IBT Staff Reporter

64531-64560 (out of 154942)

RIM deflects criticism at annual meeting

Research In Motion executives deflected criticism from investors who complained the BlackBerry maker has been mismanaged and marketed poorly as rivals Apple and Google steal its market share.

Europe considers Greek default, leaders to meet

European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens' debts and to stop contagion spreading to Italy and Spain.

Fed minutes: Some ready to ease if recovery lags

Some Federal Reserve officials believe further monetary policy easing could be needed if the recovery remains too sluggish to cut the stubbornly high U.S. jobless rate and if inflation eases as expected, minutes of the Fed's last meeting show.

Moody's cuts Ireland to junk, warns of second bailout

Moody's cut Ireland's credit rating to junk on Tuesday, warning that the debt-laden country would likely need a second bailout -- just the latest move amid heightening concerns about Europe's ability to address its debt crisis and prevent it from spreading.

Borders defends auction plan amid landlords' ire

Borders Group Inc on Tuesday answered criticism from landlords who said the bankrupt bookseller has kept them in the dark on the future of their leases, saying it is providing as much information as it can under tight deadlines.

Instant view: Moody's cuts Ireland to junk status

Ireland's credit rating was cut to junk status by ratings agency Moody's which said the country will likely need further rounds of official financing before it can return to international capital markets.

Manufacturers struggling to find skilled workers

U.S. manufacturers cannot find skilled workers despite high unemployment, which means there is a need to align the nation's higher education system with the requirements of industry, lawmakers were told on Tuesday.

WikiLeaks' Assange in UK court to fight extradition

Lawyers for WikiLeaks founder Julian Assange asked a court for a second time on Tuesday to block his extradition from Britain to Sweden for questioning over allegations of sexual misconduct, arguing the case was legally flawed.

RIM could do better as two businesses: analyst

BlackBerry maker Research In Motion should split itself in two to liberate locked-in value and speed up innovation at a company that has lagged its competitors, a brokerage said on Tuesday.

Preparing for Carmageddon

A portion of the 405 Freeway from the Hollywood Hills to the 10 Santa Monica Freeway will close for the weekend starting Friday, July 15.

Trade gap surges to nearly 3-year high on oil

The U.S. trade gap widened sharply in May to its highest level in nearly three years as surging oil prices helped push imports to a near record and exports fell slightly from April's all-time high.

Google costs in focus after busy quarter

Google Inc's investment spree and shrinking profit margins will draw investor scrutiny when it reports its earnings on Thursday, following an eventful quarter when the company launched the Google+ social network and the government disclosed a probe of its business practices.

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