IBT Staff Reporter

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Symbian eyeing to develop mobile Apps

Symbian, the mobile phone web OS Company for a large number of the world's phones will begin working on the development of mobile applications.
Jul 17, 2009

Asia shares extend gains on earnings, oil slips

Most Asian shares extended gains on Friday as key U.S. earnings reports beat expectations, fueling hopes that the global recession is receding, but deadly explosions at two Jakarta hotels weighed on Indonesia stocks and the rupiah.
Jul 16, 2009

Moon landing tapes got erased, NASA admits

The original recordings of the first humans landing on the moon 40 years ago were erased and re-used, but newly restored copies of the original broadcast look even better, NASA officials said on Thursday.
Jul 16, 2009

Michael Jackson's wife sues over custody reports

Michael Jackson's ex-wife Debbie Rowe on Thursday sued a woman for defamation on Thursday after news reports that claimed Rowe was willing to accept millions of dollars in exchange for giving up her custody rights to her two children with the dead pop star.
Jul 16, 2009

Google quarterly results fail to excite

Google Inc's quarterly profit beat Wall Street expectations, but the weak economy and slump in advertising spending took a toll on revenue growth and the price of its search ads.
Jul 16, 2009

Major U.S. exchange chief urges SEC-CFTC merger

The two main regulators of U.S. financial markets should merge, the chief executive of America's largest options exchange says in remarks to be delivered to a congressional panel on Friday.
Jul 16, 2009

Congress gets pay bill as bank bonuses swell

With the smell of fat bonus checks again wafting down Wall Street, the Obama administration and Democrats in Congress on Thursday moved closer to a clampdown on U.S. corporate executive pay.
Jul 16, 2009

IBM hikes full-year outlook, shares shine

IBM sharply raised its full-year earnings forecast as it benefits from focusing more on higher-margin businesses in software and services, sending its shares up as much as 3 percent.
Jul 16, 2009

N.J. drivers support texting ban but still do it

Although most people in New Jersey support a law forbidding texting while driving and think it should be more strictly enforced, one in five said they have sent a text while behind the wheel, according to a new study.
Jul 16, 2009

Oil prices rise with Wall Street

U.S. oil prices rose on Thursday, tracking a late-day rebound on Wall Street and bolstered by a report showing strong economic growth in China, the world's second biggest consumer of energy.
Jul 16, 2009

RHJ to cut 3,900 jobs at Opel in Germany - paper

Belgian financial investor RHJ wants Opel to break even in 2011 on an operating basis by closing the carmaker's Antwerp plant, idling production in Eisenach and cutting 3,900 jobs in Germany, a newspaper reported.
Jul 16, 2009

Hong Kong's May goods exports down 13% despite price rise

Hong Kong saw the volume of total goods exports fall 12.6% and that of imports drop 16.2% year on year in May, the Census & Statistics Department said on Thursday, adding that the volume of goods re-exports fell 11.8% while that of domestic exports dived 35.5%.
Jul 16, 2009

China loosens forex rules

China would loosen its controls on overseas investment procedures and foreign exchange management of domestic companies to boost outbound investment, China's foreign exchange regulator said on Wednesday.
Jul 16, 2009

New Harry Potter movie sets world opening record

The latest Harry Potter movie cast a $104 million spell over worldwide box offices during its first day in theaters, setting a new record for the boy wizard, distributor Warner Bros Pictures said on Thursday.
Jul 16, 2009

NAM summit calls for new world order

The Non-Aligned Movement (NAM) closed the 15th summit Thursday with a declaration to continue supporting each other as well as to promote disarmament and international security, peacekeeping, human rights and democracy.
Jul 16, 2009

CIT bankruptcy fears grow, bondholders meet

CIT Group Inc stood on the brink of bankruptcy on Thursday after rescue talks with the government collapsed and the specialty lender's bondholders convened emergency talks among themselves.
Jul 16, 2009

IBM hikes full-year outlook, shares rise

IBM surprised markets by sharply raising its full-year earnings forecast as its growing software and services businesses boosted profit margins, lifting its shares in after-hours trade.
Jul 16, 2009

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