IBT Staff Reporter

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Greek aid tranche likely but not assured: troika source

Inspectors from the IMF, EU and the European Central Bank are likely to recommend releasing a vital tranche of aid to Greece but Athens must first do more to convince them it can implement reforms, a senior official from the troika said on Wednesday.

Plunging business activity fuels euro recession fears

Private sector business activity shrank in the euro zone for the first time in two years last month as new orders dried up, stoking fears that the economy could be heading back into recession, surveys showed on Wednesday.

Let's Talk iPhone 4S: What We Got (Isn't So Bad)

Like Christmas day, the Let's Talk iPhone event has come and gone, leaving behind a sense of Boxing Day-esque anticlimax. Paul Schiller's 10:55 reveal that the new iPhone would not be a 5 but a 4S model was greeted with a nearly perceptible slumping of shoulders from disappointed Apple fans the world over.

Plunging PMIs fuel recession fears

Private sector business activity shrank in the euro zone for the first time in two years last month as new orders dried up, stoking fears that the economy could be heading back into recession, surveys showed on Wednesday.

Futures rise alongside Europe

Stock index futures were higher on Wednesday but more volatility was seen as investors awaited data on the labor market and services sector and European finance ministers appeared ready to prop up struggling banks.

Stock Futures Rise Alongside Europe

U.S. stock index futures were higher but more volatility was likely on Wednesday as European finance ministers appeared ready to prop up struggling banks, with data due on the U.S. labor market and services sector.

Samsung Targets iPhone 4S Sales Ban in France, Italy

Samsung Electronics said it will file patent-infringement claims in France and Italy to ban the sale of Apple's new iPhone less than a day after it was unveiled, intensifying a legal battle between the two top brands.

EU bank pledge lifts stocks

European shares and commodity prices bounced on Wednesday after finance ministers agreed to safeguard banks from the spreading sovereign debt crisis, though the euro hovered near a nine-month low against the dollar.

Massive Greek Strike Grounds Flights, Shuts Schools

Airliners were grounded, trains halted and tax offices shut on Wednesday as Greek state workers walked off the job to protest against austerity, defying a plea by the government to rally behind its effort to fend off national bankruptcy.

Greek strike grounds flights, shuts schools

Airliners were grounded, trains halted and tax offices shut on Wednesday as Greek state workers walked off the job to protest against austerity, defying a plea by the government to rally behind its effort to fend off national bankruptcy.

India to launch world's cheapest tablet computer for $35

India unwraps what has been dubbed the world's cheapest tablet computer on Wednesday, to be sold to students at the subsidized price of $35 to expand digital access in the Asian giant that lags peers such as China and Brazil in connectivity.

Samsung, HTC set to gain as iPhone 4S disappoints

Asian smartphone makers have a chance to exploit a rare letdown from pacesetter Apple Inc. after the new iPhone 4S failed to wow fans and investors, leaving Android rivals better placed to grab market share.

Samsung, HTC Set to Gain on iPhone Letdown

Asian smartphone makers have a chance to exploit a rare letdown from pacesetter Apple Inc. after the new iPhone 4S failed to wow fans and investors, leaving Android rivals better placed to grab market share.

Asia stocks trim gains, test policymakers' resolve

European stock index futures rose on Wednesday, despite skepticism among investors about whether European leaders are going far enough in their efforts to fix the region's sovereign debt crisis that prompted Asian stocks to trim earlier gains.

2011: A Good Time to be a Shark?

The Marshall Islands, a tiny nation of atolls in the middle of the Pacific Ocean, has now become something of a Mecca for marine scientists, particularly those who study sharks. On Tuesday, the island nation passed a bill creating the world's largest sanctuary for sharks.

Yahoo readies books for potential buyers: sources

Yahoo Inc's long-time advisers Goldman Sachs Group Inc and Allen & Co are preparing to give potential buyers financial information, in a sign the troubled Internet giant is ready to put itself on the block, sources close to the situation said.

Japan's KDDI to sell new iPhone: Apple

Japan's second-largest mobile carrier KDDI will sell Apple's new iPhone, the California-based company said, ending rival operator Softbank's highly profitable reign as the sole provider in Japan.

Recession, but not like 2008: Morgan Stanley's Roach

Europe is likely already in a mild recession, and the United States could very well join it, but the global economic turmoil is unlikely to reach the depths of the 2008 downturn, Morgan Stanley's Stephen Roach said on Tuesday.

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