IBT Staff Reporter

68911-68940 (out of 154947)

Wall Street mostly flat to open

Stocks opened mostly flat on Wednesday, following five straight days of losses as investors continued to fret about the economic outlook.

Citigroup sells private equity assets to AXA unit

Citigroup has agreed to sell a portfolio of private equity assets to AXA Private Equity for $1.7 billion, the French insurer said on Wednesday, the latest move by the U.S. bank to unload non-core assets.

Apple WWDC 2011: iOS 5 leads iPhone 5’s assault on Android

iOS 5 the much anticipated major update to Apple’s mobile operating system, which was unveiled at Apple Worldwide Developers Conference (WWDC) 2011, boasts of beefy new features including News Stand, Reminders, iMessages and Delta Updates that will help the next generation (dubbed iPhone 5) steal a march over rival Android.

Orange sees more T-Mobile mergers as unlikely

France Telecom is unlikely to merge its mobile operations with those of Deutsche Telekom in other markets in the way it has done in Britain, the head of its European operations said on Wednesday.

McDonald's May same-store sales rise 3.1 percent

McDonald's Corp reported a 3.1 percent rise in May sales at established restaurants, but in the United States, the gains were more modest than expected and its shares fell 1.7 percent in premarket trading.

Sony's not so sorry revolutionary handheld PlayStation Vita

Sony presented the new revolutionary hand held game console called PlayStation Vita at E3 2011 in Los Angeles, CA. The unveiling took place moments after Sony CEO Jack Tretton gave a public 'I'm sorry' apology for the company's network hack that affected millions of users.

Google rolls out appointment slot for calendar

Google started with a new feature for Google Calendar users, which makes it easy to publish appointment on a public forum so that collaborators can pick and choose the convenient times for them.

Markets head into sixth day of losses

Stock index futures fell on Wednesday, pointing to a sixth day of losses in an enduring downtrend as investors worry about the bleak economic outlook and technical market indicators point to more weakness ahead.

McDonald's May sales rise 3.1 percent

McDonald's Corp reported a 3.1 percent rise in May sales at established restaurants, but in the United States, the gains were more modest than expected and its shares fell 1.7 percent in premarket trading.

NBA FINALS GAME 4: Mavs even the series with a feverish Nowitzki

The Mavericks' Dirk Nowitzki was fatigued and had a temperature of 101 degrees. A fever has drained his energy, yet he fought and led the Dallas Mavericks to a victory to even the series with Miami at 2-2. Nowitzi scored the game deciding layup for an 86-83 win with less than 20 seconds in the game. The driving layup was followed by Miami's Dwayne Wade dunk, but Dallas' Jason Terry closed out the win with two free throws.

Germany puts Greek restructuring back on table

Germany has put a Greek restructuring back on the table, demanding in a letter to its EU partners that private bond holders make a major contribution to a looming debt relief deal for the struggling euro zone member.

Airbus trails Boeing ahead of Paris air show

Europe's Airbus trailed U.S. rival Boeing in terms of plane orders in the first five months of the year as the companies gear up for their annual battle for customers at this month's Paris Air Show.

Global stocks slide, dollar dented by Bernanke

European stocks fell on Wednesday and the dollar dropped to a one-month low against the yen after U.S. Federal Reserve Chairman Ben Bernanke offered a grim view of the economy but failed to offer hints of fresh stimulus.

Merck ends trial of Intercell's MRSA vaccine

U.S. drugmaker Merck & Co is to discontinue a major trial of a key vaccine from Intercell designed to protect against serious hospital infections, the Austrian biotech firm said on Wednesday.

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