IBT Staff Reporter

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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

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

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

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

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

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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