IBT Staff Reporter

122701-122730 (out of 154945)

EMC co-founder Richard Egan dies

The billionaire co-founder of top data storage equipment firm EMC Corp (EMC.N), Richard Egan, died on Friday, a spokesman for the company said in an emailed statement.

For stocks, summer ends with jobs data

The last week of summer could prove to be anything but relaxing for stock investors worried about the economy, with the crucial August jobs report on the agenda.

German left hopes to unsettle Merkel in state votes

Voters in three German states headed to the polls on Sunday for regional elections that are seen as a key test of sentiment before a federal vote next month in which Chancellor Angela Merkel hopes to win a second term.

Serious fraud complaints double in Afghan vote

Afghanistan's election fraud watchdog said on Sunday it is probing 567 allegations of abuse it considers serious enough to affect the outcome of the Aug 20 vote, more than double the number announced two days ago.

Iran's Ahmadinejad may face battle over new cabinet

President Mahmoud Ahmadinejad's proposed new cabinet came in for criticism from some lawmakers in a heated parliamentary debate Sunday, but one senior MP signaled support for the surprise oil minister nominee.

Lockerbie bomber release linked to oil deal: report

Britain agreed to include Lockerbie bomber Abdel Basset al-Megrahi in a prisoner transfer deal with Libya because of overwhelming interests shortly before an oil deal was sealed with Tripoli, a newspaper reported on Sunday.

Japan opposition crushes LDP in historic election

Japanese voters swept the opposition to a historic victory in an election on Sunday, ousting the long-ruling conservative party and handing the novice Democrats the job of reviving a struggling economy.

GM to form China venture, invest $293 million

General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million).

Rep. Frank eyes Fed audit, emergency lending curbs

Rep. Barney Frank, the chairman of the U.S. House of Representatives Financial Services Committee, said he plans legislation to restrict the Federal Reserve's emergency lending powers and subject the central bank to a complete audit.

LG to unveil 15-inch OLED TV

South Korea's LG Electronics said on Sunday it would launch a 15-inch television set using organic display technology next month, the largest commercial model so far.

Rep. Frank seeks compromise on Fed audit bill

Rep. Barney Frank, the chairman of the U.S. House of Representatives Financial Services Committee, hopes to craft a compromise bill with lawmakers who want to open Federal Reserve monetary policy decisions to audits, a spokesman for Frank said on Saturday.

AIG weighing many options for ILFC: sources

American International Group Inc and Steven Udvar-Hazy, head of its International Lease Finance Corp unit, are weighing several options for the aircraft leasing business, including breaking up the company, two sources familiar with the matter said on Saturday.

Obama hails Kennedy as greatest legislator

President Barack Obama hailed Senator Edward Kennedy as the greatest legislator of our time at the funeral on Saturday of the towering politician and patriarch of the pre-eminent American political dynasty.

DJ AM found dead in New York apartment

DJ AM, the stage name of disc jockey Adam Goldstein whose music could be heard on albums by Madonna and Will Smith, was found dead in his New York apartment on Friday, police said. He was 36.

ILFC CEO in talks to buy part of company-report

CHICAGO - The CEO of International Lease Finance Corp, the aircraft leasing company owned by insurance giant American International Group (AIG.N), is in early talks to buy a portion of ILFC's aircraft portfolio and start a new leasing company, the Wall Street Journal reported on Saturday.

Hurricane Jimena forms, Danny weakens to depression

Hurricane Jimena formed in the eastern Pacific near the Mexican resort of Acapulco on Saturday, but in the Atlantic Tropical Storm Danny weakened to a tropical depression and storm alerts were discontinued for the North Carolina coast.

Lockerbie bomber says backs call for inquiry

The man convicted of the Lockerbie bombing that killed 270 people said he would cooperate with a fresh public inquiry and provide documents he has, a newspaper reported on Saturday.

Taiwan president has no plans to meet Dalai Lama

Taiwan President Ma Ying-jeou will not be meeting the Dalai Lama when the exiled Tibetan spiritual leader visits next week, the president's office said on Saturday, a move aimed at avoiding renewed tensions with China.

Japan election pledges and how the main parties differ

Polls show the main opposition Democratic Party of Japan (DPJ), which has vowed to put more money in the hands of households, looks poised for a huge win over the ruling Liberal Democratic Party (LDP) in Sunday's election.

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