IBT Staff Reporter

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American Gangster squashes bees at box office

Oscar winners Denzel Washington and Russell Crowe overcame a swarm of bees to take top spot at the weekend North American movie box office with American Gangster, a true-life crime saga that set a number of records.

Dueling videogames Guitar Hero, Rock Band face off

The October 28 launch of Guitar Hero III: Legends of Rock struck the first chord in a highly anticipated battle of the bands between music-based videogames that will only get louder when rival Rock Band arrives November 20.

SUV with mind of its own wins robot car race

A souped-up Chevy Tahoe sports utility vehicle with a mind of its own was declared the winner of a robot car race on Sunday after it traveled without help from humans for six hours and 60 miles

Lilly clot drug works, but more bleeding seen

Eli Lilly and Co's investigational anti-clotting drug was better able to prevent heart attacks than the standard treatment Plavix, but the drug led to excess bleeding, a study released on Sunday found, a shortcoming that could curb its usefulness.

Citigroup shares trade higher in Tokyo debut

Shares in Citigroup Inc rose 5 percent on their first trading day in Tokyo on Monday, in a new exchange listing designed to boost the U.S. bank's presence in Japan but which coincides with the departure of its CEO.

Gold off 28-year high, but holds above $800

Gold dipped but held firm above $800 an ounce on Monday because of surging oil and prices and a weak U.S. dollar and dealers said strong fundamentals could help the metal retest a record high of $850 soon.

Shares fall as credit worries linger

Asian stocks eased on Monday with financial shares extending their slide as persistent credit worries offset a positive U.S. employment report, which showed twice as many jobs as expected were added last month.

Turkish soldiers freed after diplomatic push

Kurdish rebels on Sunday freed eight Turkish soldiers captured in an ambush last month in northern Iraq, a move which could ease public pressure on Turkey's government to launch a major cross-border incursion.

Rice assures Israel and urges bold peace moves

Condoleezza Rice urged Israel on Sunday to be bold in pursuing peace with the Palestinians after Israeli leaders warned her there could be no deal on a Palestinian state until their own security was guaranteed.

PetroChina shares triple in Shanghai debut

Shares in PetroChina, which raised $9 billion in the world's biggest initial public offer this year, nearly tripled in their market debut and far exceeded analysts' forecast, buoyed by the company's position in the world's second-biggest energy market.

Mexico floods recede as more evacuated

Thousands of people were plucked from rooftops in southern Mexico on Sunday as water receded after flooding that left 800,000 homeless in Tabasco state, authorities said.

Musharraf pressured as lawyers protest

Pakistan braced for protests against emergency rule on Monday, while President Pervez Musharraf faced mounting pressure from the United States to hold parliamentary elections in January.

Citigroup CEO Prince seen losing his crown

When Charles Prince replaced Sanford Sandy Weill at the helm of Citigroup Inc, he was given the unenviable task of replacing a legend. Shareholders feared he could never fill Weill's shoes. They may soon be proven right.

For stocks, Fed chief in the spotlight

Investors banking on more interest-rate cuts may get some clues about what comes next from Federal Reserve Chairman Ben Bernanke, who testifies before the Joint Economic Committee of Congress on Thursday.

Hollywood writers call Monday strike

The union representing U.S. screenwriters called for a strike against film and TV studios starting on Monday in a move giving negotiators one last weekend to reach a contract deal or shatter 20 years of Hollywood labor peace.

Ford and UAW reach tentative labor deal

Ford Motor Co on Saturday said it had reached a tentative labor deal with the United Auto Workers union, capping a historic round of bargaining between the union and the embattled U.S. auto industry.

Congress presses Iran but wants to avoid war

With Americans weary of the Iraq war and U.S. elections on the horizon, Congress is struggling over how to get tough on Iran without giving President George W. Bush a blank check for a military strike.

North Korean nuclear disabling to start Monday

A team of U.S. technicians will on Monday start disabling North Korea's nuclear complex which makes weapons-grade plutonium, a senior U.S. envoy said on Saturday, under a multinational disarmament deal.

Thousands flee floods in Mexico

Thousands of people fled a Mexican city on Friday after flood waters burst through sandbag barriers in a disaster that left 800,000 people homeless and most of the state of Tabasco under water.

Iraq vows to arrest Kurdish rebel leaders

Iraq said on Saturday it was ready to track down and arrest Kurdish guerrilla leaders responsible for cross-border raids into Turkey in an effort to avert a major incursion by the Turkish military.

Airlines can't catch a break

Major U.S. carriers are profitable for first time after years of financial ruin but their share prices keep dropping.

Samsung acquires Israeli Transchip

Samsung Electronics Co., Ltd., a leading mobile and telecommunications equipment provider as well's as well as world's biggest memory chipmaker on Wednesday announced that it had bought an Israel non-memory chip developer, Transchip.

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