IBT Staff Reporter

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Court throws out potash price-fixing lawsuit

A federal appeals court threw out on Friday an antitrust class-action lawsuit accusing seven companies of engaging in a global conspiracy to raise the price of potash, a mineral used mainly in fertilizer.

Costly bank hole looms as Greeks mull crisis plans

Europe's banks could face a capital shortfall of hundreds of billions of euros if Greece forces them to slash the value of its debt by 50 percent and other troubled euro zone countries like Italy and Ireland follow suit.

Paul McCartney's foray into ballet opens in NY

It was hardly rock 'n' roll, but Paul McCartney's debut into the world of ballet with an orchestral score and tale of love set in a royal undersea court premiered at a gala event to stars, music and ballet lovers at a warm reception held on Thursday.

Thomson Reuters sells risk unit to Vista

Thomson Reuters said it has agreed to sell its trade and risk management software business, which includes flagship product Kondor, to private equity firm Vista Equity Partners.

KB Home signals recovery as new orders jump

KB Home , the fifth-largest homebuilder, saw a 40 percent jump in quarterly orders, suggesting a possible recovery in the housing market after a slump that has lasted half a decade.

Wall Street rises in volatile session

Stocks edged higher on Friday on talk the European Central Bank might add liquidity to shore up the region's vulnerable banking system but persisting worries about a global recession kept markets volatile.

Long-delayed Boeing Dreamliner ready for prime time

Boeing Co's 787 Dreamliner, the world's first commercial airplane made largely of lightweight composite materials, is set for first delivery to a customer next week, the pinnacle achievement in the life of one of Boeing's most challenging airplane programs.

HP names Whitman CEO, Apotheker out

Hewlett-Packard Co named former eBay Inc Chief Executive Meg Whitman its president and CEO, replacing the harshly criticized Leo Apotheker in a bid to restore investor confidence in the iconic Silicon Valley company.

Wall St rises, uncertainty keeps markets volatile

Stocks edged higher on Friday on talk the European Central Bank might add liquidity to shore up the region's vulnerable banking system but persisting worries about a global recession kept markets volatile.

BofA CDS costs rise after record high Thursday close

The cost to insure U.S. bank debt rose on Friday and Bank of America's debt protection costs rose over their record closing levels on increasing concern with bank funding costs and the prospect of declining profits if the economy tips back into recession.

Latvia teaches austerity pain and gain to Greece

Latvia's lesson for Greece is that harsh austerity is unavoidable to remedy years of over-indulgence but the vast social differences between the two countries suggest it may be lost on ordinary Greeks.

Cell Phone Use on the Subway is Coming Soon to NYC

A source has confirmed to International Business Times that the Metro Transit Authority (MTA) will be partnering with AT&T and T-Mobile to provide cell phone coverage at the platforms of certain subway stations.

Amazon wins one-click purchasing patent appeal

Online retail giant Amazon.com Inc won another round in the patent fight over its one-click purchasing system as an appeals court ruled on Friday that it did not infringe technology patented by Cordance Corp.

Massive bank capital gap looms in Europe

Europe's banks face a capital hole of at least 200 billion euros ($269 billion) if Greece forces them to slash the value of its debt and other troubled euro-zone countries like Italy and Ireland follow suit.

Rumblings of Greek Default Gather More Steam

Talk of a possible Greek default gained pace on Friday while a pledge by the world's major economies to prevent Europe's debt crisis from undermining banks and the global economy failed to lift financial markets for long.

Greek default talk gathers pace

Talk of a possible Greek default gained pace on Friday while a pledge by the world's major economies to prevent Europe's debt crisis from undermining banks and the global economy failed to lift financial markets for long.

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