More From IBT Staff Reporter
Swiss Jetman Zips Over Grand Canyon at 200 MPH (Video)
Fifty-one year old Swiss skydiver Yves Rossy, aka Jetman, defied gravity by flying over part of the Grand Canyon on a custom developed jetpowered backpack last Saturday. His flight stunt reached speeds near 200 miles per hour after launching off a helicopter at 8,000 feet. Rossy remained in flight for over eight minutes strapped to his carbon-fiber backpack equipped with turbine engines and a take that holds between four to eight gallons of kerosene. After running out of fuel, he descends by ...
May 13, 2011
Judge issues gag order for Twitter
A British judge has banned Twitter users from identifying a brain-damaged woman in one of the first attempts to prevent the messaging website from revealing sensitive information.
May 13, 2011
BATS files for IPO, as exchanges M&A intensifies
BATS Global Markets, the third-largest U.S. exchange operator, filed on Friday for an IPO amid a frenzy of consolidation across the industry, including the acquisition of bigger rival NYSE Euronext .
May 13, 2011
Huge 3.9 Feet Catfish Caught in Korea, Largest in River’s History [PHOTOS]
A huge 3.9-feet catfish has been caught in Gyeonggi-do, Korea. The fisherman, 59-year-old Soon-sik Park, caught it with a net he has set up in Imjin river. The catfish was the largest ever caught in that river.
May 13, 2011
Wall St falls on CPI, strategy turns defensive
U.S. stocks fell on Friday as data showed U.S. inflation hit the highest level in 2-1/2 years last month, making investors cautious.
May 13, 2011
Facebook Admits Hiring PR Company for Google Smear Campaign
After speculation of Facebook’s recent smear attempt against Google, it was confirmed that the largest social networking website hired PR firm Burson-Marstellar to plant stories attacking Google’s content publishing and privacy practices. The bitter rivalry is now in the open; Facebook acknowledged using a 3rd party to assist in the campaign.
May 13, 2011
Report: AT&T $6B In The Hole If T-Mobile Deal Fails
A report says if the deal with T-Mobile fails, AT&T will owe Deutsche Telekom $6 billion.
May 13, 2011
Sony PlayStation Network outage: What's at stake for Sony?
Hackers have dealt a serious blow to Sony's strategy to create an ecosystem of online content around its devices by bringing down its online game system PlayStation Network and Qriocity services.
May 13, 2011
Ashton Kutcher to replace Charlie Sheen in Two and a Half Men
After much speculation over who will replace troubled actor Charlie Sheen on Two and a Half Men, it was finally announced that Ashton Kutcher will take on the role.
May 13, 2011
AT&T wage lawsuit cannot proceed as class-action
AT&T Inc won a ruling from a Manhattan federal judge to decertify a class-action lawsuit by more than 4,100 workers who complained its mobile unit failed to properly pay wages and overtime.
May 13, 2011
Victoria's Secret What Is Sexy? Event [PHOTOS]
This marked the unveiling of the annual What Is Sexy? list at The Grove shopping center in Los Angeles.
May 13, 2011
TomTom sees fleet management services growth
TomTom, which provides fleet management systems to trucking firms, expects smaller rivals to go out of business in the fragmented sector in the next three to five years, an executive said on Friday.
May 13, 2011
Travelers warned not to rely only on GPS
Travelers in the western U.S. should not rely solely on technology such as GPS for navigation, authorities said, after a Canadian couple were lost in the Nevada wilderness for 48 days.
May 13, 2011
Schneider Electric in Tyco talks with PEs: report
Schneider Electric SA is in talks with private-equity firms about partnering on a $30 billion plus bid of Tyco International Ltd , less than a month after the French company had ruled out the takeover, the New York Post said citing sources.
May 13, 2011
Samsung Unveils Tablet With ‘Highest Display Possible’
Newest tablet from Samsung has a resolution of 2500 x 1600.
May 13, 2011
Ron Paul Running for President, 'Super impressed' with Grass Roots
Rep. Ron Paul of Texas, whose views on fiscal conservatism and strong views on smaller government resonate with the conservative movement which swept Republicans into office in 2010, on Friday announced he is running for U.S. President in the 2012 election, saying his grass root supporters were enthusiastic, 'more so than ever.'
May 13, 2011
Economists see softer growth, slow jobs rebound
Economists have become less optimistic about the U.S. growth outlook but slightly more upbeat about the job market, though employment is still seen recovering only slowly from a deep slump.
May 13, 2011
Exchange operator BATS Global files for IPO
BATS Global Markets Inc, the third-largest U.S. exchange operator after NYSE Euronext and NASDAQ OMX Group , filed with U.S. regulators for an initial public offering.
May 13, 2011
Glencore to close books early on $11 billion IPO
Commodities trader Glencore will close the books for its planned $11 billion initial public offering a day ahead of schedule, underscoring strong investor demand for its shares despite volatile commodity markets.
May 13, 2011
Wall Street edges down, eyes confidence data
Wall street edged down at the open on Friday after April U.S. inflation rose in line with expectations, helping investors reassess the recent volatility in the commodities market.
May 13, 2011
Alibaba says board told of Alipay deal in 2009
China's Alibaba Group said it told its board in July 2009 that it had transferred ownership of its online e-commerce business to Chief Executive Jack Ma, rejecting allegations by major shareholder Yahoo Inc that it had been blindsided by the deal.
May 13, 2011
Tweeting celebrities risk boring fans: survey
Celebrities who bombard fans with Twitter updates are likely to have shorter careers than those who maintain an aura of mystique, according to a survey.
May 13, 2011
Hosni Mubarak’s glamorous family: Wife, sons and daughters-in-law
A slideshow which gives a sneak peek into Hosni Mubarak's family.
May 13, 2011
What is the Mark Twain Prize for Humor
Will Ferrell is to receive the annual Mark Twain Prize for American Humor this fall. We take a deeper look into what the award is.
May 13, 2011
Gold Rallies As Analysts Predict Euro Strugglers Will Go Bust
The Dollar price of Gold on wholesale markets continued to rally Friday morning, rising as high as $1516 per ounce - less than 4% off this month's all-time high - before slipping back, while stock and commodity markets recovered some of Thursday's losses.
May 13, 2011
Google nears settlement over drugstore ads: report
Google Inc is close to settling a U.S. criminal probe into allegations that it made hundreds of millions of dollars from online pharmacy ads that break U.S. laws, the Wall Street Journal reported, citing people familiar with the matter.
May 13, 2011
It's official, Ashton Kutcher to replace Charlie Sheen on Two and a Half Men
After much speculation over who will replace troubled actor Charlie Sheen on Two and a Half Men, it was finally announced that Ashton Kutcher will take on the role.
May 13, 2011
A Mark Twain award for Will Ferrell, America's funniest man
Will Ferrell will be awarded with the Mark Twain prize for American Humor at the Kennedy Center in October.
May 13, 2011
Oil up more than $1 on European growth, dollar fall
Oil rose more than $1 on Friday, taking benchmark U.S. crude futures back above $100 per barrel, after much higher-than-expected growth in Germany and France and a rebound in the euro against the dollar.
May 13, 2011
Cisco braces for biggest layoffs in its history
Cisco Systems Inc is expected to cut thousands of jobs in possibly its worst-ever round of layoffs to meet Chief Executive John Chambers' goal of slashing costs by $1 billion.
May 13, 2011
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