IBT Staff Reporter

65221-65250 (out of 154942)

Murdoch defends papers as Cameron pledges hacking probe

Rupert Murdoch promised full cooperation on Wednesday to resolve a scandal shaking his media empire after British Prime Minister David Cameron promised an inquiry into what he called disgusting phone hacking by a newspaper.

Samsung estimates Q2 profit down 26 pct

Samsung Electronics, the world's top maker of memory chips and televisions, estimated April-June operating profit would fall 26 percent, as its LCD display business is widely expected to report another loss.

'Don't Ask, Don't Tell' Repeal: Federal Appeals Court Issues Order Blocking Policy

A federal appeals court initiated an order Wednesday blocking the don't ask, don't tell policy in the military today. The 9th U.S. Circuit U.S. Court of Appeals said that the process of repealing the policy is well underway, and the preponderance of the armed forces are expected to have been trained by mid-summer on new procedures.

LPS CEO resigns due to health concerns

Lender Processing Services Inc said its Chief Executive Jeffrey Carbiener resigned due to medical reasons, adding uncertainty at a time when the company is facing various legal and regulatory challenges.

Goldman took biggest loan in Fed emergency program

Goldman Sachs, Lehman Brothers, and European banks RBS and UBS were the biggest beneficiaries of very short-term Federal Reserve loans extended at the height of the financial crisis, according to data released on Wednesday.

EU slams ratings agencies after Portugal downgraded

European politicians accused credit rating agencies on Wednesday of anti-European bias after Moody's downgrade of Portugal's debt to junk cast new doubt on EU efforts to rescue distressed euro zone states without debt restructuring.

Merrill ordered to pay hedge fund firm $64 million

An arbitration panel ordered a Merrill Lynch clearing unit to pay $63.7 million in damages to California hedge fund manager Rosen Capital Partners LP as compensation for losses during the 2008 financial crisis.

Accuser's Lawyer Wants Special Prosecutor in DSK Case

Kenneth Thompson, the lead attorney for Dominique Strauss-Kahn's accuser, has asked the District Attorney to step down from the case which he believes has been mishandled, and wants a special prosecutor appointed, the International Business Times has learned.

Alyssa Milano & Casey Anthony: Separated At Birth?

She might have become a media sensation due to the highly-publicized nature of the trial where she was acquitted of murdering her 2-year-old daughter, Caylee, but Casey Anthony thought she looked like a star long ago.

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