IBT Staff Reporter

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Services growth slows, but silver lining in jobs

Growth in the U.S. economy's vast services sector remained sluggish in June as new orders fell, but economists said a steady employment reading pointed to job growth later in the year.
Jul 06, 2011

The Giant Phoenix Dust Storm, Explained

The massive storm that rushed across Phoenix last night with a wall of dust at least 5,000 feet high might look crazy, but the phenomenon is not all that uncommon in southern Arizona.
Jul 06, 2011

China raises rates, shrugs off slowing growth

China raised interest rates for the third time this year on Wednesday, making clear that taming inflation remains a top priority even as the growth pace of its vast economy gently eases.
Jul 06, 2011

Hollywood's Highest Paid Actresses [PHOTOS]

Forbes magazine released its list of the highest paid actresses last year and Angelina Jolie and Sarah Jessica Parker were in the top spots as they both earned $30 million last year.
Jul 06, 2011

Wall Street slips on global growth worry

Stocks fell slightly on Wednesday after a downgrade of Portugal's credit rating, China's interest rate rise and a soft report on the U.S. services sector sparked jitters about global growth prospects.
Jul 06, 2011

Services growth slows in June, employment stable

The pace of growth in the U.S. economy's services sector remained sluggish in June and new orders fell, but employment held steady last month, according to an industry report released on Wednesday.
Jul 06, 2011

Amid rumors of Jiang Zemin's death, speculation about China's new leadership

As the core of the third generation of Communist Party leaders, and as someone famous for his flamboyant personality, Jiang's absence from CCP's 90th anniversary is unusual. Rumors of his death triggers speculations about the power shifts within the Communist Party as the 2012 leadership transition is drawing closer.
Jul 06, 2011

Meghan Cox Gurdon, Maureen Johnson Debate Darkness in YA Literature

In a radio debate, Meghan Cox Gurdon said she didn't expect anything like the degree of reaction that her Wall Street Journal essay on darkness and depravity in young adult literature has generated -- but she did think it would probably get up some people's noses.
Jul 06, 2011

What Does The Future Hold For Harry Potter Trio?

In tens years and eight films. Though it is definitely the end of an era for the Harry Potter cast and the fans, we can be sure to find more of the stars as they venture out into new projects.
Jul 06, 2011

UK's Cameron calls for probe into phone hacking

LONDON, July 6 - British Prime Minister David Cameron on Wednesday called for an official inquiry into a phone hacking scandal at Rupert Murdoch's News International that has prompted national outrage.
Jul 06, 2011

China's Jiang Zemin Rumored Brain-Dead: Military Hospital Tightens Guard [VIDEO]

On July 1, Jiang was absent at an important event in Beijing commemorating the 90th anniversary of China's Communist Party.A few days later, an important figure was urgently hospitalized into 301 Military Hospital located in Beijing, China. The figure is reportedly the former Chinese leader Jiang Zemin, who was rumored to be in sickness since his last public appearance in Jiangsu on May 14th.
Jul 06, 2011

Delayed NFL start: The impact on Jets, Giants

Assuming the collective bargaining agreement between players and owners is resolved within the next week or so, the fallout from the lockout would continue into the regular season, with at least the first three games being impacted by the lockout. But will this disruption help or hinder the New York Jets and the New York Giants?
Jul 06, 2011

Factbox: Murdoch advertisers get cold feet over hacking claims

Car maker Ford and billionaire Richard Branson's Virgin Holidays have suspended advertising in Britain's News of the World due to allegations of hacking by the newspaper while travel operators Thomson and First Choice are among a growing band of companies reviewing their policies.
Jul 06, 2011

IMF's Lagarde says will push on with IMF reforms

New International Monetary Fund Managing Director Christine Lagarde pledged on Wednesday to push ahead with reforms to give fast-growing emerging markets greater sway at the global lender.
Jul 06, 2011

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