More From IBT Staff Reporter
Goldman reaches mortgage pacts with regulators
Goldman Sachs Group Inc completed the long-awaited sale of its mortgage servicing unit on Thursday after having reached agreements with the Federal Reserve and New York state's banking regulator over wrongful foreclosures.
Sep 01, 2011
Veteran Apple executive Eddy Cue gets expanded role
Apple Inc promoted veteran executive Eddy Cue to senior vice president of Internet software and services, marking one of the first personnel moves by new Chief Executive Tim Cook, who succeeded Steve Jobs last week.
Sep 01, 2011
Android vendors unfazed by Google-Motorola deal
Smartphone vendors using Google's Android platform are unfazed by the Web giant's acquisition of Motorola Mobility, seeing it as a move to protect the software from legal attacks and not a competitive threat in the marketplace.
Sep 01, 2011
Cadillac SRX Offers More Powerful 3.6L Engine
Cadillac will offer a new, more powerful engine for the 2012 SRX.
Sep 01, 2011
Companies shift losses to high-tax countries to trim taxes
For nearly two decades, global corporations have increasingly shifted trillions of dollars in worldwide profits to low-tax countries across the Caribbean, Europe and Asia to reduce their tax bills and maximize the bottom line.
Sep 01, 2011
AT&T, T-Mobile Merger: Sprint Applauds DOJ, Refutes Jobs Claims
Sprint is a fan of the DOJ's move to file a lawsuit against the AT&T-T-Mobile merger.
Sep 01, 2011
Government Drops Perjury Counts against Barry Bonds
The government on Wednesday dismissed three counts of perjury against home-run king Barry Bonds that had left jurors deadlocked in his trial stemming from an investigation into athletes' use of performance-enhancing drugs.
Sep 01, 2011
Don't Get Sued for Not Providing Meal Breaks
A new trend in employment law, California companies have recently been experiencing a barrage of meal break lawsuits, challenging state labor rules and the extent to which an employer must provide time to rest.
Sep 01, 2011
US West Coast Products-Gasoline Gains on Report
Gasoline gained in West Coast markets on Wednesday after a U.S. government report showed the regional gasoline inventory fell nearly 1 million barrels last week, traders said.
Sep 01, 2011
EU's Almunia: Motorola deal will not impact Google probe
Google's planned purchase of Motorola Mobility Holdings Inc will not influence an ongoing antitrust investigation into the leading Internet search engine, the EU's antitrust chief said on Thursday.
Sep 01, 2011
Manufacturing activity ticks down in August: ISM
The pace of growth in the U.S. manufacturing sector ticked down to a crawl in August, faring better than economists had forecast but remaining at the lowest level in two years, an industry report showed on Thursday.
Sep 01, 2011
Gulf Could Take a Hit From Latest Storm
If a new tropical storm gains momentum and becomes a hurricane, it could wreak havoc on oil production in the Gulf of Mexico.
Sep 01, 2011
TD Bank raises dividend as profit jumps 23 percent
Toronto-Dominion Bank (TD.TO: Quote) boosted its dividend on Thursday as it reported that strong loan volumes in the United States and Canada drove it to a higher-than-expected quarterly profit, pushing its shares higher.
Sep 01, 2011
HTC executive confident on Q3, sees strong Q4
HTC, the world's fifth-biggest maker of smartphones, sees a strong end to the year as consumer demand for its latest gadgets defies macro-economic worries, a company executive said.
Sep 01, 2011
Cadillac to Launch Compact ATS Sedan in 2012
It's the automotive world’s version of the popular Tall, Grande and Venti sizes of coffee cups at Starbucks.
Sep 01, 2011
Speed Test: What’s the Fastest Way to Board a Plane?
A series of tests were conducted to find the fastest way to board a plane. Turns out, it's not the standard block method most airlines use now.
Sep 01, 2011
CDC: Why Do Half of Teen Americans Consume Sugary Drinks?
Half of the U.S. population age two or older indulges in sugary drinks on any given day, new research finds.
Sep 01, 2011
Kenya interbank rate tumbles, stocks drop
Kenya's interbank lending rate tumbled to 19.2515 percent on Tuesday from 27.7299 percent the previous day, central bank data showed on Thursday, as the bank's action last week to bring down interbank rates filters through the market.
Sep 01, 2011
Golden Star restarts mining at gold mine in Ghana
Golden Star Resources said it has resumed mining at its Pampe gold deposit in Ghana, a move that will help increase overall production and slash cash operating costs at the Bogoso/Prestea mine in the region.
Sep 01, 2011
Nigeria's Access Bank to buy rival Intercontinental
Nigeria's Access Bank said on Thursday it will spend 50 billion naira to acquire a 75 percent stake in rescued rival Intercontinental Bank and combine both firms' operations within 12 months of the merger.
Sep 01, 2011
Somalia famine yet to reach its peak: UN
Food will be increasingly scarce in famine-struck southern Somalia until next year's harvest, the head of the United Nations refugee agency (UNHCR) said on Thursday.
Sep 01, 2011
Wall St lower after rally, focus now on payrolls
Stocks were lower in see-saw trade on light volume on Thursday as investors paused after a four-day rally and awaited Friday's key payrolls report.
Sep 01, 2011
Sony's Xperia Arc S Unveiled, Coming in Q4 2011 [VIDEO]
The Xperia Arc S, Sony Ericsson's latest Xperia range Android smartphone, was unveiled at IFA in Berlin Wednesday.
Sep 01, 2011
Mosaid sees rescue in its Nokia-Microsoft deal
A patent licensing pact reached with tech giants Nokia and Microsoft will transform Canada's Mosaid Technologies, its CEO said on Thursday, and could help protect it from a C$480 million ($490 million) hostile takeover bid.
Sep 01, 2011
Obama Announces 'We the People' Web Site, Promising Official Responses to Petitions
Countering accusation of being out of touch, the Obama administration announced plans on Thursday for a We the People online feature that would let anybody create a petition on the White House Web site. Any petition that got 5,000 or more signatures in 30 days would get an official review and response.
Sep 01, 2011
Recession fears recede as factories show growth
Manufacturing unexpectedly grew in August and fewer Americans filed new claims for jobless aid last week, despite a slump in confidence that threatened to push the economy back into recession.
Sep 01, 2011
August auto sales up despite economic turbulence
Major automakers posted double-digit U.S. sales gains for August from year-earlier levels, a steady result for a month that began with a plunge on Wall Street and ended with a hurricane shutting down the East Coast.
Sep 01, 2011
Google bought Motorola to guard Android: Sony Ericsson
Smartphone vendor Sony Ericsson said it saw Google's acquisition of rival Motorola Mobility as a move to protect Google's Android software from legal attacks by rivals.
Sep 01, 2011
Venus Williams' Autoimmune Disease: What's the Fate of the Tennis Legend?
U.S. Tennis star Venus Williams withdrew Wednesday from the U.S. Open after recently being diagnosed with an energy-draining autoimmune disease called Sjogren's syndrome.
Sep 01, 2011
Wall St flat as investors brace for payrolls data
U.S. stocks were little changed in a see-saw session that saw light volume on Thursday as investors paused after a four-day rally and ahead of Friday's key payrolls report.
Sep 01, 2011
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