IBT Staff Reporter

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Shell profit soars on oil price, output growth

Royal Dutch Shell Plc continued a run of better-than-expected first-quarter profit rises by the big international oil companies on the back of higher oil prices, and boosted, in its case, by an unexpected return to production growth.
Apr 28, 2010

Greek crisis carries all before it

Greece's exploding debt crisis eclipsed all else on financial markets on Wednesday, knocking down global stocks and pushing the euro for a time to a one-year low against the dollar.
Apr 28, 2010

Microsoft signs Android patent deal with HTC

Microsoft Corp said on Tuesday it struck a licensing deal with phone handset maker HTC Corp, under which it will get royalty payments on HTC phones running Google Inc's Android operating system.
Apr 28, 2010

Euro hits 1-year low, stocks fall on EU debt woes

The euro tumbled to a one-year low against the dollar and Asian stocks fell as cuts in Greece and Portugal's credit ratings set off a flight to safety on fears that the euro zone's debt problems are spreading.
Apr 28, 2010

LG Elec sees better Q2 on mobile recovery, firm TVs

World No.2 TV maker LG Electronics said it aims to turn around its struggling mobile division with double-digit shipment growth in the second-quarter, adding strong TV sales would lead to better results in the period.
Apr 28, 2010

Honda to profit as greener cars drive U.S. sales

Honda Motor Co , Japan's No.2 automaker, forecast a 10 percent rise in operating profit this year as demand in its biggest and most profitable U.S. market recovers from a multi-decade low.
Apr 28, 2010

Fed seen maintaining promise to keep rates low

The Federal Reserve is expected on Wednesday to repeat its vow to keep interest rates at rock bottom levels for an extended period while acknowledging that the U.S. economic recovery is getting stronger.
Apr 28, 2010

Venezuela's chatty leader Chavez joins Twitter

Venezuela's President Hugo Chavez opened a Twitter account on Tuesday, launching himself into the digital fray to combat opponents who have seized on the micro-blogging site to criticize his socialist government.
Apr 27, 2010

Great Health Benefits of Wholegrains

CSIRO researchers say a healthy diet with the recommended intake of wholegrains could be as potent at combating heart disease as medication.
Apr 27, 2010

Australian dollar outlook - 28/4/2010

The AUD has taken a dive overnight following announcements from credit rating agency Standard and Poors in relation to their credit ratings for both Portugal and Greece.
Apr 27, 2010

You May Need to Think Twice About Those Silver Fillings

Silver-colored fillings, officially known as amalgam fillings, contain mercury and have been used by dentists for over a hundred years to treat cavities in teeth. They are known to last longer and less expensive.
Apr 27, 2010

Bank rule reform falls short again in Senate

Senate Republicans on Tuesday blocked a sweeping overhaul of banking rules for a second straight day as they sought to extract more concessions from Democrats eager to crack down on Wall Street.
Apr 27, 2010

For Sirius XM, small investors want bigger windfall

Sirius XM Radio Inc shook off the threat of a Nasdaq delisting on Tuesday, vindicating the scores of retail investors who had bet on the satellite radio service when it was shunted by big institutional funds.
Apr 27, 2010

Migraine Sufferers Retreat to Dark Environment

Approximately 30 million people in the United States suffer from migraine pain, which is often described as a throbbing pain in one area of the head and is often accompanied by nausea, vomiting and other symptoms.
Apr 27, 2010

S&P cuts Greek debt to junk, downgrades Portugal

Rating agency Standard and Poor's slashed Greek debt to junk status on Tuesday and also downgraded Portugal, as investors worried political pressures could block a multi-billion euro bailout of Greece.
Apr 27, 2010

ANU launches National Security College

Australia's first National Security College will begin activities in May after its official launch by the Prime Minister Kevin Rudd at The Australian National University on 24th April 2010.
Apr 27, 2010

Icahn aims to help fix what is broken at Genzyme

If elected to the board of Genzyme Corp , billionaire investor Carl Icahn will work to understand and help the company fix what is broken, according to proxy documents filed on Tuesday with the U.S. Securities and Exchange Commission.
Apr 27, 2010

Goldman CEO faces blistering attack over ethics

Goldman Sachs CEO Lloyd Blankfein faced a blistering cross-examination from U.S. lawmakers over why the investment banks' sales team felt they could sell securities to clients while believing they were crap and betting against them.
Apr 27, 2010

AstraZeneca, U.S. settle anti-psychotic drug case

AstraZeneca PLC has agreed to pay $520 million to settle charges that it illegally marketed and promoted its schizophrenia drug Seroquel for unapproved uses, U.S. authorities said on Tuesday.
Apr 27, 2010

Confidence up, home prices rise on annual basis

U.S. consumer confidence firmed to a 1-1/2-year high in April, while house prices rose in February on an annual basis for the first time in more than three years, in fresh signs of a strengthening economy.
Apr 27, 2010

Goldman says not to blame for crisis

Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients shi**y deals and made billions off the market's collapse, in a high stakes Senate hearing.
Apr 27, 2010

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