IBT Staff Reporter

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Portugal downgrade darkens euro zone rescue hopes

The downgrading of freshly bailed-out Portugal's credit rating to junk shocked financial markets on Wednesday and cast new doubt on European efforts to rescue distressed euro zone states without debt restructuring.
Jul 06, 2011

AirAsia to boost Airbus deal to 300 planes: source

AirAsia Bhd will buy an extra 100 Airbus A320neo jets, taking its record-breaking order to 300 planes, a source said, a deal that would make the Malaysia-based low-cost airline one of the world's largest carriers.
Jul 06, 2011

Stock index futures point to falls for Wall Street

NEW YORK Stock index futures pointed to a weak start for Wall Street on Wednesday, with futures for the S&P 500, Dow Jones futures and Nasdaq futures down 0.2 to 0.4 percent by 5:06 a.m. EDT.
Jul 06, 2011

South Korean Web attacks might have been war drill

Attacks that crippled South Korean government websites in July 2009 and again in March 2011 might have been cyber war drills conducted on behalf of North Korea, according to security software maker McAfee Inc.
Jul 06, 2011

AirAsia to boost record Airbus deal to 300 planes

AirAsia Bhd will buy an extra 100 Airbus A320neo jets, taking its record-breaking order to 300 planes, a source said, a deal which would make the Malaysia-based budget airline one of the world's largest carriers.
Jul 06, 2011

China bank stocks drop, euro steadies

Chinese banking shares fell for a second day on Wednesday after a sovereign fund unloaded a stake in two banks, flashing a cautious signal about risk even after the euro clawed back losses endured on Moody's downgrade of Portugal to junk status.
Jul 06, 2011

Germany S&P head rejects criticism of Greek role

The head of Standard & Poor's in Germany rejected criticism that the ratings agency was being too tough in judging efforts to involve the private sector in Greece's bailout without triggering a sovereign debt default.
Jul 06, 2011

Fun Facts About the Space Shuttle System Part 2: Rollout

A space shuttle liftoff is an awe-inspiring sight -- but the journey doesn't begin on the launch pad. It has to get there first. Rollout means moving a fully assembled space shuttle, and its mobile launcher platform
Jul 06, 2011

Google to re-brand Picasa and Blogger

Google is re-branding Picasa and Blogger as ‘Google Photos’ and ‘Google Blogs’ respectively to further unify its new social networking site Google+ into its gamut of products.
Jul 06, 2011

Fun Facts About the Space Shuttle System Part 1

The five orbiters - Columbia, Challenger, Discovery, Atlantis and Endeavour - have flown more than 130 times, carrying over 350 people into space and traveling more than half a billion miles, more than enough to reach Jupiter.
Jul 06, 2011

Expert pleads guilty in insider probe

A former senior director at Flextronics International pleaded guilty on Tuesday, telling a U.S. judge he was paid $200 an hour by an expert network firm to spill inside information to hedge funds.
Jul 06, 2011

Euro struggles and China banks fall on Temasek

Chinese banking shares fell for a second day on Wednesday, while the euro clawed back losses but was still seen at risk after Moody's slashed Portugal's credit rating to junk status, reigniting fears that it may need a second rescue package.
Jul 06, 2011

Insight Comm buyer likely to be picked within month: report

Insight Communications Co, controlled by The Carlyle Group, received final bids in its auction last week and a buyer will likely be picked within a month from bidders including WideOpenWest LLC and Mediacom Communications, the Wall Street Journal reported.
Jul 05, 2011

Asian stocks ease, euro fragile as risk rally pauses

Asian stocks were off to a weak start while the euro remained fragile on Wednesday morning after Moody's slashed Portugal's credit rating to junk status and as investors take a breather after the past week's rally in risky assets.
Jul 05, 2011

Audit watchdog, SEC plan Beijing visit

U.S. regulators, reeling from a series of scandals over U.S.-listed Chinese companies, will head to Beijing to discuss launching audit inspections while regulators in Canada announced a probe of foreign issuers.
Jul 05, 2011

Google+ to integrate Zynga and Hulu? Top 5 things we’d love to see Google+ have

Google+ has triggered a response from Facebook as the two tech companies go head to head with the release of Google+. The social network war of 2011 has begun as Google will look to power its momentum with possible integrations of Zynga games, Hulu TV shows, Groupon-like deal coupons, and music through the cloud. These are some of the things we would love to see on Google's latest project and it is quite possible it may happen.
Jul 05, 2011

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