IBT Staff Reporter

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Former WikiLeaks partners condemn document release

Five prominent news organizations which collaborated with WikiLeaks have condemned the website and its founder Julian Assange for making public uncensored copies of more than 250,000 U.S. diplomatic cables.

Garmin eyes Europe No.1 spot with Navigon

Garmin Ltd is looking to challenge rival TomTom's leading position in the European market for portable navigation devices though its acquisition of Germany-based Navigon, its executive said on Friday.

Regulator to sue major banks over mortgages

A U.S. regulator will soon file lawsuits against major banks accusing them of bundling subprime home loans into bonds that never should have been sold to investors and causing mortgage giants Fannie Mae and Freddie Mac to lose billions, according to a source familiar with the matter.

Job growth grinds to halt

U.S. employment growth ground to a halt in August as sagging confidence discouraged already skittish businesses from hiring, piling pressure on the Federal Reserve to provide more stimulus to aid the economy.

Wall St tumbles after dismal jobs report

Wall Street stocks tumbled on Friday, with major indexes falling as much as 2 percent as data showed U.S. jobs growth flatlined in August, exacerbating worries the economy is faltering.

McCourt Offered $1.2 Billion for Dodgers: Report

Bill Burke and certain other investors have offered Los Angeles Dodgers baseball team owner Frank McCourt $1.2 billion for the bankrupt team, a Los Angeles Times report said, citing two people familiar with the contents of an offer letter.

AT&T prepares two-track plan to save T-Mobile deal

AT&T Inc is expected to soon present a proposed solution to U.S. antitrust regulators to salvage its planned $39 billion acquisition of smaller rival T-Mobile USA, according to people close to the matter.

Greece, EU/IMF talks on hold, at odds over deficit

Talks between Greece and its international lenders on a new aid tranche were put on hold on Friday after disagreement over why Athens has fallen behind schedule in cutting its budget deficit and what it must do to catch up.

Baidu offers glimpse of new mobile OS

China's top search engine Baidu Inc offered a glimpse of its upcoming mobile operating system and launched a new mobile application platform on Friday aimed at bolstering its presence in the increasingly competitive mobile web market.

Tropical Storm New Orleans: Flooding Is a Greater Threat Than Winds

Tropical Depression 13, which continued to move toward the Gulf Coast on Friday, has winds up to 35 miles per hour, but the region can't rest easy. The storm may not be packing hurricane-force winds when it hits New Orleans, but it could drench the city with up to 20 inches of rain and cause severe flooding.

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