IBT Staff Reporter

75331-75360 (out of 154943)

Cisco CEO warns tough decisions ahead

Cisco Inc Chief Executive John Chambers, days after admitting that the company he has led for 16 years had lost its way, warned of competitive pressures, depressed public sector spending and tough decisions that lay ahead.

Shutdown Looms: Reid Says Abortion, Environment Hold Up Deal

A dispute on federal funding for abortions and restraining an environmental agency's actions may be the insurmountable sticking points that trigger a government shutdown as lawmakers struggle to reach a deal to fund the government for the rest of the fiscal year.

U.S. seeks tax client data from HSBC India

The U.S. Department of Justice is seeking records about American clients of HSBC in India who might be evading taxes, broadening the government's probe of banks suspected of helping tax dodgers.

Congress makes late push for budget deal

With time running out, an ideological battle flared in the Congress over abortion and environmental issues Thursday as negotiators launched a late push to avert a looming government shutdown.

Oil rises to 2-1/2 high on Mideast turmoil

Oil prices ended at 2-1/2-year highs on Thursday as supply worries tied to fighting in Libya and Middle East turmoil overshadowed demand concerns spurred by a boost in euro zone interest rates and as a major aftershock struck Japan.

Cisco CEO vows to double-down on video

Cisco Inc CEO John Chambers, days after admitting the company he has led for 16 years had lost its way, acknowledged challenges remain in its core business of networking while vowing to double down on video.

Google-ITA decision may be just days away: source

The Justice Department is close to a deal that would allow Google Inc to buy an airline ticketing software company while requiring that the software remain available to Google rivals, according to a source close to the deal.

Mood sours as Congress seeks budget deal

With time running out, an ideological battle over abortion and environmental issues threatened on Thursday to scuttle a congressional deal to avert a looming government shutdown.

Markets fall after Japan aftershock

U.S. stocks fell on Thursday after Japan suffered a major aftershock, which caused injuries and renewed concerns about industrial supply disruptions and nuclear power.

No Budget Deal after Latest White House Meeting

House Speaker John Boehner and Senate Majority leader Harry Reid expressed disappointment on Thursday after a third round of talks on the federal budget failed to avert a shutdown of the government that would put hundreds of thousands of workers on leave.

FCC mandates wireless data roaming

U.S. regulators on Thursday adopted data roaming rules that would allow smartphones to access the Internet in areas across the country not covered by their wireless carrier.

Special report: How News Corp got lost in Myspace

As Rupert Murdoch stepped into the Grand Ballroom of San Francisco's Palace Hotel at the Web 2.0 conference in October 2007, the developers and engineers who packed the room fell into a respectful hush. It was the sort of greeting usually reserved for one of their own tech heroes, not a 76-year-old media mogul.

More signs of Fed discord on rate policy

Two top Federal Reserve officials offered conflicting views on interest rates on Thursday, one arguing they should stay low for a long time and another saying a rate hike could be in the cards this year.

House, Senate Harden Stances as Shutdown Nears

House Speaker John Boehner and Senate Majority Leader Harry Reid on Thursday hardened their public stances on negotiating a budget and policy deal to avert a shutdown of the federal government ahead of a third meeting on the matter with President Barack Obama.

HTC Market Cap Surpasses Nokia

HTC, the Taiwanese phone maker, surpassed Nokia in market capitalization yesterday, putting it in the ranks of the largest mobile phone makers in the world.

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