IBT Staff Reporter

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Barclays appeals $4 billion owed to Lehman trustee

Barclays Plc is appealing a judge's ruling that handed the trustee for Lehman Brothers Holdings Inc's brokerage arm about $4 billion related to the rushed purchase of the failed investment bank's North American business.
Jul 15, 2011

Apple stock looks cheap ahead of results

Apple Inc should deliver yet another bumper quarter, but some investors are holding out for a monstrous second half when the new iPhone hits and a new online content service takes wing.
Jul 15, 2011

Google lifts Wall Street in otherwise rough week

Google's blowout quarter led the Nasdaq higher on Friday but mounting uncertainty about the government's ability to reach a debt-reduction deal may keep investors at bay in the coming week.
Jul 15, 2011

Instant view: Eight banks fail European stress tests

Eight European banks are not strong enough to withstand a prolonged recession and need to raise 2.5 billion euros in capital, an industry health check aimed at reviving investor confidence showed on Friday.
Jul 15, 2011

Wall Street ends higher, helped by Google

Google's blowout quarter led the Nasdaq higher on Friday, but mounting uncertainty about the government's ability to reach a debt-reduction deal may keep investors at bay in the coming week.
Jul 15, 2011

Investors toast Google results, shares surge

Shares of Google Inc surged as much as 13.5 percent on Friday, a day after blockbuster results and signs of success in mobile and social networking revived hopes the Internet titan was getting back on a growth track.
Jul 15, 2011

Euro zone summit on Greece called for July 21

Euro zone leaders will meet in Brussels on July 21 to discuss a second bailout package for Greece and the financial stability of the euro area, European Council President Herman Van Rompuy said on Friday.
Jul 15, 2011

Centerbridge vows to fight Lehman bankruptcy plan

The Centerbridge hedge fund does not think Lehman Brothers Holding Inc's plan to exit bankruptcy can be confirmed by a judge and it plans to mount a fight against it, according to court documents.
Jul 15, 2011

Celebrity Gives to Scientology, But Not Kawasaki Disease

In the same week social media network, Facebook, helps to diagnose a young boy with a rare autoimmune disease, actor John Travolta, 57, and his wife Kelly Preston, who both falsely claimed their son, Jett Travolta, had Kawasaki disease, a rare condition which causes inflammation of blood vessels, chose not to donate to charities supporting the illness.
Jul 15, 2011

Analysis: AMR a prize, battle ground for Boeing and Airbus

American Airlines, which once pledged loyalty to Boeing Co , has let Airbus back into the room for negotiations on a potentially huge contract that could have far-reaching implications for the plane makers as well as the third-largest U.S. airline.
Jul 15, 2011

Levi Aron Chilling Confession [FULL TEXT, PHOTO]

Levi Aaron's chilling confession in the grisly murder of Brooklyn child Leiby Kletzky has taken the Internet by storm, since it was obtained from police and published by NBC New York.
Jul 15, 2011

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