IBT Staff Reporter

85021-85050 (out of 154948)

U.S. stocks recover after China rate move, euro up

U.S. stocks closed little changed and the dollar lost ground to the euro in thin trade on Monday, buffeted by China's Christmas Day interest rate hike and a blizzard that pounded the northeastern United States.

England take control after Ponting loses his cool

On the second day of the fourth Ashes test at Melbourne, England took control with a brilliant century from Jonathan Trott which gave the visitors a 346 lead with five wickets remaining at the end of the day's play.

FTC busts Internet marketer

iWorks advertises itself as an Internet marketing firm. The Federal Trade Commission calls it an Internet scamming operation and is taking the company, and its 51 shell companies, to court to shut it down.

Genetic Codes For Wild Strawberry, Chocolate Unlocked

An international research team has sequenced the genome of the woodland strawberry, opening the door for breeding tastier, hardier varieties of the berry and other crops in its family. Separately, another team sequenced the DNA of a variety of Theobroma cacao, a tree considered to produce the world's finest chocolate.

H&R Block's refund loans hit regulatory hurdle

H&R Block Inc, the largest U.S. tax preparer, said it will not be able to help customers borrow money against their tax refunds in the coming months, as the bank that was supposed to provide the loans is under a regulatory directive not to.

Netflix shares poised for a drop: report

Shares in online video rental service Netflix Inc have gotten too expensive and are poised to drop amid battles with Hollywood studios over licensing fees, Barron's said in its latest issue.

Who is Mikhail Khodorkovsky?

In October 2003, Russian security agents' seized the country's richest man at gun point on the tarmac of a Siberian airport. ''Weapons on the floor or we'll shoot!'' the agents shouted. Then the man was dragged away to spend years in solitary confinement at a Soviet-era labor camp in the Chita region of eastern Siberia. His assets were seized by the state; his opulence was wiped out and his family left almost fractured.

H&R Block says HSBC terminates RAL funding pact

H&R Block Inc has said HSBC Holdings Plc will not provide funding for the no.1 U.S. tax preparer's refund-anticipation loans, or RALs, after U.S. regulators ordered the lender to terminate the contract.

Blizzard buries the northeast

A full-blown blizzard pounded the northeast from yesterday into today, making roadways hazardous, shutting down transit systems and causing at least one state government to declare a state of emergency.

Russian oil tycoon Khodorkovsky found guilty

Former oil tycoon Mikhail Khodorkovsky and his business partner Platon Lebedev were declared guilty of fraud by the Moscow's Khamovniki court on Monday. Both men were accused of embezzling 218 tons of oil via their oil company Yukos and laundering over $97.5 million (3 billion rubles) in revenues.

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