IBT Staff Reporter

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Nike beats on cost cuts, shares rise

Nike Inc reported a stronger-than-expected quarterly profit as cost cutting and a lower tax rate more than offset revenue declines, sending its shares up 4.2 percent.

Stephanie Pratt will leave 'The Hills'

The Hills actress Stephanie Pratt says she won't return to the reality show after this season. Pratt denied that she is leaving the reality show due to the drama with Kristin Cavallari, the new cast member.

Motorola Cliq out in October

T-Mobile announced on Tuesday that the Motorola Cliq, Motorola's first smartphone on Google Android platform and a potential booster, will be available next month.

Toyota plans massive recall for dangerous floormats

Toyota Motor Corp said on Tuesday it will recall some 3.8 million vehicles -- including its popular Prius hybrid -- because of the risk a floormat could keep the accelerator pedal forced down, a problem suspected in a recent fatal crash.

Follow the money to green power

A green power building spree is on the way, and much of it will be brought to you by the same people who built the nuclear and coal-fired power plants that keep the lights on now.

Iran says will not discuss second nuclear plant

Iran said on Tuesday it would not discuss a previously secret nuclear plant at international talks this week but Washington vowed to bring it up and demanded Tehran prove it is not developing an atomic weapon.

Jabil Circuit Q4 tops Street, shares rise

Electronics maker Jabil Circuit Inc posted better-than-expected quarterly results helped by cost cuts and market share gains, and guided first-quarter results above Wall Street estimates, sending its shares up 8 percent after the bell.

CCMP hires former Anadarko COO Kurz

Private equity firm CCMP Capital Advisors said on Tuesday it hired former Anadarko Petroleum Corp Chief Operating Officer Karl Kurz to help with the firm's energy investments.

Nike beats Street despite revenue decline

Nike Inc reported a first-quarter net profit on Tuesday that beat Wall Street estimates as the company cut costs to counter fewer orders and revenue declines in most of its key geographic regions.

Appeals court dismisses Dan Rather's suit vs. CBS

A New York state appeals court on Tuesday dismissed former TV newsman Dan Rather's lawsuit against CBS Corp in which Rather claimed he was made a scapegoat in a scandal over a 2004 report on then-President George W. Bush's military record.

DJ AM death ruled an accidental overdose

The death of celebrity disc jockey DJ AM was caused by an accidental drug overdose, and eight different substances were found in his body, the New York City Medical Examiner's office said on Tuesday.

Daily Wrap Up - Sept. 29 Tech

Dell Inc on Monday unveiled its latest high-end, ultra-thin personal computer, bringing some fresh design appeal to its enterprise models.

Reality TV show to dump Jon, become Kate Plus 8

The breakdown of the marriage U.S. reality television stars Jon and Kate Gosselin has made its mark on the television show that chronicles their lives, with its title being changed to Kate Plus 8.

Madoff scandal prompts dozens of SEC reforms

After dismissing complaints that might have uncovered Bernard Madoff's $65 billion fraud, the U.S. Securities and Exchange Commission must reform how it reviews tips and conducts examinations, the SEC's internal watchdog said on Tuesday.

Fed pursues tough new U.S. credit card rules

The U.S. Federal Reserve on Tuesday proposed tough new credit card rules to protect consumers from potentially costly practices by lenders and moved to implement legislation enacted in May.

Google to expand Wave testing, eyes Wave store

Google Inc's highly anticipated real-time communications service is not ready for prime time, but the company said on Tuesday it was on track to begin the biggest field test yet of the potentially groundbreaking Google Wave.

Savannah Gold to list in Canada next year

Privately held Savannah Gold Ltd is seeking 1 million pounds in fresh investment to launch a drilling programme in Nigeria, and hopes to list the firm in Canada in the middle of next year.

Retrofitting Old Buildings For Green Savings

Retrofitting old office buildings can reduce their energy usage and make them more desirable for commercial customers. It also can cut down on greenhouse-gas emissions since commercial real estate is responsible for 20 percent of U.S. energy use, environmentalists say.

UK Internet ad spend overtakes TV for first time

Spending on Internet advertising in Britain grew 4.6 percent in the first half of 2009, outperforming the wider ad sector, which slumped 17 percent, and making it the country's biggest ad medium ahead of TV.

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