IBT Staff Reporter

Germany's Volkswagen will have a positive result in the second quarter and would consider giving sports car maker Porsche a loan if asked, VW's chief financial officer Hans Dieter Poetsch said on Saturday.

President Barack Obama said on Saturday he is ready to fight for a tough new agency to protect consumers from risky loans and other financial products and lashed out at groups that might stand in the way.

Steve Jobs, the chief executive of Apple Inc, received a liver transplant about two months ago but is expected to return to work later this month, the Wall Street Journal reported on Saturday.

Russia is ready to dramatically cut its nuclear stockpiles in a new arms pact with the United States if Washington meets Russia's concerns over missile defense, President Dmitry Medvedev said on Saturday.

A suicide bomber blew himself up at the mausoleum of the father of Iran's revolution, Ayatollah Ruhollah Khomeini, state media said Saturday, in an attack coinciding with more unrest over a disputed presidential vote.

Apple Inc's latest iPhone hit stores on Friday with new features and faster speeds, drawing plenty of fans, if not the crowds that had swarmed the previous iPhone debuts.

The global economic crisis will help push 100 million people into poverty this year through lost jobs and lower earnings, leaving one sixth of the world's population living in hunger, a U.N. agency said on Friday.

Telecom equipment maker Nortel Networks said on Friday that it will sell its advanced wireless technology business to Nokia Siemens Networks for US$650 million and that it was making progress in talks to sell its other businesses.

The new strain of H1N1 flu is causing something different to happen in the US

The Caylee Anthony autopsy report released Friday listed “homicide by undetermined means” as the cause of the toddler’s death.

On Friday, Palm said that it is planning to make the WebOS SDK available to everyone by the end of summer.

Negotiations are under way between General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery over the proposed purchase of Hummer, and the deal is a perfect fit according to GM’s CEO Jim Taylor.

U.S. regulators closed three small banks on Friday, bringing the number of bank failures to 40 so far this year as the recession and delinquent loans erode the health of financial institutions.

According to the latest statistics from World Health Organization (WHO), the total number of confirmed influenza A/H1N1 cases had jumped to 2718 in 18 Asian countries by Friday.

On Friday, Microsoft announced the release of a stimulus package for select nonprofit organizations, associations and targeted trade groups at the inaugural NFP(not-for-profit) Summit in Washington, D.C.

Without further signs of life in the lackluster economy or hints from the Federal Reserve the outlook is improving, stocks' three-month rally may run into more obstacles next week.

With apartments piling up on the market in Manhattan, isn't this the time to snap up the real estate equivalent of buying Champagne on a beer budget?

Laptops an inch thick that multitask and edit multimedia content, but cost only $500? Intel and AMD are betting they aren't too good to be true.

Allen Stanford, the once high-flying Texas billionaire with a Caribbean knighthood and a penchant for publicity and cricket, has been brought down to earth with a thud as he faces criminal charges.

Venture capitalists said on Wednesday they should be exempt from President Obama's proposed changes in financial regulation, arguing they were not part of the problem.

Warren Buffett is again raising money for charity by auctioning a chance to dine with him, though it remains to be seen if the global recession keeps the winning bid below last year's record $2.11 million.

The operators of anonymous stock trading venues called 'dark pools' defended their existence on Friday, but conceded they could be more transparent after the U.S. Securities and Exchange Commission warned they posed emerging risks.

Bank of America Corp said on Friday retired Army Gen. Tommy Franks and retired Navy Adm. Joseph Prueher have resigned from its board, meaning more than a third of its board has stepped aside since late April.

U.S. states probing employee bonuses paid by American International Group Inc using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case themselves.

Activision Blizzard Chief Executive Bobby Kotick said in a published report on Friday it may stop making video games for Sony's PlayStation 3, the No. 3 console in the United States, due to high costs and poor sales.

An Iraqi IT expert has set up the country's first e-shopping website for trading anything from cars to game consoles, hoping to build a business that may one day cater for locals and foreign investors alike.

Salesforce.com Inc's outspoken chief executive took a few jabs at Microsoft Corp's lumbering efforts to build up its cloud computing services on Thursday, on a visit to the world's largest software company's home town.

Worldwide PC shipments took a major plunge in the first quarter of 2009, according to analysts figures released on Friday however, analysts said it's too early to know if the market has hit bottom.

A small group of General Motors Corp bondholders formally objected on Friday to the automaker's plans for a speedy sale of its assets in bankruptcy court, according to court documents.