IBT Staff Reporter

Tyco International Ltd. has entered into a definitive agreement on Thursday to sell its Tyco Printed Circuit Group (TPCG) business to TTM Technologies Inc. for $226 million cash.

The mayor of New York, Michael Bloomberg, along with Consolidated Edison urged consumers to conserve energy as a heat wave hits the east coast.

Napster painted a gloomy outlook for its online music service during a conference call with analysts on Wednesday.

Ford Motor Co. today announced a loss of $254 million or 14 cents per share for the second quarter. The new amount is nearly double what the company had previously reported.

IBM plans to spend $740 million to acquire MRO Software, a company that builds applications for managing industrial equipment.

The Bank of England surprised markets on Thursday by raising interest rates for the first time in two years, citing concerns that inflation would stay above its 2.0 percent target for a while.

South African new vehicle sales rose 20.8 percent in July, adding momentum to its steady growth rate over the past months, said the National Association of Automobile Manufacturers of South Africa on Wednesday.

High crude oil prices have had some impact on U.S. economic growth but the pain is not on the level seen during the energy price shocks of the 1970s, U.S. Energy Secretary Sam Bodman said on Wednesday.

DaimlerChrysler, the third largest U.S. car manufacturer, said on Tuesday that it would retain its employee discount offer in a bid to boost declining sales.

Time Warner, the world's largest media company, released its second quarter earnings on Wednesday, highlighting rapid revenue growth in its cable and network segments.

A Moscow court has declared OAO Yukos, once Russia's largest oil producer, bankrupt as company lawyers appealed the decision handed out on Tuesday.

Over 70 percent of Sub-Saharan African businesses are negatively affected by malaria, while nearly 40 percent reported a serious impact, a new study released on Thursday stated.

For the first time ever, Dell is preparing to sell laptops and desktops computers based on Advanced Micro Devices(AMD) processors, using platforms supplied by Nvidia, according to industry analysts.

Apple Computer, maker of niche computers and portable music players, issued updates for its Mac OS X operating system on Tuesday, fixing 26 errors and vulnerabilities.

Palm Inc. on Friday warned investors that delays in Palm's next operating system are affecting the company's ability to effectively compete in smart phone and PDA markets.

In a bid to boost its subscriber base, AOL, part of the Time Warner media conglomerate, announced today that it will be offering its services, such as e-mail and anti-spam software, for

Time Warner Inc. on Wednesday said its AOL unit will no longer charge high-speed Internet users for e-mail and other Web services in a gambit to attract more viewers and boost online advertising.

Google Inc. on Wednesday said it struck a deal with XM Satellite Radio Holdings Inc. to help the search engine's advertisers automatically insert ads on XM's nonmusic radio channels.

Treasury Secretary Hank Paulson's public support for a strong dollar on Tuesday failed to fully convince the foreign exchange market, which is now bracing for further weakness in the U.S. currency.

Despite all the talk about the shaky future of Social Security, its potential shortfall isn't the biggest risk for future retirees. They should be worrying about Medicare instead.

Producers are slowly passing on high energy prices to consumers, data showed on Wednesday, in a trend that raises consumer inflation risks and reinforces the case for gradual European Central Bank rate rises.

U.S. mortgage applications last week sank to their lowest level in over four years, as home purchase loan demand tumbled for the third straight week, an industry trade group said on Wednesday.

Investors, tired of weak returns and rising volatility in U.S. stocks, are turning to cash and fixed-income investments, including safer municipal bonds and Treasury inflation-protected securities.

The days when video and computer game companies spent a fortune on lavish displays may be a memory following changes to the industry's biggest trade show.

A three year 'mad cow' scare has left japanese consumers, restaurants and retailers weary despite a lifted ban on U.S. beef last week.

Microsoft's aim to extend beyond PCs will be further tested as it battles iPod in the portables market.

IBM announced new servers that can give businesses more computing power than predecessors, and also save them costs on energy.

Don't be surprised to see the Big Three automakers lower production forecasts for the rest of the year in light of soaring gasoline prices, slowing economic growth, and the sorry state of affairs in the automobile industry.

Core U.S. consumer prices rose 0.2 percent in June, continuing a steady march that has taken the year-on-year rate of nonfood, nonenergy inflation to 2.4 percent, its highest since September 2002, the Commerce Department said on Tuesday.