IBT Staff Reporter

85381-85410 (out of 154943)

Ernst & Young sued by NY for fraud over Lehman

New York prosecutors sued Ernst & Young, accusing the accounting firm of helping to hide Lehman Brothers Holdings Inc's financial problems, the first major government legal action stemming from the Wall Street bank's 2008 downfall.

Tessera wins round in chip patent fight

A appeals court ruled in favor of Tessera Technologies Inc in a chip patent dispute with Qualcomm Inc , Spansion Inc , Freescale Semiconductor Inc , ATI Technologies and STMicroelectronics NV .

Census: US growth rate slows

There are now 308.7 million people in the United States, or 308,745,538 persons to be more exact as of April 1, 2010, according to the U.S. Census Bureau, which released the 2010 Census data today.

Collahuasi mine scrambling to find new export route

The world's No. 3 copper mine, Collahuasi, scrambled on Tuesday to find a new way to ship metal and generate cash after an accident shut its Patache port terminal, strangling its exports as copper prices hit new highs.

New York sues Ernst & Young, alleges Lehman fraud

New York prosecutors sued Ernst & Young, accusing the accounting firm of helping to hide Lehman Brothers Holdings Inc's financial problems, the first major government legal action stemming from the Wall Street bank's 2008 downfall.

EU, EFSF to start raising Irish cash in January

European rescue funds will start raising cash on the market to help Ireland in January, starting with bonds issued by the European Financial Stability Mechanism, the European Commission said in a statement.

TD Bank to buy Chrysler Financial for $6.3 billion

Toronto-Dominion Bank is buying Chrysler Financial from Cerberus Capital Management for $6.3 billion, the second time in a week that a Canadian lender has placed a big bet on the resilience of the U.S. economy.

Autism law needs reauthorization

Autism is growing at an alarming rate in the United States. Just 20 years ago, about one in 5,000 children were diagnosed with the disorder. The current rate, according to the U.S. Centers for Disease Control and Prevention, is 1 in 110.

Microsoft says 1.5 mln Phone 7s sold in 6 weeks

More than 1.5 million cellphones carrying Microsoft Corp's Windows Phone 7 operating software have sold in the first six weeks of launch, meeting what the company called realistic expectations.

Fed extends USD swaps with major central banks

The world's major central banks said on Tuesday they would extend emergency supplies of U.S. dollar funding to money markets, in a sign that authorities remain concerned about financial instability as governments grapple with debt problems.

Four arrested in widening insider trading probe

Four people, including an executive from an expert networking firm, have been arrested by the Federal Bureau of Investigation (FBI) agents in an operation seen as part of a widening probe into insider trading.

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