IBT Staff Reporter

Private equity firm Kohlberg Kravis Roberts & Co is preparing for an initial public offering for discount retailer Dollar General, a source said, and others are speculated to follow as it looks to take advantage of a recent rise in equity markets.

A China-based cyber attack on Saturday shut down online bookings for a leading Australian film festival, days before a controversial visit by a leading critic of Beijing, organizers said.

Yahoo Inc is considering developing new real-time search capabilities, even as it outsources its existing Internet search technology to Microsoft Corp.

Wall Street may have momentum on its side next week as the S&P 500 tries to puncture the 1,000 level, but the rally's staying power will depend on whether U.S. data and corporate earnings provide more signs of economic stabilization.

Amazon.com ate my homework.That's a legitimate excuse for one high-school student whose notes for a homework assignment vanished when the online retailer remotely deleted digital copies of George Orwell's 1984, off consumers' Kindle devices.

Private equity firm Kohlberg Kravis Roberts & Co is preparing up to six companies for initial public offerings in the next year, the Financial Times reported in its Saturday edition.

Philippines Former President Corazon Aquino who led the 1986 Philippines 'People Power' in peaceful way had passed away her son confirmed.

The Federal Communications Commission is seeking additional information about Apple Inc's decision to reject Google Inc's voice application for the iPhone.

Allen Stanford, the Texas financier accused of a $7 billion (4.2 billion pounds) fraud, replaced his criminal attorney, Dick DeGuerin, with attorneys from the Patton Boggs law firm, the law firms said on Friday.

The pension deficit of Britain's biggest 200 companies could leap to an unprecedented 110 billion pounds ($182 billion) in the next few months, consultant Aon said on Saturday.

Lender CIT Group, which recently obtained a $3 billion loan from its bondholders, said on Friday it will give $1 billion of that money to its trade finance unit.

A TechCrunch on Friday unveiled a new touch screen PC tablet, the CrunchPad, which was introduced earlier this year by Michael Arrington, and designed for optimized web applications.

Private equity firm Kohlberg Kravis Roberts & Co is preparing up to six companies for initial public offerings (IPOs) in the next year, the Financial Times reported in its Saturday edition.

Oil and gas drilling company Rowan Companies Inc said on Friday the director designated by Steel Partners II LP had resigned from its board because the activist hedge fund's stake fell below 5 percent.

The colossal water cistern set in a clearing in a hilly, heavily forested area can hold 25,000 liters of water — enough to irrigate a major food farm.

UBS AG's Chief Executive Oswald Grubel wants to run the Swiss bank's U.S. brokerage unit for at least three years and sell it later at some point, CNBC said on Friday.

In landing the first big mandate from Sanofi since the French drugmaker switched chief executives, U.S. boutique Evercore Partners gets some $13 million of fees and a league-table boost.

CDC Software Corp is hoping to ride the wave of well-received Chinese public stock offerings in the United States, but its estimated $57.6 million IPO could be hurt by weakness in the market for corporate software.

Bank of America Corp said on Friday three directors had resigned, the latest in a series of departures at the bank at a time when it is shaking up its board at the behest of the government.

General Electric Co said on Friday it had renewed its agreement to provide Wal-Mart Stores Inc's private-label credit cards for the next six years, in a move the biggest U.S. conglomerate said signaled its commitment to the credit card business.

Southwest Airlines Co's bid for bankrupt Frontier Airlines could reignite growth at the airline, but questions remain about how smoothly the famously no-frills company can integrate the two carriers.

Amazon faces a lawsuit filed by a high school student after his homework was remotely deleted on its kindle2 E-book without his consent according to the AFP reports Friday.

The U.S. Federal Deposit Insurance Corp launched the first test of its Legacy Loans Program that could eventually help banks rid their balance sheets of toxic assets so they can raise new capital and increase lending, the agency said on Friday.

Ex-Qwest Chief Executive Joseph Nacchio could get his six-year prison sentence and $52 million penalty for insider trading reduced, after an appeals court said on Friday he was improperly sentenced.

Honda is expanding a recall of three of its models to 440,000 vehicles because of a potential flaw in the airbag inflator, officials said Friday, adding that the recall started in November.

Apple Inc has released an iPhone software patch to fix a critical software bug uncovered by two independent researchers that make the devices susceptible to secret attacks by hackers.

Global handset shipments grew nearly 5 percent in the second quarter, the first quarter- on-quarter growth in 9 months, marking a reversal of course for the struggling market, researchers at iSuppli said on Friday.

British oil major BP shut Europe's second largest oil refinery on Friday after a power outage, while gasoline units were closed in France and Germany by Total and a joint venture including Shell.

A Cayman Islands court has frozen $9.2 billion of assets belonging to Saad Group, the Saudi Arabian investment firm at the center of a financial storm, including some of its equity stakes outside the Gulf.