IBT Staff Reporter

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Google Street View Clears in UK

The Google Street View program can continue its service in Britain if the company make sure that faces and addresses are blurred.

Chrysler on the verge of bankruptcy filing

Preparations are underway by the Treasury department for the bankruptcy filing of Chrysler which could come as early as next week if Chrysler can swing a deal with its lenders, the New York Times reported.

U.S. prepares bankruptcy filing for Chrysler: NYT

The Treasury is preparing a Chapter 11 bankruptcy filing for Chrysler LLC that could come as soon as next week, The New York Times reported on Thursday, citing people with direct knowledge of the matter.

Hartford shopping its P&C business: sources

Hartford Financial Services Group Inc is trying to sell its property and casualty business, sources familiar with the matter said on Thursday, as the U.S. insurer reels from massive losses.

Calif. AG sues Wells Fargo for $1.5 billion

California Attorney General Edmund Brown on Thursday sued Wells Fargo for $1.5 billion over alleged false statements made to investors about the liquidity of auction-rate securities, court documents showed.

German GEMA in talks with YouTube on video dispute

German music authors' society GEMA said on Thursday it was in talks with Google Inc's YouTube to resolve a dispute over royalty payments and the conditions under which music videos are made available online.

Yahoo pulls the plug on GeoCities

Yahoo Inc is shutting down GeoCities, a free service that hosts personal home pages for consumers, which it acquired for more than $4 billion 10 years ago during the heyday of the dotcom boom.

U.S. House climate bill to include free carbon permits

A U.S. House of Representatives bill aimed at fighting global warming will allow some polluters access to free permits to emit greenhouse gas emissions in its cap-and-trade system, Democratic Representative Edward Markey said on Thursday.

Economists' Commentary: Inflation Outlook

Deflation has arrived but inflation could be flaring up in a couple years. The latest March consumer price index showed the first decline over a 12 month period since the Eisenhower administration. With rising unemployment and excess factory capacity there is virtually no pressure for wages or prices to rise.

Cuomo questions TARP, pressure on BofA's Lewis

Bank of America Corp CEO Kenneth Lewis was pressured by senior federal officials Henry Paulson and Ben Bernanke to accept a merger with troubled Merrill Lynch & Co, New York Attorney General Andrew Cuomo said on Thursday.

Greece

In Greece, you are standing at crossroads of cultures, colours and civilisations, you feel the grandeur of history and the warmth of being at the southernmost part of Europe, you discover the evolutionary process of thought, influence and experience.

New York Times holds course in brutal conditions

The New York Times Co will remain publicly traded, build its online business and cut costs despite brutal conditions that threaten the survival of newspapers, Chairman Arthur Sulzberger Jr said at the publisher's annual meeting on Thursday.

Global slump hurts UPS profit, shares fall

United Parcel Service Inc reported a lower-than-expected profit and gave an outlook below analysts' views as the global economic downturn has caused fewer packages to be shipped, sending its shares down as much as 7.5 percent.

Pirate Bay defence lawyer demands retrial

A defense lawyer for one of the four men sentenced to jail in the Pirate Bay case demanded a retrial on Thursday, saying the judge's membership in several copyright protection groups meant he might have been biased.

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