IBT Staff Reporter

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Japan automakers' Q1 hit by quake

Quarterly earnings at Asian automakers will show Japanese automakers at their worst after the March 11 earthquake disrupted parts supplies, while South Korean rivals charged ahead with sales gains in major markets.

Chinese city orders closures of two fake Apple shops

Chinese officials in Kunming ordered two fake Apple shops to close, a local newspaper reported on Monday, an apparent reaction to a storm of media attention about an unauthorized and elaborate hoax store in the southwestern city.

?Cowboys & Aliens' World Premiere at San Diego (PHOTOS)

For the premiere of his new shoot-'em-up epic "Cowboys & Aliens", Jon Favreau presented a screening almost as big and bombastic as the movie itself, invading the San Diego Civic Theatre with a horde that included Daniel Craig, Harrison Ford, Olivia Wilde, Sam Rockwell, Steven Spielberg and Ron Howard.

Man Declared Dead for 25 Years Found in Las Vegas

A former Chicago commodities broker who disappeared almost 32 years ago and was declared dead in 1986 was found working as a sports book writer in an upscale Las Vegas neighborhood, a job he had held for a decade.

Analysis: Trichet loses face but leaves ECB a winner

On the face of it he buckled.Just two weeks after he insisted publicly we say no to selective default, European Central Bank President Jean-Claude Trichet agreed to a deal forged by the leaders of Germany and France that will result in exactly that.

No endgame in sight as debt default looms

A bitterly divided Congress set the United States on a collision course with financial markets on Monday as Democrats and Republicans pursued rival plans unlikely to generate the broad support needed to avert a catastrophic and unprecedented debt default.

Largest Reservoir of Water Discovered in Space

Astromomers found a reservoir of water in space that measures 140 trillion times the earth's ocean water. It is also the farthest reservoir of water ever discovered in the universe, according to two teams of researchers.

Analysis: Apple juggernaut to see more China gains

Apple is set to exponentially grow its China business as the country's No.1 and No.3 telecom operators jostle to stitch up deals to sell iPhones in the world's largest mobile phone market, home to more than 900 million subscribers.

'Captain America' Shoots Down 'Harry Potter'

Superhero movie "Captain America: The First Avenger" triumphed at the U.S. and Canadian box offices with $65.8 million in weekend ticket sales as the magic faded from the final "Harry Potter" film's record-breaking debut. The strong opening for "Captain America" topped expectations in its battle against the hugely successful "Harry Potter and the Deathly Hallows - Part 2," which saw its massive opening-weekend audience from last week shrink by 72 percent.

Lawmakers still divided as debt deadline looms

A sharply divided Congress pursued rival budget plans on Sunday that appeared unlikely to win broad support, pushing the United States closer to a debt default that would reverberate around the world.

GM clashed with Kremlin over Opel unit: report

General Motors canceled the sale of its Opel and Vauxhall brands two years ago because the proposed buyers were demanding the right to sell its factories to a Russian state-owned car maker, the Times said on Monday.

Amy Winehouse was Healthy Before Death?

Just hours before Amy Winehouse died at the tender age of 27, she had cleared a medical examination with her doctor. "The doctor was happy with her condition. When he left on Friday night he had no concerns", according to a source to The Sun.

Amy Winehouse May Have Been Dead for 6h, Autopsy in Progress

The young English pop star Amy Winehouse who died at the age of 27 may have been dead for up to 6 hours before she was found on her bed on Saturday afternoon by a security guard. The security guard was the one who had been hired to look after her.

U.S. Leaders Push Dueling Debt Ceiling Plans

President Barack Obama and Congressional leaders have missed a self-imposed Sunday deadline reach a deal to raise the U.S. federal debt limit, bringing the default deadline for U.S. obligations even closer.

Boehner weighs balanced-budget amendment

House of Representatives Speaker John Boehner told fellow Republicans on Sunday that he is considering a balanced-budget amendment to the Constitution as part of a bill that would raise the debt ceiling, a source who heard his message said.

Companies churn out profits but not jobs

The sluggish pace of hiring may be hobbling the U.S. economy, but it's not been holding back big U.S. companies' profits thanks to growth overseas and cost controls at home. And that's bad news for the more than 14 million Americans without jobs.

Analysts view: A Sunday debt deal looks less likely

House of Representatives Speaker John Boehner on Sunday told his fellow Republicans that there is a path to cut U.S. spending and raise the debt ceiling, but it will require his party to accept sacrifices, according to two sources who heard his message.

"Captain America" shoots down "Harry Potter"

Superhero movie "Captain America: The First Avenger" triumphed at the U.S. and Canadian box offices with $65.8 million in weekend ticket sales as the magic faded from the final "Harry Potter" film's record-breaking debut.

Norway mourns victims of anti-Islam "Crusader"

Norway mourned on Sunday 93 people killed in a shooting spree and car bombing by a Norwegian who saw his attacks as "atrocious, but necessary" to defeat liberal immigration policies and the spread of Islam.

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