IBT Staff Reporter

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U.S. industry wary of EU action in tech goods spat

U.S. technology companies are worried a victory against European Union tariffs at the World Trade Organization last year may not yield the bonanza they expected because of the way the EU intends to implement the decision, industry representatives said on Wednesday.

Wall Street warns against temporary U.S. budget fix

Investors and ratings agencies would balk at another temporary raising of the U.S. government's debt ceiling to buy lawmakers more time to resolve their deep conflicts over how to lower the U.S. budget deficit.

AirAsia to buy 200 A320neo plus 100 options

AirAsia is set to place a record order for 200 revamped A320neo jets plus 100 options in a $17 billion deal making the Malaysian carrier Airbus's largest airline customer, industry sources said.

Overachiever Oracle faces high growth hurdles

Oracle Corp has a habit of beating Wall Street expectations, but some investors fear billionaire Larry Ellison's software and server juggernaut will find it hard to keep up its own pace when it reports earnings and sets new forecasts on Thursday.

Exclusive: Temporary U.S. debt fix worrisome: Moody's

A temporary fix to the U.S. debt problems could be a sign that Washington's final budget agreement will not be enough to meaningfully cut the nation's deficit, Moody's main analyst for the United States warned on Wednesday.

Regions settles fraud case, may sell Morgan Keegan

Regions Financial Corp agreed to pay $210 million to settle allegations that its Morgan Keegan brokerage fraudulently marketed mutual funds and said it hired Goldman Sachs Group Inc to explore strategic options for that unit.

FBI targets two scareware rings in U.S., Europe

Police in the United States and seven other countries seized computers and servers used to run a scareware scheme that has netted more than $72 million from victims tricked into buying fake anti-virus software.

London Stock Exchange sweetens its TMX bid

The London Stock Exchange sweetened its friendly bid for the operator of the Toronto Stock Exchange to $4.1 billion on Wednesday, topping a hostile offer from a Canadian consortium.

Dutch pass law to ensure open Internet access

The Dutch parliament on Wednesday passed a law banning telecommunications providers from charging their subscribers extra fees for Internet services such as Skype and instant messaging.

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