IBT Staff Reporter

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Pandora shares soar in market debut

Pandora Media Inc opened 25 percent above its $16 IPO price per share in its stock market debut on Wednesday as investors flocked to get a piece of the latest Internet start up, even though it has yet to turn a profit.

Instant view: Industrial output edges up in May

U.S. industrial output edged up just 0.1 percent in May as supply chain disruptions from the earthquake in Japan disrupted auto production for a second straight month, the Federal Reserve said on Wednesday.

Rich world economy prospects darken: Reuters poll

The rich-world's economic prospects have darkened slightly, a Reuters poll of economists showed, with new signs of a slowdown in the United States compounding fears about the poor fiscal health of Western economies.

Will Alberto Contador be cleared of clenbuterol doping charge?

Alberto Contador is facing an appeal hearing set on August 1 by the Court of Arbitration for Sport. The appeal was made by the World Anti-Doping Association (WADA) and the International Cycling Union (UCI) after the Spaniard's national cycling federation cleared him of doping accusations when he tested positive for trace amounts of clenbuterol.

Greeks rage on austerity, PM offers to quit

Greece's prime minister offered to quit and make way for a national unity government after mass protests against a new austerity plan turned violent on Wednesday, with the country teetering on the brink of default.

SEC proposes post-Madoff broker oversight plan

Securities brokers would be more closely scrutinized by auditors and be subject to stricter oversight of their handling of customers' assets under a plan proposed by federal regulators on Wednesday.

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