IBT Staff Reporter

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America Braces for a Stink Bug Invasion

Stink bugs did not get their names for no reason - they emit an unbearable smell similar to that of rotting garbage when squashed. And now these stink bugs, which caused $37 million worth of damage last year, are returning with a mission to invade, after waking up from hibernation.

Wall Street plunges after S&P downgrade

Stocks plunged on Monday, with the S&P down more than 6 percent for its largest drop in nearly three years on rising fears of a recession exacerbated by the United States' loss of its triple-A credit rating.

Investors dump stocks after U.S. downgrade

U.S. stocks plunged on Monday and investors fled to the safety of gold and bonds after the downgrade of the U.S. credit rating by Standard & Poor's stoked fears the United States is slipping into recession.

Apple Sued Over Mac OS X Fast Booting Tech, Plaintiff Remains Obscure

The latest in a series of patent lawsuit against Apple has to do with the speed booting method of Mac OS X.Two weeks ago, Operating Systems Solutions, a company whose identity remains unknown, has filed a patent infringement lawsuit against the tech giant for Mac OS X startup process.

S&P: Berkshire outlook to negative amid broad move

Standard & Poor's cut its ratings outlook on Warren Buffett's conglomerate Berkshire Hathaway to negative from stable on Monday, part of a broad action on 10 insurers linked to last Friday's downgrade of the United States credit rating.

Markets look to Fed after ECB buys bonds

Investors are looking to a meeting of the Federal Reserve on Tuesday for signs of further support for reeling financial markets and the economy after the European Central Bank stepped in to buy Italian and Spanish government bonds in the latest attempt to deal with the euro zone debt crisis.

Danger in Your Children?s Lunches? Stay Cool

Experts in food science at the University of Texas in Austin conducted tests of food temperature in more than 700 packed lunches of children ages three to five who attended day care. In 98 percent of the lunches, the food was not at the desired temperature for safe eating. These results appear in the current issue of the journal of Pediatrics.

U.S. airlines trim fares after FAA shutdown

U.S. airlines have begun rolling back fare increases initiated last month when a partial shutdown of the Federal Aviation Administration halted the collection of certain ticket taxes and allowed carriers to raise base fares without increasing prices paid for tickets.

AIG sues BofA for $10 billion alleging massive fraud

Bank of America Corp was sued by American International Group Inc for more than $10 billion over an alleged massive fraud on mortgage debt, causing the bank's shares to tumble 22.8 percent amid worries it cannot manage a deepening litigation morass.

Stocks drop further, S&P falls 6 percent

Stocks extended losses in heavy volume on Monday, with the S&P 500 down more than 6 percent, in the first session since Standard & Poor's cut the United States' top-tier AAA credit rating.

Japan's Tsunami Caused Huge Iceberg to Break Off of Antarctica

Scientists have long suspected icebergs to have a link with earthquakes. Just 18 hours after the tsunami, a foot-high wave struck the ice shelf in Antarctica and broke off giant pieces. The Sulzberger ice shelf is a sheet of ice 260 feet thick, and extends towards New Zealand.

FBI's New iPhone App Helps Find Missing Children

While news of missing children seems to be unceasing and often end in the worst tragedy, the FBI rolled out its first mobile application this past weekend, aiming to be the aid of parents before and when children go missing.

Stocks Drop, but Bonds Soar

The stock market today show sharp drops, following a downgrade by S&P from a stellar AAA to AA+, including all sectors in the S&P 500. On the other hand, investors are rushing into buying bonds rather than stock.

Analysis: France, Britain AAA-ratings under scrutiny

France and Britain are most vulnerable within Europe to a rating review following the U.S. downgrade, with anemic growth and hefty borrowing placing them among the shakiest of the world's triple-A rated lenders.

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