IBT Staff Reporter

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Credit card executives see sunny days ahead

MIAMI BEACH, Florida For the first time in years, U.S. credit card executives are looking beyond the losses of the financial crisis -- and they're even losing less sleep over the prospect of tighter government oversight.

Sony suffers second major user data theft

Sony disclosed on Monday hackers had stolen the names, addresses and passwords of nearly 25 million more users than previously known less than a day after the Japanese company apologized for one of the worst break-ins in Internet history.

Credit standards easing, loan demand up: Fed survey

Small businesses and consumers were wary about taking advantage of easier credit in the first quarter, but loan demand among large firms grew, the Federal Reserve said in a report on Monday that showed credit markets thawing unevenly.

Greenlight Capital invests in Yahoo

Greenlight Capital, the hedge fund run by investor David Einhorn, acquired a significant long position in Yahoo Inc during the first quarter, citing Yahoo's most valuable asset as its stake in China's Alibaba Group.

Nortel gets court nods for Google's stalking horse

Nortel Networks Corp, the fallen Canadian telecom giant, said it had received court approvals for the stalking horse bid made by a unit of Google Inc for its portfolio of technology patents for $900 million.

Lawyer to money manager Ken Starr pleads guilty

A former lawyer for a large U.S. law firm pleaded guilty on Monday to conspiring to launder almost $19 million for his onetime client Kenneth Starr, a money manager known for representing celebrities.

Nasdaq to go hostile with NYSE bid

Nasdaq OMX Group and IntercontinentalExchange Inc will take their takeover bid for NYSE Euronext straight to the Big Board's shareholders as they try to corner the company into talks.

Crisis-hit Saab finds funds, hopes to start output

Ailing car maker Saab has lined up almost 60 million euros ($88.9 million) in funds to restart production after a month of stoppages and has reached a deal with a Chinese partner, Dutch owner Spyker said on Monday.

Sony unit shuts down service after April break-in

Sony Online Entertainment has temporarily shut down its online games service and its Facebook games after discovering the April break-in that led to the theft of 77 million user accounts also affected its system.

Fed survey: credit standards easing, loan demand up

Small businesses and consumers were wary about taking advantage of easier credit in the first quarter, but loan demand among large firms grew, the Federal Reserve said in a report on Monday that showed credit markets thawing unevenly.

Factories hold up despite slower growth

Business at U.S. manufacturers grew a bit more slowly for a second straight month in April but their costs rose to the highest level in nearly three years, an industry report showed on Monday.

RIM launches new BlackBerry Bold smartphone

Research In Motion showed off a new version of its BlackBerry Bold phone with upgraded software on Monday, aiming to regain its stride after last week's profit warning and other recent stumbles.

Nasdaq and ICE going hostile in bid for NYSE

Nasdaq OMX Group and IntercontinentalExchange Inc will take their $11.1 billion takeover bid for NYSE Euronext straight to the exchange operator's shareholders with a tender offer.

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