IBT Staff Reporter

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Obama to name Julius Genachowski to Head FCC

President-elect Barack Obama plans to nominate his top technology advisor, Julius Genachowski, to be chairman of the Federal Communications Commission, Democratic official said Monday.

Ethiopian troops withdraw from Somalia

On Tuesday Ethiopia handed over security duties to a Somali force, raising fears that the Horn of Africa country collapse into chaos if extremists allegedly linked to al-Qaida move to seize power.

Welcome to Kansas City Scott Pioli

The Kansas City Chiefs have formally announced the hiring of Scott Pioli as general manager today, and will formally hold a press conference to introduce Pioli on Wednesday.

Asher Allen Pro Debut

University of Georgia junior cornerback Asher Allen announced on Tuesday afternoon that he will be entering the 2009 NFL Draft.

Yahoo Names Bartz as New CEO

Yahoo announced that Carol Bartz has accepted offer to become next CEO of the company. The move marks the end of the 2-month search for the new Executive to replace current CEO and co-founder Jerry Yang.

A much smaller Citigroup on its way: reports

The company is splitting to ultimately reduce its overall mission to two areas only: wholesale banking for large corporate clients and retail banking, according to the Wall Street Journal

Fox: No TV network layoffs in sight

The television network Fox entertainment president, Kevin Reilly, said Tuesday the network is not planning massive layoffs despite tough times in the entertainment industry and the overall economy.

Zimbabwe Cholera deaths surpass 2, 000

Africa has seen its worse outbreak in nearly a decade with more than 2,000 people dead from Cholera and 40,000 others suffering from this normally preventable illness.

'Watchmen' settlement is nearing a 'close'

The Watchmen lawsuit over the movie's distribution rights has been dragged nearly yearlong and is costing Warner Bros. and 20th Century Fox hundreds of thousands of dollars in legal fess and according to those familiar with the dealmaking say both companies are close to reaching a settlement, reported The Hollywood Reporter.

RCN Launch Red Sox Spring Training Contest

RCN Corporation a leading provider of video, data, and voice services to residential, business and commercial and or carrier customers, said it is launching a contest that will send the winner on a Red Sox spring training vacation.

Yahoo has new CEO: Carol Bartz: reports

Yahoo is expected to announce that Carol Bartz has accepted offer to become next CEO of the company, people familiar with the situation said, according to the Wall Street Journal.

Eddy Curry Accused of Sexual Harassment

David Kuchinsky, Eddy Curry's former driver, suing for sexual harassment against him, claiming Curry made sexual advances and also used anti-Semitic and racist comments.

Knicks vs Hornet at 101-95

On Monday night Hornets coach, Byron Scott, made the unusual move of keeping Paul in the game instead of giving him his normal rest at the beginning of the fourth quarter.

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