IBT Staff Reporter

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Apple confirms music event on 09/09/09

Apple confirmed Monday that its hosting a special, invitation-only event for September 9, 2009, confirming rumors that have circulated for the past couple of weeks.

UPDATE 5-Baker Hughes to buy BJ Services for $4.9 bln

NEW YORK - Oilfield services company Baker Hughes Inc said on Monday it would buy smaller peer BJ Services Co for $4.9 billion to create a one-stop shopping destination for its oil and gas producing customers and better take on the industry's leaders.

Germany probes election data release via Twitter

German election officials said on Monday they were investigating whether exit poll data were made public on Twitter before polls closed on Sunday and there might be an appeal against the result if laws had been broken.

Disney to acquire Marvel for $4 billion

Walt Disney Co agreed buy Marvel Entertainment Inc for $4 billion in a deal that would add characters such as Iron Man, Spider-Man and the Fantastic Four to its entertainment empire.

Allen Stanford to undergo heart tests: lawyer

Allen Stanford, the Texas financier accused of a $7 billion fraud, is still hospitalized and will undergo tests to determine if there is blockage of veins or arteries in his heart, his lawyer's office, said on Monday.

Gates encouraged by Lockheed's work on F-35

U.S. Defense Secretary Robert Gates on Monday said he was encouraged by Lockheed Martin Corp's efforts to address issues with the F-35 fighter, and said company officials clearly understood the importance of keeping the program on cost and on schedule.

Daytime Emmy Awards

Host Vanessa Williams performs with actor Gilles Marini during the 36th Annual Daytime Emmy Awards at the Orpheum Theatre in Los Angeles, August 30, 2009.

Gates sees consensus on need for U.S. defense reforms

FORT WORTH - U.S. Defense Secretary Robert Gates on Monday cited consensus among lawmakers, the Pentagon and the White House on the need to reform the defense acquisition process, especially given the current economic situation.

Sun Belt Real Estate Markets Struggle

In many of the Sun Belt cities, growth from 2002 to 2006 was tied to real estate and construction. Now, the economies and foreclosures in those places are worse than in other regions.

5 Steps to Financing a Sale

Selling a home and helping the buyer finance may be a good option to getting a house sold, experts say. Yet it is imperative that the seller thoroughly investigate the buyer's finances before agreeing to the deal.

Dangerous hurricane headed for western Mexico

Hurricane Jimena, a dangerous Category 4 storm, churned toward Mexico's Baja California Peninsula on Monday, headed for the upscale resort of Los Cabos where residents and tourists stocked up on fuel and food.

Hurricane Jimena's track, latest forecast (track map)

Hurricane Jimena, an extremely dangerous category 4 hurricane, is approaching with maximum sustained winds of 150 miles per hour to the southern portion of Mexico's Baja California Peninsula prompting a hurricane warning for the area, the U.S. National Hurricane Center reported Monday afternoon.

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