IBT Staff Reporter

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Scorned Israeli Scientist Dan Shechtman Wins Nobel Prize in Chemistry

Israeli scientist Dan Shechtman from the Technion-Israel Institute of Technology received the Nobel Prize for discovering quasicrystals. He will be receiving 10 million-kronor, or $1.4 million, in monetary rewards. All of Israel celebrates in his accomplishments as this scientific breakthrough brings the small country great pride in their technological innovation.

Venus Ozone Layer Spotted - Can the Planet Support Life?

The European Space Agency's (ESA) Venus Express spacecraft has identified a thin layer of ozone surrounding the planet Venus, raising questions once again as to whether the Morning Star could possibly be harboring life on its rocky surface.

Kicking it Under Klinsmann: U.S. Soccer Team Records First Win Under German

The U.S. men's soccer team has, finally, recorded its first win under new coach Jurgen Klinsmann. Clint Dempsey (who plays with Fulham Football Club in England's Premier League) scored on 36 minutes, in an exhibition match against the Honduras on Saturday, to hand Klinsmann his first win in his fourth game in charge of the U.S. national team.

France, Belgium meet to finalize Dexia break-up

French and Belgian prime ministers began talks aimed at finalizing a rescue of Dexia bank ahead of a planned board meeting expected to pave the way for a breakup of the first lender to fall victim to the euro zone crisis.

Business jet industry looks to 2012 for growth

The business jet industry is expecting 2012 to mark its first year of growth in deliveries since the financial downturn, but more pain could still be ahead for the low end of the segment that has been hardest hit.

IMF mission chief says Greece is at crossroads

Greece is at a crossroads and will need to implement much stricter structural reforms than seen so far, IMF mission chief to Greece Poul Thomsen was quoted as saying by a German paper on Saturday.

Brewers edge Diamondbacks to end playoff drought

The Milwaukee Brewers beat the Arizona Diamondbacks 3-2 in 10 innings on Friday to reach the National League Championship Series (NLCS) by claiming their best-of-five divisional playoff series 3-2.

France, Belgium Set to Finalize Dexia Breakup

France and Belgium are set to finalize the breakup Sunday of Dexia, the first bank to fall victim to the Eurozone sovereign debt crisis, with global credit risk exposure of 512 billion euros ($691 billion).

France, Belgium set to finalize Dexia break-up

France and Belgium were set finalize the break-up Sunday of Dexia, the first bank to fall victim to the euro zone sovereign debt crisis, with global credit risk exposure of 512 billion euros ($691 billion).

Georgia says no deal in talks on Russia WTO entry

Talks between bitter rivals Georgia and Russia over Moscow's bid to join the World Trade Organization ended without agreement on Saturday, and Georgia said it would block Russian accession unless Moscow's position changes.

Europe eyes buoying banks to weather debt storm

European banks may need more than 100 billion euros ($135 billion) to withstand the sovereign debt crisis, Ireland estimated on Saturday ahead of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to work out how to recapitalize the lenders.

Korea's Busan stakes claim as Asian film hub

With a new name, a new venue and an emphasis on actors and directors from lesser-known parts of Asia, this South Korean port city is moving decisively to assert its status as the region's pre-eminent film industry destination.

Paul McCartney to wed U.S. heiress on Sunday

Former Beatle Paul McCartney will wed for the third time on Sunday when he and New York heiress Nancy Shevell are married in a civil ceremony in London, British newspapers reported.

Zsa Zsa Gabor hospitalized with high fever

Zsa Zsa Gabor, the Hungarian-born actress and celebrity who became a symbol of Hollywood glamour, is in very unstable condition at UCLA Medical Center in Los Angeles after a medical emergency on Saturday, her husband said.

Europe eyes bolstering banks ahead of debt storm

European banks may need more than 100 billion euros ($135 billion) to withstand the sovereign debt crisis, Ireland estimated on Saturday ahead of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to work out how to recapitalize the lenders.

iPhone 4S Preorders Break Record despite Initial Hiccup

The iPhone 4S has garnered an extraordinary demand when the preorder of the Apple smartphone was greeted by a bump.It was not a smooth start for the iPhone 4S buyers when the preordering process kicked off at 12:01 a.m. (PDT) on Friday. Apple's online store experienced intermittent errors shortly after the deadline, according to CNET, and error messages frustrated the customers. Eventually Apple switched to a reservation system that allows buyers to reserve a device while pushing...

European bank bill well over $133.8 billion: Ireland

There is general agreement that European banks will need fresh capital well in excess of 100 billion euros ($133.8 billion) and it will likely come from a variety of sources, including the euro zone rescue fund, Ireland's finance minister said on Saturday.

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