IBT Staff Reporter

70231-70260 (out of 154947)

Pentagon F-35 review postponed until mid-June

A high-level Pentagon review of the Lockheed Martin Corp F-35 fighter program has been postponed from this week until June 14, three sources familiar with the scheduled meeting said on Friday.

Arsenic-Eating Bacteria Discoverer Faces Critics

In December, NASA held a press conference to announce that a bacteria discovered in a salty California lake appeared to use arsenic in its DNA. But the findings ran into criticism right from the start, and now the journal Science has published the critiques of the work, as well as a response from the team that did the original work.

Mobile Payment Systems Draw Interest from Banks, Retailers

Google took the wraps off of Google Wallet, its new mobile payment system, making the announcement on Thursday from the company's New York office. Mobile payment systems have drawn the interest of banks and retailers, and the industry is hoping consumers will adopt the systems as well.

Red light for Google Wallet: Sued by PayPal

Google Wallet is set to face tough time as PayPal has filed a lawsuit for stealing trade secrets, barely hours after Google officially launched Google Wallet and Google Offers services.

Fitch cuts Japan credit rating outlook to negative

Ratings agency Fitch on Friday cut its outlook on Japan's sovereign debt, warning that the vast cost of a March earthquake and tsunami and the still-unknown bill for the clean-up after the nuclear disaster would further strain the country's already shaky public finances.

Gasoline prices erode U.S. spending, incomes

The U.S. economy remained sluggish early in the second quarter with high gasoline prices crimping consumer spending and bad weather helping to push pending home sales to a seven-month low in April.

Bank of Ireland to unveil debt-for-equity swap

Bank of Ireland will unveil plans early next week for its junior bondholders to exchange 2.8 billion euros ($4 billion) in debt for shares in the bank, a source familiar with the process said on Friday.

North Korea's happiness index rank: China top, US bottom (Photos)

A Chinese media, Chaoxian.com.cn, has reported that North Korea's Chosun Central TV recently released the survey result of a 'Happiness Index (Gross National Happiness) of each nation' and according to the survey, China tops the ranking, followed by North Korea while the U.S is at the bottom, ranked 203.

North Korea's happiness index rank: China top, US bottom (Photos)

A Chinese media, Chaoxian.com.cn, has reported that North Korea's Chosun Central TV recently released the survey result of a 'Happiness Index (Gross National Happiness) of each nation' and according to the survey, China tops the ranking, followed by North Korea while the U.S is at the bottom, ranked 203.

U.S. lawsuit claims RIM misled investors

Lawyers for shareholders of Research In Motion have filed a class action lawsuit against the BlackBerry maker, claiming its executives misled investors about its prospects in recent months.

California may review AT&T/T-Mobile USA deal

California regulators may open a formal examination of AT&T Inc's proposed $39 billion purchase of T-Mobile USA, a move that could delay or add conditions to approval of the deal.

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