More From IBT Staff Reporter
Unemployment Claims Lower, But Still Higher Than Desired
The number of people filing for unemployment has gone down, but the number is still high
Oct 20, 2011
Travelzoo Earnings Rise on 14% Increase in Newsletter Subscriptions
The Internet media firm recorded third-quarter earnings of $0.36 per share as revenue rose 40% to $38.7 million, topping estimates.
Oct 20, 2011
Is Herman Cain Changing His Tune on Abortion?
Herman Cain seemed to imply Wednesday night that abortion is an issue that should be left to families, contradicting his previous statements.
Oct 20, 2011
The World's Busiest Airports in 2011
Which airports are the busiest in the world? Some are popular tourist destinations, but others will surprise.
Oct 20, 2011
California subpoenas BofA over mortgages: report
The California attorney general's office subpoenaed Bank of America Corp this week about the sale and marketing of troubled mortgage-backed securities to investors in the state, the Los Angeles Times reported.
Oct 20, 2011
Quebec bows to pressure, launches corruption probe
Quebec's Liberal government bowed to two years of pressure on Wednesday and announced a probe into allegations of corruption in the construction industry in the predominantly French-speaking province.
Oct 20, 2011
McGraw-Hill Profit Falls, Misses Analyst Estimates
Lower textbook sales and impact of weak credit markets on its S&P rating business weigh down on McGraw-Hill earnings. The company plans to cut at least $100 million in costs over next 15 months.
Oct 20, 2011
Canada selects shipyards to modernize Navy
Canada will sign contracts with shipyards in Nova Scotia and British Columbia under a C$35 billion ($35 billion) shipbuilding program, the largest in the NATO country's history.
Oct 20, 2011
Wall St slips on euro fund uncertainty
Major U.S. stock indexes reversed direction to turn lower in morning trading on Thursday as more doubts emerged over whether European leaders could reach a deal on further strengthening the region's rescue fund.
Oct 20, 2011
Asia emerges as battlefield for growth-hungry tech firms
When Google Inc unveiled its latest version of Android, the operating platform powering 50 percent of the global smartphone market, it picked Hong Kong as the destination to show off the new software on Wednesday.
Oct 20, 2011
Instant view: Jobless claims fall in latest week
New U.S. claims for unemployment benefits fell last week and a gauge of labor market trends hit a six-month low, a government report showed on Thursday, pointing to an improvement in the jobs market.
Oct 20, 2011
Instant view: Nokia posts surprise Q3 profit
Nokia reported a smaller than expected fall in third quarter profits on Thursday, boosted by strong sales of simple cell phone models.
Oct 20, 2011
Freddie Mac: Mortgage Rates Hold Steady
Average mortgage rates essentially held steady this week as they remain near their 60-year lows.
Oct 20, 2011
EU agrees on bank capital needs, split over bailout fund
The European Union has agreed that around 100 billion euros is needed to recapitalise the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the euro zone's bailout fund.
Oct 20, 2011
Ford Says UAW Deal Will Increase its Costs by Under 1% Annually
Ford said the labor pact with United Auto Workers union would cost $280 million in lump-sum payments in 2011, and average about $80 million annually for remainder period through 2015.
Oct 20, 2011
Olympus ex-CEO Woodford seeks UK police aid
Ousted Olympus Corp <7733.T> chief executive Michael Woodford is consulting police over whether he needs protection after passing new information to British fraud investigators about the Japanese company's irregular payments to advisory firms.
Oct 20, 2011
Barnes & Noble Expands Beyond Books
Barnes & Noble hopes to rely less on book sales, better compete against e-commerce rivals.
Oct 20, 2011
Wall Street flat on EU summit angst; earnings help
Wall Street flat-lined at the open on Thursday after a report suggested a much anticipated European summit on resolving the region's debt crisis may be postponed, but investors looking for a U.S. earnings season rally put a floor under the market.
Oct 20, 2011
iPhone 4S: How Does Apple's Latest Smartphone Compare Against Motorola Droid Bionic and Samsung Galaxy S II
Apple has sold over 4 million units of the new smartphone iPhone 4S through different retailers and carriers since last Friday. Although iPhone 4S looks identical to its predecessor -iPhone 4 - it has significant upgrades in both hardware and software, including an A5 chip, an 8-megapixel camera, Siri Voice assistant and iOS 5, which boast of over 200 new features. iPhone 4S: How Does Apple's Latest Smartphone Compare Against Motorola Droid Bionic and Samsung Galaxy S II
Oct 20, 2011
EU agreed on bank capital needs, split on bailout fund
EU member states have agreed that around 100 billion euros is needed to recapitalize the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the euro zone's bailout fund.
Oct 20, 2011
One in 10 Americans Take Antidepressants; Most Don't See Psychiatrist
One in 10 Americans is on antidepressants, according to a new survey by the Centers for Disease Control -- a 400 percent increase from a decade ago.
Oct 20, 2011
California Shuts Down 529 Plan
The ScholarShares Investment Board in California, which runs the 529 plan, has announced that it will shut down the ScholarShare plan sold through brokers and financial advisers because it didn't manage to find a manager.
Oct 20, 2011
Motorola Unleashes Droid Razr: Razor Sharp But Can it Take on iPhone 4S?
Motorola took the wraps off the new Droid Razr on Tuesday, announcing that it will be available for pre-order October 27 and will hit Verizon Wireless stores early in November. As Motorola's iconic brand, the Droid Razr is claimed to be the thinnest smartphone to date and among the lightest ever made.
Oct 20, 2011
Eli Lilly Earnings Fall 5% to $1.24 Billion on Higher Expenses
The drug maker recorded strong revenue but warned that pending availability of generics will hit at sales of Zyprexa, Cymbalta and Evista, which together accounted for 41 percent of third-quarter sales.
Oct 20, 2011
Gaming Shootout: iPhone 4S vs. Galaxy Nexus
We compare the iPhone 4S to Samsung's Galaxy Nexus and what it means for mobile gaming.
Oct 20, 2011
Hallmark's Expanded 'Star Wars' Offerings, Convention Exclusives Prove a Hit with Collectors
While it may seem incredible that Hallmark items are becoming the hottest Star Wars collectibles at many conventions, when IBTimes sat down with Christine Taylor, license creative account manager for Hallmark's License Design Studio, it became clearer that the company's passion for the items it's offering these days -- which have expanded far beyond ornaments -- runs deep.
Oct 20, 2011
MIT Researchers Developing Radar that Sees Through Walls
MIT scientists are developing a radar area that lets them "see" through walls.
Oct 20, 2011
Sprint Announces $99 EVO Design 4G, Available October 23
HTC is expanding its line of EVO devices. Together with Sprint, the mobile maker announced the HTC Evo 4G Design today, available October 23 for a modest $99.99 price tag (after a $50 mail-in rebate).
Oct 20, 2011
HTC EVO Design 4G to Hit Stores on Oct 23 for $99
Sprint Nextel has announced the HTC EVO Design 4G and it will hit retail stores on October 23 for $99.99, with a new two-year contract and after a $50 mail-in rebate.
The phone is smaller and less powerful than last year's HTC EVO 4G, though it has the same price.
Oct 20, 2011
New OmniTouch System Transforms Any Surface Into A Touchscreen
Researchers at Microsoft Research and Carnegie Mellon University have produced a wearable touch screen sensor system that can transform virtually any surface into a manipulable interface.
Oct 20, 2011
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