IBTimes.com : Companies

Tom Storrs Dies at 93; CEO Helped Build Bank of America

Sun, 12 Feb 2012 16:21:05 EST

Tom Storrs, who set a small North Carolina bank on the path to becoming one of the largest U.S. financial institutions, died Friday at age 93.

Technology Focus: Cyber Threats Outrun Y2K Challenges, Disaster Scenarios

Sun, 12 Feb 2012 10:28:38 EST

Turn the clock back 13 years to 1999. Seek out the Chief Information Officer of every large business. What was the big worry? Y2K.

Noble Energy-Led Consortium Signs $680 Million Natural-Gas Deal in Israel

Sun, 12 Feb 2012 08:06:46 EST

The U.S.-Israeli consortium developing the Tamar natural-gas field off Israel's coast said on Sunday it had signed a 15-year deal to supply an Israeli power-plant operator with an estimated $680 million worth of gas.

Pentagon Budget Plans $178.8 Billion for Procurement and R&D in FY 2013

Sun, 12 Feb 2012 07:21:03 EST

The Pentagon's fiscal 2013 budget plan calls for the spending of $178.8 billion to develop and buy new warships, fighter jets, and other major weapons, a 7.5 percent drop from the level initially projected for the coming year.

iPhone 5: Top 10 Most-Anticipated Features

Sun, 12 Feb 2012 07:06:15 EST

As the release date for what is surely one of the most anticipated gadgets of the year (the rumored iPhone 5) is spoken about with greater intensity, speculations regarding features and specifications take precedence.

Boeing to Step-Up Production of 787 Dreamliner to 10 Planes a Month

Sun, 12 Feb 2012 06:37:32 EST

U.S.-based commercial aircraft manufacturer Boeing has announced they intend to scale up production speeds of their newly launched 787 Dreamliner, to 10 planes per month, by the end of 2013.

Top 5 Siri Alternatives for Your iPhone and Other Smartphones

Sun, 12 Feb 2012 06:17:39 EST

The Android and iOS markets are buzzing with voice-powered software applications. Some of these applications, though inspired from Apple's Siri, take voice assistance feature in smartphones to the next level.

Arrests: Rupert Murdoch Flies to London Amid Rumours of Sun Sale

Sun, 12 Feb 2012 05:01:49 EST

Murdoch is believed to have reached London, to restore confidence among the employees in the wake of the arrests of five of the Sun journalists.

Airlines Call for U.N. Deal to Avert Carbon Trade War

Sun, 12 Feb 2012 03:52:28 EST

Global airlines on Sunday called for a deal brokered by a United Nations agency to avoid an impasse between China and the European Union over jet pollution spilling into a trade war. Airlines are being squeezed between conflicting laws, the head of the International Air Transport Association said.

Apple Seeks U.S. Ban on Samsung Galaxy Nexus

Sun, 12 Feb 2012 03:45:33 EST

Samsung is once again in the thick of a legal wrangle with Apple. The Cupertino, Calif.-based tech giant invoked a preliminary injunction against the Samsung Galaxy Nexus, on Thursday, at a U.S. court.

Annual Toy of the Year Awards: Winners List [PHOTOS]

Sun, 12 Feb 2012 03:07:23 EST

The winners of the 12th annual Toy of the Year (TOTY) Awards were announced on Saturday, at the Toy Industry Hall of Fame Induction ceremony at the Alice Tully Hall in Lincoln Centre, New York.

iOS 5 Jailbreak: Top 10 iDevice Apps and Tweaks

Sun, 12 Feb 2012 02:31:44 EST

The very intent of jailbreaking your iDevice is to get the most out of iOS 5. There are some pretty fabulous apps and tweaks available for Apple devices in the market.

Pinterest: 5 Things to Know about the New Social-Media Platform

Sun, 12 Feb 2012 01:27:31 EST

Pinterest recently became one of the top five social networks on the Web in terms of weekly visits. For a quick rundown of all the things you need to know about Pinterest, we've gathered the most pertinent information about the hottest new social-media platform on the Web.

Rotten Apple: Slave-labor Workers Overseen by Company Director Al Gore

Sat, 11 Feb 2012 22:04:03 EST

Is there anyone on the planet who hasn't read of the spate of suicides, worker deaths and accidents at the Chinese plants owned by Taiwan's Hon Hai Precision Industries, better known as Foxconn?.

Mortgage Settlement: Details May Not Yet Be Finalized, Says American Banker

Sat, 11 Feb 2012 15:02:07 EST

A source has told American Banker that the terms of this week's massive national mortgage servicing settlement have not been finalized, and that politics drove Thursday's announcement

Native Americans: The Tragedy of Alcoholism

Sat, 11 Feb 2012 10:10:44 EST

According the Indian Health Services, the rate of alcoholism among Native Americans is six times the U.S. average.

Apple Takes Motorola to Court over Patent War

Sat, 11 Feb 2012 07:39:04 EST

Apple sued Motorola Mobility in a U.S. court on Friday in an attempt to stop Motorola from asserting some patent claims against Apple in Germany, according to the lawsuit.

