IBT Staff Reporter

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Manchester United crush unlucky Wigan

Manchester United secured a crucial 4-0 victory against Wigan Athletic in the Premiership on Saturday, with two goals from Javier Hernandez.
Feb 26, 2011

Warren Buffett says on the hunt for deals

Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
Feb 26, 2011

Mizuho to buy out units in $4 billion deal: source

Mizuho Financial Group is planning to buy out its brokerage and trust bank units, a source familiar with the matter said on Saturday, in a roughly $4 billion deal aimed at helping the lender grow beyond sluggish commercial banking business in Japan.
Feb 26, 2011

ECB's Draghi says must watch inflation threat

Monetary policy makers must closely watch emerging inflation tensions to head off any decline in expectations for price stability, European Central Bank Governing Council member Mario Draghi said on Saturday.
Feb 26, 2011

Russia launches navigation system satellite

Russia launched on Saturday one of the final satellites needed to complete a space-based navigation system, which Moscow hopes will challenge the dominant U.S. Global Positioning System .
Feb 26, 2011

Oscar advertisers reveal plans for the big night

JCPenney, Best Buy, Hyundai, and Livingsocial.com have all released a preview or description of their advertisement campaigns for the upcoming Academy Awards, hoping to create a buzz and thus earn more eyeballs during Hollywood's biggest night.
Feb 26, 2011

Coming soon, a smart phone App to detect cancer in 60 minutes

A mobile phone can spot cancer and soon there may be an application to detect it and could allow physicians to find out within 60 minutes whether a suspicious lump in a patient is cancerous or benign, Science Translational Medicine journal said in a report on Friday.
Feb 26, 2011

Succession, derivatives on tap in Buffett letter

Don't bother calling your favorite value investor on Saturday morning -- he or she will be busy devouring every last word of annual wisdom from the guru of that investing discipline, Warren Buffett.
Feb 26, 2011

Mizuho plans to buy out securities, trust units: source

Mizuho Financial Group is planning to buy out its brokerage and trust bank units, a source familiar with the matter said on Saturday, a deal that could be worth around $4 billion as the lender tries to grow beyond sluggish commercial banking business in Japan.
Feb 26, 2011

Verizon Wireless iPhone sales mostly online

Verizon Wireless sold more iPhones online than in stores, its top executive told Reuters, disputing a concern that the sparse crowds that greeted the store launch of the Apple Inc device signaled low sales.
Feb 25, 2011

Tremont investors in $100 million pact over Madoff

Investors who lost money in Bernard Madoff's Ponzi scheme have reached a $100 million settlement with a group of funds affiliated with Tremont Group Holdings Inc that funneled their money to the now imprisoned con man.
Feb 25, 2011

Chrysler CEO receives no cash for 2010: filing

Chrysler CEO Sergio Marchionne led an overhaul of the company's staid lineup of cars and trucks and revived interest in the automaker that was once left for dead-- and he didn't get paid any cash for it.
Feb 25, 2011

Bush cancels conference visit over Assange invite

Former President George W. Bush on Friday canceled a scheduled appearance at a business leaders' conference in Denver after learning that organizers also invited WikiLeaks founder Julian Assange.
Feb 25, 2011

BofA, Wells, Citi see foreclosure probe fines

Bank of America, Citigroup and Wells Fargo -- three of the biggest banks in the United States -- said they could face fines from a regulatory probe into the industry's foreclosure practices.
Feb 25, 2011

Game fans snap up Nintendo's 3DS at Japan launch

Game fans hit Japanese stores early on Saturday to be among the first to get their hands on Nintendo's new 3D-capable game player, but the gadget's sales may be squeezed in the longer term by competition from smartphones and tablets.
Feb 25, 2011

Wells Fargo, BofA expect foreclosure probe fines

Wells Fargo & Co , the largest U.S. mortgage lender, said it is likely to face fines from regulators and other government agencies as a result of a probe into the industry's foreclosure practices.
Feb 25, 2011

Fed officials play down oil price risks

The Federal Reserve would react to higher oil prices only if the increases spilled over into broader areas, officials of the U.S. central bank said on Friday, with one policy maker calling the risks manageable.
Feb 25, 2011

Iceland to hold Icesave referendum on April 9

Icelanders will vote on April 9 on a plan to repay around $5 billion to Britain and the Netherlands to cover debts from the financial crisis, with popular backing key to keeping an economic recovery on track.
Feb 25, 2011

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