IBT Staff Reporter

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Isis hooks up with four credit networks

Isis, a venture of three of the top four U.S. mobile providers, plans to launch mobile payments services with the major payments networks Visa, MasterCard, Discover and American Express.

Borders demise seen a small help to Barnes & Noble

Bookstore chain Barnes & Noble Inc will eventually feel a modest boost from the liquidation of its largest rival, Borders Group Inc, but still faces stiff competition and an industrywide decline in book sales, Wall Street analysts said.

State Street to offer app for mobile devices

State Street Corp , one of the world's largest recordkeepers for institutional investors, is promising pension and hedge fund managers real-time access to portfolio information on their mobile devices.

Frustrated judge pushes Google digital book deal

A Manhattan federal judge set a September 15 deadline for Google Inc, authors and publishers to come up with a legal plan to create the world's largest digital library, expressing frustration that the six-year-old dispute has not been resolved.

Instant view: Housing starts hit 6-month high, permits up

U.S. housing starts rose more than expected in June to touch a six-month high and permits for future construction unexpectedly increased, a government report showed on Tuesday, likely reflecting growing demand for rental apartments.

Nowotny wavers on ECB's Greece line, then complies

Austria's central bank chief said a Greek rescue deal could involve a short-term default without disastrous consequences but, in a rapid about-turn, later insisted on Tuesday that he shared the ECB view on Greece.

Mercedes' tiny Smart takes on big boys in China

Dong Han is an ideal customer for Mercedes Benz's booming car sales in China. A 27-year-old advertising agent with a double-income household and no children, she's upwardly mobile and highly conscious of style.

Goldman's profit engine stalls; shares fall

Goldman Sachs Group Inc rattled investors with earnings that fell far short of expectations because of sharp declines in bond trading revenue, long a key source of profits for the investment bank.

Verizon to dominate Q2 wireless growth

Verizon Wireless is expected to far outstrip its biggest rivals AT&T Inc and Sprint Nextel in subscriber growth for its first full quarter selling the Apple Inc iPhone.

Emma Watson's Life After 'Harry' Begins Now ... at Oxford

Emma Watson was attending Brown University but is now to be taking a leave to begin at Worcester College at Oxford.The clear up the rumors, Watson confirmed at a press conference: I haven't left Brown. I'm still enrolled at Brown. But I'm doing my third year abroad. She will be studying English in her home country.Other then her studies, Watson has quite a lot in store for her in the limelight.

Housing starts hit 6-month high, permits up

Housing starts rose more than expected in June to touch a six-month high and permits for future construction unexpectedly increased, a government report showed on Tuesday, likely reflecting growing demand for rental apartments.

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