IBT Staff Reporter

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3 Reasons why Google’s Chrome OS will fail

With the announcement of the Chromebook from Google, tech analysts, investors and consumers are watching closely to see if Google is more than a two trick pony. Google isn’t the only company betting big on the cloud either - Apple, Microsoft and Amazon have all made big moves into the cloud.

Convicted ex-broker's term likely to stand: judge

An ex-Credit Suisse AG broker convicted on multiple counts of defrauding institutional investors out of $1 billion is likely still to face a five-year prison term despite a recent appeals-court dismissal of one of his convictions, a federal judge said.

Ceglia passed polygraph test in Facebook case: lawyers

Paul Ceglia, who says a contract and emails entitle him to half of Facebook, has cleared a polygraph examination conducted to determine the veracity of the alleged contract with the online social network's founder, Mark Zuckerberg, his lawyers said in a court filing.

Creditors pan Innkeepers' bankruptcy exit plan

Innkeepers USA Trust's plan to sell its assets and exit bankruptcy met a raft of objections on Friday as creditors prepared to hash out the merits of the sale at a confirmation hearing next week.

Profitless Pandora pricks the tech bubble

It had all the signs of another dotcom bubble: A start-up without a convincing business plan or any foreseeable chance of turning a profit saw its shares soar in the first hours after its stock market debut.

Moody's warns may downgrade Italy, economy fragile

Moody's Investors Service on Friday threatened to cut Italy's credit ratings in the next 90 days on worries that a possible rise in euro-zone interest rates may derail the country's fragile economic recovery.

Special report: Government in cyber fight but can't keep up

The Pentagon is about to roll out an expanded effort to safeguard its contractors from hackers and is building a virtual firing range in cyberspace to test new technologies, according to officials familiar with the plans, as a recent wave of cyber attacks boosts concerns about U.S. vulnerability to digital warfare.

Best Buy settles class-action bias lawsuit

Best Buy Co agreed to settle a class-action lawsuit accusing the largest U.S. electronics retailer of job discrimination, paying a total of $200,000 to the nine named plaintiffs plus as much as $10 million for legal fees and costs.

N.Y. man gets 20 years for $24 million Ponzi scheme

With dozens of his victims watching, an investment manager once dubbed by the media as Brooklyn's Bernie Madoff, was sentenced on Friday to 20 years in prison for operating a decades-long Ponzi scheme that bilked hundreds of investors out of more than $24 million.

Record Asian order dominates Paris air fest

A record 200-plane order from Asia's largest budget carrier looks set to dominate a jackpot of deals at next week's Paris Air Show in clear evidence of a multi-speed recovery shaping global industry, sources said.

Moody's says may cut Italy's credit rating

Moody's Investors Service on Friday said it may cut Italy's sovereign credit rating from Aa2, citing such challenges as reforming a rigid labor market while also facing the likelihood of rising interest rates.

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