IBT Staff Reporter

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Massive Measles Outbreak in Ethiopia and Kenya: UN

The United Nations has reported that measles outbreaks in Ethiopia and Kenya have killed dozens of children and sickened thousands of others. Measles are spread through contact with droplets from the nose, mouth, or throat of an infected person and symptoms include bloodshot eyes, cough, fever, light sensitivity, muscle pain, and rash.

Oppenheimer sued for $1.8 billion in improper loans

A group of lenders sued OppenheimerFunds Inc, an investment subsidiary and an advisory company, accusing it of wrongfully procuring $1.8 billion in loans from March 2006 to September 2007 to buy investments that were too risky to meet lending agreements.

ECB's Bini Smaghi favours EFSF debt buybacks

Allowing the EFSF bailout mechanism to buy back bonds from the secondary market would help deal with Europe's debt crisis, European Central Bank Executive Board member Lorenzo Bini Smaghi told a Greek newspaper.

Obama eyes more deficit talks

President Barack Obama will decide on Saturday whether to summon lawmakers for a new round of debt and deficit talks, weighing the chances of progress as both sides stick to their positions on spending and taxes.

Greek PM says time for Europe to wake up: report

Greece's Prime Minister George Papandreou ruled out bankruptcy for his debt-choked country and said it was time for Europe to wake up and take brave decisions, according to a newspaper interview to be published on Sunday.

Greece could cut debt through a buyback: report

Greece could cut its public debt by 20 billion euros ($28.3 billion) if it bought back sovereign bonds at market prices as part of a rescue deal, German weekly magazine der Spiegel reported, citing finance ministry sources.

Google Android + Sony Tablet and Ericsson Could Crush Apple iOS

The rivalry between Google and Apple continues to heat up as the two tech giants reported progressive development for Android and Apple App Store. Apple holds the lead with over 15 billion downloads while Android grew rapidly with over 4.5 billion. The increased number of Android smartphone and tablets flowing into the stores will attempt to even the playing field with Apple's iOS devices.

Casey Anthony Release on Sunday: No Family Home to Go

Casey Anthony's father George Anthony made it clear that his daughter Casey will not be welcome home upon her release, reports Fox News.Mr. Anthony has also joined a campaign for a law that would have made his daughter guilty for failing to report Caylee's disappearance or death.

Murdoch apologizes for hacking scandal

We are sorry, Rupert Murdoch said in British newspapers on Saturday, as News Corp tried to quell the uproar over a phone-hacking scandal that has shaken the company and claimed its top two newspaper executives.

We're sorry for hacking scandal: Murdoch

We are sorry, Rupert Murdoch said in British newspapers on Saturday, as News Corp tried to quell the uproar over a phone-hacking scandal that has shaken the company and claimed its top two newspaper executives.

Murdoch says, 'We're sorry' for hacking scandal

We are sorry, Rupert Murdoch said in British newspapers on Saturday, as News Corp tried to quell the uproar over a phone-hacking scandal that has shaken the company and claimed its top two newspaper executives.

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