IBT Staff Reporter

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U.S. Q1 employment costs rise 0.6 percent

Employment costs in the United States rose slightly more than expected in the first quarter, driven by benefits that recorded the biggest jump in almost three years, Labor Department data showed on Friday.

Employer Interview Questions

With the current economic climate and changing job market, employers have now started to alter the types of questions they ask in interviews.

RIM breaks into top 5 in surging phone market

Blackberry maker Research in Motion broke into the top five cellphone makers in January-March for the first time, helped by 50 percent growth in the global smartphone market. The global handset market has been dominated by five major players -- Nokia , Samsung , LG Electronics , Motorola and Sony Ericsson ...

Chevron profits jump on oil price

Chevron Corp , the second-largest U.S. oil company, reported on Friday a sharp rise in quarterly profit, as oil prices bounced back strongly in the past year, offsetting lower earnings from its refineries.

Newell profit tops Street; full-year view raised

Newell Rubbermaid Inc's quarterly profit beat Wall Street estimates on Friday on improving sales trends across all its markets, prompting the consumer products maker to raise its full-year outlook.

Smartphone shipments surge

Smartphone shipments surged 50 percent in January through March versus a year ago, notching up the strongest growth in the last three years with Apple Inc and Nokia Oyj taking market share, a survey showed.

Gene scan shows man's risk for heart attack, cancer

(Reuters) - A California college professor who sequenced his own genome has had it analyzed -- and discovered he has a high risk of dropping dead of a sudden heart attack, as well as a high prostate cancer risk.

Wall Street down on Goldman probe, GDP data

U.S. stocks fell on Friday as shares of Goldman Sachs tumbled on reports of a federal probe into the Wall Street powerhouse and after first-quarter gross domestic product came in weaker than expected.

Geithner vows crackdown on mortgage servicers

Treasury Secretary Timothy Geithner on Thursday slammed mortgage service companies for failing to do enough to help Americans avoid losing their homes and promised to crack down on shoddy practices.

Key lawmakers want new, tougher auto standards

U.S. auto regulators would be required to establish minimum standards to prevent unintended acceleration and carmakers would pay substantially higher fines for withholding safety information from the government, according to draft legislation being circulated.

U.S. starts criminal probe into Goldman: source

Federal prosecutors in New York have begun investigating Goldman Sachs Group Inc, raising the possibility of criminal charges against the company or its employees, a source familiar with the situation said on Thursday.

Toyota resumes selling Lexus SUV

Toyota Motor Corp announced on Thursday it was resuming sales of its Lexus GX 460 sports utility vehicle that were halted for two weeks.

Buffett ready to discuss Goldman woes: report

Famed investor Warren Buffett will address the allegations facing Goldman Sachs Group Inc at his Berkshire Hathaway Inc holding company's annual meeting on Saturday, according to the Wall Street Journal.

German private sector to help Greece

German financial and industrial firms will contribute to a multi-billion euro bailout for Greece, a senior banking source said, as talks to secure the aid in return for tough Greek budget cuts edged toward a deal.

Stock futures up ahead of GDP data

U.S. stock index futures were slightly higher on Friday ahead of the advance reading of first-quarter gross domestic product and investors awaited a deal to bail out Greece.

Asia, Africa to drive coffee production growth

A dynamic model was used to make coffee projections. It covers the major exporting and importing countries of green coffee. Supply, demand and stock functions were estimated for each of the major exporting and importing countries. The model performs dynamic simulation forward in time and generates forecasts on the basis of assumptions for the future behaviour of GDP, consumer price indices and exchange rates.

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