offer U.S. tax deal for all Swiss banks

The government of Switzerland has proposed a multibillion-dollar settlement with U.S. authorities over allegations that it helped wealthy Americans avoid billions of dollars in U.S. taxes, according to sources briefed on the matter.

Groupon set to price closely watched IPO

Groupon Inc is set to price one of the year's most closely watched initial public offerings late Thursday, to strong demand for the scaled-back stock market debut of the largest daily deal company.

Kodak may need patent sale, new debt to survive

Eastman Kodak Co spooked investors on Thursday by warning it may need to raise new debt or complete a multibillion-dollar patent sale to survive the next 12 months, sinking shares by as much as 11.7 percent.

Duqu hackers shift to Belgium after India raid

Hackers used a server in Belgium to collect data stolen from machines infected with the Duqu computer virus, after authorities shut down another rogue collection system in India, according to security experts.

Jefferies says has no meaningful Europe exposure

Jefferies, responding to its plunging shares and growing fear over its stability, said it had no meaningful net exposure to European sovereign debt and that it was, in fact, positioned to profit should credit quality there deteriorate further.

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