IBT Staff Reporter

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BSkyB spends $1.6 billion to soothe investors

BSkyB will spend 1 billion pounds ($1.6 billion) to placate investors who lost out after News Corp bowed to public fury over a hacking scandal and dropped a bid to take full control of the satellite broadcaster.
Jul 29, 2011

Ricoh, Vidyo in new videoconferencing deal

Video technology start-up Vidyo unveiled on Friday a deal to supply its software to Ricoh's <7752.T> new small videoconferencing offering, which it expects to significantly disrupt the $3 billion equipment market.
Jul 29, 2011

EADS sees higher profit in 2012 as Airbus shines

European aerospace and defense group EADS forecast a significant improvement in operating profit next year after stable earnings this year as a pickup in demand leads to a surge in orders for Airbus planes.
Jul 29, 2011

Moody's places Spain on negative review

Rating agency Moody's Friday placed Spain on review for a possible downgrade, citing weak growth and funding pressures, hitting the euro on concerns a Greek rescue package has not laid contagion fears to rest.
Jul 29, 2011

Nokia slips from 1 to 3 in smartphone sales

Apple and Samsung Electronics ended struggling Nokia's 15-year reign at the top of the smartphone sales rankings in the second quarter, researchers said on Friday.
Jul 29, 2011

US Historian Stole Historical Documents Worth Millions of Dollars

The federal grand jury indicted esteemed Presidential historian, Barry Landau and his assistant, Jason Savedoff for stealing and selling historical documents which includes documents signed by Abraham Lincoln, speeches by Franklin D. Roosevelt and a letter from Benjamin Franklin.
Jul 29, 2011

Girl found suffocated was locked in box as punishment

Four adult relatives of an Arizona girl found suffocated in a storage bin have been arrested after investigators determined she was locked in the container as punishment for taking a popsicle without permission.
Jul 29, 2011

No sexy girls please, China tells online game fair

SHANGHAI (Reuters Life!) - Hemlines are a little longer at this year's annual online gaming fair in Shanghai, as companies take to heart a government directive against vulgarity, a Chinese newspaper reported on Friday.
Jul 29, 2011

Moody's says it may downgrade Spain

Moody's Investors Service on Friday put the Spanish government's bond ratings on review for a possible downgrade, citing funding pressures and a precedent set by the euro zone's debt package for Greece.
Jul 29, 2011

EADS results beat forecasts, keeps 2011 goal

European aerospace and defense group EADS posted forecast-beating second-quarter profits and sales on Friday, amid strong demand for its Airbus aircraft, and confirmed its 2011 earnings forecast. Earnings before interest and tax rose 15 percent to 371 million euros in the three months to June 30, EADS said in a statement. Sales rose 6 percent to 12.1 billion. Net cash stood at 11 billion euros.
Jul 29, 2011

Samsung Q2 profit sags as flat screen posts losses

Samsung Electronics Co, the world's top memory chipmaker, reported a 25 percent fall in quarterly profit as its flat screen business posted a second consecutive quarterly loss, overshadowing strong profit growth from handset sales.
Jul 28, 2011

Nintendo shares hit after 1st quarterly loss

Shares of Nintendo Co Ltd fell over 20 percent in early trade on Friday, a day after the videogame maker slashed its full-year profit forecast far below market expectations after reporting its first-ever quarterly operating loss.
Jul 28, 2011

Samsung Q2 profit falls, warns of tough outlook

Samsung Electronics Co, the world's top memory chip maker, reported a 25 percent drop in quarterly profit, hit by losses in its flat screen business, overshadowing strong profit growth from mobile phone sales.
Jul 28, 2011

Google+: 10 Ways to Battle Facebook for Business and Reverse Traffic Slump

Google+'s blistering pace of growth has resulted in 20 million users and already has garnered enough traffic to earn a rank as the 42nd most visited social network website. The success has prompted rival Facebook to respond and they did just that with the quiet release of 'Facebook for Business.'
Jul 28, 2011

Lee DeWyze Engaged to Jonna Walsh

America Idol winner Lee Wyze is engaged to actress Jonna Walsh. He proposed to his girl on July 16 on a private yacht over champagne during a fireworks show at Disney World.
Jul 28, 2011

Motorola product delays, tablet price to hurt Q3

Motorola Mobility warned that its third-quarter profit would miss expectations due to a long delay of a key smartphone launch and a tablet computer price cut, sending its shares down 4 percent.
Jul 28, 2011

Motorola product delay, tablet margins to hurt Q3

Motorola Mobility warned that its third-quarter profit would miss expectations due to the second delay of a smartphone launch and price cuts of its tablet computers, sending its shares down 4 percent.
Jul 28, 2011

Tiger Woods to Return to Golf

Tiger Woods announced Thursday night that he will return to competitive golf next week at the WGC-Bridgestone Invitational. The news was revealed via his Twitter and website. "Feeling fit and ready to tee it up at Firestone next week. Excited to get back out there!"
Jul 28, 2011

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