IBT Staff Reporter

65821-65850 (out of 154942)

Geithner mulls departing Treasury post: sources

Treasury Secretary Timothy Geithner is considering stepping down later this year, but will not make a decision until contentious negotiations over the U.S. debt ceiling are completed, people familiar with his thinking said on Thursday.

Fed should act if recovery disappoints -Bullard

The Federal Reserve should be prepared to act to support the economic recovery again if growth disappoints, a top official said on Thursday, the day the central bank's latest bond buying round ended.

NBA Officially Declares Lockout of Players

The National Basketball Association said Thursday it will begin a lockout of its players at 12:01 a.m. EDT on July 1 until it reaches a collective bargaining agreement with the league's players association.

George Anthony's Suicide Note (Full Text)

The following is George Anthony's suicide note to his wife, Cindy Anthony as shown in court on June 30, 2011, according to a transcription of a handwritten note in media reports.

Lockheed's aeronautics unit to cut 1,500 jobs

The aeronautics unit of Lockheed Martin Corp, the Pentagon's No. 1 supplier by sales, said on Thursday that it plans to cut about 1,500 jobs to reduce costs in response to a flattening of U.S. defense spending.

U.S. trade body partly upholds ruling against Kodak

A U.S. trade body declined to fully reverse a ruling that Apple and Research in Motion Apple did not infringe Kodak's patented technology for digital cameras in cellphones, sending Kodak shares down 17 percent in extended trading.

Citi enters exclusive talks to sell OneMain: report

Citigroup Inc has entered into exclusive talks with a bidding group to sell its OneMain consumer lending unit formerly known as CitiFinancial, the Wall Street Journal reported, citing a person familiar with the matter.

RIM agrees to study board changes; avoids vote

Research In Motion succumbed to rising shareholder pressure on Thursday, agreeing to study a split of its co-chair and co-chief executive roles and dodging a showdown at its annual meeting.

Texting Can Help Smokers Quit: Study

A new research has discovered that smokers who receive encouraging text messages are more likely to be successful in quitting smoking. They study was published in the British medical journal The Lancet.

Murderers Tie the Knot at Orange County Prison

Two murderers jailed in an Orange County prison tied the knot June 27 inside a jail visiting area. The couple apparently met in January when the future bride sent the future groom a letter.

Apple iPad 2 on fire: 100000 apps, 14M future shipments, no rush for iPad 3 release

The Apple iPad 2 continues to steam through competitors to uphold its top position in the tablet market by achieving an unprecedented milestone of 100,000 available applications specifically developed for iPad. Apps for iPad and iPad 2 utilize the large 9.7 inch touchscreen display and A5 dual processor to run more intensive functions.

Geithner mulls leaving Treasury post: sources

Treasury Secretary Timothy Geithner is considering stepping down later this year, but will not make any decision until after debt limit negotiations conclude, people familiar with his thinking said on Thursday.

LightSquared submits GPS report to FCC

A dispute between Harbinger Capital's telecom start-up LightSquared and GPS makers flared on Thursday with each side blaming the other for interference between systems like aviation navigation and a high-speed wireless network that LightSquared wants to build.

BART pays mother of victim Oscar Grant III $1.3 million

BART has agreed to pay $1.3 million Tuesday to Wanda Johnson, the mother of victim Oscar Grant III, who was shot in the back by a transit agency police officer two and a half years ago, to settle her civil case against it and the officers involved.

New date of September 27 for Rajaratnam sentencing

Convicted Galleon hedge fund founder Raj Rajaratnam will be sentenced on September 27, a federal judge ordered on Thursday, postponing the proceeding from July 29 in the biggest insider trading case of a generation.

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