IBT Staff Reporter

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Michael Phelps involved in Baltimore car accident

Michael Phelps, who holds the Olympic record with 14 gold medals for swimming, was involved in a traffic accident in Baltimore, Maryland, on Thursday night, but did not suffer any injury's, police said.

Wall Street slides after weak consumer sentiment data

U.S. stocks fell more than 1 percent on Friday after a report showed consumer sentiment weakened, while Boeing Co , a Dow component, pressured the index after flaws halted work on parts of its long-delayed jetliner.

EU doubts missing ship was victim of pirates

The European Commission expressed doubt on Friday over whether a merchant ship which has been missing for more than a week had fallen prey to pirates as the vessel's operator had suggested.

After Suu Kyi verdict, should the West engage Myanmar?

Myanmar's reduced sentence for opposition leader Aung San Suu Kyi may be an indication the junta is becoming more sensitive to international pressure as it prepares a transition to civilian rule next year, analysts say.

How do healthcare proposals compare?

When Congress returns September 8, lawmakers will continue work on an overhaul of the $2.5 trillion U.S. healthcare system. There are three different plans in the works, all containing changes that would be phased in over a number of years.

Some conditions misdiagnosed as bipolar disorder

A study published last year suggested that bipolar disorder may be over diagnosed in people seeking mental health care. Now new findings shed light on which disorders many of these patients actually have.

Obama westward bound with healthcare message

President Barack Obama is taking his healthcare reform message out west this weekend with two more public meetings seeking to overcome vociferous opposition to the $1 trillion overhaul scheme.

Air controller with link to crash in NY suspended

The air controller who handled a small plane before it collided with a helicopter over New York's Hudson River was suspended for allegedly violating procedures, but aviation officials said on Thursday they did not believe his actions contributed to the accident.

China South City aims for end-Sept HK IPO - source

China South City, a Shenzhen-based integrated logistics and trade centre operator, plans to raise at least HK$4 billion ($513 million) in a revived plan for its Hong Kong IPO by the end of September, according to a source familiar with the deal.

Mirion latest buyout-backed firm to seek IPO

Radiation detection provider Mirion Technologies Inc on Thursday became the latest private-equity backed company to file for an initial public offering, as more buyout firms try to unload some of their portfolio companies in the public markets.

Ping An's Q2 profit rises 34 pct as stocks rally

Ping An Insurance (Group) Co of China Ltd, the world's No. 2 life insurer by market value, posted a 34 percent jump in second-quarter earnings as China's stock market boom boosted investment returns.

Yen rises as investors assess risk tolerance

The yen extended gains against the euro and the U.S. dollar after a report showed U.S. consumer prices were flat in July over June but fell over the past 12 months by the most since 1950.

Canadian bank eyes Allied Irish stake: sources

A Canadian bank has held preliminary talks on buying a stake Allied Irish Banks, Ireland's second biggest bank, after it has been cleansed of risky loans, two sources familiar with the matter said.

BHP hires BofA-Merrill for Ravensthorpe sale: source

BHP Billiton has hired Bank of America-Merrill Lynch to advise it on a sale of its Ravensthorpe nickel operation in an auction which could fetch $1 billion, a source with direct knowledge of the matter said on Friday.

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