IBT Staff Reporter

64531-64560 (out of 154953)

Sina to launch virtual currency for Weibo in Q3 -source

China's Sina Corp will launch a virtual currency for its highly popular microblogging service, Weibo, in the third quarter this year, the firm's first real push to monetize the platform, said a source with direct knowledge of the matter on Wednesday.

Netflix Price Increase: Newer Movies for Free on Chinese Site

Netflix's price increase has film enthusiasts all over the United States saying they may cancel memberships Tudou.com - Chinese for Potato.com - is a Web site that offers full streaming films for free, often before they come out in the United States.

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.

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