IBT Staff Reporter

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Netflix working to bring Video Streaming on your iPhone

An industry executive familiar with Netflix's plans told Multichannel about Netflix plans in extending its services. Netflix is working towards its Video Streaming development to bring videos on Apple iPhone and iPod Touch devices including Nintendo Wii.

Aug 04, 2009

Taliban rockets land near embassies in Afghan capital

Taliban militants fired at least nine rockets at the Afghan capital before dawn on Tuesday in the biggest attack of its kind for several years, some landing near major Western embassies, police and witnesses said.

Aug 04, 2009

Free chocolate cake on Obama! Domino's Pizza offer in D.C. on August 4

Fast food chain Domino's Pizza is having a giveaway in all its Washington D.C. restaurants, offering a new dessert called Chocolate Lava Crunch Cake on Tuesday, August 4, in honor of President Barack Obama's birthday.

Aug 04, 2009

Three detained Americans being questioned in Iran: TV

Iran said on Tuesday three Americans detained in the country on Friday were being questioned by Iranian authorities, al-Alam television reported.

Aug 04, 2009

Malaria may have come from chimps

Malaria may have jumped to humans from chimpanzees much as AIDS did, U.S. researchers reported on Monday in a study they hope could help in developing a vaccine against the infection.

Aug 04, 2009

U.S. consumer spending rises

U.S. consumer spending rose slightly more than expected in June, lifted by expenditures on nondurable goods even as incomes saw their biggest drop in four-and-a-half years, a government report showed on Tuesday.

Aug 04, 2009

Thai plane crashes on Koh Samui, 1 dead

A pilot died and at least seven passengers were injured when a commercial plane slid off a runway into a disused control tower on the Thai tourist island of Koh Samui on Tuesday, police and aviation officials said.

Aug 04, 2009

Handwashing, facemasks to prevent flu spread at home

Frequent handwashing and the wearing of face masks at home can help reduce the transmission of influenza viruses within the household if the measures are implemented in good time, a study in Hong Kong has found.

Aug 04, 2009

GMAC net loss widens to $3.9 billion

Auto and mortgage lender GMAC Financial Services said on Tuesday its quarterly net loss widened to $3.9 billion in the second quarter, from $2.5 billion a year ago, reflecting charges related to the company's incorporation and mortgage losses.

Aug 04, 2009

Australia police foil suicide attack on army base

Australian police arrested four men they said were linked to a Somali militant group on Tuesday, accusing them of planning a suicide attack on an army base and raising fears the al Qaeda-linked rebels were seeking targets outside Africa.

Aug 04, 2009

Saved By The Bell reunion photo and video

The Saved by the Bell gang got together for an exclusive photo shoot after airing its last show 16 years ago.

Aug 04, 2009

Private equity funds in Taiwan bank on China interest

Global private equity funds have found a window of opportunity to invest in Taiwan's financial sector, making acquisitions with the hope of turning a profit when the market opens to China Inc in the years to come.

Aug 04, 2009

Daily Outlook - August 4

Bigger spenders, Pepsi's Grab, Climate Politics

Aug 04, 2009

Bill Clinton in North Korea, meets Kim Jong-il

Former U.S. President Bill Clinton made a surprise visit to North Korea on Tuesday to try to win the release of two jailed American journalists, and met the country's reclusive leader Kim Jong-il.

Aug 04, 2009

Oil slips below $71 ahead of expected stock build

Oil fell below $71 per barrel on Tuesday, paring three days of gains as expectations for a rise in U.S. crude inventories offset optimism over positive U.S. and Chinese manufacturing data.

Aug 04, 2009

GMAC net loss widens to $3.9 bln

Aug 04, 2009

China says it holds 718 in Xinjiang over July riots

Chinese police have detained 718 people suspected of involvement in deadly ethnic rioting in northwestern Xinjiang region last month, the official Xinhua agency said on Tuesday.

Aug 04, 2009

Ocwen Q2 profit beats market, plans $250 million offering

Ocwen Financial Corp's quarterly income from continuing operations beat market expectations, helped by higher revenue from process management fees and a fall in total operating expenses, and said it plans a $250 million stock offering.

Aug 04, 2009

Mousavi: accidental hero of Iran's opposition

Mirhossein Mousavi's credentials as a loyal servant of Iran's revolution may help explain why he has escaped arrest for leading protests against an election he says was stolen to keep President Mahmoud Ahmadinejad in power.

Aug 04, 2009

Citi Indonesia may grow through acquisitions

The Indonesian unit of Citigroup is interested in possible acquisitions in Indonesia's bank sector, Country Officer Shariq Mukhtar told Reuters in an interview on Tuesday.

Aug 04, 2009

Iranian moderate vows to keep pressure on president

Prominent defeated presidential candidate Mehdi Karoubi on Tuesday vowed to keep up pressure on President Mahmoud Ahmadinejad whose re-election sparked off Iran's worst unrest since the Islamic Revolution of 1979.

Aug 04, 2009

HSBC in talks to form securities JV in China

HSBC Holding Plc, Europe's biggest bank, is in talks to set up an investment banking joint venture in China, a senior bank executive said, adding that acquisition prospects in Asia are too expensive and that the bank will focus on organic growth.

Aug 04, 2009

ANZ, StanChart eye M&A in Asia to bolster growth

Australia and New Zealand Banking Group Ltd (ANZ) and Standard Chartered Plc lined up opportunistic buys in Asia, seeking growth in a region expected to lead the world out of recession.

Aug 04, 2009

Israel's Barak says U.S. to present peace plan soon

Israeli Defense Minister Ehud Barak said on Tuesday the United States would present a Middle East peace plan within weeks and Israel should accept it.

Aug 04, 2009

North Korea's missile arsenal

Former U.S. President Bill Clinton arrived in North Korea on Tuesday to try to negotiate the release of two U.S. journalists convicted by the communist state of grave crimes, South Korea's Yonhap news agency said.

Aug 04, 2009

Goldman employees told no big purchases: report

Goldman Sachs Group Inc Chief Executive Lloyd Blankfein told employees to avoid making high profile purchases, the New York Post said, citing sources.

Aug 04, 2009

Bill Clinton in North Korea to win reporters' release

Former U.S. President Bill Clinton made a surprise visit to North Korea on Tuesday to try to win the release of two jailed American journalists, a move some analysts said could mark the isolated state's return to talks over nuclear weapons.

Aug 04, 2009

CVS Caremark posts higher profit, raises view

CVS Caremark Corp posted a bigger-than-expected jump in quarterly profit on Tuesday, aided by new stores and increased demand as consumers bought Easter treats and products to combat the H1N1 flu.

Aug 04, 2009

Lower open eyed as mixed data spark caution

U.S. stocks headed for a lower open on Tuesday as a mixed data on June personal consumption and expenditures sparked caution, and investors set out to book profits a day after Wall Street rallied to a fresh nine-month closing high.

Aug 04, 2009

Consumer spending rises in June, incomes fall

U.S. consumer spending rose slightly more than expected in June, a government report showed on Tuesday, likely pushed up by higher gasoline prices, and incomes saw their biggest drop in four-and-a-half years.

Aug 04, 2009