IBT Staff Reporter

Sanofi-Aventis's diabetes drug Lantus may increase the risk of cancer, according to European studies involving some 300,000 insulin-treated patients, prompting a call from experts for more research.

Jun 27, 2009

Sony on Friday named Kunimasa Suzuki as the new head the Strategy Planning and Product Planning divisions of SCEI, and will report and assist Kaz Hirai in managing the operations of the PlayStation in overall business.

Jun 27, 2009

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.

Jun 27, 2009

An autopsy was performed on Friday on Michael Jackson’s body however the exact cause of death still remains a mystery.

Jun 27, 2009

The cause of Michael Jackson's death will not be known for up to six weeks after the medical examiner has ordered for additional testing to determine the possible involvement of drugs in the stars’ death.

Jun 27, 2009

Monday morning's sentencing in Manhattan of Bernard Madoff – convicted of a $63 billion Ponzi scheme – can only be seen in person due to a court ordered video and recording blackout.

Jun 27, 2009

Iran has banned an ally of the country's opposition leader Mirhossein Mousavi from leaving the Islamic state, the official IRNA news agency reported on Saturday.

Jun 27, 2009

Not only is the brutal recession driving more Americans into McDonald's for a cheap meal, but it has also dulled their appetite for McMansions.

Jun 27, 2009

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.

Jun 27, 2009

An 84-year-old man escaped with only minor injuries after he spent four days trapped in a well shaft on his remote property on Canada's Pacific Coast, police said.

Jun 27, 2009

Ruth Madoff, the wife of epic swindler Bernard Madoff who reaped billions and a lavish family lifestyle, will be left with $2.5 million and have to look for a new home as she forfeits claim to some $80 million in assets.

Jun 27, 2009

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

Jun 27, 2009

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.

Jun 27, 2009

A sweeping U.S. credit card law will mean sharply lower revenue for issuers and may force some out of business, but some of the market leaders could end up even stronger.

Jun 27, 2009

Iraq's Prime Minister Nuri al-Maliki said Saturday that the withdrawal of U.S. combat forces from Iraqi cities at the end of June showed Iraq can handle its own security, despite a wave of bombings this week.

Jun 27, 2009

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.

Jun 27, 2009

Angry Nortel creditors and suppliers filed objections against the ongoing deal of Nortel with Nokia Siemens Networks to sell some of its unit.

Jun 27, 2009

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.

Jun 27, 2009

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.

Jun 26, 2009

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.”

Jun 26, 2009

For stock investors, June's job report could be a make-or-break factor next week in determining whether the recent rally has legs or not.

Jun 26, 2009

The Federal Reserve's baby steps this week toward scaling back some of its emergency market lifelines underscore just how far off an interest rate hike actually is.

Jun 26, 2009

More than 1 million people in the United States may have been infected with the new H1N1 swine flu, U.S. health officials said on Friday, and infections continue to rise.

Jun 26, 2009

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.

Jun 26, 2009

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.

Jun 26, 2009

The Brazil Air Force and Navy on Friday evening called off the search for additional victims and wreckage from Air France Flight 447 leaving relatives of the crash victims shocked and distraught.

Jun 26, 2009

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.

Jun 26, 2009

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.

Jun 26, 2009

The Brazil Air Force and Navy on Friday evening called off the search for additional victims and wreckage from Air France Flight 447 that plunged into the Atlantic on the evening of May 31 carrying 228 people on board.

Jun 26, 2009