MANAGEMENT

Hurricane Isaac Update: More Mandatory Evacuations As Storm Claims First Fatality

Hurricane Isaac
Isaac persisted along its treacherous path on Thursday flooding areas, stranding residents and even claiming its first fatality. While the hurricane-turned-tropical storm Isaac weakened and is expected to become a tropical depression by Thursday evening, the rain is still making its mark on the specific areas of the Gulf Coast.
Sears

Sears, Former American Icon, Will Be Kicked Off S&P 500

Sears Holdings Corp. (Nasdaq: SHLD), which revolutionized retail in the 20th century with its mail order catalogs. will be removed from the S&P 500 Index at the end of Sept. 4, according to Standard & Poor's, after struggling to lure consumers amid the weak economy.
More news
IBTimes Logo

Asian Shares Ease, Euro Steady Ahead Of Bernanke Speech

Asian shares eased and major currencies stayed range-bound Thursday as investors avoided betting on direction before a speech by U.S. Federal Reserve Chairman Ben Bernanke, with focus on whether there will be any hint about further U.S. stimulus.
Lindsay Lohan Court Outfits

Lindsay Lohan Gets The Boot From Her Favorite Hangout The Chateau Marmont

This week appears to be an especially rough one for Lindsay Lohan, after reports have come out that the actress has apparently been banned from one of her favorite Hollywood spots, the Chateau Marmont, after ducking out on a hotel bill. Lohan was asked by management to vacate the suite, on August 1, which she has been living in since May 30, and not to return after accruing but failing to pay $46,350.04 in charges, reports TMZ.
Shari Arison

Shari Arison: The Wealthiest Woman In The Middle East

Shari Arison is the most powerful woman in Israel and the Middle East, and has a net worth of $3.9 billion to boot. But despite her numerous non-profit organizations and 25% stake in Israel's largest bank, Arison says she doesn't consider herself "a powerful person."
Apple iPhone 5 Already On Sale? Complete Set Of Components Sells For $199 In China [PICTURES]

iPhone 5 Features Rumors: 7 Ways Apple May Implement NFC

Given the multitude of rumors from the past year and the numerous patents in relation to the technology, it looks like Apple has invested considerably in NFC, and looks to implement the communication chip in a future iPhone. Quite possibly, we may see NFC in the next-generation iPhone, allegedly set to debut next month on Sept. 12, unofficially but most commonly called iPhone 5.
Paul Rooke, CEO Lexmark

Lexmark To Exit Inkjet Printer Unit, Fire 1,700; Shares Soar 20%

Printer specialist Lexmark International Inc. (NYSE: LXK) said it will fire 1,700 employees, mainly in the Philippines, as part of strategy to exit its aging inkjet printer business. The move came after the company reported lower income and revenue, industry experts forecast lower PC sales as well as competition from No. 1 printer maker Hewlett-Packard (NYSE: HPQ).
AOL Logo

AOL's $600M Stock Buyback, Special Dividend

Internet company AOL Inc. (NYSE: AOL) announced plans Monday to return $1.1 billion to shareholders through a special dividend of $5.15 per share and also to buy back $600 million of stock under an accelerated stock-repurchase agreement with Barclays Bank PLC.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.