IBT Staff Reporter

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Music labels bet Vevo.com next MTV

In a grainy black and white Web video, similar to footage from an in-store security camera, you can make out the muscular frame of rapper 50 Cent, smashing dozens of TV sets with a baseball bat.

Apple's top-selling apps of 2009

It could be argued that 2009 was the year of the App Store, as Apple's bustling storefront for downloadable iPhone programs caught fire with consumers.

Ebay exec emails: Feign surprise to Craigslist

Emails from a top eBay Inc executive showed the Internet giant was aware that a competing online classifieds site it launched while sitting on the board of Craigslist was a sensitive issue to be handled delicately, according to court testimony on Tuesday.

Hedge fund manager Paulson buying stocks

Billionaire hedge fund manager John Paulson said on Tuesday he still sees compelling long-term returns in equities even after their sharp run-up this year, while holding no short positions in the credit markets.

U.S. online holiday spending up 3 percent: comScore

U.S. online holiday spending has risen 3 percent this holiday season, but shopping online slowed over the weekend after the special deals and discounts offered by retailers on Cyber Monday ended, analytics firm comScore Inc said on Tuesday.

Dealmakers see more M&A in H1 2010: survey

Dealmakers expect merger and acquisition activity to pick up in the first six months of 2010, with manufacturing, health care and financial services positioned to benefit most in the near term, according to a survey released on Tuesday.

United Airlines places $10 billion plane order

Taking advantage of down market prices, United Airlines said on Tuesday it placed a $10 billion-plus order for 50 wide-bodied jetliners divided between Airbus and Boeing Co , in a bid to slash fuel costs and emissions.

Cameco to sell Centerra stake for C$872 mln

Canadian uranium miner Cameco Corp has agreed to sell its stake in Asia-focused Centerra Gold for proceeds of C$872 million ($823 million), closing out an investment deal with Kyrgyzstan signed earlier this year.

Simon Property to buy 22 more outlet centers

Simon Property Group Inc, the largest U.S. mall owner, struck a deal to buy Prime Outlets Acquisition Co for more than $700 million, adding 22 outlet centers to its stable of high-end centers.

Air France KLM November traffic falls 3.2 percent

Air France-KLM reported a 3.2 percent fall in passenger traffic for November but saw gradual improvement in unit revenues, while a more dynamic cargo sector underscored signs of a fragile economic recovery.

AeroVironment Q2 profit beats Street

Drone-maker AeroVironment Inc posted better-than-expected quarterly profit, as revenue from contract services slightly offset the drop in product sales, and it backed its full-year forecast for revenue growth.

TI boosts eps, rev target but shares fall

Texas Instruments Inc on Tuesday raised its fourth-quarter earnings target and said revenue would be at the high end of its forecast range, but its shares fell almost 2 percent as some investors had even higher expectations.

Small car rush may create U.S. oversupply

A new lineup of small cars slated for showrooms next year may create an oversupply of compact vehicles in the U.S. market at a time when gas prices remain stable, an industry forecasting firm said on Tuesday.

Wall St ends down on recovery jitters

Stocks fell on Tuesday after disappointing corporate news from 3M Co and McDonald's, while negative developments in global credit markets caused a shift to safe-haven assets.

U.S. industry sharpens attack on financial reforms

U.S. industry is freshening its attack on financial reform, pledging more cash to defeat a new consumer agency and raising concerns over a provision that could force secured creditors to shoulder losses.

Climate, Oil, Reality and Delusion

Against a greater welter and flow of incoherence jerking the nation this way and that way en route to collapse comes ClimateGate, the latest excuse for screaming knuckleheads to defend what has already been lost. It is also yet another distraction from the emergency agenda that the United States faces - namely the urgent re-scaling, re-localizing, and de-globalizing of our daily activities.

JPMorgan sees consumer losses rising

JPMorgan Chase & Co sees additional losses on credit cards and home loans next year although there are some signs the rate of losses is settling and it may not need to build credit reserves much further, Chief Executive Jamie Dimon said on Tuesday.

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