IBT Staff Reporter

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Cut Your Taxes By Half!

Rental real estate can generate non-cash losses through depreciation of its building and improvements as well as accruing interest on mortgages it may have. If the property is owned by a limited partnership these losses are passed through to the individual partners in the partnership on their K-1.

Microsoft's mobile software gets HTC, ZTE lift

Microsoft's new Windows Phone platform won instant support from major manufacturers on Wednesday when China's ZTE and Taiwan's HTC Corp pledged to launch smartphones running the software.

Oil rises after U.S. inventory report

Oil turned higher on Wednesday with Brent crude climbing above $113 a barrel after weekly U.S. government inventory figures an unexpected draw in stocks of distillates, which include heating oil and diesel

ZTE to launch LTE devices, Microsoft Mango

ZTE Corp, China's No.2 network equipment maker, plans to launch LTE devices in the United States along with smartphones based on Microsoft's Mango operating system to expand its U.S. footprint.

Top ten Oprah moments

From car giveaways to coming-out revelations, some of the most memorable moments on television over the last 25 years have been on The Oprah Winfrey Show. Here are the top 10.

Greece's 100 billion-euro shadow over banks

LONDON, May 25 - European banks remain saddled with almost 100 billion euros of Greek government debt they can't sell, hedge or ignore, after a number of recent deals to offload the exposure to reduce the impact of a possible default ended in failure, according to bankers involved.

Durable orders slump in April on autos, aircraft

New orders for long-lasting U.S. manufactured goods recorded their largest decline in six months in April as aircraft and motor vehicle bookings tumbled, indicating the economy remained stuck in a soft patch.

Diageo to split region to focus on growth

British spirits giant Diageo is to split up its international region into Africa and Latin America in a policy to focus more resources on fast growing emerging markets and away from some mature markets.

What happened to the San Diego Family?

According to the San Diego Police Department, some evidences suggested a murder-suicide instead of murder. The note written by the father was found in the house, which explained about financial crisis and the way to share the family's property. The police department presumes that the husband killed both his wife and two daughters and committed suicide after.

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