IBT Staff Reporter

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Japan mulls Tokyo Electric nationalization

Japan may nationalize Tokyo Electric Power <9501.T> as mounting costs and public anger threaten the future of the company at the center of the country's deepening nuclear crisis.

Amazon launches cloud music player

Amazon.com Inc has launched an online service that would enable its customers to securely store music in the cloud and play it on any Android phone, Android tablet, Mac or PC, wherever they are.

China set to overtake US in scientific research output

China's share of global authorship went up from 4.4% to 10.2% between the periods studied, taking the country from sixth to second position globally. Whether it can match quantity with quality, however, remains to be seen.

Brent falls 3rd day as Libyan rebels advance

Brent crude fell for a third day running on Tuesday as Libyan rebels gained ground against embattled leader Muammar Gaddafi, boosting expectations that supplies from the nation may be restored quicker than expected.

Global stocks rebound on bargain-hunting

Global stocks rebounded on Tuesday from early losses tied to Japan's struggle to contain the world's worst nuclear crisis in decades, while the euro steadied after comments by the European Central Bank's chief bolstered the view it would raise interest rates soon.

Brent falls third day as Libyan rebels advance

Brent crude fell for a third day running on Tuesday as Libyan rebels gained ground against embattled leader Muammar Gaddafi, boosting expectations supplies from the nation may be restored quicker than expected.

News Corp in talks with Vevo on Myspace: source

News Corp has held talks to give control of Myspace to the music label-owned video site Vevo.com, but the likelihood of a deal being reached was slim, a person with knowledge of the talks said.

Tribune creditors propose revised bankruptcy plan

Tribune Co bondholders led by hedge fund Aurelius Capital Management on Monday filed a revised bankruptcy reorganization plan for the media company, hoping to overcome objections by senior creditors.

Rajaratnam brother removed Galleon records: filings

A former Galleon Group trader contends he saw a brother of accused hedge fund founder Raj Rajaratnam remove notebooks from their office on the day of Rajaratnam's October 2009 arrest, according to trial documents.

Obama: Middle East Change Cannot Be Turned Back

President Barack Obama spoke to the nation on Monday about the situation in Libya, saying the NATO alliance of nation to which the United States belongs will take over command on Wednesday and adding that the wider changes arising from popular outcry in the Middle East cannot be changed back.

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