IBT Staff Reporter

44791-44820 (out of 154954)

Olympus Panel Clears Accounting Firms of Blame in Scandal

Accounting groups KPMG and Ernst & Young have been cleared of any responsibility for a $1.7 billion accounting fraud at Japan's Olympus Corp, one of the nation's worst corporate scandals, in a report issued on Tuesday by a panel of lawyers appointed by the company.

Germany rejects rescue fund boost, Greece under pressure

Germany, the only major euro zone member to retain a top-notch credit rating, refused on Monday to consider boosting the bloc's rescue fund, while Greece was under pressure to urgently break a deadlock in debt swap talks if it is to avoid an unruly default.

Wikipedia to shut for 24 hours to stop anti-piracy act

Wikipedia, the popular community-edited online encyclopedia, will black out its English-language site for 24 hours to seek support against proposed U.S. anti-piracy legislation that Wikipedia founder Jimmy Wales said threatens the future of the Internet.

S&P downgrades euro zone's EFSF bailout fund

Rating agency Standard & Poor's cut its credit rating of the European Financial Stability Facility, the euro zone's rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin.

Reprise for Nortel debacle as Toronto trial opens

Three former executives at bankrupt Nortel Networks reached into the cookie jar a decade ago to enrich themselves, prosecutors said, opening a fraud trial that dredged up memories of one of the most spectacular casualties of the 1990's dot-com bubble.

Wikipedia to Shut for 24 Hours to Stop Internet Bill

Wikipedia, the popular community-edited online encyclopedia, will black out its English-language site for 24 hours to seek support against proposed U.S. anti-piracy legislation that Wikipedia founder Jimmy Wales said threatens the future of the Internet.

Pembina to buy Provident Energy for $3.16 billion

Pembina Pipeline Corp (PPL.TO: Quote) agreed on Monday to buy Provident Energy Ltd (PVE.TO: Quote) for C$3.24 billion ($3.16 billion) in an all-stock deal that will create one of Canada's biggest pipeline and natural gas processing companies.

Microblogging use in China quadrupled in 2011: think tank

Use of microblogging in China quadrupled in 2011 compared with the previous year, with nearly half of all Chinese Internet users now taking to the near-instant service to gather news and spread views, a government Internet think tank said Monday.

WestJet considers regional airline

WestJet Airlines Ltd may launch a short-haul airline as early as next year to serve smaller cities and towns in Canada, a challenge to its main rival Air Canada in a market that analysts say has room for a competitor.

Habs surprise red-hot Rangers

Montreal's Max Pacioretty scored twice as the Canadiens rose to the occasion with a 4-1 victory over the NHL-leading New York Rangers on Sunday.

European shares stabilize, economic data eyed

European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week, but they still looked vulnerable amid rising fears of a disorderly Greek debt default.

Artist, Descendants shine at Golden Globes

Silent-era film The Artist and family drama The Descendants were the top film picks at the Golden Globe Awards on Sunday in a loose-lipped awards show that even had host Ricky Gervais walking onto the stage with a drink in his hand.

Analysis: Swift takeover for Olympus unlikely

Olympus Corp should be the easiest of takeover targets: a profitable business with its share price in tatters, its management in utter disgrace and its balance sheet in need of fresh capital. But not in Japan.

Greek default fears grow as talks stall

Greece's private sector creditors warned on Monday that the Athens government must urgently break a deadlock in debt swap talks triggered by unreasonable demands from international lenders if is to avoid a disorderly default.

Greek creditors bridle at demands, default fears grow

Greece must urgently break a deadlock in debt swap talks triggered by unreasonable demands from its partners, the head of a group of representing its private sector warned on Monday, as Athens raced against the clock to prevent an unruly default.

Greek default fears grow as creditors bridle at demands

Greece must urgently break a deadlock in debt swap talks triggered by unreasonable demands from its partners, the head of a group of representing its private sector warned on Monday, as Athens raced against the clock to prevent an unruly default.

Friends turn to social media to find cruise ship survivors

Friends and relatives of passengers who were on board a capsized Italian cruise liner carrying more than 4,000 people have turned to social media to search for loved ones and vent their anger and shock at the disaster in which at least six people died.

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