IBT Staff Reporter

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Verizon to start limiting data use July 7

Verizon Wireless, the biggest U.S. mobile provider, will stop offering customers unlimited data services for a set fee on July 7, meaning higher prices for heavy users of services such as mobile Web surfing.

Energy Transfer raises offer for Southern Union

Pipeline operator Energy Transfer Equity LP sweetened its deal for rival Southern Union 21 percent to about $5 billion, as it works to muscle out a competing offer from Williams Companies Inc .

Bargains seen helping June chain-store sales

Retailers are expected to report healthy sales gains for June, as bargains brought in nervous shoppers, leaving some wondering whether too much discounting may crimp second-quarter profits.

ETE sweetens Southern Union deal to $5 billion

Pipeline operator Energy Transfer Equity LP struck a sweetened $5 billion deal to buy Southern Union , but the 21 percent bump may not be enough to scare away rival bidder Williams Cos Inc .

Moody's cuts Portugal credit ratings to junk

Moody's Investors Service on Tuesday slashed Portugal's credit rating into junk territory, saying there is great risk the country will need a second round of official financing before it can return to capital markets.

Casey Anthony Verdict Not Guilty: Did George Anthony's Mistress Derail Trial?

George Anthony's mistress alleged Thursday that George said that Caylee's death was an accident that snowballed out of control, giving much-needed credit to the defense. Krystal Holloway also said that she participated in the wild goose chase enabled by Casey Anthony's proclamation that the child had been kidnapped by a nanny.

Wall St flat, but Netflix helps Nasdaq

Stocks were mostly flat in a thinly traded session on Tuesday as investors digested gains accrued last week, the best week for equities in two years, while strength in Netflix helped lift the Nasdaq.

Google, Microsoft sued over map technology

Google Inc and Microsoft Corp were sued for infringing a Louisiana company's patent with their map websites, which let users navigate street-level views of towns and cities.

German court hears case against euro bailouts

Germany's top court began hearing legal challenges on Tuesday against last year's bailouts of debt-stricken euro zone peers in a move that could affect Berlin's room for maneuver in future rescue packages.

NY subpoenas nine life insurance companies: source

New York's top legal officer has sent subpoenas to nine leading life insurers seeking information about their practices in identifying and paying out policies for deceased customers, according to a person familiar with the matter.

DSK accuser sues NY Post for hooker report

The hotel maid who accused former IMF chief Dominique Strauss-Kahn of sexual assault sued the New York Post and five of its journalists for libel on Tuesday for reporting that she was a prostitute.

Banks meet to thrash out Greece aid plan

International banks and insurers will meet on Wednesday to thrash out a plan for the private sector to contribute to Greece's bailout effort as fears grow that the proposal will be derailed.

'New York Post' Sued by DSK Accuser

Attorneys for the maid who accused former IMF Chief Dominique Strauss-Kahn of rape sued the New York Post and four of its reporters for libel Tuesday.

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