More From IBT Staff Reporter
Economic recovery lifts world stocks
World stocks punched fresh 29-month highs on Wednesday, lifted by strong data pointing to sustained global economic recovery, continuing positive corporate earnings and easing concerns about Egypt.
Feb 02, 2011
Wall Street warned of Al-Qaeda attacks
The Federal Bureau of Investigation has reportedly warned financial institutions in New York of potential terrorist attacks by Al-Qaeda after published reports surfaced around a month back.
Feb 02, 2011
Tablet Shootout: LG's recently unveiled tablet G-Slate vs Motorola Xoom
At the CES 2011, Motorola Xoom was the cynosure of Android 3.0 but a month later it has company, as LG has unveiled its tablet G-Slate, which runs on Honeycomb juice.
Feb 02, 2011
English Premier League Round-Up - Manchester United, Chelsea, Arsenal all win
In the mid-week fixtures in the English Premier League, Manchester United, Chelsea and Arsenal all found important wins in pursuit of the title.
Feb 02, 2011
America, Canada observe Black History Month
The annual Black History Month for the year 2011 has kicked started in the United States as well as Canada. The month is dedicated to learning and celebrating facts about African diaspora and the history.
Feb 02, 2011
Google accuses Bing of cheating
Google has accused Bing - the search engine from Microsoft - of cheating.
Feb 02, 2011
China to raise interest rates within month: report
China will likely raise interest rates again within the month, the New York Times reported on Wednesday, citing a forecast of economists and bankers with knowledge of the thinking of Chinese policymakers.
Feb 02, 2011
TSA tests less-intrusive body scanners
The U.S. Transportation Security Administration (TSA) has began testing privacy-enhancing software that eliminates passenger-specific images and replaces them with the generic image of a person.
Feb 02, 2011
College degree should not be sole focus for Americans: Harvard report
Researchers at Harvard call for more career-driven alternatives and proper counseling for high school students.
Feb 02, 2011
Nomura posts jump in profit but costs weigh
Nomura Holdings <8604.T>, Japan's top brokerage, reported its biggest profit in three quarters after gains in Tokyo stocks gave a boost to revenues, but higher costs to expand overseas limited earnings growth.
Feb 02, 2011
Ex-BOJ Iwata sees prolonged deflation
Japan is unlikely to escape from deflation at least through the fiscal year ending in March 2013, prompting the Bank of Japan to stick to its ultra-loose policy, Kazumasa Iwata, former deputy governor of the central bank, said on Wednesday.
Feb 02, 2011
Ex-BOJ official Iwata sees prolonged deflation
Japan is unlikely to escape from deflation at least through the fiscal year ending in March 2013, prompting the Bank of Japan to stick to its ultra-loose policy, Kazumasa Iwata, former deputy governor of the central bank, said on Wednesday.
Feb 02, 2011
Roche sees U.S. and European reforms weighing in 2011
Swiss drugmaker Roche struck a cautious note on 2011, as the sector grapples with U.S. healthcare reforms and a push in Europe for lower drug prices, after growth of its top-seller Avastin slowed sharply in 2010.
Feb 02, 2011
Bing takes Google’s allegations as a “compliment”
Bing has responded to the allegations of copying from Google by dubbing the whole ordeal a back-handed compliment.
Feb 02, 2011
Facebook overvalued at $50 bln: Bloomberg's global poll
Sixty-nine per cent of investors say Facebook is overvalued after Goldman Sachs invested $450 million in a deal that valued the company at $50 billion, according to the quarterly poll of 1,000 Bloomberg customers who are investors, traders or analysts.
Feb 02, 2011
U.S. probes BP for gas market manipulation
BP said U.S. regulators were considering filing charges against it related to alleged manipulation of the gas market.
Feb 02, 2011
Roche sees U.S., European reforms weighing in 2011
Swiss drugmaker Roche joined peers in striking a cautious note on 2011 as the sector grapples with U.S. healthcare reforms and a push in Europe for lower drug prices.
Feb 02, 2011
Rihanna’s S&M single is too steamy for some
It has been banned in most South Asian countries.
Feb 02, 2011
Panasonic profit falls on tough rivalry, yen
Panasonic Corp posted a larger-than-expected 5.6 percent fall in quarterly profit on Wednesday as tough price competition in TVs and a stronger yen offset help from Japan's incentive scheme.
Feb 02, 2011
Vodafone names Philips CEO Kleisterlee as chairman
Vodafone named outgoing Philips Chief Executive Gerard Kleisterlee as its new chairman, bringing emerging markets know-how and an ability to simplify a group to the world's largest mobile operator.
Feb 02, 2011
Economic recovery drives world stocks higher
World stocks punched fresh 29-month highs on Wednesday, lifted by strong data pointing to sustained global economic recovery, continuing positive corporate earnings and easing concerns about Egypt.
Feb 02, 2011
BOJ's Kamezaki says Japan economy near end of lull
Japan's economy will emerge from a lull toward spring and is certain to pull out of deflation over time, a Bank of Japan policymaker said, offering an upbeat take on the outlook on budding signs of a recovery.
Feb 02, 2011
Diaz joins Colin Firth in 'Gambit'
A romantic caper and a remake, the movie has enough talent to see it through
Feb 02, 2011
China to offer 4G services by 2012
China will wrap up large-scale testing of fourth generation mobile communication network, TD-LTE and will put its mobile services to commercial application as an attempt to create a competitive edge for homegrown telecom equipment producers.
Feb 02, 2011
ACLU backs suspended student's right to call teacher 'fat' on Facebook
The American Civil Liberties Union (ACLU) backs California student's right to freedom of speech after Mesa Verde High suspended him for calling teacher fat on Facebook.
Feb 02, 2011
Panasonic profit falls, keeps forecast unchanged
Panasonic Corp reported a worse-than-expected 5.6 percent fall in October-December profit despite help from a Japanese government incentive scheme and its buyout of subsidiary Sanyo Electric.
Feb 02, 2011
President Obama to speak on energy initiatives and efficiency at Penn State University
The President will now visit the University on Thursday afternoon to focus on clean energy and innovation
Feb 02, 2011
Carpetright warns on FY profit after sales fall
British carpet and floor covering retailer Carpetright Plc said it expects full-year profits to be below last year and below market expectations, citing lower third quarter sales due to adverse weather conditions and fragile consumer confidence.
Feb 02, 2011
Moody's to brief on Japan, other sovereign ratings
Moody's Investors Service said it will hold a briefing on its sovereign ratings including its rating for Japan in Tokyo on February 9, while giving no indication if it would take any action.
Feb 02, 2011
Imperial Tobacco says made 'good' start to year, revenue rises
Britain's Imperial Tobacco Group Plc said it made a good start to the year with underlying tobacco net revenue up 5 percent and increased cigarette and fine cut tobacco volumes.
Feb 02, 2011
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