IBT Staff Reporter

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Black Friday is now part of the culture

Beginning well before midnight on Thursday, in malls throughout the nation, the lifeblood of the American economy – the consumers – will start queuing up outside the locked entrances of various retail stores, forming longer and longer lines, clutching ads and lists and coupons, sipping coffee and hot chocolate, rubbing their hands and stomping their feet for warmth, exciting each other with anticipatory chatter, and waiting, waiting for the clock to strike the appointed hour, the clerk to open ...

Fresh attacks by North Korea?

Authorities in Seoul are verifying the reports of sounds of artillery fire heard around Yeonpyeong Island in the Yellow Sea. It is yet to be determined where the firing originated from.

GM to invest $163.2 mln in 3 plants, to protect 184 jobs

General Motors has said that it would invest $163.2 million in its operations in Flint and Bay City, Michigan and Defiance, Ohio. This investment is to support engine production for the Chevrolet Volt, Chevrolet Cruze and a new small car, which will be built in the United States.

Microsoft betting big on apps with WP7 platform

Windows Phone 7 saw 80 per cent increase in the number of developers registering apps and games with the platform in two months since its launch, Todd Brix, Senior Director for Windows Marketplace at Microsoft, wrote in the official blog.

The bird is in the house

That homegrown American genius and Founding Father Benjamin Franklin was of the opinion that the national bird should be the turkey. The other Founding Fathers overruled him, obviously. Nonetheless, the turkey has in a way become the nation’s bird – the one most Americans want perfectly cooked and centerpiecing their tables for the two biggest feasts of the year.

Obama calls for elimination of Uganda's rebel group

United States President Barack Obama has announced intent to take on the Uganda's most feared Lord's Resistance Army (LRA). Responding to US legislation passed in May this year, Obama declared his four-point strategy which called for disarmament of Joseph Kony-led LRA fighters.

Polar bears designated a 'critical habitat' in Alaska

More than 187,000 square miles of on-shore barrier islands in Alaska have been designated a 'critical habitat' for polar bears. The move welcomed by environmentalists is aimed at tackling the threat of extinction of the species.

Russia gets closer to joining WTO after 17 years

After nearly a 17-year long wait, Russia could finally be a member of the World Trade Organization by 2011, as it finally reached a deal with European Union, the last opposing member, on Wednesday.

A reignited civil war in Sudan could cost $100 bn : Report

A reignited civil war after the Southern Sudan referendum on independence could cost the International community and the country at least $100 billion, a think-thank report said. The January 9 vote is likely to go in the favor of the oil-rich South Sudan's demand of secession from the North. Tensions have been escalating in the region with reports of a fresh wave of attacks led by the government troops on South Sudan regions.

Pennon H1 pretax profit up 0.7 pct; pays 7.5 pence a share

British water company Pennon Group reported a 0.7 percent rise in its first-half pretax profit due to higher demand for water from summer usage and asset sale of its water utilities business South West Water but said looking forward, South West Water is well placed to outperform the assumptions for the K5 (2010-2015) period.

North Korea fired 'thermobaric weapons', says South

Authorities in Seoul inspecting the debris on Yeonpyaong Island after the North Korea attack suspect that thermobaric weapons were used. The bombs are aimed at increasing the number of casualties and causing severe structural damage at the same time.

Rooney take United to knock-outs

Manchester United qualified for the last 16 of the UEFA Champions League after a late penalty from Wayne Rooney gave them a 1-0 victory over Rangers who dropped into the Europa League.

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