IBT Staff Reporter

132721-132750 (out of 154943)

Asia stocks fall as risk taking pauses

Asian equities fell from eight-month highs on Thursday, led by commodity-related shares, after disappointing U.S. private employment and services sector data led investors to trim over extended bets.

Sony Ericsson unveils two greener phones

Cellphone maker Sony Ericsson unveiled on Thursday two handset models it said are more eco-friendly, adding that the company will push greener features across its product line in the next two years.

German public broadcasters reduce Web offerings

Germany's public broadcasters will drastically reduce the programing they put online in response to attacks from commercial channels and newspapers that the online offerings represent unfair competition.

Asia stocks fall, dollar steady after U.S. data

Asian equities and metals prices slipped on Thursday, after disappointing U.S. private employment and services sector data led investors to trim over extended bets and look for better points to buy again.

Video game industry prays for resilient 2009

Game publishers, in a rare moment of solidarity, joined forces on Wednesday to convey optimism for the future of their $30 billion industry despite spiraling consumer spending and a global economic downturn.

U.S. court dismisses suits in warrantless wiretaps

A U.S. District Court on Wednesday dismissed lawsuits against telecommunications companies in a warrantless wiretap case, ruling that former President George W. Bush's administration had properly requested the cases closed for national security reasons.

DISH, EchoStar win stay of TiVo patent award

A U.S. appeals court on Wednesday stayed a Texas court's order forcing set-top box maker EchoStar Corp and satellite pay TV provider DISH Network Corp to disable millions of digital video recorders that infringe on a patent held by TiVo Inc.

Palm's Pre: a star is born?

It's no iPhone-killer, but the launch this weekend of Palm Inc's Pre could well become the brightest event this year for a gloomy industry.

Obama says insurance mandates must excuse poor

President Barack Obama told Congress on Wednesday that any requirement for mandatory health insurance in a proposed overhaul of the U.S. healthcare system should allow exemptions for the poor and for small businesses.

GM, Chrysler say dealer cuts key part of revival

Top executives of General Motors Corp and Chrysler LLC were pressed by angry U.S. senators on Wednesday to rethink plans to slash more than 2,300 dealerships as a key part of their restructuring.

European body sees algae fuel industry in 10-15 years

Industrial-scale production of bioenergy from algae, or seaweeds, can be expected in 10 to 15 years, helping Europe to reach its green energy targets, the top official at a newly created bioenergy body said on Wednesday.

Crisis cuts costs for big wind players

Wind farm costs have fallen significantly for companies big enough to finance their own projects as the economic crisis cripples competitors for turbines, an executive from RWE Innogy said on Wednesday.

Companies not disclosing climate risks: studies

Most global industrial companies that emit a lot of greenhouse gases are not adequately detailing their climate strategies in U.S. financial filings, two studies by environmental and investment groups showed on Wednesday.

Renewables could take further hit: fund

Renewable stocks are likely to give up gains again after having recovered since March, but financially strong companies such as SMA Solar and SolarWorld will be hit less harder than others, according to fund firm Swisscanto.

Morgan Stanley seen among first to exit TARP

Morgan Stanley is likely to be part of the first wave of major banks to exit the U.S. government's bank bailout program after recently selling more than $2 billion of shares, research analysts said on Wednesday.

Oil's drop, recovery worry knock Wall Street

Stocks tumbled on Wednesday, halting a four-day winning streak, as falling oil prices hit energy shares, while less upbeat economic reports rekindled worries about recovery prospects.

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