More From IBT Staff Reporter
Somali pirates using London contacts: report
Somali pirates are planning attacks on shipping using detailed information telephoned through by contacts in London, according to an intelligence report cited by Spanish radio on Monday.
May 11, 2009
Up to 49 killed in South Sudan tribal violence
South Sudanese gunmen have killed up to 49 people from a rival tribe, most of them women and children, in one of a string of attacks that have raised fears for elections in the region, officials said on Monday.
May 11, 2009
White House forecasts higher budget deficit
The White House on Monday raised its forecast for this year's U.S. budget deficit by $89 billion due to the recession, millions of new unemployment claims and corporate bailouts.
May 11, 2009
Google's Android seen gaining support
Google's Android operating system is gaining support in the mobile industry, with 8 million Android phones to be sold in 2009, up 10-fold from a year ago, research firm Strategy Analytics said on Monday.
May 11, 2009
U.S. says Afghan insurgents use white phosphorus
The U.S. military said on Monday it had documented 44 incidents of Afghan insurgents using or possessing white phosphorus ammunition, in response to a Reuters report last week of the first known casualty from the chemical.
May 11, 2009
White House forecasts higher U.S. budget deficit
The White House on Monday raised its forecast for this year's U.S. budget deficit by $89 billion due to the recession, millions of new unemployment claims and corporate bailouts.
May 11, 2009
The Hottest New Travel Trends
The future of tourism includes ultra-health-conscious hotels, a surge in river cruises, abundant choices for medical trips—and sky nannies.
May 11, 2009
Most Over-the-Top Honeymoon Suites
Newlyweds will surely find bliss in these far-flung romantic retreats (though they might be paying back the bills for a lifetime).
May 11, 2009
Massachusetts, Goldman in $60 million subprime accord
Goldman Sachs Group Inc agreed to pay up to $60 million to settle a Massachusetts probe into whether its subprime mortgage securitization business had encouraged unfair loans, state officials said on Monday.
May 11, 2009
Fuel-cell car rally opens Norway's hydrogen highway
Norway opened a 560 kilometer (350 mile) hydrogen highway on Monday with more than a dozen hydrogen-powered cars rallying along a scenic route between its capital city Oslo and North Sea oil hub Stavanger.
May 11, 2009
Microsoft to sell first corporate bond in 3 parts
Microsoft Corp on Monday launched a $3.75 billion debt issue, its first foray into the U.S. corporate bond market as it joined a spate of companies taking advantage of good borrowing conditions.
May 11, 2009
U.S. to take tougher line on antitrust policing
The Justice Department's top antitrust official announced on Monday a return to a more aggressive approach to dealing with dominant companies that use their position to crush competition.
May 11, 2009
Best Baseball Stadium Food
At America’s stadiums, Dungeness crab sandwiches, Kansas City ribs, and slow-cooked pork tacos take center field.
May 11, 2009
EU clears Toshiba to buy Fujitsu disk drive arm
Japanese electronics giant Toshiba Corp won permission from European regulators on Monday to acquire the hard disk drive business of rival Fujitsu Ltd in a deal worth 30 billion yen ($305 million).
May 11, 2009
Citi investors withhold votes from some directors
Citigroup Inc investors withheld more than 20 percent of their votes for the reelection of four directors, after critics said the board's lack of oversight contributed to a series of government bailouts and $37.5 billion of losses over 15 months.
May 11, 2009
Iran releases jailed American journalist
Iran has released an American journalist jailed for four months on Monday after an appeals court suspended her sentence on charges of spying for the United States.
May 11, 2009
Dow, S&P slip on profit taking as Nasdaq inches up
Stocks mostly fell on Monday, weighed by profit taking after a two-month climb and news of several banks' share offerings that cooled interest in the financial sector.
May 11, 2009
Microsoft to Release 'Fake' Windows 7 Updates
Microsoft will be releasing up to 10 updates for Windows 7 Release Candidate software this week but the release do not add any updates for users using the new O.S.
May 11, 2009
Microsoft to cut 55 jobs in India, begin second round of layoffs
Software giant Microsoft will lay off about 55 employees in India, which is one per cent of its Indian staff, the chairman of Microsoft India said on Monday.
May 11, 2009
Energizer sells 9.5 million share to buy S.C Johnsons and Son Inc’s Edge and Skintimate
Energizer Holdings Inc said on Monday it will sell 9.5 million shares of common stock offering to pay its newly acquired S.C Johnsons and Son Inc’s Edge and Skintimate shave business, and to pay its current debt.
May 11, 2009
U.S. signals tougher line on antitrust policy
The Justice Department's top antitrust official announced on Monday a return to a more aggressive approach to dealing with dominant companies that use their position to squelch competition.
May 11, 2009
Obama to visit Russia on July 6-8: Kremlin
U.S. President Barack Obama will pay his first visit to Russia as president on July 6-8, the Kremlin said on Monday.
May 11, 2009
GM says open to moving HQ from Detroit
General Motors Corp is open to considering moving its headquarters from Detroit, selling U.S. plants and renegotiating its restructuring plan with its major union as it heads toward probable bankruptcy, the automaker's chief executive said on Monday.
May 11, 2009
German's Web obsession led to savage British murder
A German office worker was found guilty on Monday of the savage murder of a British man whose girlfriend he had become obsessed with after they met on a website.
May 11, 2009
Cyberbullying, more than just messing around
If may affect as many as half of U.S. teenagers, can be as bad or worse than being beaten up in the schoolyard, and is so relentless and emotionally devastating that suicide can sometimes be the result.
May 11, 2009
Solar firm Energy Conversion plans 10MW project, optimistic about U.S. market
U.S. solar firm Energy Conversion Devices, Inc. is planning to develop rooftop solar projects totaling 10 megawatts of power capacity, the firm announced on Monday.
May 11, 2009
Missing Nepali ski racer found via Facebook
A teenage Nepali ski racer has been found in Paris via a campaign on social networking site Facebook two weeks after he disappeared from his team's base in the French Alps, the team said on Monday.
May 11, 2009
U.S. signals tougher line on dominant firms
The Justice Department's top antitrust official announced on Monday a return to a more aggressive approach to dealing with dominant companies that use their position to squelch competition.
May 11, 2009
GM says open to moving from Detroit headquarters
General Motors Corp is open to considering moving its headquarters from Detroit, selling off U.S. plants and even renegotiating parts of its restructuring plan with its major union, the new chief executive said on Monday.
May 11, 2009
Global unemployment rises: OCED
The Organization for Economic Co-operation and Development (OECD) said Monday the unemployment rate for the OECD area rose to 7.6% in March, 0.3 percentage point higher than the previous month and 2.0 percentage points higher than a year earlier.
May 11, 2009
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