IBT Staff Reporter

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Battle of Global World Slimmest TV Competition

Samsung Electronics plans to introduce the world slimmest LCD TV at the International Consumer Electronics Show (CES) in Las Vegas this week. According to the the company, the LCD TV thickness is one seventh of Samsung's Bordeaux 850 LCD TVs, which is currently the thinnest on the market. Samsung's new product, measuring only 6.5 millimetres (0.26 inch) thick, is thinner than any other existing TV set, and even slimmer than most mobile handsets.

OzForex Daily Commentary - 06/01/2009

Australian Dollar: The Australian Dollar opens higher today at 0.7149 and in the last 24 hours has been more up and down than the wicket at the Sydney Cricket Ground. In local

US Auto Sales Continue to Drop

Ford Motor Co. posted a 32% drop in U.S. light-vehicle sales for December while Toyota Motor Co. reported a 37% fall and Honda Motor Co. had a 35% decline, closing out the auto industry's worst year in more than 15 years.

USD Rallies, Awaits Data

The dollar bounced against the majors at the start of the week, rallying to 1.3555 versus the euro from 1.3962 and edging up to 93.56 against the yen.

Gas supplies drop, EU plays down dispute

European Union officials on Monday played down the impact of the gas dispute between Ukraine and Russia despite supply disruptions that are making some countries in Europe dip into gas reserves.

Recession hits big tech shows

The four-day Consumer Electronics Show in Las Vegas and the anticipated Macworld event that start tomorrow are expected to draw fewer visitors as the weak economy drains corporate travel and marketing budgets.

President-elect Obama arrives in DC

President-elect Barack Obama arrived Sunday evening in the Washington area, 16 days before being sworn into office, reported the Washington Post after leaving his home town of Chicago.

Widow wins $10M from husband's last lotto ticket

Donald Peters of Connecticut following a 20 year tradition with his wife purchased two Connecticut Lottery tickets on November 1, one of which was a $10 million winner, however later that day he suffered a fatal heart attack.

Obama considering expanding jobless benefits: report

NEW YORK - President-elect Barack Obama and Congressional Democrats are considering a major expansion of government-assisted health care insurance and unemployment benefits as part of a two-year economic recovery program, The New York Times reported in its Sunday editions.

Earthquake measuring 7.2 hits Indonesia

A series of powerful earthquakes on Sunday morning rattled the eastern Indonesian province of West Papua, collapsing a number of buildings and injuring at least three people, officials said.

Travolta's deny their son was autistic

John Travolta and his wife Kelly Preston have denied reports that Jett was autistic. Autism is not recognized by the Church of Scientology, of which Preston and Travolta are both prominent members.

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