More From IBT Staff Reporter
Insight: Succession questions swirl around Cisco's Chambers
When John Chambers takes to the stage on Tuesday, many will be wondering if it is the last time the chief executive leads Cisco Systems Inc's annual financial analyst conference.
Sep 13, 2011
Northern Trust: No extra fees on cash deposits
A top executive with Northern Trust Corp said the custodian bank will not impose an additional fee on institutional clients who significantly increase their cash holdings.
Sep 13, 2011
Wall St seeks direction; industrials higher
Stocks were little changed in a volatile session on Tuesday as investors struggled to determine whether equities were fairly priced, given persisting uncertainties in Europe.
Sep 13, 2011
Geithner to urge bigger EFSF, rapid action: source
Treasury Secretary Timothy Geithner is likely to urge euro zone finance ministers on Friday to speed up ratification of changes to their bailout fund and consider boosting its size, an EU source said on Tuesday.
Sep 13, 2011
Miss Universe 2011: Did Some Contestants Stir Up A Skimpy Wardrobe Debate?
With an estimated global audience of a billion people, The Miss Universe 2011 beauty pageant, the contestants for the 2011 Miss Universe pageant have arrived in Sao Paulo, Brazil for the 60th anniversary of the Miss Universe pageant on Monday night.
Sep 13, 2011
15 Years Later: Fans, Rappers Still Remember 2Pac
2Pac died 15 years ago today as fans and fellow rappers still remember his legacy.
Sep 13, 2011
Wall Street higher on big-cap techs
Stocks rose on Tuesday led by big-cap technology shares, but continued uncertainty over how European leaders would alleviate Greece's simmering debt crisis capped gains.
Sep 13, 2011
Former MI5 Chief Justifies Dialogue with Gadhafi
Terming the dialogue initiated by the British government with Colonel Gaddafi in 2003 as right decision, the former MI5 chief Lady Eliza Manningham-Buller today acknowledged that though it was difficult, but the decision to engage in dialogue with Gaddafi in 2003 was right.
Sep 13, 2011
Best Buy misses estimates; shares fall
Best Buy Co Inc's reported lower-than-expected quarterly results as shoppers held off on buying televisions and other nonessential items in the anemic U.S. economy, and its shares fell nearly 8 percent.
Sep 13, 2011
Italy under pressure as debt worries grow
Italy had to pay record interest to sell its bonds on Tuesday as it raced to calm market fears that it was losing control of a huge public debt and could trigger a crisis that threatened the euro zone.
Sep 13, 2011
Perez Hilton launches celebrity family website
Hollywood blogger Perez Hilton is in a family way, sort of.
Sep 13, 2011
Snapshot: U.S. alarmed about euro zone, Greek default talk grows
Alarm is growing in the United States at Europe's inability to solve its debt crisis and talk of a full-on Greek default is on the rise. Following are the key events and developments on Tuesday.
Sep 13, 2011
'SpongeBob' TV Show Still in Hot Water for Kids' Low Attention Spans
Nickelodeon's SpongeBob SquarePants, was recently the target of a study published Monday, which suggested that the hit animated TV series may be rotting your four-year-old's brains by lowering their attention spans.
Sep 13, 2011
Wall St set for slightly lower open on euro zone woes
Wall Street stocks were set for a slightly lower open on Tuesday as continued uncertainty over plans to stem the escalating debt crisis in Europe kept investors on edge.
Sep 13, 2011
Best Buy backs outlook despite weak quarter
Best Buy Co Inc's reported lower-than-expected quarterly results on weak demand for televisions, but stood by its fiscal-year revenue outlook.
Sep 13, 2011
Miss Universe 2011 Leila Lopes Prides 'Inner Beauty' [PHOTOS&VIDEO]
What Miss Universe 2011 considers as the key to her victory was, as a lesson for women across the globe, her inner beauty and principles.
Sep 13, 2011
Merkel warns on Greece, Obama voices U.S. alarm
German Chancellor Angela Merkel sought on Tuesday to quash talk of an imminent Greek default as the United States voiced concern at the euro zone's inability to stem its debt crisis.
Sep 13, 2011
Italy pays heavily at debt sale, concerns mount
Sep 13, 2011
Stock futures see-saw on Franco-German uncertainty
Stock index futures see-sawed on Tuesday as continued uncertainty over plans to stem the escalating debt crisis in Europe kept investors nervous.
Sep 13, 2011
HP extends $11.2 billion Autonomy offer
Hewlett-Packard has extended the deadline for its $11.2 billion takeover of British software company Autonomy, with analysts predicting the U.S. firm is on course to succeed.
Sep 13, 2011
IEA cuts oil demand growth forecasts for 2011, 2012
World oil consumption will increase more slowly than expected this year and next as the pace of global economic growth eases, the International Energy Agency said on Tuesday.
Sep 13, 2011
Fiat-Chrysler CEO: Euro System Could Go Off the Rails
Fiat and Chrysler chief executive Sergio Marchionne said the euro single currency system could be derailed unless European leaders resolved the debt crisis.
Sep 13, 2011
S&P 500 futures off on doubt over Italy bond deal
Stock index futures fell on Tuesday after reports cast doubt on a possible deal for China to buy Italian debt, heightening concerns about the fiscal crisis in Europe.
Sep 13, 2011
Analysis: Trading bonanza masks perils for exchanges
Frantic trading as Europe struggles with its debt crisis is providing a brief shot in the arm for stock exchanges, but won't immunize their hefty valuations from fierce competition when the volumes abate.
Sep 13, 2011
Will Microsoft Windows 8 Revolutionize Tablet Market?
Microsoft is all set to release its next generation windows—Windows 8 with its eyes firmly set on the tablet market.
Sep 13, 2011
Italy confirms China meeting as debt pressure mounts
Italian Economy Minister Giulio Tremonti met Chinese officials last week, a Treasury spokesman said on Tuesday after the Financial Times reported that Rome had asked China to buy significant quantities of its debt.
Sep 13, 2011
401(k) break at risk as policymakers mull retirement shift
U.S. retirement programs could look different if a grand deficit-cutting bargain is struck in upcoming negotiations.
Sep 13, 2011
Can New Chief Restore People’s Trust in London Metropolitan Police?
Tough guy and known for his hard-hitting approach towards advocates of crime, Bernard Hogan-Howe yesterday has been appointed as the new Commissioner of the Metropolitan Police Service.
Sep 13, 2011
Nintendo faces end of era after 3DS flop
Nintendo's attempt to rescue its failed 3DS handheld games gadget failed to dispel market gloom, triggering a 5 percent share slide and stoking deep worries for an iconic brand desperate to win back users.
Sep 13, 2011
Fiat CEO says euro system could go off the rails
Fiat chief executive Sergio Marchionne said the euro single currency system could go off the rails unless European leaders effectively resolve the current debt crisis.
Sep 13, 2011
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