IBT Staff Reporter

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CDC backs away from decades-old flu death estimate

The U.S. Centers for Disease Control and Prevention is backing away from its decades-old estimate of the number of people who die annually from seasonal flu, instead saying deaths vary widely from year to year.

Fiat CEO says Q3 going well

Italian automaker Fiat SpA said on Thursday its third quarter was proceeding well and confirmed it could raise its 2010 outlook, sending its shares higher.

Wall St flat as gains from jobless data fade

Weekly jobless claims declined more than expected last week, briefly sending stocks higher, but the four-week average of new claims, a measure regarded as better reflecting labor market trends, rose to a nine-month high, offsetting the enthusiasm.

Ford halts Fiesta shipments on part glitch

Ford Motor Co temporarily halted shipments of Fiestas from its Mexico factory in the past week due to a faulty part, compounding an inventory shortage for the new small car and further complicating a key vehicle introduction.

Landlords cut rent to fill empty property: NAR

U.S. commercial property landlords cut rent and offered concessions to lure tenants as vacancies remained high, the National Association of Realtors reported in a quarterly property survey released on Thursday.

Foreclosures fall but new delinquencies rise: MBA

The number of U.S. homes headed for foreclosure fell in the second quarter for the first time since the housing slump began in 2006, but improvements may be fleeting as the number of newly delinquent homeowners rose, a banking group said on Wednesday.

Slumdog helps usher in Hollywood's Indian era

Maybe it's the success of Slumdog Millionaire. Perhaps it's because corporate outsourcing is now a very real -- and frustrating -- part of Westerners lives. Or perhaps it's because India is one of the fastest-growing economies in the world and its influences have finally spread to Hollywood.

Amnesty says activists detained at Moscow U2 concert

Rights group Amnesty said five of its activists were detained while distributing flyers at a U2 concert in Moscow on Wednesday, which ended with a celebrated Kremlin critic joining the Irish rock stars on stage.

A Day in the Life tops Rolling Stone's Beatles' list

Rolling Stone magazine has for the first time rated the greatest 100 Beatles' songs, with the 1967 track A Day in the Life written by John Lennon and Paul McCartney topping the list that was released on Wednesday.

Ex-wife of Tiger Woods breaks silence

The now ex-wife of Tiger Woods has broken the silence she maintained through the torrid sex scandal that engulfed their marriage, saying she has been through hell.

Robbie Williams, Take That plan reunion tour

Robbie Williams and his old band Take That plan to tour together next summer after reconciling their differences, but the reunion is likely to be temporary, they said on Thursday.

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