IBT Staff Reporter

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Gilead kickstarts patent pool for AIDS drugs

Gilead Sciences, the leading maker of HIV drugs, is to share intellectual property rights on its medicines in a patent pool designed to make treatments more widely available to the poor.

Exclusive: Apple patent lawyer to leave

Apple Inc's chief patent counsel will soon leave the company, at a time when the company is fighting numerous legal battles around the world, according to a source familiar with the situation.

Stock index futures signal sharp sell-off

Stock index futures pointed to a sharp fall in share prices on Tuesday after equities on Wall Street recorded their biggest fall in about a month in the previous session as concerns grew that the euro zone debt crisis could engulf other countries.

Sprint subpoenaed by 9 states over AT&T's T-Mobile bid

Sprint Nextel has received subpoenas from nine states in connection with antitrust reviews of AT&T's proposed $39 billion purchase of T-Mobile USA, according to a Sprint letter posted on the Federal Communications Commission website.

80-year-old Jews Return for Vienna Games

Having escaped the Holocaust as boys, two 80-year-old Jewish doctors from the United States have returned to Vienna to swim in the European Maccabi Games and have the last laugh at the Nazis who tormented their youth.

Timeline: The debt debate

President Barack Obama and top lawmakers will meet again on Monday in search of a deal on slashing the budget deficit and raising the $14.3 trillion debt ceiling before the United States defaults.

Berlin Fashion Week Showcases Spring Summer Collection

Two major green shows are exhibiting at this week's Berlin fashion week that ends on Friday. They have recently been bought by Frankfurt Fair, the world's leader in textile and textile-technology, sending strong signals for sustainable products in the fashion sector.

Eurozone pledges new steps to help Greece

Euro zone finance ministers promised cheaper loans, longer maturities and a more flexible rescue fund to help Greece and other EU debtors in a bid to stop financial contagion engulfing Italy and Spain.

Obama and lawmakers regroup to seek debt deal

President Barack Obama and congressional leaders, struggling to break an impasse over taxes and spending cuts, will regroup on Tuesday to seek common ground for a deal to avoid a looming debt default.

BOJ holds fire, more optimistic on economy

The Bank of Japan kept monetary policy on hold and revised up its assessment of the economy on Tuesday, encouraged by a rebound in factory output and increasing signs that the recovery from the devastating March earthquake is broadening.

Obama, lawmakers fall short on debt deal

President Barack Obama and top lawmakers fell short on Monday of finding enough spending cuts for a deal to avoid an August 2 debt default and Republicans came under fresh pressure to agree to tax hikes.

HTC down after Apple's new patent lawsuit

Shares in the world's No.5 handset maker, HTC Corp, tumbled more than 4 percent on Tuesday, after Apple Inc sued the company in a fresh complaint with a U.S. trade panel.

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