COMPANIES

The logo of the Swiss drugmaker Roche is seen on a factory in Burgdorf

Will Genentech's Perjeta Be The Next Blockbuster For Roche?

Combatants on the front lines in the war on cancer have a new weapon in the arsenal, as the U.S. Food and Drug Administration on Friday OK'd Perjeta -- flanked by Herceptin and docetaxel -- for deployment in a three-pronged attack on the enemy cells in people with HER2-positive metastatic breast cancer.
More news
Chesapeake Energy

Chesapeake Energy Selling Pipelines For $4B

Chesapeake Energy Corporation (NYSE: CHK), the nation's second largest natural gas producer, is seeking to patch its $22 billion shortfall brought on by dropping natural gas prices by selling its midstream pipeline assets to Global Infrastructure Partners for $4 billion, the company announced Friday.
Facebook IPO

Facebook Shares Rise On Early ComScore Data

Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, rose sharply Friday trading after a preliminary report by comScore (Nasdaq: SCOR) that its advertisements are effective.
Apple iPhone 5: Major Features, Specs, Schematics Released By Repair Site [REPORT]

Rumored iPhone 5 Features: Apple Building Thinner, Superior Cameras [REPORT]

Little by little, we've been piecing together the puzzle known as the iPhone 5. We already have a pretty good idea of what the iPhone 5 will look like, but we are still largely uncertain what will be inside the phone. According to a research note, Apple will make significant improvements to the entire camera infrastructure in the iPhone 5, all while decreasing the overall thickness of the phone.
A general view of Spyker Cars Saab factory in Trollhattan

Saab Sold For One-Third Of What GM Valued It At

Sino-Japanese joint venture National Electric Vehicle Sweden AB (NEVS) has paid a paltry 1.5 billion to 1.8 billion kronor ($210 to $250 million) for defunct Swedish carmaker Saab Automobile AB.
WWDC 2012 Keynote Live Blog

WWDC 2012 Preview: Apple Expected To Update Every Mac; What About iPhone?

We're just four days away from the start of the 2012 Worldwide Developers Conference (WWDC) in San Francisco, which is expected to be one of the biggest Apple events of the year. A new report says that Apple will introduce as many as 14 new Mac models at WWDC, including desktop computers (iMac and Mac Pro) and laptops (MacBook Pro and MacBook Air), among other products.
Best Buy

Best Buy Founder And Chairman Richard Schulze Resigns

Richard Schulze, the founder and largest shareholder of Best Buy Co. (NYSE: BBY), the biggest U.S. electronics chain store, told the company's board Thursday he is resigning, effectively immediately. A reason for the abrupt departure was not publicly disclosed.
 LinkedIn

LinkedIn Shares Rise Despite Security Breach

Shares of LinkedIn Corp. (Nasdaq: LNKD), one of the top professional social network sites, rose as much as 1 percent in early trading despite reports of security breaches of member passwords.
View of New York City

NYC Properties At High Risk of Hurricane Losses

When people think of hurricane damage they usually think of Miami or New Orleans, but a new report suggests the greatest financial risk of all may be much farther north: the greater New York City area.
IBTimes Logo

April Chip Sales Soared 3.4% In Biggest Monthly Gain Since 2010

Sales of electronic chips rose 3.4 percent to $24.1 billion in April, the biggest monthly boost in two years, the Semiconductor Industry Association reported. The trade group repeated an earlier forecast for yearly chip sales to reach $301 billion, a slight boost over 2011.
A 2008 Kia Rio.

Kia Recalls 73,000 Rio Sedans For Airbag Defect

Kia Motors Corporation (Seoul: 000270) is recalling 72,568 model year 2006 to 2008 Kia Rio cars due to a defect which can cause deployment of airbags when children are in the passenger seat during a crash, according to the National Highway Traffic Safety Administration (NHTSA), Tuesday.
IBTimes Logo

Google Buys Meebo, Quickoffice In 24 Hours: Deals Boost Google Plus, Productivity Apps

In the past 24 hours, Google has acquired two companies to substantially improve its various online services. On Monday, Google bought social start-up Meebo to enhance its social services like Google Chat and its social network Google+, and on Tuesday, Google bought Quickoffice to boost the functionality and compatibility of Google Apps like Docs, Gmail, Calendar, Google Drive, and more.
The Piaggio Aero P180 Avanti II seen from behind.

See How the Piaggio Aero P180 Avanti II's Cabin Size Measures Up

One of the main selling points of the Piaggio Aero Avanti II private plane is the relatively massive cabin size. If you're in the market for a private plane, you probably want comfort, and that probably means the ability to sit and stand without feeling crunched. Piaggio says the Avanti II is the perfect plane for this, but how do some of the other competitors stack up?
Delta

Airline Stocks Rebound After Delta Misses May Traffic Estimate

Airline stocks were recovering on Tuesday from a battering the previous day after Delta Air Lines (NYSE: DAL) showed a 6 percent increase in per-seat passenger revenue in May compared to last year, one percentage point lower than it had expected.
IBTimes Logo

GM's China Sales In May Climb To Record

General Motors Corp. (NYSE: GM) and its joint ventures in China sold a record number of vehicles last month as demand jumped more than 20 percent from the year-earlier level.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.