IBT Staff Reporter

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Silicon Valley reinvents the lowly brick

Forget microchips.Silicon Valley sees a profitable future in the humble brick thanks to a low-energy production process that illustrates the greening of the U.S. technology capital.

Canadian Hydro gets multiple proposals

Canadian Hydro Developers Inc said on Tuesday it has received a number of proposals from other suitors after opening its books to try to attract a better offer than TransAlta Corp's C$654 million ($611 million) hostile takeover bid.

Safilo says no binding offer as interest soars

Safilo said on Tuesday it had received no binding offer for the firm after shareholders in a local rival bought into the debt-laden eyewear maker and a report said another stakeholder was mulling a bid.

China buys Noble stake, seeks commodities expertise

China Investment Corp, a $200 billion sovereign wealth fund, has bought a 14.5 percent stake in trading firm Noble Group for $850 million, giving China greater exposure to global commodities and trading expertise.

Yahoo to kick off new branding campaign

Yahoo Inc said it would kick off a $100 million branding campaign next week as the No. 2 U.S. Web company seeks to revive growth and redefine itself under Chief Executive Carol Bartz.

Oil jumps more than 2 percent on dollar, Saudi

Oil prices jumped more than 2 percent to top $71 a barrel on Tuesday as the U.S. dollar fell to a one-year low against the euro and top exporter Saudi Arabia said the economy was rebounding.

Wells Fargo chairman Kovacevich to retire

Wells Fargo & Co said on Tuesday former Chief Executive Dick Kovacevich will retire as chairman on January 1 and current Chief Executive John Stumpf will take on the added role.

GM adds shifts at three U.S. plants

General Motors Co said on Tuesday that it would add shifts at three U.S. assembly plants, restoring 2,400 jobs, as it shutters other facilities or prepares them for new products.

Twitter's Stone says no ads in 2009

Twitter has no plans to put advertisements on the popular microblogging site this year, co-founder Biz Stone said on Tuesday, amid a growing push for the 2-year-old Internet sensation to begin making money.

U.S. to track greenhouse gases for first time

The U.S. government will begin requiring big companies to monitor and report greenhouse gas emissions, officials said on Tuesday, a move that could make it easier for federal regulators to cut emissions if Congress does not pass a climate change bill.

Photographers sue Bundchen, Brady over shooting

News agency Agence France Presse and two photographers sued NFL star Tom Brady and his supermodel wife Gisele Bundchen over an incident in which they allege the couple's bodyguards fired on the photographers.

North American firms think local for carbon offsets

When it comes to offsetting carbon footprints, European companies seek offsets sourced from far off, romantic countries, while North American firms prefer those generated by local clean energy projects, a survey found.

Blackstone, Lion get $3.85 billion Orangina bid

Japanese brewer Suntory SUNTH.UL has made a binding bid for soft drinks maker Orangina Schweppes, its private equity owners said, in a sign buy-out houses may find it easier to exit investments.

Intel aims to move beyond PC to 'Personal Computing'

Intel unveiled a new software platform to help usher in its vision of an electronic world where devices -- ranging from data servers to mobile handhelds -- will deploy familiar and easy to use interfaces , while expanding its reach to broader markets.

Wall Street rises on recovery bets; Fed in focus

U.S. stocks rose on Tuesday, as investors bet that the U.S. Federal Reserve will stick to its accommodative policy to foster the economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.

Lebanon's Madoff embarrasses Hezbollah

Those who know wealthy Lebanese Shi'ite financier Salah Ezz el-Din say he is a deeply pious, humble man whose close links to Hezbollah made his credentials impeccable as he allegedly embezzled their savings.

British graduate scores in sandwich-board job hunt

In a pinstripe suit, silk tie and polished shoes, David Rowe has all the trappings of a successful London city worker, except for one stark difference -- he is wearing a sandwich board that says JOB WANTED.

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