More From IBT Staff Reporter
Geithner says recession easing, U.S. on the mend
U.S. Treasury Secretary Timothy Geithner said Tuesday aggressive efforts to counter a global financial crisis were starting to work and acknowledged the United States had a special duty to help spur a recovery.
Jul 14, 2009
Equities climb ahead of Goldman earnings
A burst of confidence in U.S. financial stocks lifted global equities on Tuesday ahead of results for bellwether Goldman Sachs.
Jul 14, 2009
Microsoft Seen Eight Percent Growth on its Bing
Microsoft has seen an 8 percent unique user's increased on its Bing search engine since its launch a month ago.
Jul 14, 2009
Asian stocks benefit from better mood on banks
Asian stocks bounced on Tuesday as a rally in U.S. financial shares helped Japan break a long losing streak, while also reversing some of the recent safe-haven rush into the yen and sovereign bonds.
Jul 14, 2009
Blockbuster, Samsung set on-demand video pact
Blockbuster Inc on Tuesday announced an agreement that allows consumers to instantly view movies and video from its OnDemand service on Samsung's televisions and electronics devices.
Jul 14, 2009
Taiwan hit by 6.7 & 5.0 earthquakes within two hours a day
A magnitude 6.7 earthquake hit just off the coast of Taiwan at 2:05 am Tuesday morning, east of the coastal city of Hua-lien, followed by a magnitude 5.0 aftershock at 4:28 am in the same location, the China National Seismological Network reported early Tuesday.
Jul 13, 2009
Men marvelously survived 25 days underground in flood
Three men were found marvelously alive after being trapped in a flooded mine for 25 days in Qinglong county, southwest China's Guizhou Province Sunday, July 12, 2009, China Daily reported on Monday.
Jul 13, 2009
June budget gap $94.32 billion, record for June
The U.S. government rang up a $94.32 billion budget deficit in June, a record for the month, as the price tag for efforts to prop up the economy, banks and automakers mounted while revenues weakened.
Jul 13, 2009
Asian shares find relief in Wall St rally
Asian stocks bounced on Tuesday as a rally in U.S. financial shares helped Japan break a 10-session losing streak, while also reversing a little of the recent safe-haven rush into the yen.
Jul 13, 2009
US Fixed Income Report 7/13
US TREASURIES reversed from the recent highs on Monday after equities posted a strong rebound from overnight lows after Goldman Sachs received a strong buy recommendation based upon expectation of the leading Wall Street firm posting better than expected earnings driven by record breaking revenues from its trading activities.
Jul 13, 2009
Lawmaker seeks more data in BofA-Merrill deal
A U.S. Republican lawmaker involved in a congressional probe of government influence over Bank of America's purchase of Merrill Lynch has asked for more documents from the Treasury Department and the New York State Attorney General to shed light on government intervention in the banking system.
Jul 13, 2009
Daily News Wrap Up - July 13
CIT slips on liquidity worries, Solar megaproject detailed, MS Office to go online
Jul 13, 2009
Take Two reduces forecast, delays game launch
Take Two Interactive Software Inc cut its financial outlook for the next two quarters due to the delayed release of its BioShock 2 video game and lower-than-expected retail orders for other titles.
Jul 13, 2009
Goldman Sachs executives sell $700 mln in stock: report
Goldman Sachs Group Inc executives sold almost $700 million worth of stock since the collapse of rival Lehman Brothers last year, the Financial Times said on Monday.
Jul 13, 2009
New heart disease test could add to cancer toll
Using a relatively new way to test for blockages in the heart's arteries as a general screening exam could lead to more than thousands of new cases of cancer in the US, according to a new study in the Archives of Internal Medicine.
Jul 13, 2009
Racial gap in colon cancer diagnosis, treatment
Later diagnosis and differences in treatment may be among the reasons that African Americans are less likely than whites to survive colon cancer, a study published Monday suggests.
Jul 13, 2009
Screening not only reason thyroid cancer is rising
The steady climb in the incidence of thyroid cancer since the early 1980s has been attributed to an increase in screening in recent years and the diagnosis of more small tumors.
Jul 13, 2009
WHO says health workers priority for H1N1 vaccine
Healthcare workers should get priority access to H1N1 flu vaccinations to ensure health systems keep functioning as the swine flu pandemic spreads around the globe, the World Health Organization said on Monday.
Jul 13, 2009
A buyer for BusinessWeek is being sought
McGraw-Hill Co. owned BusinessWeek is up for sale after the publication's advertising revenue plummeted nearly 30 percent.
Jul 13, 2009
Study may prompt rethink on schizophrenia drugs
Schizophrenia patients given a cheap older drug are less likely to die prematurely than people on newer treatments, despite the older product's well-known adverse side effects, Finnish researchers said on Monday.
Jul 13, 2009
Samsung's 12 Megapixel Mobile Phone is now available to Pre-order
Samsung Pixon12 M8910 12, the world's first 12 megapixel camera phone, which was introduces recently in Europe is now available on Pre-order at Phones4u.
Jul 13, 2009
Microsoft Responds to Google: Office 2010 Moving Online
In a response to Google's announcement last week, Microsoft said it would offer Office software accessible via Web for free.
Jul 13, 2009
MJ's father intends to create 'The Jackson Three'
Michael Jackson's father, Joe Jackson, has plans to create The Jackson Three using Michael Jackson's three young children.
Jul 13, 2009
Obama seeks to regain initiative on healthcare
A combative President Barack Obama on Monday sought to regain the initiative on overhauling the U.S. healthcare system after legislation slowed down in the U.S. Congress while he was abroad last week.
Jul 13, 2009
Nokia's Surge debuts at $80
Nokia on Monday introduced its new Surge, a Symbian S60-based Smartphone with video sharing for design for multimedia and entertainment mania.
Jul 13, 2009
Software AG agrees to buy stakes in IDS Scheer; tender for rest
Germany's Software AG said it will bid 15 euros in cash per share for IT consultancy group IDS Scheer and has agreed to buy out the two biggest shareholders that control nearly half the company.
Jul 13, 2009
Dell sees lower Q2 margins, stock falls
Dell Inc forecast lower gross margins in the July quarter as demand has shifted toward cheaper computers such as netbooks, while prices of components are rising, sending its shares down 4 percent.
Jul 13, 2009
GM studies continuing Pontiac G8 as a Chevrolet
General Motors Co, which plans to wind down the Pontiac brand, is considering bringing the Pontiac G8 full-size sedan into the Chevrolet brand, Vice Chairman Bob Lutz said on Monday.
Jul 13, 2009
Condoms offer partial protection against herpes
Using condoms consistently can help prevent people from contracting genital herpes, new research in the Archives of Internal Medicine shows.
Jul 13, 2009
New flu
Saying the new H1N1 virus is
Jul 13, 2009
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