IBT Staff Reporter

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Alpha close to $7 billion Massey deal: sources

Alpha Natural Resources is close to a $7 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year, sources familiar with the matter said on Friday.

Global Risks: Experts Focus on Two Key Challenges

Two of the most significant risks that could affect the world in the next 10 years - given their high degrees of impact and interconnectedness - are economic disparity and global governance failures, according to a survey seeking the opinion of hundreds of experts, business leaders and policy makers.

Exclusive: U.S. asks about search fairness in Google/ITA

The U.S. Justice Department's review of Google Inc's planned acquisition of airline ticketing software company ITA Software is focusing on making sure ITA's products remain available, even to Google's rivals, according to a source close to the deal.

Mubarak says Egypt in 'defining moment,' will appoint new cabinet

President of Egypt Hosni Mubarak appeared on television late Friday for the first time since riots began in Cairo, saying in a televised address that the country was in a “defining moment” and that he had requested that his cabinet resign so a new one can be designated tomorrow.

Higher costs sink Ford profit, shares slide

Ford Motor Co's earnings fell far short of expectations on surging costs for new vehicle launches and an unexpected loss in its European business, driving its shares down more than 13 percent.

Study: App Users Click Ads By Mistake

A Harris Interactive survey found that nearly half of mobile app users said they were more likely to accidentally click an ad than do so intentionally.

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