IBT Staff Reporter

71941-71970 (out of 154943)

Borders Group in talks for deal: source

Bankrupt bookseller Borders Group Inc said it has received indications of third-party interest for its business that could keep it running as a going concern, a source close to the matter told Reuters.

Bankruptcy judge OKs Innkeepers $1.12 billion sale

Innkeepers USA Trust, the bankrupt manager of more than 70 hotels, gained court approval on Friday of a plan to sell most of its properties to Cerberus Capital Management and Chatham Lodging Trust for $1.12 billion.

U.S. court finds against Rambus, shares plunge

A U.S. appeals court found memory chip designer Rambus Inc was wrong to shred hundreds of boxes of documents relevant in two patent infringement lawsuits it filed, sending its shares down sharply.

Feds Allege Google Profited from Illegal Drugs

Online pharmacies selling counterfeit drugs or not requiring prescriptions advertised on Google. Google allowed it to continue and now is setting aside $500 million to ward off criminal charges by settling.

Osama planned to kill Obama during 2012 elections

U.S. President Barack Obama managed to eliminate Al Qaeda leader Osama bin Laden at an appropriate moment because Obama was reportedly on bin Laden's hit list and would have been assassinated during the 2012 presidential elections, according to U.S. intelligence.

Ford's Mulally makes $1.7 million on stock option

Ford Motor Co Chief Executive Alan Mulally made about $1.7 million through a stock option that kicked in after Ford shares traded above $15 a share for 30 straight days, the automaker said on Friday.

United Technologies in $1 billion U.S. engine deal

United Technologies Corp's Pratt & Whitney unit has won U.S. Navy contract updates totaling about $1 billion to provide engines for the multi-national F-35 fighter jet program, the Pentagon said on Friday.

Inflation hits 2-1/2 year high, seen peaking

Gasoline and food prices hoisted U.S. inflation to a 2-1/2-year high in April, but there was little sign of a broader pick-up in consumer prices that would trouble the Federal Reserve.

Sony yet to fully secure its networks: expert

Sony Corp's computer networks remain vulnerable to attack three weeks after the company learned that it had been victim of one of the biggest data breaches in history, according to an Internet security expert.

Frito-Lay sued over alleged metal objects in chips

A woman has filed suit against Frito-Lay and Costco for at least $50,000, charging that the Ruffles potato chips she ate contained some objects such as straight pins or needles that led her into surgery.

Manager of defunct hedge fund accused of fraud

A former hedge fund manager has been charged with defrauding investors in a federal indictment on Friday, nearly two years after the fund collapsed under the weight of failed real estate loans.

Manager of defunct U.S. hedge fund accused of fraud

A former hedge fund manager has been charged with defrauding investors of at least $12.6 million in a federal indictment on Friday, nearly two years after the fund collapsed under the weight of failed real estate loans.

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