IBT Staff Reporter

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Kuwait arrests man over Twitter posts: source

Kuwait has arrested a Kuwaiti Shi'ite Muslim man for publishing criticism of the ruling families in Bahrain and Saudi Arabia on social media site Twitter, a security source said on Saturday.

Iran says Saudi crude increase will not change market

An increase in crude output by Saudi Arabia will not change market conditions as demand is for lighter oil than it provides, Iran's OPEC governor was on Saturday quoted as saying, reiterating Tehran's stance that there is no need to boost production.

Wind Eases, Aiding Major Arizona Firefight

Firefighters in eastern Arizona took advantage of weather conditions on Friday to mitigate damage by the massive Wallow Fire which has mostly charred more than about 638 square miles by carrying out burnout operations to get rid of extra fuel surrounding a pair of towns with thousands of homes.

Goldman joins disclosure fight over Lehman claims

Goldman Sachs Group Inc and other banks fighting for control of Lehman Brothers Holdings Inc's bankruptcy have joined efforts to avoid sharing information about claims against the failed investment bank.

Troubling signs point to more losses

Don't be surprised if Wall Street racks up a seventh consecutive week of losses as the likelihood of more poor economic data and other disconcerting signals outweigh any thoughts that stocks are cheap.

India neutral over Carstens for IMF top job

Mexico's central bank chief Agustin Carstens on Friday said India had not committed to support his candidacy as head of the IMF, as officials in the Asian nation said they would make their choice later in June.

RIM investor seeks change; PlayBook going global

An investor in Research In Motion wants a shareholder vote on whether the company's two leaders can retain shared roles as chairmen of the board and chief executives, in the latest headwind to hit the BlackBerry maker ahead of next week's results.

Spain arrests Anonymous members over Sony attack

Spanish police arrested three men suspected to be members of the hacker group Anonymous on Friday, charging them with organizing cyber attacks against the websites of Sony Corp, banks and governments -- but not the recent massive hacking of PlayStation gamers.

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