More From IBT Staff Reporter
Deadlock, durables, dismal earnings hit Wall Street
Wall Street suffered its worst day in eight weeks on Wednesday, hit by weak earnings, lackluster economic data and no movement in Washington talks as the deadline for a U.S. default looms.
Jul 27, 2011
9/11 First Responders' Cancer Treatments Will Not be Covered: U.S. Government
The U.S. Government said that there is no proof that exposure to dust and rubble from the September 11 attacks caused cancer. Needless to say, the review fueled rage in many firefighters, police, and first responders said that the claim is bizarre and unsubstantiated and that they have seen too many people die from cancer to buy it.
Jul 27, 2011
Gaming Consoles a Huge Part of the Netflix Experience
Research from Nielsen indicates more Netflix users are connecting to the service via gaming consoles.
Jul 27, 2011
Visa profit up on rising payment volume
Visa Inc said on Wednesday quarterly profit rose by 40 percent, on a higher volume of global payments and a gain from revaluing its Visa Europe put option.
Jul 27, 2011
Exclusive: Facing criticism, MERS cuts role in foreclosures
MERS, the electronic mortgage registry that faces multiple investigations for its role in thousands of problematic foreclosure cases, changed its rules to lower its profile in court-supervised foreclosures.
Jul 27, 2011
Internet Addiction: Study Says Internet is Like Cigarettes
New study says people are addicted to the Internet.
Jul 27, 2011
Fannie/Freddie regulator sues UBS on $900 million loss
The regulator for Fannie Mae and Freddie Mac sued UBS AG to recover more than $900 million of losses after the Swiss bank misled the housing agencies into buying $4.5 billion of risky mortgage debt.
Jul 27, 2011
Power companies see mixed economic picture
Three top U.S. power companies posted higher-than-expected quarterly earnings on Wednesday, but drew a mixed picture of the nation's economic outlook and demand for electricity
Jul 27, 2011
Nasdaq spends to fend off constant hack attacks
The operator of the Nasdaq Stock Market is under constant attack from would-be hackers and will spend more on security as a result, its top executive said.
Jul 27, 2011
Analysis: Why Mozilla?s Mobile OS Can Succeed
ANALYSIS There's no reason to doubt Mozilla. After all, the company is used to being an underdog.
Jul 27, 2011
Mac OS X Lion: Long Gone the Days of a Virus-free Environment?
A week after its debut, Mac OS X Lion operating system is already piling up a list of reported vulnerabilities. Days of a virus-free Mac are gone, PCMag.com reported.
Jul 27, 2011
Exclusive: In face of criticism, mortgage registry exits
MERS, the electronic mortgage registry that faces multiple investigations for its role in thousands of problematic foreclosure cases, changed its rules to lower its profile in court-supervised foreclosures.
Jul 27, 2011
Dunkin' Donuts Goes Public, Offers Free Lunch in 2 States Friday
Dunkin' Donuts IPO launches and the company is giving away a free lunch on Friday July 29.
Jul 27, 2011
McDonald's Happy Meal Gets Healthier, First Lady Praises
McDonald's has decided to make its popular Happy Meals healthier by adding fruit or vegetables to the meal and decreasing the portion of French Fries, the company announced on Tuesday.
Jul 27, 2011
Patients Who Want Nose Jobs May Suffer from Mental Illness: Study
A study suggests that some people who complain about the size or shape of their noses have signs of mental illness.
Jul 27, 2011
Trichet: Bet on Greece default and you'll lose
Speculating on Greece defaulting is a sure way to lose money, European Central Bank President Jean-Claude Trichet was quoted as saying in remarks released on Wednesday.
Jul 27, 2011
S&P Cuts Greece's Rating Deeper Into 'Junk' Terrority
Standard & Poor's on Wednesday cut Greece's sovereign credit rating further into junk territory, lowering it to CC from CCC, saying the European Union's proposed debt restructuring would put the country into "selective default."
Jul 27, 2011
Juniper tumbles as it catches Cisco flu
Investors punished Juniper Networks by selling its shares after the networking equipment maker joined Cisco Systems Inc in warning that this year's results will miss Wall Street projections.
Jul 27, 2011
Wall Street falls on tech shares, debt impasse
Wall Street stocks fell on Wednesday as investors dumped technology shares after their recent strong performance and as faltering debt talks kept the market on edge.
Jul 27, 2011
Demand for factory goods slips
Demand for long-lasting U.S. manufactured goods fell in June and economic activity across much of the nation slowed through mid-July, casting doubt over how quickly the economy might escape its soft patch.
Jul 27, 2011
'Real Housewives of Beverly Hills Season 2': A Daytime Soap Opera? [WATCH TRAILER]
'The Real Housewives of Beverly Hills: Season 2' is coming in the 90210 zip code.
Jul 27, 2011
Approval for Abortion Rights Surges: Study
A new poll found that support for abortion right is on the rise. The Harris Interactive/HealthDay poll showed that 36 percent of adults feel that women should have the right to choose in "all circumstances." This 13 percent increase reflects a significant increase in approval.
Jul 27, 2011
Destination Norway: Oslo, Bergen and Beyond
Lately, Norway's been in the news for all the wrong reasons. Here's a look beyond the massacre at the beautiful sites of this Nordic kingdom.
Jul 27, 2011
With Layton sick, NDP vows to fight on
The main opposition party in Canada, stunned by its leader's serious illness, vowed on Wednesday to fight on and dismissed speculation that it could start to break up.
Jul 27, 2011
Madonna Turns Director For 'W.E.' and Lourdes Looks Like a Young Madonna
Madonna is taking on a new project in "W.E.", the singer's directorial debut. Madonna is not acting in the film, but will rather co-write the screenplay and direct the film.
Jul 27, 2011
Jeret Peterson Ends Life at 29 by Shooting Himself
American freestyle skier, Jeret ?Speedy? Peterson was found dead outside his car in Lambs Canyon, Utah. He was only 29.
Jul 27, 2011
Orange and Google tie up on Africa mobile chat
France Telecom's Orange mobile unit is teaming up with Google to offer SMS-based chat in Africa, Orange said in a statement on Wednesday, targeting the fast growth of wireless services on a continent where computers remain scarce.
Jul 27, 2011
Chelsea 4-0 Kitchee - Match Highlights (VIDEO)
Chelsea will face Aston Villa in the final of the pre-season Barclays Asia Cup after breezing through against Hong Kong side Kitchee at the Hong Kong Stadium.
Jul 27, 2011
S&P cuts Greece rating to CC, outlook negative
Standard & Poor's on Wednesday cut Greece's sovereign credit rating further into junk territory, lowering it to CC from CCC, saying the European Union's proposed debt restructuring would put the country into selective default.
Jul 27, 2011
Fears of second-half slowdown spook corporate America
Corporate America's hopes for a second-half pickup in the U.S. economy dimmed on Wednesday, as companies from Emerson Electric Co to Corning Inc warned of weakening demand for everything from industrial equipment to televisions.
Jul 27, 2011
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