Top 5 Android Tablets

Sat, 11 Feb 2012 06:05:43 EST

Apple's iPad 3 is likely to be launched in near future. However, if you not ready to wait for the next generation iPad, you have a long list of Android-running tablets to choose. These tablets come with amazing features, stylish looks and a reasonable price tag.

Diet Soda Addiction Can Kill You: Research

Sat, 11 Feb 2012 05:46:59 EST

If you thought diet soda is a healthier alternative to calorie-laden regular soda, you may be wrong. The bubbly zero calorie drink might increase your risk of heart disease.

Unreal Engine 4 Arriving in 2012? [VIDEO]

Sat, 11 Feb 2012 04:50:55 EST

Epic Games could be ready to unveil its Unreal Engine 4 before 2013.

Kindle Fire: Amazon to Launch New Bigger Model with 9-Inch Display

Sat, 11 Feb 2012 03:45:26 EST

Rumors are rife that Apple is all set to launch its next generation iPad, but the Android lovers should not lose heart as Amazon is also anticipated to release two versions of its flagship Kindle Fire, one of which will be bigger than the existing Fire, AllThingsD has reported.

Walnut Growers Seek to Stop Sales to Diamond Foods Inc.

Sat, 11 Feb 2012 01:14:06 EST

Some California farmers plan to stop selling their walnuts to Diamond Foods Inc. in the wake of an accounting scandal over grower payments that has claimed the jobs of the snack company's CEO and chief financial officer.

iPad 3 Rumours Lift Apple Shares to Over $500

Sat, 11 Feb 2012 00:50:02 EST

Rumours surrounding iPad 3's release in early March have boosted Apple (AAPL) shares to over $500, with a net surplus of 5 per cent rise in stock value in the last two days alone. Apparently, Apple's stock surge is also spurred by the company's first quarter earnings announced on January 24.

MF Global Trustee Estimates $1.6 Billion Gap

Sat, 11 Feb 2012 00:48:54 EST

The trustee supervising the liquidation of MF Global Holdings' brokerage has said that there is a shortfall of at least $1.6 billion to pay commodity customers' claims.

Valentine’s Day Special: Pizza Hut's Dinner Box Proposal Package for $10,010

Sat, 11 Feb 2012 00:35:46 EST

Pizza Hut is offering their customer a complete proposal package on Valentine's Day, which not only contains food but all other offers that would make the day special for the love-birds.

U.S. F-35 production slowdown may delay foreign orders

Fri, 10 Feb 2012 22:49:07 EST

Washington's plan to further slow production of the F-35 Joint Strike Fighter is prompting its eight foreign partners to rethink their own orders, threatening a vital revenue stream for Lockheed Martin Corp and slowing its drive to make the stealthy new fighter jet as affordable as promised.

Google Wallet a security risk: researchers

Fri, 10 Feb 2012 21:28:05 EST

Security researchers said they found a vulnerability in the Google Inc mobile payments platform which is currently available in phones sold by Sprint Nextel Corp.

U.S. IT Jobs Market: Can it Survive Globalization?

Fri, 10 Feb 2012 17:35:54 EST

Like many other sectors, the U.S. IT jobs market has been threatened by armies of smart, skilled and English-speaking professionals from emerging market countries like India, Pakistan and Russia.

Jeremy Lin Drives Knicks Ticket Prices, Demand Sky-High in 'Linsanity'

Fri, 10 Feb 2012 17:30:28 EST

The definition of "Linsanity": a 23 percent rise in average ticket price, a 36 percent ratings increase and a furious rush for new merchandise. That's the effect of blossoming New York Knicks point guard Jeremy Lin, who has burst into the NBA limelight over the past three games and im...

S&P Bank Downgrade: List of Italian Financial Institutions Affected

Fri, 10 Feb 2012 17:29:43 EST

Standard & Poor's downgraded the credit ratings of 34 Italian banks after lowering the country's credit just a month earlier.

EPA Yet to Respond to Texas Railroad Commission on Fracking

Fri, 10 Feb 2012 17:01:22 EST

The Environmental Protection Agency has yet to respond to a Texas Railroad Commission request to reclassify its draft report linking hydraulic fracturing to ground water contamination as a "scientific assessment.".

Groupon: Can It Recover From Its Disappointing Week on Wall Street?

Fri, 10 Feb 2012 15:59:13 EST

After a tough week on Wall St. following a disappointing earnings report, questions are being asked about the daily deal company's longterm strategy

S&P Downgrades 34 Italian Banks Due to Increased Financing Risks

Fri, 10 Feb 2012 15:36:27 EST

The nation's two largest banks, UniCredit and Intesa Sanpaolo, had their credit ratings downgraded to BBB+ from A by S&P. The country's third largest bank, Banca Monte dei Paschi di Siena, was downgraded to BBB from BBB+.

