IBT Staff Reporter

146551-146580 (out of 154948)

Paris loses out: Hilton fortune pledged to charity

U.S. hotel heiress Paris Hilton's potential inheritance dramatically diminished after her grandfather Barron Hilton announced plans on Wednesday to donate 97 percent of his $2.3 billion (1.16 billion pounds) fortune to charity.That wealth includes $1.2 billion Barron Hilton stands to earn from both the recent sale of Hilton Hotels Corp. -- started by his father Conrad in 1919 when he bou...

Apple and Fox planning movie rental deal: reports

Apple Inc and News Corp.'s Twentieth Century Fox are set to announce a deal that will allow consumers to rent movies through Apple's digital iTunes Store, media reports said on Thursday.

National Treasure sleighs Christmas box office

Nicolas Cage's adventure sequel National Treasure: Book of Secrets raced to $65 million during its first five days of release across North America, distributor Walt Disney Pictures said on Tuesday.

Oil hits one-month high over $96 a barrel

Oil rose to a one-month high above $96 a barrel on Wednesday ahead of a U.S. government report expected to show crude inventories in the world's top consumer fell for a sixth straight week.

Berkshire Hathaway to buy $4.5 billion Marmon stake

Berkshire Hathaway Inc, the conglomerate headed by billionaire investor Warren Buffett, said on Tuesday it planned to buy 60 percent of manufacturing and services group Marmon Holdings Inc. for $4.5 billion.

Angel Investors: Alive and Well and Active

If you thought finance had nothing to do with angels, think again.

Network shutdown disrupts users

When Adele Rothman bought her 16-year-old son a car in 2003

Techs and banks prompt stocks to fly with Santa

U.S. stocks jumped the most in three weeks on Friday,

Recalls haunt toy companies in Blue Christmas

Last summer's slew of toy recalls has not faded from U.S. consumers' minds

Lebanon delays presidential vote

A Lebanese presidential election scheduled for Saturday has been postponed until December 29, the parliament speaker said on Friday, the tenth delay to the vote.

Microsoft's Piracy Fight Gains Momentum in China

The software company co-founded by Microsoft Chairman Bill Gates nearly two years ago is seeing the benefits of more stringent intellectual property policies in China, with a decline in piracy rates and improved results at its mainstay Windows division.

U.S Stocks Rise on Consumer Spending; Merrill Gains

U.S. Stocks gained the most in two weeks, after news of a possible foreign investment in Merrill Lynch and a government report that consumer spending increased in November by the most in two years.

Consumer, Inflation Rise in November

Consumer spending rose in November, beating forecasts and easing concerns of an economic recession, while inflation raised its fastest pace in two years, the Commerce Department said on Friday.

Yahoo China Violates Music Regulations

A Chinese appeal court upheld an earlier music piracy ruling on Thursday, that found Yahoo China guilty of allowing mass copyright infringement through music downloads from its Website, the International Federation of the Phonographic Industry (IFPI) said.

Stores desperately seeking shoppers on Super Saturday

U.S. shoppers, come out, come out, wherever you are. Super Saturday, the last Saturday before Christmas, is often the biggest shopping day of the holiday season, according to the National Retail Federation.

Putin may become Gazprom chairman

President Vladimir Putin may become the next chairman of Russian gas export monopoly Gazprom when he steps down following a presidential election in March, Vedomosti business daily reported on Friday.

Nintendo Opposes Wii Bundles

Nintendo of America President Reggie Fils-Aime says he isn't too excited about retailers forcing buyers to get bundles which include its Wii game system together with other products such as games and accessories.

As Tribune Deal Closes, Zell Takes Charge as Chairman, CEO

Tribune Company said Thursday that it has completed its deal to go private with real estate magnage Samuel Zell taking over as chairman of the board and chief executive officer.

Linux Firm Red Hat Hires New CEO

Red Hat, a distributor of the Linux Operating System, named former Delta Airlines Chief Operating Officer James Whitehurst as its new chief executive officer on Thursday.

Microsoft Strikes Deal with Open Source Firm

Microsoft has signed a deal to share detailed information about its Windows software with a free software group, marking one of the first concrete results of the European Commission's anti-trust sanctions meted against the software giant.

Campbell sells Godiva for $850 million to a Turkish company

Campbell Soup Co., the worldâ€™s largest soupmaker, said on Thursday it has agreed to sell its Godiva Chocolatier unit to Yildiz Holding A.Z. for $850 million. Yildiz, the owner of the Ulker Group, is the largest consumer goods company in Turkish food industry with biscuits, chocolate, confectionery, food and beverages and dairy businesses.