IBT Staff Reporter

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Ruling delays Stanford exit from jail

Financier Allen Stanford will remain in a Texas jail at least until Monday as a federal judge reconsiders his $500,000 bond at the urging of prosecutors who say the accused swindler is a flight risk, according to a ruling on Friday.

Acer launches new line of chic desktops

Acer on Friday launched new line of desktops – the Aspire M5, M3 and X3 series -- designed to bring enjoyment of H235H premium display, a chic style and industrial blend with improve aesthetic and functionality.

Hartford takes $3.4 billion from TARP

Hartford Financial Services Group Inc said on Friday it has taken $3.4 billion of federal bailout money, the maximum it was authorized to accept, to bolster capital in the wake of large investment losses.

Consumer spending rises, mood improves

U.S. consumer spending in May rose for the first time since February and savings hit a record high as federal stimulus measures boosted incomes, while consumer sentiment edged higher in June, bolstering the view that the economy was close to emerging from recession.

Consumer spending rises; mood improves

U.S. consumer spending in May rose for the first time since February and savings hit a record high as federal stimulus measures boosted incomes, while consumer sentiment edged higher in June, bolstering the view that the economy was close to emerging from recession.

Michael Jackson's missing doctor found: TMZ

Michael Jackson's doctor has been identified as Dr. Conrad Robert Murray and is now preparing to speak with law enforcement officials regarding Michael Jackson's death, according to celebrity site, TMZ.

U.S. housing misery poised to enter new phase

Signs that home prices may have bottomed have stirred hope on Wall Street that the economy is on the mend, yet tight credit and a new foreclosure wave cast doubt on any looming housing revival.

GE opening research center in Michigan

General Electric Co plans to open a research center in the economically ailing U.S. state of Michigan, where it will develop new manufacturing technologies.

Dow, S&P slip on consumer spending concerns, oil

The Dow and the S&P 500 fell on Friday as a jump in the savings rate indicated that the debt-burdened consumer may not drive the economy out of recession as fast as hoped, and a slide in crude futures prompted investors to sell some energy shares.

Iran election violence outrageous, Obama says

President Barack Obama on Friday praised the bravery of Iranians who protested against a disputed election in the face of outrageous violence, while a hardline Iranian cleric called for the execution of leading rioters.

House climate bill will not impose large costs, CBO says

As the U.S. House of Representatives prepares for its vote on a crucial climate bill later on Friday, the Congressional Budget Office and the Environmental Protection Agency disputed claims that the measure would cost several thousand dollars per consumer.

Jackson death hits London ticket holders

Michael Jackson's sudden death could prove a major blow to AEG Live, promoter of his eagerly awaited run of 50 London concerts, as well as to fans who paid well over the odds to get hold of coveted tickets.

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