IBT Staff Reporter

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First Steve Jobs Comic Book On the Way

Bluewater Productions is set to release a comic book on Steve Jobs that it says will tackle both his innovative genius, and his egomaniacal, corporate pirate side.

Weiner To Resign : reports

Scandal plauged Congressman Anthony Weiner has disclosed his decision to resign his seat as a member of Congress, amid unrelenting pressure from top Democrats for him to go, The Times reported.

Macy's, Union Reach Tentative Deal to Avoid Strike

With a midnight strike deadline looming, Macy's and Local 1-S of the Retail, Wholesale and Department Store Union (RWDSU), the union representing workers in four New York stores, reached a tentative five-year agreement to avoid a strike.

Wealthy sour on economy, advisers hopeful

Millionaires are less optimistic about the U.S. economy's prospects than their wealth advisers and are taking a cautious approach in their investments, according to a new data analysis released on Thursday from Fidelity Investments.

Data offers hope for pick up in recovery

The number of Americans signing up for jobless benefits fell last week, while housing starts and building permits rose in May, offering some hope the economy could be starting to pull out of its soft patch.

IMF contender Carstens chides Europe's grip on fund

Mexican Central Bank Governor and IMF-contender Agustin Carstens rebuked his European counterparts on Thursday for reneging on their promise to back a non-European to head the fund and vowed to give emerging powers more say if elected.

Blackberry PlayBook hits UK today

Blackberry maker RIM’s first tablet PC, the PlayBook is officially launched on Thursday in UK, which may give a tough competition to Apple’s iPad 2, especially over the starting price tag.

PHOTOS: Disgruntled Canucks fans riot in Vancouver

Disappointed that their hockey team failed to win the Stanley Cup, fans of the Vancouver Canucks rioted in downtown Vancouver after the conclusion of Game 7, overturning and burning cars and smashing store windows.

Data points to some improvement in economy

New claims for unemployment benefits fell last week, while housing starts and permits for future construction rose in May, signs that offered some hope the economy could soon pull out of its soft patch.

May housing starts up, permits at 5-month high

Housing starts rose more than expected and permits for future construction touched a five month high in May, a government report showed on Thursday, but any recovery will be hampered by a glut of pre-owned homes.

IMF seen releasing Greek funds despite EU delay

The IMF will release crucial loans to save Greece from default despite a likely delay by the European Union in agreeing a second bailout for the heavily indebted state, euro zone sources said on Thursday.

Greek debt, political turmoil hits world stocks

World stocks hit a three-month low on Thursday, the euro tumbled and top-rated government bonds rose as investors began to price in a possibility of disorderly default in Greek sovereign debt.

ECB's Wellink calls for doubling euro bailout fund

The European bail-out fund should be doubled to 1.5 trillion euros ($2.15 trillion) if politicians want private sector investors to participate in a second bail-out package for Greece, a European Central Bank governing council member said.

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