IBT Staff Reporter

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Exclusive: Access, Sony, Universal weigh EMI bids

Len Blavatnik's Access Industries, Sony Music Entertainment and Vivendi SA's Universal Music Group are among the music companies and private equity firms interested in buying EMI Group Ltd , people familiar with the situation said.

Reminscing the Past, the Presidential Way

The ongoing healthcare reforms cannot be isolated from the controversy that has exposed President Barack Obama's desperation to tag along his mother, who was often portrayed as a victim of health care insurers.

Stock index futures signal gains; GE eyed

Stock index futures pointed to a higher open on Wall Street on Friday, with futures for the S&P 500 up 0.24 percent, Dow Jones futures up 0.37 percent and Nasdaq 100 futures up 0.23 percent at 0927 GMT.

Sony insurer sues to deny data breach coverage

One of Sony Corp's insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this year.

Greek deal lifts stocks, euro; debt talks eyed

World stocks hit a two-week high on Friday and the euro and oil prices rose after European leaders agreed on a package to rescue Greece that hopes to prevent the region's debt crisis from deepening.

BP investors turn up heat on CEO Dudley

BP boss Bob Dudley is under pressure to clear up confused strategy and revive the oil giant's share price when it reports second-quarter earnings next week that will lag well behind its peers.

POSCO meets forecast but warns of slow demand, high costs

POSCO <005490.KS>, the world's No.3 steelmaker, met market expectations with a 17 percent fall in quarterly operating profit on Friday, hurt by firm raw material costs and cheaper products from Japanese rivals after the March 11 earthquake.

Volvo Q2 in line, sees slower construction market

Volvo stuck to its forecast for 2011 truck market sales and cut its outlook for the market for construction equipment due to a softer China, when reporting second-quarter earnings that met expectations.

Greek deal lifts euro, stocks; outlook cloudy

Asian stocks rose and the euro climbed to a two-week high on Friday after European leaders agreed on a package to rescue debt-stricken Greece and gains will be sustained if U.S. policymakers also manage to cobble together a last minute deal.

U.S. indicts three Credit Suisse bankers

U.S. authorities indicted three Credit Suisse AG private bankers, one a senior executive, on Thursday, toughening their stance against the bank for allegedly helping wealthy Americans to evade taxes.

Japanese tech giants aim to bounce back from quake

Japan's major consumer electronics makers are expected to show April-June earnings collapsed due to the March earthquake, but focus is turning to whether they can meet their forecasts for a swift recovery, given a fragile global economy.

Judge criticizes Google and Oracle at hearing

Both Oracle Corp and Google Inc have taken unreasonable positions on the scale of damages involved in a high stakes patent battle over the Android operating system, a U.S. judge said in court.

U.S. cyber arrests seen leading to more hackers

The FBI's arrest this week of 16 people who allegedly participated in high-profile cyber attacks is providing a treasure trove of information and will lead to further arrests, a U.S. law enforcement official told Reuters on Thursday.

Microsoft Windows fizzles as PC fears loom

Sales of Microsoft Corp's flagship Windows software disappointed for the third straight quarter, taking the gloss off better-than-expected earnings that were aided by an unusually low tax rate.

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