IBT Staff Reporter

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More From IBT Staff Reporter

Fed: U.S. default a huge risk; Fitch may slash rating

A U.S. default is the biggest risk facing the global economy, a top Federal Reserve official said just hours after Fitch Ratings warned it could slash U.S. credit ratings if the government delays bond payments.
Jun 08, 2011

Senators seek crackdown on Bitcoin currency

ST. LOUIS - Two senators are pressing federal authorities to crack down on an online black market and untraceable digital currency known as Bitcoins after reports that they are used to buy illegal drugs anonymously.
Jun 08, 2011

Gas prices, economy hit McDonald's May sales

McDonald's Corp reported a lower-than-expected rise in May sales at established restaurants as high gasoline prices crimped U.S. spending and Europe's economic woes weakened results from Germany.
Jun 08, 2011

Biggest Solar Flare Brightens Up [PHOTOS]

The biggest solar flare in four years erupted from the sun on Tuesday and is heading towards Earth in an event that could disrupt power grids and satellites.
Jun 08, 2011

Super 8 opening one day early in Twitter promo

Amid rumblings about its low-key marketing campaign, Super 8 will come out in movie theaters one day ahead of schedule on Thursday as part of a promotional campaign targeted at Twitter users.
Jun 08, 2011

L.A's Traffic Cameras to be shut down?

Los Angeles Police Commission voted unanimously Tuesday to shut down red-light traffic cameras at 32 intersections, saying it costs too much and doesn't reduce safety.
Jun 08, 2011

Apple iOS 5 easily jailbroken, mounting security woe

Apple's new iOS 5 operating system was not to be released for iPhone, iPad and iPod touch until 2011 fall. But apparently a backdoor was left open, where one eager beaver from Turkey has figured out how to install iOS 5 without a developer account.
Jun 08, 2011

Arizona's Massive Wallow Fire Expands Unchecked, Quickly

The Wallow Fire along Arizona's eastern border forests has grown quickly and unchecked on Wednesday as the latest official area measurements show fast expansion of what is currently the 2nd largest fire in the state's history.
Jun 08, 2011

Top 5 Summer Diets of 2011

Everyone is tired of dieting without getting the results. Here are some top diets that have always worked for both men and women.
Jun 08, 2011

Gold Prices and Deflation

Gold Prices go up when cash and bonds fail to beat inflation. It was true in the 1970s, and it's been true again in the last decade. But now, from here, what will Gold Prices do?
Jun 08, 2011

iTunes hack faces swelling complaints, casting shadow on iCloud

Will iCloud be dissipated by the coming storm of hackers?Numerous users have reported their iTunes accounts were hacked, blaming a Sega app called Kingdom Conquest for removing funds, and some users had never downloaded the game. Other apps were blamed for draining accounts too.
Jun 08, 2011

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