IBT Staff Reporter

59941-59970 (out of 154942)

Costly tobacco boosts wholesale prices

U.S. wholesale prices outside of food and fuel rose at the fastest pace in six months in July as costs for tobacco and light trucks jumped, but weak domestic demand was seen keeping inflation pressures in check.

NYC comptroller: delay Verizon contract vote

A New York City education panel should delay voting on a $120 million contract for Verizon Communications Inc until the telecommunications company settles a strike by 45,000 of its workers in a Northeast unit, the city comptroller said on Wednesday.

New evidence points to cover-up at Murdoch tabloid

New evidence of hacking at Rupert Murdoch's News of the World points to a four-year cover-up by the company, and intensifies focus on Prime Minister David Cameron's judgment in hiring an ex-editor who may now face criminal prosecution.

Wall Street reverses early gains as tech drags

Stocks slipped on Wednesday, reversing gains of more than 1 percent, as weak results from Dell dragged down the largest U.S. personal computer makers and offset recent upbeat earnings and outlooks from retailers, including Target Corp .

Obama to Unveil Economic Plan in September Speech

The White House on Wednesday said President Barack Obama would unveil fresh ideas to jump-start the economy and cut deficits, but details offered so far appeared to be a compilation of old proposals.

Abercrombie & Fitch Tells 'The Situation' to Stop Wearing its Clothes, Stock Price Drops

Clothing retailer Abercrombie & Fitch saw its stock price drop nearly 10 percent Wednesday after it asked Michael Sorrentino, "The Situation," of "The Jersey Shore" not to wear its clothes. This was the first trading session after the company publicly offended the young man by offering him and his co-stars "substantial payment" to stop wearing Abercrombie & Fitch clothes.

Rise of China state-owned firms rattles U.S. companies

When the leaders of the world's two biggest economies meet in Hawaii three months from now, U.S. President Barack Obama will still be able to brag to Chinese President Hu Jintao that the United States has more big companies than any other nation on the planet.

Zynga sued for patent infringement

A games company is accusing Zynga of infringing its patents and asking that it shut down its most popular games for the Facebook social network, including FarmVille and Mafia Wars.

Gerard Butler, Laura Prepon, Danny Masterson Sued Over Shin BBQ

Two former employees of the celebrity-owned Shin BBQ are suing the Hollywood restaurant, which is backed by several stars of the big and small screen. They are accusing the restaurant of failing to pay overtime, failing to pay for rest periods, failing to pay for meal periods and failing to pay minimum wage, as well as for unfair competition and violating the fair labor standards act.

L.A. gasoline jumps 9 cents on EIA draw - trade

Wholesale gasoline differentials jumped 9 cents on Wednesday after the U.S. Energy Information Administration reported a 1.78-million-barrel draw last week on West Coast gasoline stocks, traders said.

Giant South American Rodent Spotted in California

A giant South American rodent weighing at least 100 pounds (45 kgs) was spotted at a waste-water treatment facility in California recently before disappearing in the brush, according to a wildlife official.

Research Shows ?Facebook Fatigue?

New research from Global Web Index shows sharp declines among Facebook users in some of the world's biggest markets including the United States, Canada and the United Kingdom.

Britain's tough justice alarm campaigners

Tough prison sentences such as four years for trying to organize a riot via Facebook have triggered alarm in Britain that the government's crackdown over last week's unrest may be too harsh.

Pages