IBT Staff Reporter

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U.S. drug agents raid Jackson doctor's office

U.S. drug enforcement agents and Los Angeles police on Wednesday raided a Houston clinic owned by Conrad Murray, the doctor who was with pop icon Michael Jackson when he died, searching for information on the singer's use of the anesthetic, propofol.

Rock and Roll Hall of Fame 2009: U2, Springsteen, Metallica

U2, Bruce Springsteen, Metallica, Stevie Wonder and Eric Clapton are some of the bands and singers scheduled to perform at the Rock and Roll Hall of Fame on October 29 and 30 in New York City's Madison Square Garden, the foundation announced today.

Mobile gadgets threaten in-flight entertainment

Airlines around the world now spend millions of dollars annually upgrading their inflight entertainment systems, but iPods and other mobile entertainment gadgets could render all that useless.

Beijing government backs BAIC's bid for overseas assets

The Beijing municipal government will fully support a bid by Beijing Automotive Industry Holding Corp (BAIC) for Ford Motor's Volvo car unit if the Chinese automaker fails in its current quest for General Motors' Opel, sources said on Wednesday.

Row brews between Germany, GM over Opel buyer

Canada's Magna is still Germany's preferred bidder for carmaker Opel, a government spokesman said on Wednesday ahead of a meeting with General Motors representatives to discuss the takeover offers.

Hubble may view Jupiter 'Scar' by Thursday: Report

The Hubble Space Telescope may beam back photos as early as Thursday of the new “scar” generated by the impact of an unknown object on Jupiter's surface, which was first observed on Sunday by amateur Australian astronomer Anthony Wesley.

Delta drops profit forecast, AirTran shares jump

Delta Air Lines Inc , the world's biggest carrier, said on Wednesday it no longer expects to make money this year, while AirTran Holdings posted a higher-than-expected quarterly profit and saw its shares jump more than 16 percent.

Bernanke fights for Fed independence, consumers

Federal Reserve Chairman Ben Bernanke on Wednesday fought hard to protect the independence of the U.S. central bank and keep responsibility for consumer protection on financial products in its hands.

GE Capital pulls back from debt program

General Electric Co has received approval to step back from a U.S. government-backed debt program, a change that the largest U.S. conglomerate said will allow it to issue some debt more cheaply.

Brazil Net Servicos Q2 profit more than quadruples

Net Servicos de Comunicacao SA, Brazil's largest cable services provider, said on Wednesday profit more than quadrupled in the second quarter after pay television and broadband Internet subscriptions surged.

DoCoMo quarterly oper profit seen down 16 pct - Nikkei

Japan's biggest mobile phone operator NTT DoCoMo Inc's group operating profit likely fell 16 percent to about 250 billion yen ($2.68 billion) in the April-June quarter as the year-earlier boost from reduced sales costs wore off, the Nikkei business daily said.

Losing excess pounds may improve balance

A small study suggests that obese adults could improve their balance by shedding pounds and boosting their muscle strength -- with weight loss being especially effective.

Administrators struggle with big bond blow ups

The fate of billions of pounds of British commercial property is in the hands of a small group of secretive administrators, leaving investors in the dark about the future returns on their bonds.

Apple helps Nasdaq, while banks curb Dow, S&P

The Nasdaq climbed on Wednesday following Apple's strong earnings, while gains in the Dow industrials and S&P 500 were curbed as top banks' disappointing results sparked renewed concerns about the financial sector's health.

World stocks down from 9-month highs

World stocks backed away from nine-month highs on Wednesday as worse-than-expected euro zone industrial figures and a warning about rising unemployment from U.S. Federal Reserve Chairman Ben Bernanke broke a seven-day winning streak.

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