IBT Staff Reporter

49711-49740 (out of 154955)

Vivendi Profits up, Sees no Impact from Crisis

Telecoms and entertainment group Vivendi said on Wednesday it had yet to see an impact from the current economic gloom on its business as it posted higher 9-months profits, driven by fast-growing demand in Brazil and in its video games business.

Olympus Preparing Legal Action Against Execs: Documents

Japan's disgraced Olympus Corp is preparing to take legal action, including possible criminal complaints, against any executives found responsible for the accounting scandal engulfing the firm, according to an internal staff email.

Keen video-gamers' brains may reward them more

Teenagers who spend a lot of time on video-games have different structures and activity levels in areas of the brain that are linked to reward, scientists have found, suggesting they get more out of gaming than people who tend to play less.

China FDI Remains Strong, but Export Outlook Darkens

Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.

China FDI remains strong, export outlook darkens

Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.

Asian shares fall on euro zone contagion fears

Asian shares and the euro fell on Wednesday as signs that rising borrowing costs were affecting AAA-rated France stirred fears that even core euro zone members may not escape contagion from the region's debt crisis.

U.S. reserves right to meet cyber attack with force

The United States reserves the right to retaliate with military force against a cyber attack and is working to sharpen its ability to track down the source of any breach, the Pentagon said in a report made public on Tuesday.

Citigroup May Cut up to 3,000 Jobs: Report

Citigroup In c is planning to cut as many as 900 jobs from its securities and banking division as it grapples with turmoil in equity and debt markets, the Wall Street Journal reported Tuesday.

Citigroup could cut up to 3,000 jobs: report

Citigroup In c is planning to cut as many as 900 jobs from its securities and banking division as it grapples with turmoil in equity and debt markets, the Wall Street Journal reported Tuesday.

Drake finds new groove on Take Care

The 25-year-old rapper-singer, born Aubrey Drake Graham in Toronto, Canada rose to stardom under the tutelage of rapper Lil Wayne, who signed Drake to his Young Money record label in 2009, and Take Care tells of his rocket ride to rap stardom.

Olympus Shares Rise; Ex-CEO may be Questioned

Shares in Japan's disgraced Olympus Corp jumped on Wednesday on speculation that it can escape delisting over an accounting scandal and that the brunt of any punishment will be borne by a few executives rather than the firm itself.

Qantas hopeful on deal with unions, shares rally

Australia's Qantas Airways is hopeful of reaching an agreement with three key unions by a November 21 deadline, its chief executive said on Wednesday, after it grounded its fleet last month in a desperate bid to end industrial disputes.

Fannie, Freddie cut lenders' risk in refinance program

Fannie Mae and Freddie Mac , the largest sources of U.S. housing finance, both said on Tuesday they would relieve lenders from certain risks associated with refinanced loans in an effort to help a government program reach more distressed homeowners.

Intel fund focuses on mobile applications

Intel is launching a $100 million fund to invest in companies creating applications and content that complement its mobile chips, which have struggled to find a foothold in tablets and smartphones.

Diane Keaton's Memoir Discusses Bulimic Years

Diane Keaton struggled with bulimia for five years before a psychotherapist helped her overcome it sometime around 1973, the actress wrote in a memoir that hit bookstores Tuesday. After learning she needed to lose 10 pounds to land a part in the original Broadway production of Hair in 1968, Keaton wrote, she would consume staggering amounts of ice cream that she later regurgitated.

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