More From IBT Staff Reporter
Ackman says Target proxy not about him
Hedge fund manager William Ackman introduced shareholders on Monday to his five nominees for the Target Corp board, promising their expertise could make the retailer a better company.
May 11, 2009
Robot takes over Tokyo classroom
Saya the teacher doesn't mind being poked or pinched, or if the students play in class: she's an android designed to show children that science and technology can be fun subjects.
May 11, 2009
Aerojets engine to launch of STS-125
GenCorp’s Aerojet on Monday said it has launched the last STS-125 Spaced Shuttle Atlantis mission with its engines to service Hubble Space telescope and will be used for landing.
May 11, 2009
Mini Cooper all electric vehicle hiting U.S. roads
Over the following weeks 450 selected drivers will be driving the first highway legal Mini E car - the all electric zero emissions version of Mini Cooper - as part of a leasing program.
May 11, 2009
Will Miss California lose her crown?
For the time being, Miss California, Carrie Prejean will be keeping her crown but not her duties as, according to pageant organizers, has violated her contract. Her fate is expected to be announced on Tuesday by Miss USA owner Donald Trump.
May 11, 2009
Ford’s cash needs scare investors as shares plummet
Ford Motor Co.’s need for cash to make mandatory payments scared off investors on Monday, sending shares down more than 9 percent in regular and after-hours trading.
May 11, 2009
Villeroy & Boch Unveils New Design-Forward Bath and Wellness Products
With La Belle, Villeroy & Boch offers a premium product that displays a strong trend towards modern interpretation of classics from previous eras. The design of the collection incorporates romantic style elements such as curved ornaments and blossom tendrils, yet displays them in a contemporary manner.
May 11, 2009
Five U.S. soldiers killed in Iraq by fellow soldier
A U.S. soldier opened fire on fellow troops at a counseling center on a military base Monday, killing five before being taken into custody, the U.S. command and Pentagon officials said.
May 11, 2009
Gulf economies to shrink in face of global crisis
The International Monetary Fund slashed its 2009 economic growth forecast for the Gulf region by more than half to 1.3 percent as the three largest oil-exporting economies, including Saudi Arabia, shrink in a global slowdown.
May 11, 2009
Pentagon replaces top Afghanistan commander
U.S. Defense Secretary Robert Gates on Monday replaced the top U.S. and NATO commander in Afghanistan and picked a former special forces commander to oversee President Barack Obama's military strategy against a growing Taliban insurgency.
May 11, 2009
GM exit from the Dow looking more likely
The potential for changes in the blue-chip Dow Jones industrial average remains high, according to the head of the index's oversight committee, the same day the head of General Motors said bankruptcy had become more likely.
May 11, 2009
Utility Edison seeks 90MW of wind energy to meet Calif. rules
Southern California Edison, a utility of Edison International, is looking for approval to purchase 90 megawatts of power from a wind farm in Idaho assisted by Goshen, a firm owned by BP Wind Energy; and Ridgeline Energy LLC.
May 11, 2009
New credit card bill expected to pass this week
Consumers in debt can be given the chance to regain their older, lower rates if they pay their bills on time for six months, a compromise reached by lawmakers seeking changes in federal law governing the credit card industry.
May 11, 2009
Wall Street drops on profit-taking
Stocks fell on Monday as investors booked profits in financials after a two-month run-up and news of several banks' share offerings heightened worries about their dilutive impact on current shareholders.
May 11, 2009
Mexican H1N1 flu spreads easily: study
The new strain of H1N1 flu that has killed 56 people in Mexico and has been carried around the world by travelers acts more like a pandemic strain than regular seasonal flu, researchers reported on Monday.
May 11, 2009
Chrysler nonunion retirees begin fight for benefits
Chrysler's 16,000 salaried retirees will start their fight this week for their benefits in the automaker's bankruptcy restructuring, with the potential to create a public relations headache for the company.
May 11, 2009
New flu not quite a pandemic yet: WHO
The new H1N1 virus shows no signs of sustained person-to-person spread outside of North America and so has not yet tipped over into a pandemic, a top World Health Organization official said on Monday.
May 11, 2009
Big U.S. banks selling stock to repay government
Four big U.S. banks on Monday said they would sell $6.55 billion of common stock and repay funds from the government's bank bailout program, after federal stress tests showed they can weather a deep recession without new capital.
May 11, 2009
White House says economy movement key to deficit
The Obama administration cannot start dealing with the short-term challenges presented by the deficit until it gets the economy moving, White House spokesman Robert Gibbs said on Monday.
May 11, 2009
U.N.'s Ban urges Israel to change settlement policy
U.N. Secretary-General Ban Ki-moon called on Israel on Monday to fundamentally change its policies on settlements and prove its commitment to a two-state solution to the Israeli-Palestinian conflict.
May 11, 2009
Atlantis space shuttle launches for final trip to telescope
The U.S. space shuttle Atlantis blasted off from its Florida launch pad on Monday just after 2p.m. ET on a mission to repair the Hubble Space Telescope, an important tool for scientists probing the origins of the universe.
May 11, 2009
U.S. Labour Market Surprises, Pleasantly
The U.S. economy shed a further 539K jobs in April, bringing the number of jobs lost since the turn in labour market conditions in January last year to 5.6 million. On the positive side, this was the slowest pace of monthly job losses since October last year.
May 11, 2009
EIB launches €1.4B loans to boost Serbia's economy
The European Investment Bank (EIB) launched the first loan of €250 million for supporting Serbia's small and medium-sized enterprises (SMEs) and priority projects in the country.
May 11, 2009
Schott Solar inaugurates U.S. plant for solar modules
Germany's Schott Solar inaugurated a plant in Albuquerque, New Mexico on Monday to produce photovoltaic modules and solar thermal receiver lines.
May 11, 2009
Google for techies: Wolfram Alpha goes live May 18
The natural-language search engine, Wolfram Alpha will make its official debut into the search market on May 18, when it will prove just how user-friendly the service is with a mainstream audience
May 11, 2009
Microsoft says Windows 7 on track for holidays
Microsoft Corp is on track to release its new Windows 7 operating system in time for the holiday shopping season, an executive said on Monday, confirming talk it is ahead of its own conservative schedule for replacing the unpopular Vista system.
May 11, 2009
Oil slips as U.S. equities
Oil prices fell marginally on Monday, pressured slightly by weaker equity markets and a firmer dollar.
May 11, 2009
QLogic unveils the World's first and only 10GbE iSCSI Router
On Monday, Qlogic Corp. unveils its Storage Router 10GbE iSCSI Router(iSR6250) that can aggregate up to 1,000 iSCSI hosts to a Fibre Channel storage array and offer high connectivity
May 11, 2009
Profit-taking hits Dow, S&P, but Nasdaq rises
The Dow and the S&P 500 fell on Monday due to profit taking after a two-month run-up, while news of several share offerings weighed on banks as investors worried about their dilutive impact on current shareholders.
May 11, 2009
Microsoft and Agree Technology announces SuperTeller
Microsoft Corp. and Agree Technology announced SuperTeller for financial institutions to become more customers centric.
May 11, 2009
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