IBT Staff Reporter

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Greece to get loan, Trichet says crisis systemic

Greece should receive a vital lifeline next month in order to avoid bankruptcy, its international lenders said on Tuesday, buying time for a broader EU response to a debt crisis that Europe's top central banker labeled systemic.

Goldman Sachs may post Q3 loss: Citi

Goldman Sachs Group Inc will likely record a loss in the third quarter, only the second quarterly loss in the Wall Street titan's history, hurt by weakness across trading and investment banking, equity market declines and wider credit spreads during the period, Citigroup said.

Spotify makes a loss despite strong customer demand

The popular digital music service Spotify made an operating loss of 26.5 million pounds ($41.5 million) in 2010, despite growing revenue more than five-fold due to increased advertising and attracting more subscribers in Europe.

Regulators release Volcker rule limits on Wall St. bets

Regulators on Tuesday released for public comment the Volcker rule proposal that will restrict Wall Street's ability to trade for its own profit, setting off what is expected to be a fierce lobbying campaign to weaken the crackdown.

Steve Jobs: Top 20 Most Popular Quotes by the Legendary Tech Genius

The legendary tech genius Steve Jobs passed away on Oct. 5, leaving a great void in the world. It is Jobs who changed the way we think of the digital world, who changed the concept of mobile phone and tablet, and who revolutionized the technology industry. Here's a quick look at the most popular quotes by Steve Jobs. Perhaps, people might get inspired by the quotes and understand why Jobs and his Apple succeeded so well.

Europe's Banks to Undergo Increased Scrutiny

Europe's banks will have to achieve a significantly stronger capital position under a quick-fire regulatory health check and may need to raise some 100 billion euros ($137 billion), banking and regulatory sources said on Tuesday.

Giant Ichthyosaur-Killing Kraken Theory Draws Doubts From Scientific Community

It's a good story - so good, in fact, that it's survived hundreds of years, passed down from the lips of ancient mariners to be incorporated into impressive CGI jet propane-fuelled blockbusters. The legend of the kraken - the terrifyingly huge, violently belligerent giant squid capable of snapping ships in twain with a snap of its tentacles - has endured and tickles our imagination even today. But what evidence is there for the murderous cephalopod?

YouTube Space Lab Helps Science Students Reach For the Stars

Google, NASA, and countless international space agencies just launched what they are calling the YouTube Space Lab. The idea is to hold a video contest allowing students to submit experiment ideas they will consider performing on the International Space Station (ISS).

Stocks to open lower with Slovak vote awaited

Stocks were poised for a lower open on Tuesday following sharp gains in the prior session as investors awaited the results of a key vote by Slovakia on expanding the euro zone rescue fund.

Google Asked to Hand Over WikiLeaks Data

The U.S. government has asked Google and Sonic to give up any WikiLeaks-related information and data, following with an order for them to turn over Appelbaum's e-mail contact list -- without a warrant.

iPhone 4S Pre-orders Set New Record Sell-out

There is a bad news to those who have not preordered iPhone 4S: pre-orders for iPhone 4S have been sold out. The iPhone 4S is so popular that it was sold out in a single day at the online Apple store. The company started accepting online pre-orders on Oct. 7. Like the previous iPhone 4, the iPhone 4S also has black and white two color versions, each with 16 GB storage capacity for $199, 32 GB for $299?and 64 GB for $399.

T-Mobile Leak: First Wave of New Holiday Season Phones To Be Released

Ever since T-Mobile submitted an amicus brief in the Samsung-Apple patent lawsuit saying that it had a boatload of new products to unveil for the holiday season, customers have been trying to get a peek into the trunk of Santa's sleigh. Last week, blog TMo News announced that it had obtained a leaked roadmap of the devices mobile phone carrier T-Mobile is planning to roll out over the next month.

Sony Intends to Make a Biopic on Steve Jobs

Sony is negotiating for the movie rights to the Steve Jobs' biography, the only authorized biography on Jobs. If Sony succeeds, the movie would like to be released late next year or the year after next.

Slovak euro fund vote hits snag, seen passing soon

A Slovak ruling party said it would abstain on Tuesday from a vote on expanding the euro zone's EFSF rescue fund, forcing the government to turn to opposition parties to push through a deal agreed by the currency bloc to contain the Greek debt crisis.

AT&T Wants Apple to Rebrand iPhone 4S as a 4G Phone

This will happen with an iOS release from Apple. Since iPhone 4S is an HSDPA device, our customers will get 4G speeds from day one. Only AT&T has this unique network advantage, the memo in the Verge emphasizes.

News Corp urges shareholders to re-elect board

News Corp urged shareholders to vote for the 15 directors up for election next week and said it vehemently disagrees with reports by corporate governance watchdogs like ISS, which have criticized the Rupert Murdoch-controlled company's practices.

Stock Futures Slip as Slovak Vote Awaited

Stock index futures were lower on Tuesday after a strong rally in the prior session as investors awaited the results of a key vote by Slovakia on expanding the euro zone rescue fund.

Goldman Sachs May Post Third-Quarter Loss: Citi

Goldman Sachs Group Inc. will likely record a loss in the third quarter, only the second quarterly loss in the Wall Street titan's history, hurt by weakness across trading and investment banking, equity market declines and wider credit spreads during the period, Citigroup said.

Decision on Saab's fate could be hours away: report

The administrator in charge of Saab's restructuring under court protection could pull the plug on the process as early as Tuesday, paving the way for declaring the auto maker bankrupt, daily newspaper Svenska Dagbladet reported.

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