IBT Staff Reporter

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Insider trading probe widens, ensnares 14 more

Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe advisers.

U.S. fully committed to Japan as feud simmers

A U.S. diplomat said on Thursday that Washington was fully committed to its alliance with Japan, as the two governments prepared for a visit by President Barack Obama that has been clouded by a feud over a U.S. Marine base.

Retail sales suggest tepid holiday season

More than half of U.S. retail chains posted October sales that fell short of Wall Street's heightened expectations, raising doubts about a widespread recovery for the holiday season.

Saudi air force hits Yemen rebels after border raid

Saudi Arabia has launched heavy air strikes on rebels in northern Yemen and is moving troops nearer the border after a raid into its territory by the Shi'ite insurgents, a Saudi government adviser said on Thursday.

Microsoft CEO sees Yahoo partnership outside U.S.

Microsoft Corp Chief Executive Steve Ballmer said on Thursday the company's search engine partnership with Yahoo would not be limited to the U.S. but would be introduced around the world, once it gets regulatory approval.

IMS agrees to $4 bln deal, biggest LBO this year

Private equity firm TPG and the Canada Pension Plan struck on Thursday the biggest leveraged buyout deal of this year, worth $4 billion, to buy prescription drug sales data provider IMS Health Inc.

Hyatt shares jump in debut on NYSE

Hyatt Hotels Corp shares jumped 8 percent in their debut on the New York Stock Exchange Thursday, spurred by the hotel company's strong balance sheet and low valuation.

In Vietnam, Capitals and Culture That Dazzle

The enormous, stately Citadel, the former palace of several emperors of the Nguyen Dynasty (1802-1945), dramatically sprouts from the north bank of the Perfume River in the old capital of Hue, in

U.S. mortgage rates drop below 5 percent: Freddie Mac

U.S. mortgage rates fell below 5 percent for the first time in three weeks, a key level that may boost home loan demand and help the hard-hit housing market recover, a closely watched mortgage survey showed Thursday.

Stocks rally on data; Cisco earnings lift techs

U.S. stocks gained sharply on Thursday after an expansion in business productivity and a fall in jobless claims boosted investor confidence about the economy, while Cisco led gains in tech shares.

Hurricane Ida pummels Nicaragua east coast

Hurricane Ida slammed into Nicaragua's Caribbean coast on Thursday after dumping heavy rain on little-developed offshore islands where hundreds of people were evacuated from flimsy homes.

RIM stock climbs on share buyback

BlackBerry maker Research In Motion Ltd announced a share buyback worth up to $1.2 billion on Thursday, but analysts said competitive concerns will continue to exert pressure on the company's stock.

IAEA found nothing serious at Iran site: ElBaradei

U.N. inspectors found nothing to be worried about in a first look at a previously secret uranium enrichment site in Iran last month, the International Atomic Energy chief said in remarks published Thursday.

U.S. Senate panel approves Democratic climate bill

A controversial climate change bill cleared its first hurdle in the U.S. Senate on Thursday, allowing President Barack Obama to tout progress in the run-up to next month's global warming talks in Copenhagen.

China's Lenovo quarterly profit more than doubles

Lenovo, the world's No.4 PC brand, reported a better-than-expected quarterly profit that more than doubled on an improving global PC market outlook, its first profit after three straight quarters of losses.

Yankees parade 2009 Tickets (Full Info)

Yankee fans will get to celebrate their 2009 World Series champion team on Friday November 6 at the parade hosted by New York City, Mayor Michael R. Bloomberg announced.

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