IBT Staff Reporter

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Halliburton profit beats; outlook improves

Halliburton Co , the second-largest oilfield services company, posted a higher-than expected quarterly profit on strength in North America and said the industry's outlook had improved.

Facebook investor DST takes stake in Groupon

Russian Internet investment group Digital Sky Technologies, which bought a $300 million stake in Facebook last year, has led a $135 million investment round in Chicago-based social-commerce website Groupon.

Goldman faces pressure, reform momentum grows

Goldman Sachs Group Inc faced rising regulatory and legal pressure on Monday as allegations that the bank duped clients fueled momentum for regulatory reform on both sides of the Atlantic.

Publishing venture bets on iPhone short stories

A new publishing company is betting that readers will bypass electronic readers such as Amazon's Kindle and Sony's Reader in favor of reading bite-sized stories on mobile devices they already own.

Citigroup profit $4.4 billion, tops Street view

Citigroup Inc posted a $4.43 billion first-quarter profit, its best result in more than two years, as the global economic recovery lifted the values of its worst assets and allowed the bank to set aside less money to cover credit losses.

Citigroup profit tops Street view

Citigroup Inc posted a $4.43 billion first-quarter profit, its best result in more than two years, as the global economic recovery lifted the values of its worst assets and allowed the bank to set aside less money to cover credit losses.

Lenovo looks to mobile Internet for growth

Lenovo Group, the world's No.4 PC brand, said mobile Internet products will account for 10-20 percent of revenue in five years, as it embarks on a new drive into wireless computing.

First time homebuyer share jumped in March

First-time buyers accounted for nearly half of all U.S. home sales in March as they took advantage of tax credits and more affordable prices resulting from distressed transactions, according to a real estate survey on Monday.

Halliburton profit off as Latin America weighs

Halliburton Co , the world's second-largest oilfield services company, reported a 46 percent drop in first-quarter profit on Monday, hurt by charges in Venezuela and weak demand across Latin America.

Health insurers shifting costs ahead of law: report

(Reuters) - Some of the largest U.S. health insurers are changing their accounting practices to book administration costs as medical costs in an attempt to circumvent new industry reforms, according to a U.S. Senate panel's report released on Thursday.

Economic blow to airlines could surpass Sept. 11: EU

The volcanic ash cloud that has grounded many flights could deal a bigger economic blow to the airline industry than the attacks on the United States on September 11, 2001, the EU's transport commissioner said Monday.

Architect Visit: Vincent Van Duysen in Antwerp

UK publishers Thames & Hudson have just come out with Vincent Van Duysen: Complete Works, a comprehensive monograph of the Belgian architect's work, featuring more than 30 projects photographed by Alberto Piovano.

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