IBT Staff Reporter

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Euro dips, stocks turn lower on Greece worries

The euro dipped on Monday and Asian stocks flipped back into the red after euro zone finance ministers delayed a final decision on extending emergency loans to debt-stricken Greece, dashing hopes for a quick solution to the political impasse.

Global Internet body to unleash domain names

The regulatory body that oversees Internet domain names voted on Monday to revamp the domain naming system for websites, allowing them to end with words like apple and orange instead of suffixes such as .com or .gov.

Borders to name bidder by July 1

Bankrupt bookstore chain Borders Group Inc said it will name a stalking horse bidder by July 1 and is looking to complete the sale of all its assets by the end of July.

Japan May export drop stirs worry on overseas

Japan's exports fell in May at a faster pace than expected versus year-ago levels, raising concerns that weakness in overseas demand will constrain factory production and delay economic recovery from a massive natural disaster.

GE reaches tentative 4-year deal with unions

General Electric Co on Sunday reached a tentative, four-year national labor contract with two key unions that cover more than 15,000 GE workers, or about 11 percent of its U.S. employees.

Justin Bieber at the Canadian 2011 MMVAs

Justin Biber Arrived amidst shock and frenzied teen fans at the 2011 Canadian MMVA's held in downtown Toronto June 19, 2011, the show hosted by his rumoured girlfriend Selena Gomez.

FBI Search for Fraud Weight Loss Doctor

A weight loss specialist, Dr. Gautam Gupta 57, is wanted by the Federal Bureau of Investigation (FBI). FBI has started a national and international effort to find him.

Sega Sammy shares fall after cyber attack

Shares in Japanese game developer Sega Sammy Holdings Inc fell on Monday after information belonging to 1.3 million customers was stolen from its database, the latest in a rash of global cyber attacks against video game companies.

Ford spending $1 billion on Lincoln revamp: report

Ford Motor Co is spending $1 billion in an effort to develop a new generation of vehicles for its struggling Lincoln brand, the Wall Street Journal reported on Sunday, citing dealers briefed on the plan.

Leaked North Korean files reveal citizens selling human flesh for food

There have been numerous speculations and allegations regarding the reality of North Korean regime through multiple reports, especially defector’s testimonies, but none have been fully verified. However, a leaked official police manual published by the North Korean government officially confirms actual inside stories of the reclusive nation.

Pratt sees widebody options for geared turbofan

Pratt & Whitney's geared turbofan engine, which has secured hundreds of orders to power Airbus's upgraded A320 narrowbody, could be scaled up for use on larger widebody airplanes, its chief executive said on Sunday.

Panasonic sees $3 billion operating profit in 2011/12

Japan's Panasonic Corp is likely to forecast a group operating profit of 260-280 billion yen ($3.24-$3.5 billion) in the current business year to March 2012, down about 10 percent from the year before, due to a fall in sales following a massive earthquake in March, the Nikkei business daily said on Monday.

New elongated Boeing 747-8 debuts in Paris

Boeing Co's 747-8 Intercontinental, the new elongated passenger version of its legendary jumbo jet, made its international debut on Sunday, showing its distinctive silhouette abroad for the first time.

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