More From IBT Staff Reporter
IndiGo set to confirm $16 billion Airbus order
Indian budget carrier IndiGo could confirm an historic $16 billion order for 180 Airbus aircraft at the Paris Air Show on Wednesday, industry sources said.
Jun 21, 2011
Chelsea Manager Search - How should Villas-Boas tackle Abramovich's Chelsea?
With Andre Villas-Boas, the new Mourinho, emerging as the front-runner to take the Chelsea managerial hot-seat, it should be asked what he will need to do to succeed at a tricky club like Chelsea.
Jun 21, 2011
Summer Solstice 2011: A good omen for some New Yorkers
Summer solstice celebrates a time when the sun reaches its northernmost point in the sky.
Jun 21, 2011
R. Kelly sued for $1 million by ex manager
R. Kelly, the R&B singer and songwriter, has been sued by his former talent manager for non-payment of dues of nearly $1 million owed to him in commissions.
Jun 21, 2011
'Law & Order: SVU' narrows search to 5 to replace Meloni
'Law and Order: Special Victims Unit' is auditioning five new actors to replace the character of Christopher Meloni for its latest season to be aired in Fall 2011.
Jun 21, 2011
Microsoft's cloud venture Windows Azure poised for take off
Microsoft’s cloud-based Windows Azure, is similar to cloud sky in many ways, according to reports of a test at the available production-level features in Microsoft's platform-as-a-service (PaaS) offering, but with some major differences
Jun 21, 2011
Stock index futures signal gains for Wall Street
Stock index futures pointed to a strong open for Wall Street on Tuesday, adding to gains from the previous session, as expectations grew that a solution would be found for Greece to avoid a default.
Jun 21, 2011
Nokia unveils new smartphone
Nokia Chief Executive Stephen Elop unveiled a new smartphone on Tuesday that uses software the firm plans to ditch, a move analysts said would probably condemn the device to obscurity.
Jun 21, 2011
Nokia unveils new Windows smartphone
Nokia Chief Executive Stephen Elop unveiled a new smartphone on Tuesday that uses software the firm plans to ditch, a move analysts said would do little to halt the Finnish firm's slide in market share for handsets.
Jun 21, 2011
Cabinet vote nears as EU/IMF team heads to Greece
Prime Minister George Papandreou's cabinet faces a confidence vote late on Tuesday, the first of three tests the Greek government must survive to avert the euro zone's first sovereign debt default.
Jun 21, 2011
World stocks off 3-week low, focus on Greece
World stocks and the euro rose from last week's three-week lows on Tuesday as expectations that the euro zone will avoid a messy default of Greek sovereign debt attracted investors back into risky assets.
Jun 21, 2011
Scandals or not, VC firms still love China Net startups
The rash of accounting scandals that has hit U.S.-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland's So-Lo-Mo and luxury e-commerce sectors.
Jun 21, 2011
6 apps in Windows Phone7 'Mango' to help take a pie in smartphone mart
Microsoft’s Mango, a Windows Phone7 update comes with 500 new features joining the likes of iOS and Android, which have become market leaders after flaunting their new capabilities.
Jun 21, 2011
Chinese banks falter as slowdown, tightening bite
Shares of major Chinese lenders China Construction Bank <0939.HK> and Agricultural Bank of China <1288.HK> fell to multi-month lows on Tuesday, hit by potentially souring loans, an economic slowdown and tighter capital requirements.
Jun 21, 2011
Foster's knocks back $10 billion SABMiller bid, shares jump
Foster's Group on Tuesday rejected a A$9.5 billion ($10.1 billion) cash takeover offer from global giant SABMiller as too low, but investors predicted Australia's largest brewer would succumb to a slightly higher offer.
Jun 21, 2011
India IT hub orders Google to suspend Street View service
Google Inc has been ordered by city police to suspend its Street View service in the Indian IT hub of Bangalore, the company said on Tuesday, in the latest setback to its global mapping project that has been hit by privacy fears.
Jun 21, 2011
Euro up slightly, Greek confidence vote awaited
The euro inched up in choppy trading on Tuesday on hopes that squabbling policymakers will come up with a solution to avoid a debt default by Greece, sentiment that also buoyed Asian shares.
