IBT Staff Reporter

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Home WiFi gives 30 percent slower connection: study

Download speeds for consumers using WiFi stations are on average 30 percent slower than they are for users of fixed connections, because of physical barriers and interference from devices like microwaves, a study showed on Thursday.

Ex-AIG CEO Greenberg: Judge in NY AG case biased

Maurice Hank Greenberg, the former American International Group Inc chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is biased.

Rio Tinto raises Riversdale bid to break stalemate

Global miner Rio Tinto raised its offer for Mozambique-focused coal miner Riversdale Mining to $3.9 billion to woo key shareholders who have held up the deal and gain control of coveted metallurgical coal assets.

Factbox: Ten largest U.S. private equity-backed IPOs

Hospital operator HCA is slated to become the largest-ever private equity-backed initial public offering. HCA is expected to raise $4.06 billion if it prices shares at the midpoint of the proposed range and underwriters exercise their overallotment option in full.

HCA IPO prices at $30, sells more shares: sources

HCA Holdings Inc, the biggest U.S. for-profit hospital chain, sold more shares than planned, at the high end of an expected price range, completing an initial public offering on Wednesday, sources briefed on the matter said.

AIG sets up plan to protect tax assets

Bailed-out insurer American International Group Inc set up a plan to protect tens of billions of dollars in valuable tax assets by discouraging investors from taking large new positions in the company.

SEC says its accounting problems stem from technology

A lack of investment in crucial technology systems is to blame for material weaknesses identified last year in the U.S. Securities and Exchange Commission's financial statements, top SEC officials said in testimony prepared for delivery to lawmakers on Thursday.

Microsoft sells 10 million Kinect devices

Microsoft Corp said on Wednesday it has sold more than 10 million Kinect motion-sensing game system units worldwide in just over four months, making it the fastest-selling consumer device on record.

HCA IPO expected to price at $30, oversubscribed

Shares of private equity-backed HCA Holdings Inc, the biggest U.S. for-profit hospital chain, are expected to price at $30 in an oversubscribed initial public offering on Wednesday, sources with direct knowledge of the situation said.

Chip sector losses hit Nasdaq; IBM supports Dow

A weak outlook from Texas Instruments weighed on the Nasdaq on Wednesday and pushed an index of chip makers below a key technical level in a worrisome sign for the market's six-month uptrend.

HCA IPO oversubscribed and could price above range

The initial public offering of private equity-backed HCA, the biggest U.S. for-profit hospital chain, is well oversubscribed and could price above the planned range on Wednesday, sources familiar with the situation said.

Michelle Obama has a New Stylist

Forget all of the hype around celebrity fashion, today's trend setters are presidential first ladies. Consider Michelle Obama and Carla Bruni.

Wall St ends down as chip sector weighs

U.S. stocks fell on Wednesday, as a weak outlook from Texas Instruments weighed on the Nasdaq and pushed an index of chip makers below a key technical level in a worrisome sign for the market's six-month uptrend.

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