More From IBT Staff Reporter
YouTube Extends Video Time, Promises Copyright Protection
The company says it can protect copyright holders, despite the longer videos it now allows on the site.
Dec 10, 2010
Oracle seeks $211 million more from SAP
Oracle Corp is seeking another $211 million from SAP AG on top of the $1.3 billion jury verdict it won last month after a widely watched copyright infringement trial.
Dec 10, 2010
Justin Bieber most-streamed music artist of 2010: TubeMogul
NEW YORK - Justin Bieber was the world's most-streamed music artist in 2010, according to numbers shared by video analytics company TubeMogul.
Dec 10, 2010
TerreStar, Creditors Spar In Bankruptcy Court
TerreStar Networks will have to wait a bit longer before it can move forward with its hotly contested bankruptcy plan, losing a bid to get its disclosure statement approved quickly.
Dec 10, 2010
Sentiment, trade data signal firmer U.S. recovery
A rise in U.S. consumer confidence to its highest in six months and a much bigger-than-expected contraction in the country's trade deficit pointed to a firmer economic recovery on Friday.
Dec 10, 2010
Two bank closures bring year total to 151
(Updates with details on the numbers of banks closed
Dec 10, 2010
Gold Price Cuts Weekly Loss Near Record Highs, as India & China Continue to Buy Strong
Prices to Buy Gold held firm in London on Friday, ending of what one London trader called another roller-coaster week some 1.7% lower for Dollar and Sterling investors but unchanged vs. the single Euro currency.
Dec 10, 2010
First responders call on Congress to act
Declaring, “This game is not yet over!” Rep. Carolyn Maloney, D-NY, was joined by her Congressional colleague, Rep. Jerrold Nadler, D-NY, a few dozen first responders and about 50 supporters today in Lower Manhattan to demand that Congress pass the health and compensation act for the people who got sick working at Ground Zero in the aftermath of the 9/11 terrorist attacks.
Dec 10, 2010
U.S. government posts $150 billion November budget gap
The United States recorded a larger-than-expected $150 billion budget gap last month, the largest shortfall for any November, Treasury Department data showed on Friday.
Dec 10, 2010
Walgreen warns customers email addresses accessed
Drugstore chain Walgreen Co on Friday warned customers they may have received unauthorized emails seeking personal data after a breach of one of the company's customer lists.
Dec 10, 2010
Boston emerges as a major hub in insider probe
Think of hedge fund hubs in the United States, and the names that tend to come to mind are New York and Greenwich, Connecticut. Yet when it comes to a major U.S. insider trading investigation, Boston is taking center stage.
Dec 10, 2010
Austrian banker Kohn key to Madoff crimes-trustee
Austrian banker Sonja Kohn was a criminal soul mate of Bernard Madoff for 23 years, running an international network of banks and funds to help perpetrate the biggest fraud in financial history, a court-appointed trustee for the Madoff firm said on Friday.
Dec 10, 2010
Madoff trustee sues Austrian Kohn for $19.6 billion
The trustee recovering money for the victims of Bernard Madoff's epic fraud sued Sonja Kohn, founder of Austria's Medici Bank, accusing her of playing a major role in the scheme. The lawsuit seeks $19.6 billion in damages.
Dec 10, 2010
Rovio turns to apps billing after Angry Birds hit
Finland's Rovio Mobile, known for its Angry Birds puzzle video game, unveiled on Friday payment software that gives mobile telecom operators a chance to win a share of booming app store business.
Dec 10, 2010
Apple prepares new camera-toting iPads: sources
Apple Inc is working on a smaller iPad tablet with built-in cameras that could ship early next year, according to manufacturers in Asia.
Dec 10, 2010
Chinese auto, tech firms have lackluster debuts
A Chinese auto sales company traded up slightly and a Chinese tech company fell in U.S. stock market debuts on Friday, a sign that not every Chinese companies will get a blank check in its initial public offering.
Dec 10, 2010
Nobel peace prize winner Liu Xiaobo absent for award
Norway's Nobel committee held its Peace Prize awards ceremony on Friday without the award's recipient, human rights activist Liu Xiaobo.
Dec 10, 2010
Jury convicts ex-Goldman man in trade secrets case
A jury on Friday convicted a former Goldman Sachs computer programer on criminal charges of stealing secret high-frequency trading code from Wall Street's most influential bank.
Dec 10, 2010
Sentiment and trade data signal firmer recovery
A rise in U.S. consumer confidence to its highest in six months and a much bigger-than-expected contraction in the country's trade deficit pointed to a firmer economic recovery on Friday.
Dec 10, 2010
Compromise plan has Democrats steaming
The situation in the U.S. capital this weekend is fluid.
Dec 10, 2010
Wall Street rises on upbeat data, S&P holds key level
U.S. stocks rose on Friday, with the S&P 500 at its highest level since the week Lehman Brothers collapsed in 2008, and breaching technical levels that suggest the year-end rally will persist.
Dec 10, 2010
NASA sold computers with sensitive data, report says
NASA failed to delete sensitive data on computers and hard drives before selling the equipment as part of its plan to end the Space Shuttle program, an audit released on Tuesday shows.
Dec 10, 2010
Alibaba to pay $140 million special dividend
China's largest e-commerce company Alibaba.com Ltd <1688.HK> said on Friday it would pay a HK$1.1 billion ($140 million) special cash dividend to shareholders, sending its shares sharply higher.
Dec 10, 2010
Indexes end up; S&P at best level since '08
U.S. stocks closed higher on Friday, with the S&P 500 at its highest level since the week Lehman Brothers collapsed in 2008, breaching technical levels that suggest the year-end rally will persist.
Dec 10, 2010
Cult Apple store lurks in suburban California mall
Before there was an Apple store under a giant futuristic cube near New York's Central Park or beneath a sleek glass cylinder in Shanghai, there was store 001 on the second floor of a 70s-era suburban California shopping mall.
Dec 10, 2010
GE ups dividend again, cites stronger Capital arm
General Electric Co raised its dividend for a second time this year, in a move the largest U.S. conglomerate said signaled its growing confidence in the rebound of its finance arm.
Dec 10, 2010
Sony sees cash flow to improve this fiscal year: report
Sony Corp <6758.T> expects cash flow to improve by 100 billion yen ($1.20 billion) this fiscal year due to overhauling materials procurement and production, Executive Deputy President Yutaka Nakagawa told the Nikkei.
Dec 10, 2010
Apple juggernaut that none could stop in 2010
Chronology: Key events that highlight Apple's march this year
Dec 10, 2010
Insider trading arrests coming soon: report
U.S. authorities could announce a series of arrests in the next phase of a long-running insider trading investigation as early as next week, CNBC said in a report on Friday.
Dec 10, 2010
US consumer sentiment up in December: Survey
Consumer sentiment in the U.S. rose more than expected during December, and an index of current conditions touched its highest level since January 2008, the Thomson Reuters/ University of Michigan Survey said.
Dec 10, 2010
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