IBT Staff Reporter

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Commercial green fuel from algae still years away

Filling your vehicle's tank with fuel made from algae is still as much as a decade away, as the emerging industry faces a series of hurdles to find an economical way to make the biofuel commercially.

Tengzhong may finalise Hummer deal Friday

China's Tengzhong may finalise a deal with General Motors Co [GM.UL] on Friday to acquire the U.S. automaker's Hummer business for about $150 million, a source familiar with the deal said.

Berlin confident EU partners will aid Opel

A German-brokered deal to rescue Opel will not collapse due to a lack of support from other European countries hosting the carmaker's plants, Chancellor Angela Merkel's spokesman was quoted as saying on Thursday.

Big Norway fund criticizes VW over Porsche dealings

Norway's sovereign wealth fund, Europe's biggest equity investor, on Wednesday criticized German auto maker Volkswagen (VOWG.DE) for plans to take over some Porsche assets, which it called costly and unacceptable.

Daily Wrap Up - Oct. 8 Tech

A group of Republicans and Democrats in the U.S. House of Representatives called on the Federal Communications Commission to investigate Google Inc's ability to block calls to rural telephone exchanges.

GM will look to sell ex-Delphi steering unit

General Motors Co GM.UL will look to sell the steering business it took back from former parts subsidiary Delphi under a deal that closed this week, the automaker said in a letter to its suppliers.

Jobless claims hit 9-month low, retail sales rise

The number of U.S. workers filing new jobless claims hit a 9-month low last week, and retailers posted their first monthly sales gain in over a year, easing fears recovery from recession would be unsustainable.

Mercedes sticks to Magna, gives gullwing body order

Magna International Inc (MGa.TO) received a prestigious order from Daimler (DAIGn.DE), its fifth biggest customer, in a sign of faith that it would not pull business from the auto parts supplier despite the Canadian company's planned Opel deal.

Czech president makes new demand over EU treaty

Czech President Vaclav Klaus raised a new obstacle to the European Union's Lisbon reform treaty on Thursday, telling EU president Sweden he wants a footnote added to the document before signing it into force.

Mayor Bloomberg: New York is city of immigrants

New York Major Michael Bloomberg announced Tuesday platform for the next mayoral elections saying that American visa holders and American immigrants have made the Big Apple the city that it is and deserve to be recognized.

A new view of Uluru, Australia

A new viewing platform has been opened at Uluru (Ayers Rock). The platform - named Talinguru Nyakunytjaku, or ‘place to look from the sand dune' in the Aboriginal

Healthcare reform gathers steam

President Barack Obama's push for healthcare reform gathered steam on Thursday as a Senate panel scheduled a key vote and Democrats in the House of Representatives moved closer to hatching a bill.

Shell carbon plan wins Canadian government funding

The Canadian and Alberta governments have promised C$865 million ($823 million) to help oil major Royal Dutch Shell Plc develop carbon capture and storage at its oil sands processing plant in an effort to help meet goals to curb global warming.

Car-less Camping in the U.S.

Car-less camping isn't for sissies. You can experience situations that range from annoying to scary. Maybe you'll carry a heavy backpack on a long walk from a bus stop to your campsite. An electrical

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