IBT Staff Reporter

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Worldwide network switch, routers sales fell 23 percent

Worldwide sales of network switch, routers took a major plunge of 23 percent in the first quarter to 27 percent in a year-over-year of 2009, according to Heavy Reading’s Carrier Ethernet Switch/Router Quarterly Market Tracker on Friday.

Global property lending landscape altered forever

If you look at the banking sector response to this crisis, it appears that the further east you go, the more demanding your typical lender becomes, said Mike Sales, the London-based head of property at Henderson Global Investors.

So the honeymoon is over?

A Polish couple living in Germany fell out after tying the knot and decided to end their marriage on the same day.

Michael Jackson's death sparks bus brawl

A fight broke out on a Florida bus when news of Michael Jackson's death sparked debate over whether he should be remembered as a great musical talent, and one passenger was charged with assault, police said on Friday.

Sony eyes cellphone/game gear hybrid - Nikkei

Sony Corp is considering developing a cellphone-game gear hybrid in a bid to better compete with Apple Inc's highly popular iPod and iPhone, the Nikkei business daily said on Saturday.

Microsoft Windows 7 pre order available now

Microsoft Windows 7 pre order starts June 26 until July 11th in the United States and Canada. Japan is also included on the list for June 26th pre order release but will end earlier on July 5TH or while supplies last.

U.S. commercial banks see record Q1 trading revenue

U.S. commercial banks reported record trading revenue in the first quarter of 2009, benefiting from wide trading margins and gains from interest rate products, the Office of the Comptroller of the Currency said on Friday.

June 27: National HIV Testing Day

June 27 marks National HIV Testing Day, an annual campaign coordinated by the National Association of People with AIDS to encourage people of all ages to “Take the Test, Take Control.”

House passes landmark climate change bill

President Barack Obama scored a major victory on Friday when the House of Representatives passed legislation to slash industrial pollution that is blamed for global warming.

U.S. regulators close four small banks

U.S. regulators closed four small banks on Friday -- two in Georgia, one in Minnesota and one in California, bringing the total of U.S. bank failures to 44 this year.

Search for AF 447’s black boxes continues

Despite the limited time left to locate the signals of the Air France’s crashed jet data recorders, French Navy ships have not lost hope and continue the search with the hope of finding the reason why Flight 447 fell into the Atlantic on the evening of May 31.

Cap and trade vote full results (Final)

The U.S. House of Representatives passed the American Clean Energy and Security Act in a historic vote on Friday evening by a final count of 219 to 212. Supporters of the bill needed a simple majority of 218 votes.

Hedge Funds see potential in Asia

As hard-hit Western banks and hedge funds scramble to sell their Asian loans and bonds, one newcomer expects to pick up these choice assets at rarely seen discounts.

U.S. prosecutors seek life term for Madoff

Swindler Bernard Madoff should receive a sentence that ensures he will spend the rest of his life in prison for running Wall Street's biggest investment fraud, U.S. prosecutors argued on Friday.

Prosecutors ask judge to imprison Madoff for life

Swindler Bernard Madoff should spend the rest of his life in prison, U.S. prosecutors argued on Friday, citing the unique scope and duration of his crimes as the leader of Wall Street's biggest fraud.

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