IBT Staff Reporter

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Nokia to skip operator tailoring for Linux phones

Nokia Oyj plans to skip tailoring software of its upcoming top-of-the-range model N900 to different operators, raising the risk some carriers, who focus on integrating their own software, could refuse to offer the model.

Goldman boss says anger over pay justified

The head of U.S. bank Goldman Sachs said on Wednesday that anger over bankers' pay was understandable and appropriate, and that greater scrutiny of trade in complex instruments was needed to keep banks in check.

Lawyers seek $245 mln in U.S. IPO suit settlement

Lawyers in a $586 million settlement of IPO litigation stemming from the demise of the Internet stocks bubble want to be paid $245 million, nearly three times the average for such large settlements, according to court papers filed on Tuesday.

Karzai defends Afghanistan election as honest

Incumbent Hamid Karzai defended last month's Afghan presidential election as honest on Wednesday, a day after returns showed him on course to win in a single round but a U.N-backed panel also ordered a partial recount over fraud.

Brazil's Tivit, owners may raise $430 mln in IPO

Brazilian technology services provider Tivit and stockholders filed on Wednesday to sell up to 785 million reais ($430 million) in an initial public offering, the company's third attempt to go public.

What's at stake in Obama healthcare speech

President Barack Obama puts himself squarely into the center of the debate over U.S. healthcare reform, his top domestic policy priority, with a high-stakes address to Congress Wednesday.

Germany wants loan back if GM keeps Opel-FinMin

Germany expects General Motors to pay back a 1.5 billion euro loan made to help Opel if GM keeps its European unit, Finance Minister Peer Steinbrueck was quoted as saying in a newspaper interview published on Wednesday.

5 Ways to Boost Your Work Performance Outside the Office

Unless you're just counting down the days till you can quit, chances are, you want to do well in your job. Perhaps you're making an effort to manage your time well in the office, to network with colleagues, and to bring energy and enthusiasm to your projects.

Lone Star's purchase of Japan REIT blocked: BLife

U.S. investment fund Lone Star LS.UL has been unable to get the green light from creditors for its planned acquisition of a failed Japanese real estate investment trust (REIT), the second time the deal has been blocked, rival bidder BLife Investment said.

China's CNPC gets $30 billion loan for overseas buys

China National Petroleum Corp (CNPC), parent of Asia's largest oil and gas producer PetroChina, said it secured a $30 billion state loan to fund overseas expansion, as Beijing seeks to secure resources for the world's fastest-growing major economy.

Kraft looks to slash supplier base

Kraft Foods Inc plans to cut its supplier base in half, a move that would affect more than 30,000 companies, as the largest North American food maker looks to save more than $300 million a year.

Goldman CEO warns against regulatory overkill

Goldman Sachs Chief Executive LLoyd Blankfein urged policymakers keen to rebuild confidence in financial markets to refrain from creating a system designed solely around protecting us from the 100-year storm.

Oil prices approaches $72 on falling dollar

Oil prices rose toward $72 a barrel on Wednesday, extending gains of more than $3 the previous day as a falling dollar spurred investors to buy commodities such as oil as a hedge against inflation.

Talbots loss tops expectations

Talbots Inc posted a quarterly loss on Wednesday that was not as deep as expected, signaling that the retailer's attempts to turn around its business through cost-cutting efforts and better merchandising are paying off.

McDonald's same-store sales up 2.2 percent

McDonald's Corp posted a 2.2 percent rise in sales at existing restaurants worldwide, disappointing some investors and sending its shares down 2 percent in premarket trading.

Mariah Carey is pregnant?

Ellen DeGeneres tried to make Mariah Carey confess whether she is pregnant or not on her show on Monday, but in an unusual way. She asked Carey if the rumors that she is pregnant were true. The diva who appeared on the show wearing a loose casual shirt asked her not to discuss that issue and DeGeneres agreed. Immediately she opened up a champagne bottle and offered a zip to Carey.

10 Tips for Boosting Curb Appeal

Trim shrubs and trees in the front yard; a homebuyer should be able to see your home's architectural features (such as that beautiful picture window). Tidy up your yard; put away hoses, trash cans, etc.

Berlin's electronics fair pushes greener future

Red may be the official color of Berlin's IFA electronics fair but companies exhibiting there have chosen to show their green side as they prepare for new EU energy conservation legislation that will take effect in 2010.

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