To Zip from IP, Amazon Morphs into Brick-and-Mortar - Report

Fri, 10 Feb 2012 15:26:22 EST

The constant rumor mill churning around online megalith Amazon.com (AMZN) has offered up a new hatchling, in brick and mortar form. The world's largest online retailer will open a physical store in Seattle, according to Good E-Reader, making it the first major online retailer to jump from an Internet Protocol address to actual zip code.

Obama's Proposed Fiscal 2013 Budget Has $901B Deficit

Fri, 10 Feb 2012 15:07:19 EST

The fiscal 2013 budget President Barack Obama will present to Congress on Monday will include hundreds of billions in infrastructure spending and a projected deficit of $901 billion, or about 5.5 percent of the nation's gross domestic product.

Tesla Model X Unveiled in LA [PHOTOS]

Fri, 10 Feb 2012 14:58:51 EST

Tesla Model X, the CUV prototype version of the Model S

Hyundai Elantra Coupe 2013: Look at the Sportier Version of the Elantra [PHOTOS]

Fri, 10 Feb 2012 14:21:44 EST

Hyundai unveiled a coupe version of its popular Elantra model, adding another version to the budding Elantra lineup. The compact version of the Elantra has been the most successful, but with the coupe version, Hyundai will try to attract young buyers to a sportier look.

Bernanke Urges Creditors to Rent Properties, Not Try to Sell Them

Fri, 10 Feb 2012 13:43:22 EST

The head of the U.S. central bank, in his second public statement on housing policy in as many weeks, told an audience of residential builders Friday that creditors who own vacant homes should consider renting the properties as a way to stanch urban blight.

Grammys 2012: Event Live Stream Kicks Off Friday, How to Tune in

Fri, 10 Feb 2012 13:27:11 EST

The Grammys 2012 Award ceremony may not start until Sunday, but the party begins on Friday with parties, news events and updates that can all be live streamed through Facebook's "GRAMMY Live" app.

U.S. GDP Forecast Lowered to 2.2% in 1Q: Survey

Fri, 10 Feb 2012 12:36:29 EST

U.S. GDP is projected to grow at an annual rate of 2.2 percent this quarter, lower than a previous estimate, according to a survey by the Philadelphia Federal Reserve, released on Friday.

Sprint CEO Remark Spurs Talk of T-Mobile Bid

Fri, 10 Feb 2012 12:28:05 EST

Sprint CEO Dan Hesse said his company might benefit from the collapse of the AT&T bid for T-Mobile USA.

PepsiCo to Restructure With Job Cuts

Fri, 10 Feb 2012 12:21:03 EST

PepsiCo has always been in direct competition with Coca-Cola Co., but now it seems that the company's main problem is higher costs for materials. A restructuring plan was announced Thursday that includes cutting 8,700 jobs internationally.

Oracle vs. SAP: What’s Left After Taleo Buyout?

Fri, 10 Feb 2012 11:42:14 EST

Now that perennial slugfest rivals Oracle and SAP have snapped up more human-resources software providers for the cloud, what’s left?

Apple iPad 3 Release: Why You Should Expect an iPad 2S

Fri, 10 Feb 2012 11:13:00 EST

Apple is busy prepping its next iPad, presumably called the iPad 3, for an early March unveiling. But even though this will be Apple's third iPad, there's a good chance the hype machine is actually promoting an iPad 2S.

Google Reportedly Developing Home Entertainment System

Fri, 10 Feb 2012 10:57:45 EST

Google is preparing to enter the home entertainment industry and, for the first time, market hardware entirely in its own name.

U.S. Stocks Fall on Greek Bailout Uncertainty

Fri, 10 Feb 2012 10:53:24 EST

U.S. stocks dropped on Friday as the most recent flare-up in Greek negotiations for a financial bailout package put the S&P 500 on track to snap a three-day winning streak.

Petrobras Approves 26 New Rigs for Offshore Oil

Fri, 10 Feb 2012 10:47:08 EST

Pretrobras, Brazil's oil giant approved the construction of several dozen new oil rigs designed to tap into the country's large offshore oil deposits.

Alibaba's Jack Ma Faces Big Yahoo Test

Fri, 10 Feb 2012 07:06:39 EST

If anyone can pull off the labyrinthine deal between Alibaba Group and Yahoo Inc, it is Jack Ma, who founded the e-commerce group and within a decade unlocked China's huge online shopping potential.

Samsung Galaxy S3 vs HTC Zeta: Stiff Quad-Core Battle Ahead

Fri, 10 Feb 2012 06:57:07 EST

The journey for Galaxy S3 will not be as smooth as Samsung hopes because HTC is all set to release the Zeta smartphone anytime soon.

iPad 3 Launch Imminent: Other Expected iDevices in Pipeline and iOS 5.1 Upgrade Tutorial

Fri, 10 Feb 2012 06:45:40 EST

As rumours behind the release of Apple products hit fever pitch, the anxiety among the restless fans continues. Check out the release dates of the most-anticipated iDevices this year, besides the iOS 5.1 upgrade tutorial.