More From IBT Staff Reporter
Merkel presses Greece as another bailout deadline slips
Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout, as German Chancellor Angela Merkel made clear Europe's patience is wearing thin over drawn-out negotiations among its feuding political leaders.
Feb 06, 2012
Stock futures dip on worries over Greece
Stock index futures fell on Monday, indicating the benchmark S&P 500 index could pull back after a five-week rally on concerns Greece will be unable to avoid a chaotic default as it tries to reach terms on a new bailout package.
Feb 06, 2012
Disagreements on cyber risk East-West Cold War
With worries growing over computer hacking, data theft and the risk of digital attacks destroying essential systems, western states and their allies are co-operating closer than ever on cyber security.
Feb 06, 2012
Internet giants remove content after India court warning
Internet giants Google Inc and Facebook removed content from some Indian domain websites on Monday following a court directive warning them of a crackdown like China if they did not take steps to protect religious sensibilities.
Feb 06, 2012
Stock futures fall on Greece concerns
Stock index futures fell on Monday, indicating the benchmark S&P 500 index could pull back after a five-week rally on concerns Greece will be unable to avoid a chaotic default as it tries to work out a new bailout package.
Feb 06, 2012
China growth could halve if Europe crisis worsens: IMF
China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil significant fiscal stimulus, the International Monetary Fund said.
Feb 06, 2012
Analysis: Italy charm offensive more style than substance
The enthusiasm surrounding Mario Monti is excessive. He has not had time to address Italy's problems seriously, never mind fix them.
Feb 06, 2012
Citi gets approval to issue credit cards in China
The China unit of Citigroup Inc said on Monday that it has received regulatory approval to issue credit cards in China, the first non-Asian bank to receive permission.
Feb 06, 2012
Greek parties face EU bailout deadline
Greece's coalition parties must tell the European Union on Monday whether they accept the painful terms of a new bailout deal to avoid a messy default that could threaten the country's future in the euro zone.
Feb 06, 2012
Europe's debt rose to 82 percent of output at end-Q3
The European Union's total government debt rose slightly to 82.2 percent of economic output in the third quarter of 2011, the EU's statistics agency said on Monday, lower than the United States but still a burden that could take decades to pay down.
Feb 06, 2012
Taiwan smartphone maker HTC sees Q1 revenue lagging
Taiwan smartphone maker HTC Corp expects to post much lower-than-expected revenue in the first quarter, underscoring analyst views that it will face another weak quarter and an uphill struggle to prove to investors it still retains its innovative touch.
Feb 06, 2012
Analysis: Euro zone strugglers lack innovative knack
To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010.
Feb 06, 2012
GM aims for 10 percent profit margin over next few years: report
General Motors aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview.
Feb 06, 2012
Euro, shares lower ahead of Greek high noon
The euro and European shares retreated on Monday on nerves Greek would fail to come up with the political commitments needed to avoid a potential sovereign debt default, taking the shine off a U.S. jobs report that had brightened the global economic outlook.
Feb 06, 2012
Mitsubishi Motors to stop making cars in western Europe
Japan's Mitsubishi Motors Corp <7211.T> said it will end production at its only western European plant, in the Netherlands, at the end of this year, a move that was expected as its sales in Europe have dropped to a third of their peak.
Feb 06, 2012
Resilient Chevy, Chrysler ads win at Super Bowl
General Motors scored with an Armageddon-proof Chevy truck while a Clint Eastwood pep talk for America won notice for rival Chrysler during the high-stakes brand battle at Sunday's Super Bowl.
Feb 06, 2012
Insight: Two firms flourish in frenzied MF Global aftermath
The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.
Feb 06, 2012
Asian stocks rise, U.S. jobs gain outweighs Greece
Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investors' risk appetite, but the euro sagged on worries over a lack of progress in Greek debt restructuring talks which are vital to containing the euro zone crisis.
Feb 06, 2012
Asian stocks rise as U.S. jobs gain outweighs fears
Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investor risk appetite, overshadowing worries about a lack of progress in Greek debt restructuring talks that are vital to containing the euro zone crisis.
Feb 06, 2012
Glencore offers 8 percent premium to Xstrata to seal deal: FT
Commodities trader Glencore International is set to offer a bigger-than-expected premium to seal its proposed $88 billion merger with global miner Xstrata Plc , the Financial Times reported on Monday.
Feb 06, 2012
HTC faces uphill struggle to prove its worth
HTC was once the standard bearer of the Android phone but that was 2010 -- a long time ago in mobile terms. Now analysts say it faces another weak quarter and an uphill struggle to prove to investors it still retains its innovative touch.
Feb 06, 2012
NASA Unveils Future Aircraft Designs: Stunning Models (PHOTOS)
The stunningly innovative designs, which NASA calls greener flying machines for the year 2025, are being developed by three firms, all based in California.
Feb 05, 2012
Facebook looks to mobile devices for revenue: report
Facebook, the social network giant, is set to begin showing advertisements to users on mobile devices before its $5 billion initial public offering, the Financial Times reported on Monday.
Feb 05, 2012
CommVault Will Go It Alone, Despite M&A Buzz
CommVault Systems Inc has managed to skirt rampant consolidation in the fast-growing storage software market, and CEO Bob Hammer is planning to keep it that way.
Feb 05, 2012
CommVault says will go it alone, despite M&A buzz
CommVault Systems Inc has managed to skirt rampant consolidation in the fast-growing storage software market, and CEO Bob Hammer is planning to keep it that way.
Feb 05, 2012
Husky Dog Assumes Role of a Mother to Protect Siamese Kitten (VIDEO)
The 38-second clip shows the kitten walking away aimlessly from the side of the dog. But the Husky can't simply let the cat go away. Hearing the kitten's cries, the dog assumes the role of a caring mother, goes after the little animal, picks it up and brings it into safety.
Feb 05, 2012
Greek Parties Face Monday Bailout Deadline from EU Masters
Greece's coalition parties must tell the European Union on Monday whether they accept the painful terms of a new bailout deal as EU patience wears thin with political dithering in Athens over implementing reforms.
Feb 05, 2012
GM, Ford feud over Super Bowl ad
A simmering feud between General Motors Co and Ford Motor Co heated up on Sunday as Ford objected to GM's Super Bowl advertisement for its Chevy Silverado pickup truck.
Feb 05, 2012
Woodford Predicts More Revelations About Olympus
Official investigations into a massive fraud at Japan's Olympus Corp are highly likely to lead to further revelations on the scandal soon, according to the firm's former chief executive, Michael Woodford, who blew the whistle on the affair.
Feb 05, 2012
TiVo Shares Appear to be Discounted: Report
TiVo Inc is trading at a compelling discount and could be a possible acquisition target by Microsoft or Google, Barron's financial newspaper reported on Sunday.
Feb 05, 2012
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