IBT Staff Reporter

65041-65070 (out of 154947)

UK PM faces questions as Murdoch axes paper

British Prime Minister David Cameron called an urgent news conference on Friday after reports his former spokesman was meeting police and could be arrested after the closure of the scandal-hit newspaper he once edited.

Google's Schmidt sees room for several social networks

Google Inc is leaving open the door to more co-operation with social-media giants Facebook and Twitter, and believes there is room for multiple social networks as it rolls out its own, executive chairman Eric Schmidt said.

Jobs seen boosting hopes of an economic revival

U.S. companies probably stepped up hiring in June as the economy recovers from a stumble in recent months, although job growth is not expected to be strong enough to eat into high unemployment.

Murdoch axes paper, British PM's aide faces arrest

A former senior aide to British Prime Minister David Cameron faced arrest on Friday over his alleged role in a phone-hacking scandal that prompted Rupert Murdoch to close Britain's biggest selling Sunday newspaper.

Factbox: News that broke on Twitter

Hackers broke into the Twitter feeds of Fox News and PayPal this week, raising concerns about how secure the microblogging site is as it increasingly becomes a platform for news dissemination.

Big pickups clog dealer lots, concern analysts

Big pickup trucks are clogging many U.S. dealer lots, causing headaches for General Motors Co and other automakers, and raising concerns about price wars and lower profits later in the year.

Simon Property to give CEO a million shares to stay

The board of Simon Property Group Inc , the largest owner of U.S. malls and outlet centers, has agreed to a plan that will give CEO and Chairman David Simon 1 million shares for him to remain with the company for at least another eight years, according to a regulatory filing.

Michigan Gunman Kills 7 in Shooting Rampage

A man believed to have killed seven people in Grand Rapids, Michigan initiated a manhunt today. Officers are believed to have caught the suspect but residents have been advised to stay in their homes.

'Caylee's Law' Pushed By Lawmakers After 'Not Guilty' Verdict

Casey Anthony, the young mother accused of murdering her two-year-old daughter using chloroform and duct tape, was acquitted Tuesday, prompting lawmakers to push for Caylee's Law. The 25-year-old will likely be released July 16, making her the most hated woman in the nation.

Tax hike, amnesty plan boost Illinois revenue

Illinois' fiscal 2011 revenue jumped nearly $3.4 billion over fiscal 2010 collections due mainly to a big income tax rate hike and a tax amnesty program, a legislative commission reported on Thursday.

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