IBT Staff Reporter

61801-61830 (out of 154953)

Cavium forecasts Q3 sales below Wall Street, shares

Chipmaker Cavium Inc posted a quarterly profit above market estimates, helped by strong growth in its broadband and consumer business, but forecast weaker-than-expected third-quarter revenue, sending its shares down 10 percent after hours.

Samsung's Battle with Apple is Part of Bigger Culture Problem

According to a Bloomberg report, Samsung will be delaying the release of the new Galaxy Tab 10.1 tablet in Australia under an agreement with Apple, until the patent lawsuit between the two companies is resolved. This is an interesting move by Samsung, and almost seems to suggest that the lawsuit isn't going well for Samsung. However, if federal judges in multiple countries come to the same conclusion that Samsung "slavishly" imitated the design and technology used for the iPad and iPho...

Obama: Taxes Will Go Up

The Senate finally voted 74-26 to raise the debt ceiling to over 2 trillion dollars this afternoon and slash federal spending by a similar amount. As soon as President Obama officially signed the bill in the White House to allow the nation to continue borrowing money while increasing citizen taxes, he told America "Everyone is going to have to chip in. It's only fair."

Financial Crisis: U.S. Debt Ceiling in Pictures

The debt ceiling bill passed the House by a vote of 269-161 and the Senate with bipartisan support by a vote of 74-26. The legislation was quickly signed into law by President Obama Tuesday, averting a U.S. default and government shutdown.

Moody's confirms U.S. rating at Aaa, outlook negative

Moody's Investors Service on Tuesday confirmed its Aaa rating of the United States, citing the decision to raise the debt limit, but assigned a negative outlook that could pressure lawmakers to cut the U.S. deficit.

?The Hills? Heidi Montag and Spencer Pratt Admit Mistakes

Heidi Montag and husband Spencer Pratt have fallen from their stardom on "The Hills" and say they wish they could take back much that made them famous. The couple, known also together as "Speidi", attracted attention from the MTV scripted reality show "The Hills." Both found that their lives were turning in stressful directions based on publicity stunts that kept them in the public's eye.

Fitch keeps US AAA rating, review ongoing

Fitch upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts to avoid a U.S. default, but it warned the world's largest economy must cut its debt burden to avoid a future downgrade.

Salmonella in Ground Turkey? Take Precaution

A new salmonella scare is ravaging the nation as news spreads of one death and 77 illnesses that have been reported since March. The CDC is suspecting that the specific strain, Salmonella Heidelberg, is tied to ground turkey.

Automakers warn of fragile demand

U.S. auto sales ticked higher in July, but the industry's top salesmen cautioned the prospect for a second-half recovery remained clouded with consumers hurting in a weak economy.

Shadowy shell companies targeted by Senate bill

State governments would have to identify persons forming corporations under legislation that was reintroduced on Tuesday in the Senate, taking aim at shadowy shell companies and anonymous corporate owners.

Auto sales tick up but consumer doubts persist

Major automakers posted July U.S. sales that ticked higher from the slump of recent months, but failed to dispel doubts about the strength of the economy and the mood of American consumers.

Belly Buttons Harbor Numerous Organisms

A new research is saying that an innie belly button is home to at least 60 to 100 species of organisms. Among the findings besides bacteria were "fungi" and "interesting yeasts".

Salmonella-Filled Turkey Kills 1, Sickens 77 Nationwide

A multi-state outbreak of Salmonella poisoning linked to ground turkey has spread across the nation, killing one person while more than 75 have been sickened, according to the U.S. Centers for Disease Control and Prevention, CDC, along with the U.S. Department of Agriculture?s Food Safety and Inspection Service who are investigating the outbreak.

JPMorgan, UBS urge Madoff trustee claims be tossed

JPMorgan Chase & Co and UBS AG , emboldened by a favorable court ruling, urged a federal judge to throw out many claims by the bankruptcy trustee seeking billions of dollars for victims of Bernard Madoff's Ponzi scheme.

Fitch keeps U.S. AAA rating, review ongoing

Fitch upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts to avoid a U.S. default, but it warned the world's largest economy must cut its debt burden to avoid a future downgrade.

Pages