IBT Staff Reporter

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College strained by Loughner's behavior

Jared Lee Loughner's interactions with instructors at his Tucson, Arizona community college were strained throughout 2010, with administrators and instructors reporting disturbing out of context comments, inappropriate expressions, and very hostile behavior which culminated in a suspension, according to school documents.
Jan 13, 2011

Australia coal lines returning; Rio aluminium force majeure

Coal freight lines could start reopening as early as Thursday in Australia's flooded Queensland coalfields as waters recede, rail officials said, prompting predictions of a faster-than-expected start to a recovery in exports.
Jan 13, 2011

Morgan Stanley announces executive shake-up

Morgan Stanley announced on Thursday a number of executive changes across its global wealth management and fixed income divisions, as Chief Executive James Gorman pursues an overhaul of the bank roughly a year into his tenure.
Jan 13, 2011

RIM shares jump after India deal; new phone leaked

Shares in Research In Motion jumped as much as 4 percent to near an eight-month high on Thursday after it reached a deal with India that appeared to protect its secure corporate email service.
Jan 13, 2011

Social gaming market to pass $1 billion in 2011

LOS ANGELES - The social gaming market is expected to pass $1 billion this year, thanks to a rising number of users and a projected increase in advertising, according to research group eMarketer.
Jan 13, 2011

Lehman sees $60 billion bankruptcy payout, needs time

Lehman Brothers Holdings Inc said it will take longer than expected to win approval of a bankruptcy plan, and projects paying out $60.1 billion as it tries to settle differences with creditors owed six times that amount.
Jan 13, 2011

U.S. warns on China's cyber, space capabilities

Advances by China's military in cyber and anti-satellite warfare technology could challenge the ability of U.S. forces to operate in the Pacific, U.S. Defense Secretary Robert Gates said in prepared remarks on Friday during a visit to Japan.
Jan 13, 2011

Microsoft has best month for Xbox despite shortage

Microsoft Corp notched its best ever month for the Xbox in December, selling 1.9 million of the game consoles, helped by its new Kinect hands-free system and the latest in the blockbuster 'Fable' and 'Halo' game series.
Jan 13, 2011

Judge approves $7.2 billion deal for Madoff investors

A U.S. judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet in the worldwide search for money lost in Bernard Madoff's multibillion-dollar Ponzi scheme.
Jan 13, 2011

Apple on a win streak as rivals regroup

Apple Inc enters 2011 on a roll, a cash-generating machine with surging sales across its product lines -- even as it confronts a sea of restive rivals determined to halt its stunning run of success.
Jan 13, 2011

Spain fares better than expected at bond auction

Investors showed appetite for Spain's debt Thursday, pushing borrowing costs up less than expected at its debut debt auction for 2011 and alleviating some concerns about the euro zone's more vulnerable debtor nations.
Jan 13, 2011

Home foreclosures in 2010 top 1 million for first time

Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, a leading firm said on Thursday.
Jan 13, 2011

Lehman sees $60 bln bankruptcy payout, needs time

Lehman Brothers Holdings Inc said it will take longer than expected to win approval of its bankruptcy plan and projects paying out $60.1 billion as it tries to settle differences with creditors owed six times that amount.
Jan 13, 2011

Intel results beat estimates

Intel Corp posted an 8 percent increase in fourth-quarter revenue and forecast revenue of $11.1 billion to $11.9 billion in the first three months of 2011, riding an upswing in corporate technology spending.
Jan 13, 2011

U.S. prepares to challenge Google ITA deal: report

U.S. regulators are preparing for a possible antitrust challenge to Google Inc's planned $700 million acquisition of airline ticketing software company ITA Software, according to a media report.
Jan 13, 2011

Economy facing headwinds, but Bernanke hopeful

Jobless claims hit a 10-week high last week while producer prices shot up in December, pointing to headwinds for an economy that Federal Reserve Chairman Ben Bernanke said was showing fresh vigor.
Jan 13, 2011

Gold falls after successful euro zone debt auctions

Gold fell on Thursday, snapping three sessions of gains as safe-haven buying subsided after successful European bond sales and a more positive economic outlook from U.S. Federal Reserve Chairman Ben Bernanke.
Jan 13, 2011

IBM's Watson Computer To Play Jeopardy!

On Thursday IBM demonstrated Watson, a computer consisting of a roomful of the company's Power7 processors -- sophisticated enough that it can understand language well enough to figure out the wordplay that makes up a Jeopardy! question.
Jan 13, 2011

Bernanke says joblessness to linger despite growth

The outlook for the U.S. economy has brightened, Federal Reserve Chairman Ben Bernanke said on Thursday, though he warned that growth this year won't be strong enough to bring down the jobless rate as speedily as policy makers would like.
Jan 13, 2011

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