IBT Staff Reporter

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Swedish firm starts using Russian satnav

A Swedish firm has become the first known foreign company to use Russian positioning technology GLONASS, in a sign that the system could become a credible challenge to established U.S. rival GPS.

Adventurer Murray says in running for Glencore chair

Simon Murray, the South Pole adventurer and former Vodafone Group Plc board member, told Reuters on Monday that he's in the running for the chairman role at Glencore International AG, the commodities trading giant planning a roughly $10 billion dual listing in London and Hong Kong.

U.S. House Budget Plans Would Jeopardize National Scientific Research Facilities (FULL TEXT)

It is important that the United States begin to live within its means and address the federal deficit. But the American Physical Society (APS) believes that as a nation we need to be smart about how we do it. Cutting spending across the board without a clear understanding of what it means for America's future jeopardizes the very future we want to secure for our children.

In Pulse introduces ‘smart watch’

In Pulse, a Y Combinator-backed startup, has introduced a wrist watch that has computing and phone operations. The bluetooth-enabled watch can also display all email alerts, SMS messages.

Toshiba also gets into the tablet battle

Toshiba has put a “coming soon” on its website detailing the features of the new tablet it is goin to launch. The market is getting over crowded with players like Motorola, Samsung, Acer with Apple as the king ruling them. Acer is to launch its tablet, Iconia, on 24 April.

Endo Pharma to buy American Medical Systems for $30/shr

Endo Pharmaceuticals (Nasdaq: ENDP) announced an agreement to acquire American Medical Systems (AMS) (Nasdaq: AMMD), a maker of medical devices to treat pelvic conditions, for $30 per share or $2.9 billion in cash, to boost its core urology franchise.

Bahrain to question activist over Twitter posts

Bahrain accused a prominent activist on Monday of publishing fabricated images on the Internet and summoned him for questioning in an ongoing crackdown following pro-democracy protests the state put down by force. The official Bahrain News Agency said Nabeel Rajab, head of the Bahrain Center for Human Rights, had published doctored images with links to social media site Twitter of one of two men ...

Sharp suspends two TV panel plants as demand tumbles

Sharp Corp has suspended production at two Japanese liquid crystal display panel plants until early May as it confronts slumping domestic demand for televisions and shortages of a gas used in panel production, the company said on Monday.

US Businessman Kroenke to takeover Arsenal

Arsenal stakeholder Stan Kroenke is set to takeover the club after it was confirmed that he had increased his stake to 62.89% and will make the mandatory offer in an attempt to acquire the remaining shares in the club.

Massive US pumps shipped to damaged Japan nuclear plant

Two of the world's largest concrete pumps - normally used for concrete in construction projects - departed from the United States on Saturday morning to Japan's Fukushima Daiichi plant to help contain the damaged nuclear reactors there.

Cepheid's bacteria infection test gets FDA OK

The U.S. Food and Drug Administration (FDA) has approved molecular diagnostics company Cepheid (NASDAQ: CPHD)'s test designed to detect the toxin associated with a common bacterial infection that can cause diarrhea and other serious intestinal conditions and death in severe cases.

UK banks urged to protect retail arms

Britain's top banks should shield their retail operations from riskier investment banking activities and hold more capital to protect taxpayers in the event of another financial crisis, a report said.

Toyota, Microsoft to build platform for Telematics

Japanese auto major Toyota Motor Corp and technology giant Microsoft Corp plan to build a global platform for TMC's next-generation telematics services using the Windows Azure platform, the carmaker said in a statement.

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