IBT Staff Reporter

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Roubini sees big risk of double-dip recession: report

Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world's recent financial troubles, sees a big risk of a double-dip recession, according to an opinion piece posted on the Financial Times' website on Sunday.

Paulie malignaggi loses to Juan Diaz

Former junior welterweight title holder, Paul Malignaggi, lost Saturday night to Juan Diaz in a closely contested fight in Houston, Texas.

Apple says Google Voice app alters iPhone

IPhone maker Apple Inc told U.S. regulators it has not approved Google Inc's Voice application, which could challenge the wireless industry's giants, because it interferes with the iPhone user experience.

Qwest cuts awards for CEO, other top execs

Qwest Communications International Inc said it has eliminated tens of thousands of dollars of annual payments to cover expenses of its chief executive and other top officials.

Ex-Lehman CEO Fuld sells New York co-op for $26 million

Here's a rare spot of good news for former Lehman Brothers Chief Executive Richard Fuld: the vilified Wall Streeter and his wife, Kathleen, sold their Park Avenue apartment for $25.9 million, according to New York City property records.

Hurricane Bill brings rain, wind to eastern Canada

Hurricane Bill brought rain and heavy winds to Nova Scotia in eastern Canada on Sunday, but the Category 1 storm caused little serious damage as it moved northeast toward the region's offshore oil and gas facilities.

Tarantino's Nazi movie slays at box office

Nazis and Quentin Tarantino proved a lethal combination at the worldwide box office as the bad-boy director topped the weekend charts with his violent World War Two movie

Woman sues zoo over splashing dolphins

A woman is suing a Chicago-area zoo for a 2008 fall near a dolphin exhibit, accusing zookeepers of encouraging the mammals to splash water and then failing to protect spectators from wet surfaces, local media reported on Thursday

Burglary reported at Lindsay Lohan's L.A. home

Police were called for the second time in three months to the Hollywood Hills home of actress Lindsay Lohan on Sunday to investigate a reported burglary there, a police spokesman said.

Central bankers stress not rushing for exits

If there was one message from central bankers gathered at this mountain retreat this weekend it was this: Don't expect us to raise interest rates any time soon.

Stocks may fly on housing, consumers

Is it game over for the recession? Or will consumers stay in hibernation?

Rival Koreas meet ahead of state funeral

The funeral on Sunday of former South Korean President Kim Dae-jung, whose efforts to reconcile the divided peninsula won him the Nobel Peace Prize, was marked by the rival Koreas' first top level talks in nearly two years.

Afghan challenger says election widely rigged

Afghan President Hamid Karzai's main challenger said on Sunday he had evidence last week's election had been widely rigged by the incumbent and that he had lodged more than 100 complaints.

New deficit projections pose risks to Obama's agenda

President Barack Obama's domestic policy proposals will face the reality of skyrocketing deficits on Tuesday when officials release two government reports projecting huge budget shortfalls over the next decade.

Encyclopedia of Life grows; clues on ageing, pests

An online encyclopedia aiming to describe every type of animal and plant on the planet has reached 170,000 entries and is helping research into aging, climate change and even the spread of insect pests.

UBS chairman says clients not harmless victims: report

Clients of UBS facing disclosure of their accounts to U.S. tax authorities were not harmless victims and legal cases against former UBS bankers did not affect the bank, its chairman told Swiss Sunday newspapers.

Merkel says GM decision on Opel urgently needed

German Chancellor Angela Merkel expressed her regret at General Motors' failure to choose a buyer for its German unit Opel, and said that a decision was urgently needed for the carmaker's future.

GM decision on Opel buyer urgently needed: Merkel

German Chancellor Angela Merkel expressed her regret at General Motors' failure to choose a buyer for its German unit Opel, and said that a decision was urgently needed for the carmaker's future.

Sean Kingston album gets fans online with karaoke

Most music videos might not have the promotional impact they used to. But what about videos that make fans the star, allow them to sing with an artist and seem to pop out of the screen?

ECB's Trichet warns on complacency as economy heals

European Central Bank President Jean-Claude Trichet warned policy-makers from around the world on Saturday not to forget the lessons of the devastating financial crisis now that the worst has passed.

Red Cross given access to secret US detainees: report

The U.S. military has begun to share with the International Committee of the Red Cross the identities of militants held in secret camps in Iraq and Afghanistan, The New York Times reported on on Saturday.

Fed can promise low rates, low inflation: Kohn

U.S. Federal Reserve Vice Chairman Donald Kohn said on Saturday there is no inconsistency between the Fed's pledge to keep interest rates low for an extended period while also keeping inflation low.

Apple's response to FCC inquiry over Google Voice dilemma is 'a total lie'

Apple officially responded to an inquiry from the Federal Communications Commission and explained its role in the absence of Google Voice from the App Store.

Report: NASA considers out-sourcing more work

In an surprise move, the U.S. space program may turn to private contractors to most of the work now handled by government workers, officials say.

Iran clerics oppose Ahmadinejad on women ministers

Some senior clerics want Iranian President Mahmoud Ahmadinejad to reconsider the nomination of three women as ministers in his new government, a conservative lawmaker was quoted as saying on Saturday.

Google under tech attack for its 'monopolizing' techniques

Amazon, Microsoft and Yahoo have joined an alliance in a bid to fight Google over the search giant's plans to commercialize a huge digital library of books.

Hurricane Bill heads north, eastern Canada on alert

Hurricane Bill trekked north toward eastern Canada on Saturday, buffeting the U.S. East Coast with dangerous heavy swells after brushing Bermuda with rain and powerful churning surf.

$3 million Marden painting destroyed in transit: lawsuit

A $3 million painting by U.S. artist Brice Marden was destroyed during a move from Moscow to New York because of negligence by Lufthansa Cargo and others involved in the move, according to a federal lawsuit.