IBT Staff Reporter

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Next Jump to take down Borders website

Next Jump Inc has agreed not to contact Borders Group Inc's customers or operate its website, resolving Borders' bid for an injunction over trademark infringement allegations against the marketing engine.

Private equity giant Carlyle files for IPO

Private equity company Carlyle Group filed for an IPO on Tuesday, a long-awaited move to catch up with rivals Blackstone, KKR and Apollo, but the volatility of global markets means an offering is unlikely until the first half of 2012.

U.S. must reveal some cellphone tracking cases: court

The government must tell the public how it tracked suspects by cellphone without having given a judge detailed reasons for the tracking in some cases, an appeals court ruled on Tuesday, in a case pitting new technology against privacy rights.

Rick Perry Campaign: 5 Reasons He Can Win

A previous article looked at 10 positions that could make Perry unelectable once he has to win over the general electorate rather than just Republican voters. On the flip side, here are five reasons he could have a good chance.

Groupon reevaluating IPO: report

Daily deals website Groupon has called off an IPO roadshow slated for next week because of market volatility, the Wall Street Journal reported on Tuesday.

Service sector picks up but jobs still a worry

The dominant services sector picked up steam unexpectedly last month, snapping a three-month streak of slower growth, though a slower pace of hiring underscored concerns about the broader job market.

U.S. bank stocks slide on mortgage worries

JPMorgan Chase & Co and Bank of America led bank stocks lower on Tuesday after mortgage lawsuits filed late on Friday aggravated investor fears that the biggest banks could face massive legal liabilities.

Egypt lets Kuwait lawyers join Mubarak defence team

Egypt's justice minister agreed to let five Kuwaiti lawyers join the defence team of ousted President Hosni Mubarak, who is on trial for incitement to kill demonstrators and corruption, state news agency MENA said.

Libyan convoys in Niger, may be Gaddafi deal

Scores of Libyan army vehicles crossed the desert frontier into Niger in what may be a bid by Muammar Gaddafi to seek refuge in a friendly African state, military sources from France and Niger told Reuters on Tuesday.

Ex-BP boss to seal return with $4 billion Iraq deal

Tony Hayward, who stepped down as BP boss in the wake of the Gulf of Mexico oil spill, will imminently seal his return to the oil industry, by buying into Turkey's Genel Enerji, in a deal valuing the target at around $4 billion, a source close to the matter said on Tuesday.

Another loss-making event could scare investors: S&P

Increases in the frequency and severity of natural disasters, in addition to the fact reinsurers are trading below book value, have made investors unwilling to inject capital into struggling reinsurers in the event of another loss-making event, Standard & Poor's (S&P) said on Tuesday.

U.S. Solar Firm Solyndra Files for Bankruptcy

Solyndra LLC, a solar panel maker that received $535 million in federal loan guarantees, filed for bankruptcy, the third U.S. solar firm to succumb to pressure from Chinese rivals in recent weeks.

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