IBT Staff Reporter

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Berlin tempers summit hopes, banks under pressure

Germany said on Monday that a summit of EU leaders next Sunday would not produce a miracle cure for the euro zone's sovereign debt crisis, a warning that pushed down markets after a rise in the past week on expectations of a breakthrough.

Police arrest five protesters in San Francisco

Five people protesting economic inequality were arrested in San Francisco on Sunday night for trying to stop the dismantling of their camp near the regional Federal Reserve building, police said.

Apple sells 4 million iPhones in 3 days

Apple Inc said on Monday it sold 4 million iPhone 4S in the new smartphone's first three days on the market, setting up a strong December quarter for the world's largest technology company.

Wireless initiative stalls new billing rules

The U.S. wireless industry is rolling out more consumer-friendly billing practices, fending off a plan by communications regulators to impose new rules against unexpected charges.

Faster-Than-Light Neutrino Puzzle: Was Einstein Right or Wrong?

Last month's announcement by a team of scientists that it had observed sub-atomic particles called neutrinos moving faster than the speed of light has been challenged in a new paper by independent researcher Ronald A.J. van Elburg at the University of Groningen in the Netherlands. Dr. van Elburg's paper contends that the position of the GPS satellites helping synchronize recorded neutrino flight times relative to the Earth caused an error in the team's calculations.

Jim DeMint Denies Reports he Will Endorse Mitt Romney

Despite reports Monday claiming he would throw his support behind Mitt Romney, Senator Jim DeMint said he had not decided who he would support in the Republican presidential primary -- or even if he would offer an endorsement.

Wall St. lower on euro zone concerns; VIX surges

Stocks fell on Monday as traders rushed to buy protection against a further decline in the market after comments from Germany's finance minister heightened concerns about the euro zone's debt crisis.

HTC loses early U.S. decision vs Apple

Taiwan's HTC Corp lost a patent infringement complaint filed against Apple Inc in a preliminary decision at the U.S. International Trade Commission on Monday.

Surveys say: Retirees are getting very nervous

With his wife still working and the couple’s finances under control, Davey figures that he has the ideal plan in place. All that remains is to land a part-time job with another library to put the icing on the cake. But after submitting close to 20 resumes, Davey hasn’t fielded a single interview.

America’s biggest growth industry: declinism

Conservative agitator Pat Buchanan’s new book says America might not survive until 2025; it’s called “The Suicide of a Superpower.” Even less alarmist observers are suddenly sounding a lot like Buchanan, as economists now predict that China may surpass the United States as the world’s largest economy a lot sooner than we thought, and important conferences are convened to deal with what Fareed Zakaria memorably dubbed “the post-American world.”

Is it crisis time at Sitrick?

Michael Sitrick is the biggest name in crisis management, but the public relations guru is grappling with plunging earnings and a stream of executive defections that have set tongues wagging.

Euroleague to the fore amid NBA lockout

The cancellation of the first two weeks of games in the National Basketball League (NBA) has left Europe's Euroleague, albeit temporarily, as the world's top club competition promising an exciting season.

Web.com to save more from Network Solutions buy

Web.com Group, a provider of Web design, email, marketing and advertising services to local businesses, said it expected to save far more than the $30 million it previously predicted from buying bigger rival Network Solutions.

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