International Business News http://www.ibtimes.com All articles are copyrighted by IBTimes.com Oracle Corp's plan to buy computer maker Sun Microsystems will be notified to European Union antitrust authorities this month, a source familiar with the deal said on Friday. http://www.ibtimes.com/articles/20090703/oracle-sun-deal-be-filed-eu-july.htm Fri, 03 Jul 2009 19:14:46 EDT Global semiconductor sales rose 5.4 percent in May sequentially, reflecting a slow pick up in demand for products such as mobile phones and personal computers that use chips, according to the Semiconductor Industry Association (SIA). http://www.ibtimes.com/articles/20090703/global-chip-sales-rise4-pct-may.htm Fri, 03 Jul 2009 19:12:39 EDT A sedative used in operating rooms which makes people unconscious, was found at the house of Michael Jackson, a law enforcement official said Friday, according to the Associated Press. http://www.ibtimes.com/articles/20090703/michael-jackson-had-strong-sedative-home-officials-find.htm Fri, 03 Jul 2009 17:58:40 EDT Microsoft Bing Travel is unavailable for services due to an accidental fire at a Seattle building where Bing Travel data reside. http://www.ibtimes.com/articles/20090703/fire-knocks-out-microsoft-bing-travel-bing-travel-bing-travel-unavailable.htm Fri, 03 Jul 2009 17:45:26 EDT New York 4th of July celebrations will feature fireworks in the Hudson River for the first time since the 9/11 attacks. http://www.ibtimes.com/articles/20090703/fireworks-show-in-new-york-city-july-4th-time-location.htm Fri, 03 Jul 2009 17:40:28 EDT Teck Resources <TCKb.TO> said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments. http://www.ibtimes.com/data/articleimgs/216241.jpg http://www.ibtimes.com/articles/20090703/teck-to-sell-17-percent-stake-to-china-for1-74-billion.htm http://www.ibtimes.com/articles/20090703/teck-to-sell-17-percent-stake-to-china-for1-74-billion.htm Fri, 03 Jul 2009 17:32:02 EDT Alaska Governor Sarah Palin, former Vice Presidential running mate of John McCain during the presidential elections in 2008, said Friday she is resigning on July 26 as governor and will not run for re-election on the position. http://www.ibtimes.com/articles/20090703/sarah-palin-resignation-remarks-text.htm Fri, 03 Jul 2009 17:30:16 EDT Researchers are using Bluetooth technology to observe the meanderings of tens of thousands of festival-goers at a top European rock festival, hoping their findings will launch a new generation of tracking devices. http://www.ibtimes.com/articles/20090703/bluetooth-big-brother-tracks-festival-goers.htm Fri, 03 Jul 2009 17:08:01 EDT Alaska Gov. Sarah Palin announced Saturday she is resigning from office by the end of the month, after deciding not to seek re-election in 2010. http://www.ibtimes.com/data/articleimgs/216219.jpg http://www.ibtimes.com/articles/20090703/sarah-palin-resigns-step-down-july-26.htm http://www.ibtimes.com/articles/20090703/sarah-palin-resigns-step-down-july-26.htm Fri, 03 Jul 2009 17:00:00 EDT Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd <WSH.N>, contending it was a willing participant in a $7 billion fraud at the Texas-based investment company. http://www.ibtimes.com/data/articleimgs/216212.jpg http://www.ibtimes.com/articles/20090703/stanford-clients-sue-insurance-broker-willis-group.htm http://www.ibtimes.com/articles/20090703/stanford-clients-sue-insurance-broker-willis-group.htm Fri, 03 Jul 2009 16:56:01 EDT The Michael Jackson Public Memorial Service has been set to take place on Tuesday, July 7 at 10:00 a.m. at Staples Center in downtown Los Angeles, according to the Staples Center website. http://www.ibtimes.com/articles/20090703/details-on-how-register-on-line-free-tickets-michael-jackson-memorial-service.htm Fri, 03 Jul 2009 16:52:33 EDT Alaska Governor Sarah Palin, Republican John McCain's vice presidential running mate in 2008, said on Friday she will resign this month and will not run for re-election as governor. http://www.ibtimes.com/data/articleimgs/216208.jpg http://www.ibtimes.com/articles/20090703/alaska-governor-sarah-palin-will-resign.htm http://www.ibtimes.com/articles/20090703/alaska-governor-sarah-palin-will-resign.htm Fri, 03 Jul 2009 16:46:28 EDT Fans of Michael Jackson living in the U.S. have two days to register to get free tickets for the singer's memorial service to be celebrated at the Staples Center in Los Angeles, California, next Tuesday July 7. http://www.ibtimes.com/articles/20090703/staples-center-tickets-for-michael-jackson-memorial-full-info.htm Fri, 03 Jul 2009 15:38:13 EDT Free tickets for Michael Jackson's public memorial service at the Staples Center in Los Angeles will be distributed randomly to people who begin registering on Friday July 3 from 1:00 p.m. EST to Saturday July 4, 9:000 p.m. EST. http://www.ibtimes.com/articles/20090703/michael-jackson-memorial-service-online-tickets-registration-begins-today.htm Fri, 03 Jul 2009 15:36:40 EDT China's ambitious plan to increase wind power capacity could attract up to $150 billion in investment, but Beijing will have to get serious about revamping regulations and building much needed infrastructure. http://www.ibtimes.com/articles/20090703/china-wind-companies-poised-green-policy-boost.htm Fri, 03 Jul 2009 14:56:28 EDT The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday. http://www.ibtimes.com/data/articleimgs/216198.jpg http://www.ibtimes.com/articles/20090703/dollar-status-unlikely-to-be-in-g8-communique-g8-source.htm http://www.ibtimes.com/articles/20090703/dollar-status-unlikely-to-be-in-g8-communique-g8-source.htm Fri, 03 Jul 2009 14:16:01 EDT Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone. http://www.ibtimes.com/articles/20090703/oil-falls-below-66-after-bleaks-jobs-data.htm Fri, 03 Jul 2009 13:48:04 EDT Canada's Teck Resources <TCKb.TO> said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help Teck pay down debt while expanding China's portfolio of commodity investments. http://www.ibtimes.com/data/articleimgs/216175.jpg http://www.ibtimes.com/articles/20090703/teck-to-sell-17-percent-stake-to-china-for1billion.htm http://www.ibtimes.com/articles/20090703/teck-to-sell-17-percent-stake-to-china-for1billion.htm Fri, 03 Jul 2009 13:48:02 EDT Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday. http://www.ibtimes.com/data/articleimgs/216197.jpg http://www.ibtimes.com/articles/20090703/medici-lawyer-says-kohn-didnt-get-madoff-payments.htm http://www.ibtimes.com/articles/20090703/medici-lawyer-says-kohn-didnt-get-madoff-payments.htm Fri, 03 Jul 2009 13:24:01 EDT Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday. http://www.ibtimes.com/data/articleimgs/216169.jpg http://www.ibtimes.com/articles/20090703/major-nations-should-back-dollar-as-key-currency-japan.htm http://www.ibtimes.com/articles/20090703/major-nations-should-back-dollar-as-key-currency-japan.htm Fri, 03 Jul 2009 13:16:02 EDT