IBT Staff Reporter

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Rolls in costly A350 engine redesign: sources

Rolls-Royce is set to build a new engine to beef up the A350 jetliner being developed by Airbus in a costly rethink of strategy for Europe's most ambitious new plane project, industry sources said on Monday.

TransCanada restarting Keystone oil pipeline

TransCanada Corp was restoring operations on Sunday along the Keystone crude oil pipeline, one week after it was shut by a leak at a Kansas pumping station, a company spokesman said.

Apple Hires Mobile Notifier Developer

Apple has hired Peter Hajas, the person behind Mobile Notifier, in what some observers believe is the potential beginning of an advanced notification system for the company's iOS based devices.

Diamond says will withdraw as Fed nominee

Nobel Prize winner Peter Diamond said on Sunday he planned to withdraw as a nominee for Federal Reserve governor, after his nomination was repeatedly attacked by Republicans.

Weiner Out At Israel Day Parade

Spectators and elected officials alike called it a 'shonda' that Representative Anthony Weiner would skip out on the Israel Day parade due to a lewd photo scandal that continues to plague him.

For Edwards, A Prison Sentence Was the Dealbreaker

Federal prosecutors were looking to make a deal with former Senator John Edwards; they would accept his plea of guilty to three misdemeanor campaign finance violations allowing him to avoid a felony conviction and the ability to keep his law license.

Los Angeles teachers accept pay cuts

The majority of members that are part of the Los Angeles teachers unions voted for temporary salary reduction in order to spare over five thousand jobs.

Greece to tackle austerity plan to win new bailout

Greece's cabinet is about to consider an economic plan imposing yet more austerity on an angry population, as the price of a second bailout partly funded by European taxpayers who have yet to be told the final cost.

Israeli forces kill 18 protesters: Syrian TV

Israeli troops fired at Palestinian demonstrators in Syria who rushed to the border fence on Sunday in what Israel called a challenge to its sovereignty. Syrian state-run media said 18 were killed.

Egypt seals $3 billion IMF accord

The International Monetary Fund agreed to a $3 billion financing deal with Egypt on Sunday and praised the policies of an interim government struggling to stabilize the economy after the popular uprising.

Saudi to push OPEC to lift oil output, cut prices

Gulf Arab OPEC members led by Saudi Arabia will push for an increase in supplies at a meeting of the oil cartel this week in an effort to support flagging world economic growth by bringing crude prices back below $100 a barrel.

Iraq seeks bank head's arrest, denies witchhunt

Iraqi authorities have issued an arrest warrant for the head of one of the nation's biggest banks, which is under investigation for alleged irregularities, a government source and the bank's lawyer said on Sunday.

Federer-Nadal rivalry's top three matches

This hot rivalry between tennis greats might be unmatched in any other sport. Here's a look at how the rivalry got started, and three of the best matches it has produced.

Canucks lead 2-0: Burrows scores second quickest OT goal in Stanley Cup history (Photos)

Vancouver Canucks forward Alex Burrows scored the winning goal in overtime to give his team a 2-0 series lead over the Boston Bruins, all in 11 seconds. The speedy forward skated past the Bruins defense off of the first faceoff, then circled behind the net for the wraparound goal in the 3-2 victory. The goal was the second quickest overtime goal in Stanley Cup Finals history. The quickest was scored in 9 seconds by Montreal's Brian Skrudland in 1986.

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