IBT Staff Reporter

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Hyundai Canada offers scrappage incentive top-up

Hyundai Motor Co's Canadian unit said on Wednesday it would top up the government of Canada's vehicle scrappage incentive program by up to C$1,000 ($910) per vehicle for people who trade in old gas guzzlers for a new Hyundai.

Germany agrees plan to lead electric car market

German Chancellor Angela Merkel's cabinet on Wednesday agreed a plan to get a million electric cars on Germany's roads by 2020 and transform the country into the world's top electric car market.

New technology key to gaming sector in downturn

Luring new audiences by moving away from traditional gaming consoles is more crucial than ever as the downturn curbs consumer spending in a sector once seen as recession-proof, analysts and executives said.

JetBlue unlimited travel pass sells out early

JetBlue Airways Corp, which last week began offering a one-month unlimited travel pass, ended the sale early when the passes sold out before the promotion was set to expire, the airline said on Thursday.

Apple's Steve Jobs got rejected

Apple Inc. CEO Steve Jobs was reportedly rejected two years ago by former Palm Inc. CEO Ed Colligan when he asked for an agreement between the two companies that required them to not poach each other's workers.

U.S. condemns release of Lockerbie bomber

The United States strongly condemned Thursday's decision by Scottish authorities to free a terminally ill Libyan convicted of the 1988 Lockerbie plane bombing, saying there was no justification for his release.

GM offers dealers advances on clunkers cash

General Motors Co will provide cash advances to dealers to cover Cash for Clunkers rebates while the incentives are being processed by the U.S. government, the company said on Thursday.

Baidu Hopes New Ad System Will Give Quick Lift To Revenues, Image

Thanks to the relative growth of China's economy, the country's dominant search-engine company Baidu hasn't been hurting in terms of revenue and profits the last few quarters. But that doesn't mean everything has been going smoothly for Baidu, the WSJ says. The company, which has 62 percent of China's search market as of Q2, came under fire for not clearly identifying ads from search results. It also drew criticism on Chinese TV for running ads by unlicensed physicians.

New AIG CEO says expects to repay taxpayers: report

Robert Benmosche, the newly appointed chief executive officer of American International Group Inc , says he expects the bailed-out insurer to be able to repay its federal debts and to boost value for shareholders, according to a report by Bloomberg News.

Arms expert warns new mind drugs eyed by military

A leading expert on chemical and biological arms control called Wednesday for urgent efforts to stop new mind-altering drugs developed for medical purposes from being adopted by the military for use in warfare.

Treating heroin addiction with heroin seems viable

Injections of the active ingredient of heroin work far better than oral methadone for keeping addicts in treatment, away from illegal drugs and out of trouble, Canadian researchers reported on Wednesday.

Tests help lung cancer drugs reach right patients

Diagnostic tests that look for specific genetic or molecular characteristics may be the key to helping doctors decide which lung cancer treatments work best for patients, two studies released on Wednesday suggest.

Oil edges towards $73 on equities push

U.S. crude prices edged toward $73 as rallying equities outweighed concerns about the pace of demand recovery in the world's top consumer, the United States.

What is Caster Semenya's gender? (Photos)

South African athelete, Castor Semenya, is causing much controversy in the world of athletes after she won the women's 800m at the athletics World Championships yesterday with many left wondering about her gender.

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