More From IBT Staff Reporter
HP plans PC spinoff, eyes Autonomy, halts webOS
Hewlett-Packard Co is in talks to buy British software company Autonomy and is pondering options for its personal computing division including a spinoff, as the tech giant steps up an overhaul aimed at rekindling growth.
Aug 18, 2011
Verizon Strike 2011: Unions Bring Their Demands to Homes of Verizon Execs
While no deal has been reached yet, Verizon workers left the sidewalks of the telecom company's headquarters and took their strike to the homes of Verizon's top executives, Chairman Ivan Seidenberg and Chief Executive Officer Lowell McAdam, this week.
Aug 18, 2011
GameStop's profit beats Street, shares recover
GameStop Corp said its growth this year will be driven by a strong holiday lineup and customers buying used games to save money, which sent its shares higher after an initial drop on Thursday.
Aug 18, 2011
Murdoch did not cover up Goodman details: law firm
News Corp executive James Murdoch did not try to cover up the truth by blacking out sections of an incriminating letter written by disgraced News of the World royal reporter Clive Goodman, lawyers acting for the company said on Thursday.
Aug 18, 2011
Bloomberg Defeats Moms: NY Judge Dismissed Discrimination Suit
It was a sweet court victory for New York Mayor Michael Bloomberg when a federal judge dismissed claims against his namesake company Bloomberg LP for discriminating against pregnant women and new mothers.
Aug 18, 2011
Mosquitoes' Resistance to Insecticide Prompt Worries about Malaria Relapse
Mosquitoes quickly develop resistance to insecticide-treated nets, raising alarm that the method of malaria prevention is not effective, a study from Senegal found. Researchers who studied malaria infections there found that Anopheles gambiae mosquitoes, the species responsible for malaria in Africa, are growing resistant to a common type of insecticide.
Aug 18, 2011
Tech Data Q2 beats, sees steady demand
Tech Data Corp reported a quarterly profit that handily beat expectations on stronger foreign currencies and a 30 percent growth at its European business, and forecast a mid-single digit sales growth for the third quarter.
Aug 18, 2011
U.S. regional factory plunges to 2-1/2 year low
Factory activity in the U.S. Mid-Atlantic region plunged to a nearly 2-1/2 year low in August and home resales unexpectedly dropped last month, stoking concerns that risks of recession are growing.
Aug 18, 2011
Bond yields plunge as economy fears mount
Treasury prices soared on Thursday and benchmark 10-year note yields fell below 2 percent for the first time as global economic fears sent investors scrambling for safe-haven government debt.
Aug 18, 2011
BREAKING: Hewlett-Packard To Discontinue Touchpad, WebOS Devices
Less than two months after its release, HP is dropping the TouchPad and other WebOS devices.
Aug 18, 2011
Market Crash: Are the Days of 'Star Traders' Over?
Barclays fired one of its star commodities traders yesterday, marking what could be the end of an era.
Aug 18, 2011
Ceglia ordered to give files, emails to Facebook
Facebook Inc has won access to computers, files and emails it hopes will prove an upstate New York man's claim to own half of founder Mark Zuckerberg's stake in the world's largest social networking company is a fraud.
Aug 18, 2011
Forest Labs fends off Icahn at annual meeting
Forest Laboratories Inc won its showdown with activist investor Carl Icahn on Thursday, saying shareholders backed the company's slate of 10 board members over nominees proposed by the billionaire.
Aug 18, 2011
Regional factory activity hits 2-1/2 yr low
Factory activity in the Mid-Atlantic region slumped to a nearly 2-1/2 year low in August and home resales unexpectedly dropped last month, dampening hopes for a quick revival in economic growth.
Aug 18, 2011
Analysis: Brazil's economy goes from great to good
Brazil's long boom appears to be over.After several dynamic years that saw it earn a reputation among some Western investors as the near China, Brazil now looks to be downshifting into a pattern of economic growth of around 3 percent to 4 percent for the foreseeable future.
Aug 18, 2011
Fed treating U.S., foreign banks the same: Dudley
One of the U.S. central bank's most influential policymakers said on Thursday the bank is always scrutinizing banks and that it treats U.S. and European banks exactly the same.
Aug 18, 2011
Climate Change Causes Species to Shift Habitats: Study
The Earth's rapid warming has shifted the climate in many areas, prompting species to shift with it, a variety of studies suggested. Most of these studies looked at a limited number of species or narrow geographic region, which means that there isn't a clear global picture yet.
Aug 18, 2011
U.S. bond yields plunge as investors flood debt
U.S. Treasury prices soared on Thursday and benchmark 10-year note yields fell below 2 percent for the first time as global economic fears sent investors scrambling to safe haven government debt.
Aug 18, 2011
Analysis: Emerging powerhouses can't save the world
Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a beguiling myth.
Aug 18, 2011
Hazy Photo May Show iPhone 5 Release Date is Impending
A new photo has emerged that may be proof the iPhone 5 is close to its release date.
Aug 18, 2011
Emerging powerhouses can't save the world
Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a beguiling myth.
Aug 18, 2011
News Corp executives mull chance James Murdoch may leave
News Corp's senior management is starting to think about what the company might do if James Murdoch stepped aside, sources inside and close to the global media empire said.
Aug 18, 2011
Kerkorian sheds 20 million MGM shares; stock tumbles
Billionaire investor Kirk Kerkorian's Tracinda Corp disclosed in a filing that it sold 20 million shares in gambling and resort operator MGM Resorts International on Wednesday, leaving it with a 22.8 percent interest.
Aug 18, 2011
Wiccan Holidays Added to Vanderbilt Calendar
Vanderbilt University now recognizes Wiccan holy days as part of its list of school-sanctioned observances.
Aug 18, 2011
Philly Fed factory activity index worst in 2-1/2 years
A gauge of factory activity in the U.S. Mid-Atlantic region plummeted in August, falling to the lowest level since March 2009 and casting more doubts on the strength of the economic recovery, a survey showed on Thursday.
Aug 18, 2011
Kodak shares rise 17 percent on interest in patents
Shares of Eastman Kodak Co jumped for the second trading session in a row as investors bet that Kodak would cash in on the hot demand for tech patents.
Aug 18, 2011
Analysis: When Google+ gives Facebook a run for its money
Facebook finally has a serious competitor. At least, that's what social-media investor Sergio Monsalve thinks.
Aug 18, 2011
NetApp nosedives on tech spending worries
Shares of NetApp Inc fell 20 percent on Thursday, a day after the data storage equipment maker's weak revenue outlook further confirmed anemic tech spending by the U.S. government and large companies.
Aug 18, 2011
J. Cole's NYC Debut Kicks Off World Tour, Jay-Z Doesn't Owe Me a Verse
J. Cole's first album, Cole World: The Sideline Story, is due Sept. 27 as the Jay-Z protégé rapper kicks off his world tour ahead of the release, starting Aug.21 in New York City.
Aug 18, 2011
Burt Reynolds May Lose Home in Fla. Court
Actor Burt Reynolds may lose his home in foreclosure.
Aug 18, 2011
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