IBT Staff Reporter

Today marks the 40th anniversary of when Neil Armstrong took his first steps on the moon. Today to mark the anniversary of Apollo 11 Google earth reached out for the moon allowing users to have a close up look at the moon.

Google Inc is not responsible for allegedly defamatory online comments that appeared in its Internet search results, a British judge ruled in a decision made known on Monday.

Golden Gate Capital has presented the “highest and best offer” of $268 million in cash for Eddie Bauer Holdings Inc, the bankrupt retailer said on Monday.

CIT Group Inc secured a $3 billion loan facility from its bondholders on Monday and said it plans a comprehensive restructuring of its liabilities, but gave few details.

After a tense week of negotiations, CIT Group inc on Wednesday announced that it has entered into a $3 billion loan facility provided by a group of its major bondholders and will begin to restructure its liabilities to provide additional liquidity and improve its capital position.

Morgan Stanley shook up its fixed-income trading leadership, two days before the Wall Street bank is expected to announce a second-quarter loss.

Warner Music Group, the world's third largest music company, is still in talks with video sharing site YouTube to license its artists' music videos even after all its major rivals have renewed their deals.

At Microsoft's research center in a leafy lane in India's tech capital, a new generation of researchers are being groomed half a world away from the software giant's sprawling headquarters in Seattle.

A U.S. judge delayed the trial of a former Credit Suisse Group AG employee on securities fraud charges to await the return on Monday of a co-defendant who fled to Spain.

Ten years after a government crackdown drove it underground in China, Falun Gong is trying to position itself to get U.S. government funds to help defeat Internet censors worldwide.

Top U.S. bookseller Barnes & Noble Inc announced on Monday the launch of the world's largest online bookstore, with over 700,000 titles that can be read on a range of platforms from Apple's iPhone to personal computers.

Corrects quote in paragraph five to closed societies from free societies

Corrects sixth paragraph to reflect that Sony had earliest e-reader launch, not Amazon

U.S. lender CIT Group Inc said on Monday it secured a $3 billion credit facility from bondholders and would start a comprehensive restructuring, in moves seen crucial for the company to avoid a bankruptcy filing.

Twenty three tech companies are sued for patent infringement filed by a company named Tsera, LLC in the Eastern District of Texas in a Tyler court

President Barack Obama said on Monday that Wall Street banks had failed to show remorse for the wild risks that triggered a financial meltdown and helped to push the United States into recession.

CIT Group Inc anounced Monday it has entered into a $3 billion credit facility and has initiated a recapitalization plan:

CIT Group Inc has clinched $3 billion of emergency financing from bondholders, keeping the struggling lender out of bankruptcy, a person close to the matter said.

The International Monetary Fund (IMF) has backed an allocation of Special Drawing Rights (SDRs) equivalent to $250 billion to boost global liquidity by supplementing the Fund's 186 member countries' foreign exchange reserves.

Texas Instruments Inc posted a stronger-than-expected quarterly profit and outlook, but was wary about declaring that the worst was over for the economy and demand for its chips.

For anyone who believes crime doesn't pay, tell that to the New York state legislator who introduced a Madoff bill on Monday. Rich New Yorkers convicted of crimes would be forced -- if his bill becomes law -- to pay the state and federal governments for how much it costs to keep them in jail.

Insurer UnitedHealth Group Inc said on Monday it would acquire the northeast U.S. operations of Health Net Inc for about roughly $510 million to expand its presence in that region.

Brown & Brown Inc, a top U.S. insurance broker, posted a marginal rise in second-quarter profit, beating analysts' estimates by a cent, on a 2 percent increase in commissions and fee revenue.

CIT Saved, Stability for economy, Smart Grid Funds

The world's population of older people is growing at the fastest rate ever seen and the old will soon outnumber the young for the first time, U.S. researchers reported on Monday.

The Food and Drug Administration approved the ordinary seasonal flu vaccine on Monday and said Americans should plan to be vaccinated.

Nortel Networks Corp is in a stalking horse talks with Avaya Inc on its principal operating subsidiary Nortel Networks Limited (NNL) and certain of its other subsidiaries.

Human Genome Sciences Inc said on Monday that its experimental lupus drug succeeded in a late-stage clinical trial, shocking many who had written the product off, and sending the stock up more than 200 percent.

Closing schools at the first sign of a new pandemic might delay the worst so health officials can prepare, but cannot prevent the spread of the disease, British researchers said on Monday.