Jun 21, 2011
Apple Mac Pro, MacBook Air shipping with custom CPU, Lion, and Thunderbolt?
The new Mac Pro, Mac Mini, and MacBook Air are set to buff up its hardware as speculations are circulating about their release date in late July or first week in August. Apple is rumored to equip and ship the upgraded devices with the powerful Intel Sand Bridge CPU processor, OS X Lion, and Thunderbolt. The Intel’s Sandy Bridge have already been at work offering their Core i5 with 3.3 GHz up to its Core i7 Extreme with 3.7 GHz in PC computers.
Jun 21, 2011
Nokia unveils new N9 smartphone in Singapore
Finnish cellphone maker Nokia unveiled its N9 smartphone in Singapore on Tuesday, its only bet on the MeeGo platform.
Jun 21, 2011
Greek PM faces confidence vote, fights to avert default
Greek Prime Minister George Papandreou faces a confidence vote on Tuesday, a hurdle he must clear to win backing for a new round of spending cuts, tax hikes and state asset sales needed to secure a 12 billion euro ($17.2 billion) lifeline and avert the euro zone's first sovereign debt default.
Jun 21, 2011
Nokia to launch Windows phone later this year
Ailing Finnish cellphone maker Nokia will launch its first smartphone using the Microsoft Windows platform later this year, and will begin to ship the models in volume in 2012, Chief Executive Stephen Elop said on Tuesday.
Jun 21, 2011
Hulu Decides to Follow Apple's New Rule
Hulu, owned by Comcast's NBC, Disney's ABC and News Corp's Fox, has decided to comply with Apple's subscription policy on iOS devices in order to gain access and reach Apple's 225 million users.
Jun 20, 2011
Casey Anthony Trial: Judge Adjourns Court Early, Accuses Lawyers of 'Gamesmanship'
Florida Judge Belvin Perry adjourned court early on Monday in the Casey Anthony murder trial.
Jun 20, 2011
Saturn moons may hold potential life: Cassini NASA Helene close encounter
As NASA's Cassini project relayed images back after snapping photos of several of Saturn's 60 known moons. The images revealed lakes and rivers filled with liquid methane on Titan, Rhea with an atmosphere full of oxygen, and an ocean-like surface under a thick hydrocarbon atmosphere. The signs of water molecules and oxygen has given much speculation about life form existing on Saturn moons.
Jun 20, 2011
Euro slightly up, Greek confidence vote awaited
The euro inched up in choppy trading on Tuesday on hopes squabbling policymakers will come up with a solution to avoid a default by Greece, sentiment that also buoyed Asian shares.
Jun 20, 2011
Analysis: Market tweaks adding up for U.S. brokers
The cost of complying with new securities rules is making it harder for small and mid-sized U.S. brokerages to stay profitable -- and may force more mergers in the sector.
Jun 20, 2011
Obama Set to Specify Afghanistan Drawdown Plan on Wednesday
On the coming Wednesday, President Obama will announce the details of his plan to reduce the number of U.S. troops in Afghanistan next month, according to administration officials.
Jun 20, 2011
NASA Successfully Photographs Saturn’s “Ice Queen Helene” Moon [PHOTO+VIDEO]
NASA was able to complete its second-closest meeting with Saturn’s icy moon Helene with its Cassini orbiter on Monday according to the Jet Propulsion Laboratory.
Jun 20, 2011
Foster's rejects $10 billion SABMiller bid, shares jump
Foster's Group on Tuesday rejected a A$9.5 billion ($10.1 billion) cash takeover offer from SABMiller as too low after the global brewing giant offered only a slim premium for Australia's largest brewer.
Jun 20, 2011
1.3 Million Sega Customer Accounts Compromised
Sega Corp.'s database has been hacked. The multinational video game developing company headquartered in Tokyo, Japan has sent an email to users to notify Sega Pass system users that their emails, dates of birth and their passwords were compromised by hackers. The stolen passwords were encrypted.
Jun 20, 2011
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