IBT Staff Reporter

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Capital One bulks up U.S. cards with HSBC deal

Capital One Financial Corp agreed to buy HSBC's U.S. credit card arm for $2.6 billion more than the face value of the loans, the latest in a string of acquisitions for the credit card company turned U.S. bank.

IntraLinks Q2 rev beats, sees Q3 profit below est

Web-based software provider IntraLinks Holdings Inc's second-quarter revenue topped market expectations as sales at its mergers and acquisitions unit jumped 29 percent, but it forecast a third-quarter profit below estimates.

SocGen shares plunge on rumor whirlwind

Shares in French bank Societe Generale plunged as much as 23 percent amid a whirlwind of rumors before closing 15 percent lower, after the bank denied all speculation about its financial solidity.

U.S. Updates Haiti Travel Warning

The U.S. issued a softer travel warning for citizens traveling to or visiting Haiti, but still urges Americans to 'carefully consider' traveling to the country.

White House seeks ideas to shrink foreclosure glut

The Obama administration is looking for new ideas to shrink a glut of foreclosed properties held by mortgage finance giants Fannie Mae and Freddie Mac that are weighing down the housing market and hurting home prices.

U.S. Stocks Fall, Enabled by Weak Economy

World shares regained some ground Wednesday after investors were comforted by the Fed's pledge to keep interest rates near zero for two more years. Despite this, losses on Wall Street ran rampant.

Amazon Unveils Kindle Cloud Reader, Joins Migration To HTML5 App

Amazon today launched an HTML5-based Kindle reading app to circumvent Apple's new in-app subscription rules.Kindle Cloud Reader allows users to read their Kindle e-books from Google's Chrome browser and Apple's Safari browser, without requiring any download or installation.

Apple blocks Samsung from selling Galaxy tablet in EU

Apple Inc scored a significant victory in its intellectual property battle against Samsung Electronics after a German court temporarily barred the Korean firm from selling its flagship Galaxy tablet in most of the European Union.

Facebook to close U.S. prison inmate accounts

Facebook has begun closing the accounts of California prison inmates after a convicted child molester viewed the pages of his victim from behind bars, authorities and the social networking site said.

HK exchange trading disrupted as hackers target website

The Hong Kong stock exchange was forced to suspend trading in stocks including HSBC Holdings after hackers broke into the exchange's website on Wednesday, preventing investors from accessing company announcements made during the midday break.

Hong Kong exchange trading disrupted as hackers target

The Hong Kong stock exchange was forced to suspend trading in stocks including HSBC Holdings after hackers broke into the exchange's website on Wednesday, preventing investors from accessing company announcements made during the midday break.

Endangered Gorilla Found in African Prison with Poachers [PHOTOS]

A baby mountain gorillas was saved from becoming bush meat on Sunday in Rwanda. Sunday night, a female baby mountain gorilla was found in an African jail, curled up on a bed alongside poachers who attempted to smuggle her from the Democratic Republic of Congo into Rwanda, according to the World Wildlife Fund.

China freezes new railway projects after high-speed train crash

China plans to suspend new railway project approvals and launch safety checks on existing equipment to address growing public concern following a deadly crash between two high-speed trains last month, Premier Wen Jiabao was quoted as saying by state media Wednesday.

Avnet sees weak Q1 as new orders slow

Technology distributor Avnet Inc reported fourth-quarter revenue below market estimates as concerns over slowing economic growth led customers to be cautious with new orders, and projected a weak first quarter.

Amazon's Kindle Cloud Reader Leaps Over Apple's In-App Rules

Wednesday morning, Amazon has launched Kindle Cloud Reader to circumvent Apple's new in-app subscription rules. Kindle Cloud Reader is an HTML5-based reading app, which allows users to read their Kindle e-books from Chrome and Safari, without requiring any download or installation.

Samsung's Celox 4G LTE Matches Droid Bionic Features to the Hilt

While Motorola was basking in the buzz that has been created around its upcoming Android device, the Droid Bionic, Samsung has thrown down the gauntlet in the 4G race, with rumors of a 4G LTE Samsung Galaxy look-alike Android phone called, the Celox, doing rounds in Korea.

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