The Global Business News Leader | Friday, Oct 8, 2010
IBTimes Top Stories
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Battle against al-Qaeda doesn’t end with Osama’s demise: Clinton
U.S. Secretary of State Hilary Clinton has warned that the battle against Al Qaeda did not end with the assassination of Osama Bin Laden.
New jobless claims jump to 8-month high
New U.S. claims for unemployment aid unexpectedly rose last week to touch their highest level in eight months, pushed up by factors ranging from spring break layoffs to the introduction of an emergency benefits program, a government report showed on Thursday.
ECB keeps rates at 1.25 percent, markets wait on hike hint
The European Central Bank kept euro zone interest rates on hold as expected on Thursday leaving markets focused on whether Jean-Claude Trichet will flag a June hike by declaring the bank is in a state of "strong vigilance.".
Portugal to sink into deep 2-year recession after bailout pact: finance minister
The Portuguese will likely descend into a deep recession over the next two years, after Lisbon country signed terms of a bailout from the European Union, warned the country’s finance minister.
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World
Efrain Rios Montt, former dictator of Guatemala, faces a new charge of genocide for the massacres conducted under his leadership during the 36-year Guatemalan Civil War.
US
Remembering the freedom struggle of the African Americans, the Freedom Riders celebrate their 50th anniversary, Oprah Winfrey’s show invited 178 of the original Freedom Riders to appear as special guests on May 4.
Economy
AAA projects 34.8 million Americans will travel 50 miles or more from home during the 2012 Memorial Day holiday weekend, but most are still concerned about their budget.
Companies
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, said it opened a new center in Da Nang, Vietnam, its third center in the Southeast Asian country.
Tech
Leap Motion has officially set the new standard for how we use desktop devices, a.k.a computers. On May 21, the motion-control software and hardware company announced its latest innovation - The Leap.
Global Markets
Best Buy Co. Inc. (NYSE: BBY) reported a 26 percent drop in its fiscal first-quarter profit due largely to higher restructuring costs compared to last year, but the earnings t...
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