IBT Staff Reporter

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Divisions on global monetary reform exposed at China G20

Opposing views about how to reform the global monetary system were laid bare at a meeting of the top 20 economies on Thursday, with France setting out a bold agenda, China warning that change must be gradual and the United States saying the solution was simple.

Molycrop signs rare earth pact with Ames Lab

The rare earth minerals company Molycorp Inc has announced that it has entered into a cooperative research and development agreement with the U.S. Department of Energy's Ames Laboratory.

COLUMN: Warren Buffett's Very Tense Press Release

In a press release that has the air of a deposition, Warren Buffett explained on Wednesday about a top aide's resignation and a stock purchase. They are facts that he has vowed not to answer more questions about.

AT&T mega-merger tied to spectrum drought: Cicconi

U.S. government remedies to free up more U.S. airwaves for wireless services are not coming fast enough and were an important driver behind AT&T Inc's $39 billion bid to buy Deutsche Telekom AG's T-Mobile USA, an AT&T executive said on Wednesday.

Online retailers blast planned changes to EU rules

Proposed changes to European rules on product returns could cost online retailers 10 billion euros ($14 billion) a year, denting growth and leading to higher prices for consumers, an industry body warned on Thursday.

Black brokers lose bias suit against BofA/Merrill

Bank of America Corp won the dismissal of a bias lawsuit by black financial advisers at the former Merrill Lynch & Co who said they were paid lower bonuses than white counterparts to stay on when the companies merged.

GM expects robust Cruze sales due to converts

General Motors Co said on Wednesday its Chevrolet Cruze small car was on track to exceed 50,000 U.S. sales in the first quarter, aided by demand in markets usually dominated by imports.

Buffett's Top Executive Resigns After Stock Purchase

Berkshire Hathaway Chairman Warren Buffett said Wednesday that one of the top executives at his company, David Sokol, has resigned from the company, soon after learning that Sokol bought stock in a company he recommended to Buffett.

U.S. jury rejects Glaxo antitrust claims vs Abbott

A U.S. jury rejected GlaxoSmithKline's antitrust claims against Abbott Laboratories over allegations of unfair HIV drug pricing, after Britain's biggest drugmaker had asked for hundreds of millions in damages.

Missing Bronx zoo cobra sparks Twitter following

Any old cobra can hiss, but the one that tweets on Wednesday had more than 150,000 people following Twitter posts about her escape from New York City's Bronx Zoo, including top politicians and celebrities.

Qihoo 360 shares more than double in NYSE debut

The shares of Qihoo 360 Technology Co Ltd, China's third most-popular Internet company, soared in their debut on the New York Stock Exchange on Wednesday in an echo of the Chinese technology IPO euphoria of late 2010.

Top banker and regulator offer dueling agendas

Jamie Dimon and Elizabeth Warren, both power players in U.S. finance, used a high-profile U.S. Chamber of Commerce platform on Wednesday to advance opposing agendas in the debate over regulation reform.

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