IBT Staff Reporter

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France could back Greek rollover if no credit event

France could back a private sector rollover of Greek debt as part of a new EU-IMF bailout if a voluntary formula can be found to avoid wider damage in euro zone markets, sources familiar with government thinking said.

Citi Credit Card Breach Risk Was Anticipated

Citigroup does not know how the computer breach revealed Thursday which affected hundreds of thousands of its credit card customers took place, but such an event fell in line with a risk the company outlined to shareholders in its publicly available annual report in March.

Usain Bolt good enough for Manchester United

The world's fastest man, Usain Bolt has suggested in his typical self-confident manner that he would make a good player for current Premier League champions Manchester United, after he retires from athletics.

NY Giants hold bigger workouts at NJ high school

The bulk of the New York Giants football team gathered for workouts at Bergen Catholic High School, in Oradell, N.J. this week, defying the heat and the lockout. The players reportedly engaged in two hours of drills, sprints and some plays, though not at full speed.

Trade gap narrows as Japan imports tumble

The U.S. trade deficit narrowed unexpectedly in April, as U.S. exports rose to a new record and imports from Japan tumbled more than 25 percent in the aftermath of its earthquake, tsunami and nuclear disaster, a U.S. government report showed on Thursday.

A Look at Mars: Last photo from NASA's rover Spirit

NASA recently released the last image the rover Spirit captured on its mission to Mars, revealing a rocky, hilly landscape and a world that at one time likely had hot springs, a thick atmosphere, and a water cycle.

Jobless claims rise, trade gap narrows

The number of Americans filing new claims for unemployment aid unexpectedly edged higher last week, stoking fears of a stalled economic recovery even as a separate report showed record exports in April.

Fed's Plosser: Default debate political, not economic

The debate over whether the United States should stage a mini-debt default is largely a political one, although action must be taken on the country's fiscal situation, a top Federal Reserve official said on Thursday.

Visa inks deals for mobile payments push

VISA Inc said it will acquire South African firm Fundamo for $110 million, and announced a five-year agreement with UK-based Monitise Plc, as it looks to grow its new technology-enabled payments business.

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