IBT Staff Reporter

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Wikileaks effect: US military bans use of removable media, warns personnel of 'court martial'

The assault of Wikileaks forced US military to ban the usage of CDs, DVDs and USB flash drives on its internal network, SIPRNET, reports suggest. The latest move is likely to force Pentagon to revert to using a rather conventional data-transfer medium. Memos sent out earlier this week by the defense department also warn of court martial to military personnel found in violation of the order.

ECB tells leaders they must solve euro crisis

European central bankers told euro zone governments on Friday not to count on the ECB to solve the single currency bloc's debt crisis alone as the leaders of Germany and France met to plot strategy before a key EU summit.

China social networking co hires banks for U.S. IPO

One of China's largest social networking companies, Oak Pacific Interactive, has hired investment banks for an initial public offering in the United States in the first half of next year, sources close to the matter told Reuters on Friday.

Panasonic cautious on U.S., Europe holiday sales

Consumer electronics maker Panasonic Corp said on Friday it sees no strong recovery in year-end sales in North America and Europe, but expects to pull its loss-making TV unit into the black in the January-March quarter.

World stocks tick higher

World stocks edged higher on Friday as investors grew more confident about the prospect for economic recovery following robust U.S. and Chinese data while Treasuries stabilized after a sell-off earlier this week.

Wall St futures signal higher open

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.1 to 0.3 percent, pointing to a firmer start on Wall Street on Friday.

Strong China data points to more rate rises

Chinese imports and exports jumped in November, bank lending topped forecasts and property investment powered ahead, a series of numbers that could clear the way for the central bank to raise interest rates as soon as this weekend.

Japan stocks fall but outperform Asia this week

Japanese stocks fell on Friday after a rise to a seven-month high earlier in the day prompted profit taking, although they outperformed the rest of Asia this week, while U.S. Treasuries steadied on the view yields had risen too high, too quickly.

Apple suppliers point to new camera-toting iPad in 2011

Component suppliers for Apple Inc's iPad are gearing up for a new round of production in the first quarter, sources said on Friday, with one saying the product will be a revamp of the popular tablet computer including front- and back-mounted cameras.

U.S. video game sales jump 8 percent in November

A strong turnout by shoppers for Black Friday boosted U.S. video game sales 8 percent last month, marking the strongest November on record, but sales for the whole year are likely to be flat at best, according to retail research firm NPD Group.

Japan stocks slip but set to outperform Asia in week

Japanese stocks slipped from a seven-month high on Friday on profit taking, though were poised to outperform the rest of Asia this week, while U.S. Treasuries were steady on the view yields had risen too high, too quickly.

TSMC Nov sales fall from Oct, new gadgets eyed

TSMC, the world's biggest contract chipmaker, saw its smallest year-on-year sales growth in four months as demand slowed, while analysts say a new crop of smartphones and tablet PCs could spur demand next year.

China made example of Nobel winner Liu: Wikileaks

China chose to make an example of Nobel Peace Prize winner Liu Xiaobo by jailing him for 11 years last year during a wider crackdown on dissidents, Spain's El Pais newspaper said on Thursday, citing U.S. diplomatic cables obtained by WikiLeaks.

WikiLeaks cables: Pfizer took aim at Nigeria AG

Drugmaker Pfizer hired investigators to find evidence of corruption against the Nigerian attorney general to convince him to drop legal action against the company over a drug trial involving children, the Guardian newspaper reported, citing U.S. diplomatic cables made public by WikiLeaks.

WikiLeaks backers threaten more cyber attacks

Cyber attacks on global companies seen as enemies of WikiLeaks drew the attention of U.S. authorities on Thursday and Dutch police arrested a 16-year-old boy suspected in attacks on credit card sites of Visa and MasterCard.

Exclusive: Dell's CEO transformation is on the way

Dell Inc's billionaire chief executive, arguing that his efforts to transform his company have gone unnoticed by some on Wall Street, wants to drive the acquisitions that will prove crucial to its long-term future.

Video game sales jump 8 percent in November

A strong turnout by shoppers for Black Friday boosted U.S. video game sales 8 percent last month, marking the strongest November on record, but sales for the whole year are likely to be flat at best, according to retail research firm NPD Group.

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