IBT Staff Reporter

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Google hones search for mobile and speed

Google Inc unveiled new features and technology to speed up Web searches and to make it easier for people to use its flagship search engine as they increasingly access the Internet from handheld mobile devices.
Jun 14, 2011

Debt talks focus on annual spending

Republicans and Democrats grappled over the government's annual spending levels on Tuesday as they worked toward a deal that would narrow annual budget deficits and allow the country to continue borrowing at rock-bottom rates.
Jun 14, 2011

Exclusive: Terrestar nears bid pact: sources

Bankrupt telecommunications company Terrestar Networks Inc is nearing a minimum bid agreement of $1.2 billion to $1.4 billion, likely with billionaire Charlie Ergen, chairman of Dish Network Corp , according to sources with direct knowledge of the situation.
Jun 14, 2011

Lockheed space unit to cut about 1,200 jobs

Lockheed Martin Corp's space systems unit said on Tuesday it would cut 1,200 workers, or about 7.5 percent of the division's total workforce, by year's end to reduce costs and improve its competitive standing.
Jun 14, 2011

Solar event that may have caused last ice age happening again?

New data released Tuesday at the annual meeting of the solar physics division of the American Astronomical Society in Las Cruces, New Mexico, may suggest that we are headed towards a solar event that hasn’t happened in hundreds of years.
Jun 14, 2011

Bernanke, Obama warn as lawmakers meet on budget

The chairman of the Federal Reserve warned on Tuesday that a failure to lift the government's borrowing limit could risk a potentially disastrous loss of confidence, giving further impetus to the latest round of deficit-reduction talks by top lawmakers.
Jun 14, 2011

California judge sides with Rambus on shredding

Rambus successfully fended off an attempt by opponents in an upcoming $4.38 billion antitrust trial to use a recent negative court ruling over document shredding against the chipmaker.
Jun 14, 2011

Google shows features to speed up Web searches

Google Inc unveiled new features and technology to speed up Web searches and to make it easier for people to use its flagship search engine as they increasingly access the Internet from handheld mobile devices.
Jun 14, 2011

Yemeni blogger seeks Swedish asylum after threats

A Yemeni blogger said on Tuesday she has applied for political asylum in Sweden after receiving death threats for her criticism of President Ali Abdullah Saleh and fears growing violence in her homeland.
Jun 14, 2011

Citi looking for Manhattan office space: sources

Citigroup Inc is in the early stages of looking for about 1 million square feet of office space in Manhattan and considering space at the World Trade Center site and at the Hudson Yards, according to two people familiar with the matter.
Jun 14, 2011

Several people tipped Barai fund: U.S. insider trial

About eight people besides a Taiwan-born technology consultant who is on trial for insider trading provided stock tips to Barai Capital Management, a former employee of the hedge fund testified on Tuesday.
Jun 14, 2011

Staying Positive with Jesse Eisenberg Video

Staying Positive with Jesse Eisenberg, the newest addition to the comedy video Web site Funny Or Die, is the show every tween girl needs, according to the Huffington Post.
Jun 14, 2011

SummerStage shows soul in New York

The 2011 SummerStage keeps the tradition going, as it marks its 26th year in the celebration of outdoor musical and theater performances.
Jun 14, 2011

Exclusive: Terrestar nears $1.2 billion-plus bid pact: sources

Bankrupt telecommunications company Terrestar Networks Inc is nearing a minimum bid agreement of $1.2 billion to $1.4 billion and is likely to go with an offer from billionaire Charlie Ergen, chairman of Dish Network Corp , according to sources with direct knowledge of the situation.
Jun 14, 2011

Apple's head of retail to become Penney CEO

Department store chain J.C. Penney Co Inc is bringing in the man who oversaw Apple Inc's wildly successful foray into bricks and mortar stores as its new chief executive, news that sent Penney shares up 17 percent.
Jun 14, 2011

Old surgeon escaped small plane crash

Antenor Velazco, a 63-year-old orthopedic surgeon on his way to obtain his pilot license, barely eloped from his plane before it exploded into flames Tuesday afternoon.
Jun 14, 2011

Consumers spend less, recovery seen on horizon

Consumers have not pulled back aggressively despite the recent slowdown in the economy, retail sales data showed on Tuesday, and falling gasoline prices should support growth in the months ahead.
Jun 14, 2011

Bernanke warns of crisis if debt limit not raised

Federal Reserve Chairman Ben Bernanke warned on Tuesday that a failure to lift the government's $14.3 trillion debt ceiling risks a potentially disastrous loss of confidence in America's creditworthiness.
Jun 14, 2011

Duo robbed and shot Dekalb cop

An off-duty police officer was shot in the buttocks during a robbery at an apartment complex in Stone Mountain.
Jun 14, 2011

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