IBT Staff Reporter

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Exclusive: Arcadia may have rigged Yemen oil exports: cable

Oil trading firm Arcadia Petroleum, sued by regulators last week for allegedly manipulating U.S. oil prices, used hardball tactics in Yemen to buy the country's oil exports at below market prices, until authorities revamped their sales process to break the trading house's long-standing monopoly, according to a confidential State Department cable.

Alibaba's Ma offers Yahoo some advice: break up

Alibaba founder Jack Ma didn't shed new light on his negotiations with Yahoo Inc and Softbank during an appearance at a conference on Wednesday, but he did offer some unexpected advice for Yahoo.

Numerous Gmail Accounts Hijacked via Spear Phishing

Google said that Gmail email accounts in United States and Asia have been penetrated by hackers who stole the passwords through a phishing scam. Many of the accounts broken belonged to senior US government officials Chinese political activists, military personnel, and journalists.

Google has no agreement yet to digitize books

Google Inc has yet to agree with authors and publishers on a legal plan to create the world's largest digital library, and a federal judge who struck down an earlier accord gave it another seven weeks to try.

Samsung files LCD patent suit against AU Optronics

Samsung Electronics Co said on Thursday it had filed a complaint with the U.S. International Trade Commission against Taiwan's AU Optronics Corp and some of its customers for importing and selling flat-screen devices that it says infringe a number of its patents.

Jobs, factory slowdown pile on recovery fears

U.S. companies hired far fewer workers than expected in May and output in the manufacturing sector slowed to its lowest level since 2009, adding to concerns that the U.S. recovery is running out of steam.

Obama agrees to candid photos

President Obama and The White House have agreed to let a single news photographer capture candid pictures during presidential speeches.

Cellphone study raises profile on safety lawsuits

The Supreme Court is considering the fate of litigation against cellphone makers over safety risks, just as the industry comes under more scrutiny in the wake of a health report from the World Health Organization.

Shaq to Retire with Fewer Rings than Kobe

Shaquille O'Neal, 39, and arguably the most dominant center to ever play the game of basketball has announced that he will be retiring from the NBA via his Twitter page ending his 19 year career.

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