IBT Staff Reporter

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Microsoft seals record year, stock still stuck

Microsoft Corp is set to post a 9 percent jump in fiscal fourth-quarter profit on Thursday, putting the cap on its best financial year ever, but investors are fidgety over flagging computer sales and a gnawing feeling that the tech pioneer will never recapture old growth rates.

IBM's services signings surge, stock rises

IBM's signings of new business at its services division surged 16 percent in the second quarter, trouncing expectations and raising hopes that 2011 will be a good year for the technology sector.

Ex-trader admits threatening to kill regulators

A former commodities trader pleaded guilty on Monday to threatening to kill more than 40 financial regulators, including the heads of the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.

Mark Cuban loses a defense in SEC insider suit

Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, suffered a legal setback on Monday when a Dallas federal judge threw out one of his defenses in a Securities and Exchange Commission insider-trading lawsuit.

Borders to liquidate business

Borders Group Inc, the second-largest U.S. bookstore chain, said it has canceled an upcoming bankruptcy auction and will close its doors for good.

No consensus as Europe limps toward Greece summit

European governments and banks struggled to reconcile competing proposals for a second bailout of Greece on Monday, three days before leaders meet to prevent the crisis from spreading through the region.

Lockhart: Fed could keep rates low much longer

The Federal Reserve faces a high bar for further monetary stimulus in the absence of deflation risks, but could maintain rock-bottom borrowing costs for a long time, a top central bank official said on Monday.

Wall Street drops on global debt woes

Stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe.

Wall Street falls on global debt worry

Stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe.

EBay's marketplace turnaround gains momentum

EBay Inc has been trying to revive its main marketplace business for at least a year and quarterly results from the e-commerce company this week may show those efforts are paying off.

Price of Gold Soars on Monday

Gold rose to a record high Monday, topping $1,600 per ounce, while concerns over mounting debt in both the United States and Europe heighten.

Amazon Offers Students 80 Percent Off Textbooks for Kindle

Renting may be a cheaper option for college students and parents in a time of tight finances, with college tuition and expenses a burden for many families. Amazon.com launched Kindle textbook rentals, promising tens of thousands of textbooks at discounts of as much as 80 percent less than purchase price on Monday.

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