IBT Staff Reporter

74911-74940 (out of 154943)

Versace goes to Japan despite earthquake and tsunami

Earthquake and tsunamis could not keep Versace from Japan.After some delays due to the natural disasters, Versace will proceed with plans to open stores in Japan and add to its Asian income stream. The company already derives 30 percent of its income from China.

Cisco kills Flip camera in reorganization

Cisco Systems Inc will ditch its Flip video camera division as it overhauls its troubled consumer business, following chief John Chambers' recent admission that the company had lost its way.

McCain, Kerry introduce tough privacy bill

Senators John Kerry and John McCain introduced a tough new privacy bill on Tuesday that would require companies to give clear notice when consumers' data is being collected and to keep it safe from hackers.

Bank regulators propose swap rules

Energy companies, airlines and other end-users would be mostly exempt from having to put up costly collateral when using uncleared swaps to hedge their business risks, under a proposal issued by U.S. bank regulators on Tuesday.

Rights groups condemn Egypt blogger jail sentence

The sentencing of a blogger to jail for criticizing Egypt's army has drawn a chorus of objections from rights groups, who say the country's ruling military council is drawing red lines around free speech.

Company behind Priceline sues Internet heavies

Walker Digital, a research and development laboratory for technology patents, filed 15 lawsuits on Tuesday against more than 100 companies including Apple, Microsoft, eBay, Amazon and Google for unauthorized use of its intellectual property rights.

Renault CEO under pressure as lieutenant quits

The departure of Renault's number two executive over a spying-turned-fraud debacle heaps pressure on Chief Executive Carlos Ghosn when the carmaker is trying to win investor support for its growth plans.

ECB's Stark says rates very low, Bonello dovish

The European Central Bank's interest rates are very low and a scaling down of its support measures is warranted, a senior ECB policymaker said on Tuesday but another played down the risk from inflation.

BP's Rosneft deal in doubt after Sechin departure

BP's planned $18 billion share swap and Arctic exploration agreement with Russia's Rosneft was cast further into doubt on Tuesday after its chief backer Igor Sechin stood down as Rosneft chairman and sources said BP faced a new legal challenge.

U.S. auto sector needs to rethink itself: top VC exec

The recession and high gasoline prices offer the U.S. automotive industry a chance to reinvent itself as consumers inch toward acceptance of alternatives to the internal combustion engine, a top venture capitalist said on Tuesday.

VeriFone sees smartphones driving mobile payment wave

VeriFone Systems Inc, the largest U.S. maker of payment terminals, expects to ship well over 1 million 'near-field communications' -enabled systems this year, underlining growing momentum for a technology that allows shoppers to buy with little more than a wave of a smartphone.

March import price rise biggest in over 1-1/2 years

U.S. import prices rose more than expected in March to post their largest increase in more than 1-1/2 years, driven by a surge in imported petroleum costs and higher food prices, a government report showed on Tuesday.

OPEC keeps 2011 oil demand growth forecast steady

The Organization of the Petroleum Exporting Countries said it expects oil demand to grow by 1.4 million barrels per day this year, around steady on its previous forecast and also in line with IEA figures.

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