BUSINESS

Kingfisher Airlines

Lenders Ask Kingfisher To Sell Assets

A consortium of lenders of the cash-strapped Kingfisher Airlines Thursday asked the Indian private carrier to sell its properties in Goa and Mumbai and to come up with concrete steps to improve its operations.

ECB Cuts Interest Rates To Record Low

ECB President Mario Draghi leaves the European Council headquarters after a night of negotiations at a European Union summit in Brussels
The European Central Bank, in a widely anticipated move aimed at limiting the number of euro zone nations falling into recession, on Thursday cut its main interest rate to a historic low of 0.75 percent and cut its overnight deposit and lending rates by 0.25 percentage points each, to 0 percent and 1.5 percent, respectively.
More news
Standard & Poor's

S&P Upgrades Philippines Credit Rating To BB+

Standard & Poor's Ratings Services has raised the credit rating of the Philippines, citing that the country's fiscal flexibility is gradually increasing and the debt profile is improving.
IBTimes Logo

France Slaps 7B Euro Taxes On Rich And Big Firms

France's new Socialist government announced tax rises worth 7.2 billion euros on Wednesday, including heavy one-off levies on wealthy households and big corporations, to plug a revenue shortfall this year caused by flagging economic growth.
Xbox 8 Or 720? 3 Better Names For Microsoft's Next-Gen Game Console

Xbox 8 Or 720? 3 Better Names For Microsoft's Next-Gen Gaming Console

Guessing the names of next-gen gaming consoles is always fun. Fans really thought the Gamecube would be called the Nintendo 128 (since it followed up the Nintendo 64), and using that same logic, gamers still think Microsoft will name its Xbox 360 sequel the Xbox 720. It's all been conjecture, until now. Among a list of domain names seized in a legal battle, the name Xbox 8 sticks out like a sore thumb.
U.S. Housing Sector

Thinking About Buying A US Home? Think Carefully

U.S. mortgage interest rates for 30-year, fixed loans are at/near 40-year lows. Further, while there's nothing like owning a home, for several reasons 'this is not your father's housing market.' There are pitfalls and pratfalls, and prospective buyers would be wise to review these five tips before taking the plunge.
'Jack Reacher' Trailer Released: Comparing The Books To The New Tom Cruise Movie [VIDEO]

'Jack Reacher' Trailer Released: Comparing The Books To The New Tom Cruise Movie [VIDEO]

Tom Cruise has been having some kind of rollercoaster week. After the shocking news of his divorce with wife Katie Holmes -- just before his birthday, no less -- Paramount Pictures chose to release a new trailer for Cruise's new action film entitled Jack Reacher on the actor's 50th birthday. The trailer is currenly available on Yahoo Trailers, and it is also embedded at the bottom of this page.
Apple To Release New iMac Without A Retina Display In Late 2012?

Apple May Release New iMac In October 2012: Will It Feature A Retina Display? [RUMORS]

Apple introduced some incredible new products and software at this year's WWDC -- the new Retina-powered MacBook Pro and iOS 6 were particular show-stealers -- but pro users felt specifically neglected at the event, where many were expecting Apple to refresh its entire Mac line-up. Unfortunately, despite a few spec bumps, the iMac and Mac Pro were largely untouched.
Citibank to lose billions

Citibank India Reports 35% Surge In FY12 Net Profit

The Indian division of the U.S.-based Citibank Tuesday reported a 35 percent rise in its net profit in 2011-2012 fiscal year, driven by robust growth in their corporate and retail banking and mortgage businesses, the bank said in a statement.
Subaru Outback

Subaru June US Sales Surged 40 Percent

Subaru, the automotive manufacturing arm of Japanese industrial company Fuji Heavy Industries Ltd. (Tokyo: 7270), reported June U.S. car sales rose 40 percent over the year before.
RIM CEO Thorsten Heins: 'There's Nothing Wrong With The Company'

RIM CEO Thorsten Heins: 'There's Nothing Wrong With The Company'

Research In Motion is in trouble. The BlackBerry maker has been suffering from an identity crisis for the last six months, which has resulted in mass layoffs, lots of job shuffling, dramatic drop-offs in market share and a quickly decaying portfolio for investors. But not according to newly-appointed CEO Thorsten Heins; in his eyes, RIM is all roses and rainbows and puppy kisses right now!

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.