IBT Staff Reporter

Israel's right-wing Prime Minister-designate Benjamin Netanyahu has abandoned efforts to woo centrist Tzipi Livni into forming a broad coalition government, a spokeswoman said on Saturday.

British banking giant HSBC will try to raise $18 billion to quell investor concerns as a worsening global economy punished famed investor Warren Buffet's Berkshire Hathaway with a 96 percent plunge in profits.

British banking giant HSBC will try to raise $18 billion to quell investor concerns as a worsening global economy punished famed investor Warren Buffet's Berkshire Hathaway with a 96 percent plunge in profits.

Verizon Wireless and LG Electronics unwrap the LG Versa that features a three-inch touch screen and attachable QWERTY keypad this coming month.

Intel and TSMC to unveil a strategic tie-up on March 2, driving the world's largest chip maker might begin to outsource crucial manufacturing.

Investors burned by the recent boom and bust in the U.S. ethanol industry will be wary of pouring money into plants for the next generation of biofuels without more stable returns, a J.P. Morgan analyst said on Friday.

California Governor Arnold Schwarzenegger on Friday declared a state emergency due to drought and said he would consider mandatory water rationing in the face of nearly $3 billion in economic losses from below-normal rainfall this year.

A bill introduced Friday by U.S. Senator Lisa Murkowski of Alaska would permit oil production in the ecologically sensitive Arctic National Wildlife Refuge, but only from directional wells that are drilled outside the refuge's borders.

Leaders of Southeast Asian nations have agreed to ease monetary policy and resist protectionism as they fight the financial crisis that is hurting their export-dependent economies, a draft statement showed.

German Chancellor Angela Merkel said on Saturday a decision on state aid for Opel, a struggling unit of U.S. carmaker General Motors , depended on the firm's long-term outlook and on the readiness of banks to help.

President Barack Obama's 2010 budget plan includes $18.7 billion for NASA, an increase of $1 billion over last year, but will retire the nations respected space shuttle program.

Britain's HSBC is set to announce a share sale of up to $18 billion, two sources familiar with the situation said on Saturday, in what could become the country's biggest-ever rights issue.

British Prime Minister Gordon Brown called for more rigorous supervision of the global banking system on Saturday, a day before EU leaders meet to thrash out ways to tackle the financial crisis.

Berkshire Hathaway Inc, Warren Buffett's insurance and investment company, barely broke even in the fourth quarter because of losses on derivatives contracts tied to the stock market, which caused its net worth to tumble $10.9 billion.

HSBC , Europe's biggest bank, plans to raise more than 12 billion pounds ($17 billion) in a share sale aimed at propping up its capital base during the global economic crisis, the Financial Times reported on Saturday.

HSBC , Europe's biggest bank, plans to raise more than 12 billion pounds ($17 billion) in a share sale aimed at propping up its capital base during the global economic crisis, the Financial Times reported on Saturday.

American International Group's mounting losses threaten to deepen another vexing problem for the giant insurer -- how to stem an increasing customer exodus.

Google announced on its official blog that it has began displaying ads on its News search page.

On Friday a Rwandan priest was sentenced to more than two decades in prison after he was found guilty of genocide killings in 1994.

HSBC, Europe's biggest bank, plans to raise more than 12 billion pounds ($17 billion) in a share sale aimed at propping up its capital base in order to cope with the economic crisis, the Financial Times reported on Saturday.

Mortgages and real estate assets make up more than two-thirds of the $300.8 billion Citigroup Inc portfolio in which the government has agreed to share in losses.

Dell, the PC maker, announced today its Oklahoma City campus will be powered with 100 percent wind energy which is expected to avoid the generation of 5,100 tons of CO2 emissions per year.

President Barack Obama will not store nuclear waste at Yucca Mountain in Nevada, even after two decades of planning.

Vice President Joe Biden, along with several Department Secretaries in the Obama Administration gave their firm support today to President Obama’s strategy for creating green jobs to bolster the U.S. economy as part of the recently passed economic stimulus package.

At a gathering of core senior employees earlier this month in Miami, Texas billionaire R. Allen Stanford admitted that he had misappropriated investor funds and falsified financial statements, the Securities and Exchange Commission alleged.

So some relief is greeting Apple's introduction of the new iTunes Pass model with veteran band Depeche Mode, which records on the EMI label. Similar to the Season Pass model iTunes implemented in March 2006 for TV show downloads, the iTunes Pass lets artists sell a range of products for one flat price and deliver them throughout a given period of time.

Amazon.com Inc, responding to criticism that a text-to-speech feature on its new Kindle book reader helps it sidestep royalty payments, plans to allow the audio function to be disabled.

The Canadian Society for the Prevention of Cruelty to Animals took in approximately 60 dogs from a puppy mill just outside of Montreal. The dogs were voluntarily surrendered by the owner of the mill to the CSPCA on February 27th.

Zimbabwe president Robert Mugabe is set to have lavish birthday celebrations this Saturday after his supporters raised more than $250,000 to fund it, according to reports from a state run newspaper.