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
Zynga said to favor small IPO float: report
Zynga Inc, which is preparing for an initial public offering, is said to favor selling just a small part of itself in its IPO, according to a report in Bloomberg.
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
Fahion on T.V.: Best shows about fashion
Fashion magazines and blogs not satisfying your fashion craving? Watching some T.V.
Jun 08, 2011
VIDEO: Spectacular solar flare could result in Northern Lights over NYC
New Yorkers may or may not get to see the Northern Lights in the Big Apple's skies tonight or tomorrow night, but the solar flare that is increasing auroral activity has already produced some breathtaking images, as this video shows.
Jun 08, 2011
Atlanta Ozone levels unhealthy for children, elderly, and people with heart or lung disease
As Atlanta faces possible new federal regulations on smog limits, smog levels continue to rise in Atlanta as the constant temperatures in the 90s reflect the heat of the summer rolling in.
Jun 08, 2011
Apple Proposes New Campus Headquarters in Cupertino that looks like Spaceship
Apple has proposed a new headquarters that is a perfect circle, four stories tall and houses 12,000 workers. Gone are the parking lots and taken underground, and more trees for freshness.
Jun 08, 2011
Sylmar man runs over own father, kills him
A 26-year-old man has been arrested after he intentionally ran over his own father with an SUV, according to police.
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
Meredith Vieira Leaves 'Today' Show [PHOTOS]
After 5 years Vieira says 'goodbye' to 'Today.'
Jun 08, 2011
Sleep for Free! Hospitality Exchange & Alternatives to the Hotel
Everyday, more people are eschewing traditional lodging for a different travel experience. Find out which companies are linking up individuals for free or low-cost accommodation.
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
Fitch: U.S. Treasuries could be rated junk in August
U.S. Treasury bonds, seen worldwide as the risk-free investment, could be labeled junk if the government misses debt payments by August 15, credit agency Fitch Ratings warned on Wednesday.
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
Beer and Facebook don't mix, says SEC
It was a takeover attempt that fizzed out.
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
Best Colleges for fashion
Do you think you have what it takes to be the next Donna Karan or Rachel Zoe?
Jun 08, 2011
Apple's Jobs shows off spaceship headquarters plan
Apple Inc plans to build a circular spaceship building in hometown Cupertino that will hold 12,000 employees -- and be the best office building in the world, Chief Executive Steve Jobs said.
Jun 08, 2011
California Needs to Slash 10,000 Inmates by November
California is at risk of violating the first court-ordered November to cut 10,000 inmates, but lawmakers must pass tax plan.
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
Will you watch 'The Human Centipede 2'? [Video]
The British Board of Film has denied the film to be shown in the United Kingdom, thus banning the film in the UK.
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
Fitch may cut U.S. to restricted default in August
The United States probably wouldn't be able to maintain its prized AAA sovereign ratings status if it suffered even a technical default on its debt, Fitch Ratings said on Wednesday.
Jun 08, 2011
US STOCKS-Wall St retreats for sixth day, S&P may test 1,250
U.S. stocks slipped for the sixth straight day on Wednesday after Federal Reserve Chairman Ben Bernanke's assessment of the economy kept investors worried about the recovery.
Jun 08, 2011
Watch the Northern Lights from the Empire State Building?
Because the Sun experienced the biggest solar flare in four years yesterday, New Yorkers may get to see the Northern Lights tonight or, possibly, tomorrow night.
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
Gold Bullion Price Falls with Stocks as Euro Faces 1st Default, Fed's Low-Rate Policy Will Push Gold Higher
The wholesale market price of Gold Bullion continued to fall Wednesday morning, hitting $1533 per ounce - a 0.6% loss on the week - while stocks and commodities fell and US Treasuries rose following a speech on Tuesday by Federal Reserve chairman Ben Bernanke.
Jun 08, 2011
Bin Laden's second-in-command releases eulogy for terrorist mastermind
Bin Laden's second-in-command, Egyptian-born Ayman al-Zawahri. delivered a video eulogy for Osama Bin Laden, posted on YouTube today.
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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