IBT Staff Reporter

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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.

SEC mulls securities lending as risks exposed

U.S. securities regulators are eyeing new restrictions on the multi-trillion dollar securities lending market used by short-sellers after the credit crisis revealed the industry was anything but low risk.

New Ecuadorean judge named to hear Chevron case

A court in the Ecuadorean jungle region where giant U.S. oil producer Chevron Corp faces a $27 billion environmental damages suit has named a new judge to hear the case, after the previous one quit amid a bribery scandal.

Air fare sales hint at weak winter travel demand

U.S. airlines have slashed capacity, and recession-battered demand is showing signs of returning, but carriers like Southwest Airlines may scramble to fill planes this winter with big fare discounts, a fare expert said on Tuesday.

UPDATE 1-Accretive Health aims for $200 mln IPO

Accretive Health Inc AH.N, a provider of technology and services aimed at helping hospitals manage their revenue cycles, plans to raise as much as $200 million in an initial public offering, according to a prospectus filed with U.S. regulators.

U.S. Sen. Dodd urges plan to create super bank cop

A top U.S. senator said on Tuesday that he is moving forward with his effort to consolidate bank supervision into a single federal regulator, despite criticism from current bank regulators who do not want to lose their authorities.

Home prices stabilizing but wariness remains

Home prices fell at a slower rate in July, continuing a six month trend earlier in 2009, but concerns about longer term stability remain, according to the latest report of the S&P Case Schiller Home Price Indices.

No truth to CIT-IndyMac merger talk: source

CIT Group Inc shares surged on Tuesday following a newspaper report that hedge fund Paulson & Co wants to combine the cash-strapped lender with a Paulson-affiliated bank once known as IndyMac. But a person familiar with the matter denied the report.

Jon Gosselin not fired but TLC confirms Kate Plus Eight

TLC network made a major change and has decided to air Kate Plus 8. Although the network is not completely cutting its exclusive relationship with Jon Gosselin, from now on the soon to be ex-husband of Kate would be appearing less often in the show.

Warner, YouTube confirm music video deal

Warner Music Group and Google Inc's YouTube said on Tuesday they have reached a deal which will see music videos from artists such as Madonna and Green Day once again feature on the popular website.

SEC told to aggressively assess tips after Madoff

After dismissing complaints that might have uncovered investor Bernard Madoff's $65 billion fraud, experienced U.S. Securities and Exchange Commission staffers must have a procedure in place to review tips and complaints, the SEC's internal watchdog said on Tuesday.

UPDATE 1-Goodyear union contract saves $215 mln over 4-yrs

Goodyear Tire & Rubber Co expects to save $215 million under a four-year contract with the United Steelworkers union that the company said on Tuesday gives it flexibility to change schedules, work rules and adjust the size of the workforce.

U.S. mortgage rates stay at May low: Freddie

U.S. mortgage rates held at their lowest level since late May in the latest week, low enough to continue to spur home loan demand and help the hard-hit U.S. housing market recover.

Pick 'n' Pay sees FY profit up to 15 pct higher

Africa's second-biggest grocer Pick 'n' Pay Holdings Ltd said on Tuesday it expects to report an 8-15 percent rise in full year headline earnings per share, sending its shares down more than 4 percent.

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