More From IBT Staff Reporter
Android became clear smartphone leader in first quarter: Canalys
Google's Android platform rose to a dominant position in the smartphone market in the first quarter, research firm Canalys said on Wednesday, increasing its lead over struggling Nokia.
May 04, 2011
Intel unveils Ivy Bridge technology in mobile push
Intel Corp introduced a manufacturing process that crams more transistors onto silicon chips, a technology that will help it catch up in the red-hot tablet and smartphone market, the chipmaker said on Wednesday.
May 04, 2011
Glencore $11 billion IPO to make billionaires of bosses
Glencore Chief Executive Ivan Glasenberg could be worth $10 billion after the commodities trader makes its debut later this month in a record public offering valuing the commodities group at some $60 billion.
May 04, 2011
Wall Street declines for 3rd day; energy leads drop
U.S. stocks fell on Wednesday as investors took profits in energy and other top-performing sectors for a third day, casting doubt on how much longer the market's rally may continue.
May 04, 2011
Rajaratnam absence, jury change unsettles trial
The jury weighing the fate of hedge fund manager Raj Rajaratnam began deliberations anew on Wednesday after a juror was excused from the high-profile insider trading trial for medical reasons and replaced.
May 04, 2011
Sony waited two days after breach to contact FBI
Sony Corp waited two days after discovering data was stolen from its video game network before contacting law enforcement and did not meet with FBI officials until five days later.
May 04, 2011
'Osama Bin Laden's Hideout Compound' Google Maps 'Reviews' Flood In
Less than 24 hours after President Obama’s announcement of the Al Qaeda leader’s death, Google had marked down his compound in Abbottabad, Pakistan on their maps and thousands have since written ‘reviews’ for what Google named “Osama Bin Laden’s Hideout Compound.”
May 04, 2011
ICE CEO blasts NYSE's board, woos shareholders
IntercontinentalExchange Inc CEO Jeffrey Sprecher said on Wednesday NYSE Euronext's directors have effectively handed over the fate of the Big Board to its shareholders.
May 04, 2011
Portugal banks to get 12 billion euros under aid plan
Portugal's banks will get up to 12 billion euros ($17.8 billion) to recapitalize under a rescue plan, enabling them to rebuild their balance sheet strength gradually, an official source said.
May 04, 2011
Instant View: Private sector adds 179,000 jobs in April
U.S. private employers added 179,000 jobs in April, coming in shy of economists' expectations, a report by a payrolls processor showed on Wednesday.
May 04, 2011
Goldman lobbying hard to weaken Volcker rule
Goldman Sachs Group Inc has just a few more months to put its stamp on the Volcker rule, and it is not wasting any time.
May 04, 2011
AOL display advertising improves
NEW YORK AOL Inc is beginning to shows progress in display advertising revenue.
May 04, 2011
KKR earnings beat estimates, portfolio value up
Private equity firm KKR posted higher-than-expected quarterly earnings as the value of its private equity investments rose 6.5 percent and fee income increased, the company said on Wednesday.
May 04, 2011
Mars Space Gear Tested Out (PHOTOS)
NASA, European Space Agency test out some Mars space gear in Antarctica and Spain respectively.
May 04, 2011
Private sector adds 179,000 jobs in April
Private employers added 179,000 jobs in April, while payrolls for March were revised up modestly, a report by a payrolls processor showed on Wednesday.
May 04, 2011
Obama's popularity skyrockets after Osama's death
US President Barack Obama's approval ratings have surged by nine points following the death of Osama Bin Laden, according to The Washington Post/Pew Research Center and USA Today/Gallup Poll.
May 04, 2011
Osama bin Laden death photo release debate helping conspiracy theories
The raging debate over whether the death photos of Osama bin Laden should be released or not to quell rumors has unknowingly only managed to strengthen the voice of conspiracy theorists.
May 04, 2011
Time Warner tops expectations, ad sales surge
Time Warner Inc posted better-than-expected quarterly results on Wednesday, with revenue rising 6 percent alongside a surge in advertising sales at its cable TV networks.
May 04, 2011
Jennifer Aniston puts Beverly Hills home on the market for $42 million
Jennifer Aniston puts home on the market for $42 million
May 04, 2011
Rajaratnam juror excused, jury begins anew
The jury weighing the fate of hedge fund manager Raj Rajaratnam began deliberations anew on Wednesday after a juror was excused for medical reasons and replaced by an alternate in the high-profile insider trading case.
May 04, 2011
Steelers' Mendenhall criticized for Tweets about bin Laden
Pittsburgh Steelers halfback Rashard Mendenhall remained a target of sharp criticism by Twitter users on Tuesday after he posted a message questioning whether news that al Qaeda leader Osama bin Laden was killed should be cheered.
May 04, 2011
Wall Street set for flat open as M&A offsets ADP
U.S. stocks were poised to open little changed on Wednesday as investors weighed a fresh round of proposed acquisitions against a weaker-than-expected employment report.
May 04, 2011
Marijuana Plants Growing Near Bin Laden's Compound; Aides Made Trips for Coke and Pepsi
Reporters discovered marijuana plants growing just outside Osama bin Laden’s million-dollar mansion in Abbottabad, northwestern Pakistan this week.
May 04, 2011
Kellogg profit misses as price rises lag costs
Kellogg Co reported a lower-than-expected quarterly profit, hurt by higher costs for ingredients and more spending on advertising, sending its shares down 1.6 percent on Wednesday.
May 04, 2011
Wall Street falls as data disappoints
U.S. stocks fell on Wednesday as disappointing economic data overshadowed enthusiasm over new merger activity.
May 04, 2011
Meet Alex Loudon, Pippa Middleton’s date to the royal wedding
Once the Royal Wedding between Prince William and Kate Middleton was over with, much of the attention shifted to Kate's sister, Pippa Middleton.
May 04, 2011
Rajaratnam juror leaves case, jury to start again
The jury in Galleon Group hedge fund founder Raj Rajaratnam's insider trading trial will have to start deliberations again after one juror was dismissed from the case for medical reasons, the presiding judge said on Wednesday.
May 04, 2011
Apple Still King Of App Stores; Now And In The Future
New research says Apple's app store is going to be king of the app market mountain for quite some time.
May 04, 2011
Silver Prices Sink into Bear Market, Gold Favored as Mexico Leads Central-Bank Accumulation
Gold sat tight as Silver Prices sank once more in London trade on Wednesday morning, holding above last night's 2-session low of $1528 per ounce while silver dropped to new 3-week lows, flirting with the technical definition of bear market.
May 04, 2011
The Suit Against Facebook Over The Use Of Children In Social Ads (FULL TEXT)
A copy of the complaint filed in the U.S. District Court for the Eastern District of New York against Facebook.
May 04, 2011
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