IBT Staff Reporter

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Deven Sharma to step down as S&P president

Deven Sharma will step down as president of ratings agency Standard & Poor's to work on the company's strategic portfolio review before leaving the company at the end of the year.

What's Next for Former HP TouchPad and WebOS Owners?

Hewlet-Packard, commonly known as HP, announced Thursday that it would stop selling its recently launched TouchPad tablet as well as all WebOS-based smartphones, such as the Palm Pre 2, HP Veer, and the upcoming Palm Pre 3.

S&P president Sharma stepping down: report

The president of Standard & Poor's, Deven Sharma, is stepping down, just a few weeks after the ratings firm issued a controversial downgrade of U.S. government debt, the Financial Times reported.

Foster's year profit slides as SABMiller hovers

Foster's Group posted an 8.7 percent fall in underlying full-year profit, a rare decline reflecting a depressed beer market, weakening the brewer's bargaining position as it fends off a hostile $10 billion takeover offer from SABMiller .

Redemption clock for eHarmony is ticking

Two of eHarmony Inc's main backers stand to gain extra leverage over the online-dating company in early November when redemption rights from its last financing round kick in -- an unusual development in the venture capital business.

Judge Allows Intervention in BofA $8.5 Billion Pact

A New York state judge granted the request of dozens of investors including pension funds, insurers and several Federal Home Loan Banks to intervene in Bank of America Corp's proposed $8.5 billion settlement with investors who lost money on mortgage-backed securities.

Goldman CEO hires prominent defense lawyer

Goldman Sachs Chief Executive Lloyd Blankfein has hired high-profile Washington defense attorney Reid Weingarten, according to a government source, as the Justice Department continues to investigate the bank.

Cooking is 1.9 Million Years Old: Study

New evidence suggests that our ancestors have been cooking and processing food as far back as 1.9 million years ago. This could explain why humans have small teeth, as we don't need to spend our time chewing as much as animals.

Solar Power Coming to 90+ California Schools

More than ninety schools in California are taking advantage of the California Solar Initiative and installing solar projects. The California Solar Initiative is an incentive program to get companies, schools, and homes to switch to solar power. The program gives cash back for installing solar power, California hopes to move the state towards running completely on clean energy, from using a coffee maker in the morning, to opening your garage door, California wants its residents to operate on sola...

Romney says new Fed stimulus would risk inflation

Republican presidential front-runner Mitt Romney on Monday said the Federal Reserve should not go ahead with another round of monetary stimulus to boost the U.S. economy, because it would risk kicking up inflation.

9/11 documentary S.O.S. struggles to find home

S.O.S./State of Security -- a devastating documentary about 9/11 and its aftermath -- is having a tough time getting distribution on home soil as the 10th anniversary of the terrorist attack approaches.

Casey Anthony Must Serve Probation in Orange County: Florida AG

Florida's attorney general said Monday that a motion by Casey Anthony's defense attorneys that said she should not have to serve probation on check fraud charges are absurd. The attorney general said that a clerical error is not a good enough reason for her to not serve probation.

Analysis: Hurricane could boost insurance pricing

Hurricane Irene, threatening to become the first hurricane to hit the United States in three years, could be the catalyst the insurance industry has been seeking in its quest for across-the-board premium increases after years of weakness.

Revised O Brother soundtrack has bonus disc

If the O Brother, Where Art Thou? soundtrack had merely gone platinum, it would have been the unlikeliest million-seller of all time. But, having actually sold a staggering 8 million copies, the salute to vintage hillbilly music represented something more like a tear in the space-time continuum -- an inexplicable trip to an alternate America where, for a few wonderful minutes, the Stanley Brothers were even bigger than the Backstreet Boys.

Oldest Fossils on Earth Suggestive of Life on Mars

A microbial bacteria fossil discovered by Australian resesarchers may be proof of life on Earth before oxygen 3.4 billion years ago. The Strelley Pool Formation in Western Australia houses stromatolites which have been preserved there.

Goldman CEO hires high-profile defense attorney

Goldman Sachs Chief Executive Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney whose past clients include a former Enron accounting officer, according to a government source familiar with the matter.

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