IBT Staff Reporter

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U.S. jobless rate hits 26-year high of 9.8 percent

U.S. employers unexpectedly cut more jobs in September than in August, underscoring the fragility of the economy's recovery from its worst recession in 70 years as businesses remain cautious about the future.

Ally McBeal looks for love on DVD: finally

Ally McBeal -- the quirky TV comedy whose mini-skirted neurotic star, nose-whistling lawyers and unisex bathrooms found a worldwide audience -- finally arrives in stores next week as a complete DVD series with all its original music intact.

Shadowed by giants, Milan young designers seek break

To fashionistas around the world, Milan is best known for established brands such as Giorgio Armani, Prada and Versace but its young and upcoming designers are eager to show it is also a hive of emerging talent.

Circus tycoon clowns around after space docking

Canadian circus billionaire Guy Laliberte, dubbed the first clown in space, arrived at the International Space Station in a Russian space craft on Friday on a 10-day trip that cost over $35 million.

G7 better forum for discussing forex--BOJ governor

Group of Seven financial ministers and central bank governors will likely discuss the economic and financial developments that are behind recent currency moves at their meeting this weekend, Bank of Japan Governor Masaaki Shirakawa said on Friday.

What is Google Wave?

Google began the public testing of Google wave this week, with 100,000 people invited into the testing phase, each of which can invite up to five people to join in on the testing.

Obama's hometown orchestra a hit on Europe tour

While it doesn't have the diplomatic clout of the city's favorite son Barack Obama, the Chicago Symphony Orchestra has scored a huge success in Europe, getting audiences and critics on their feet in five countries.

Tate museum pulls young Brooke Shields nude image

Britain's Tate Modern gallery said on Thursday it had closed a room at its new blockbuster exhibition that contains a naked image of actress Brooke Shields aged 10, after police launched an investigation.

Daily Outlook - Oct 2 Tech

Apple and Eminem's music publisher, Eight Mile Style LLC, reached a settlement agreement on Thursday, putting an end to a lawsuit alleging that Apple was never authorized to digitally sell 93 of Eminem's songs on iTunes.

Consumer bankruptcies soar in September

Consumer bankruptcies soared 41 percent in September from a year before and climbed from August, as high unemployment and the housing market crash took their toll, the American Bankruptcy Institute said on Friday.

U.S. consumer bankruptcies soar in September

Consumer bankruptcies soared 41 percent in September from a year before and climbed from August, as high unemployment and the housing market crash took their toll, the American Bankruptcy Institute said on Friday.

Progress plan to replace NC coal unit approved

North Carolina regulators approved Progress Energy Inc's plan to spend about $900 million to build a 950-megawatt natural gas-fueled power plant in Wayne County to replace a 406 MW coal-fired plant, the company said in a release late Thursday.

Southern Union to pay $18 mln for mercury storage

The Southern Union Co, which once owned the New England Gas Company, was sentenced on Friday to pay a $6 million criminal fine and $12 million to community initiatives for illegally storing mercury at a Rhode Island site, the U.S. Justice Department said.

Clean energy investment fell in Q3: research group

Investors worldwide poured $25.9 billion into clean energy in the last three months, down 9 percent from $28.6 billion in the second quarter, analysts at research group New Energy Finance said on Friday.

ElBaradei bound for Iran to pin down Geneva accord

The head of the U.N. nuclear watchdog will head to Iran this weekend to pin down an Iranian pledge, made at talks with big powers on Thursday, to open a newly revealed uranium enrichment site to inspections.

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