IBT Staff Reporter

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Asian shares fall as Fed rally runs out of steam

Asian shares fell on Wednesday as a rally fueled by speculation that the Federal Reserve may signal further moves to support the struggling U.S. economy swiftly petered out, while gold rebounded from its sharpest one-day slide in 18 months.
Aug 24, 2011

Moody's cuts Japan rating one notch

Moody's Investors Service cut its rating on Japan's government debt by one notch to AA3 on Wednesday, blaming a build-up of debt since the 2009 global recession and the revolving-door leadership that has hampered effective economic strategies.
Aug 24, 2011

New MSNBC host Al Sharpton speaks out about new gig

When MSNBC CEO Phil Griffin announced Tuesday that Al Sharpton would be taking over the 6 p.m. slot with the new show Politics Nation, he spoke about the decade-long relationship he has developed with the minister and civil rights activist.
Aug 24, 2011

Disney axes Marvel's marketing department: report

Entertainment conglomerate Walt Disney Co axed Marvel Studios' marketing department as it seeks to cut film costs in a move that comes right after the company showcased The Avengers, Marvel's first movie under Disney, at their fan D23 convention over the weekend, Bloomberg said.
Aug 24, 2011

Stephen Malkmus' 'Mirror' defies nostalgia

When Pavement reunited for a series of major shows in 2010 after splitting a decade earlier, frontman Stephen Malkmus indicated that it was a one-time affair, and nothing he's said since has afforded any more hope to the indie nation that continues to venerate the '90s band. End of the asphalt -- for real? Apparently.
Aug 24, 2011

Strauss-Kahn Sexual Assault Case Dsmissed

A New York judge dropped all criminal sexual assault charges against ex-IMF chief Dominique Strauss-Kahn on Tuesday, leaving him free to return to Franceand rebuild a shattered career.
Aug 23, 2011

Rare Strong Quake Rattles U.S. East Coast

A strong earthquake rattled the U.S. East Coast on Tuesday, sending tremors as far as Canada, shaking the nation's capital and scaring thousands of office workers who fled onto the streets.
Aug 23, 2011

Virginia Earthquake Rocks East Coast August 23, Second Fukushima Averted

The August 23 Virginia Earthquake, the most massive earthquake to hit the East Coast in 67 years, made the United States question the safety of its nuclear power plants Tuesday. The earthquake, a 5.8 on the Richter scale, was only a few miles from the North Anna nuclear power plant.
Aug 23, 2011

Indian Government Seeks Compromise with Hazare

The Indian government Tuesday stepped its up efforts to end national anti-corruption protests led by an activist's hunger strike, but the first meetings to broker a truce ended without result.
Aug 23, 2011

Oil Price Outlook sours, Citi Sees 20 pct Fall

Several major banks cut sharply their oil price forecasts on Tuesday, with Citigroup saying that even if the United States printed more money, oil would stay depressed by weak economic growth and fresh supplies from Libya.
Aug 23, 2011

Asian Shares Rise on Hopes of More Fed Support

Asian shares rose on Wednesday as speculation the Federal Reserve may signal further moves to support the struggling U.S. economy sustained a modest rebound from this month's sharp sell-off.
Aug 23, 2011

Samsung targets emerging smartphone markets

Samsung Electronics unveiled on Wednesday four new smartphone models under its flagship Galaxy line to expand it to the mid to low-end segment and grow in emerging markets, as bigger rival Apple prepares a cheaper version of the iPhone 4.
Aug 23, 2011

Moody's Cuts Japan Rating by One Notch to AA3

Moody's Investors Service cut its rating on Japan's government debt by one notch to AA3 on Wednesday, blaming large budget deficits and a buildup of debt since the 2009 global recession.
Aug 23, 2011

Climate Scientist Cleared by NSF, No Evidence of Misconduct

The National Science Foundation said that they found no evidence of research misconduct from Pennsylvania State University climatologist Michael Mann. The climatologist is being simultaneously attacked by climate change skeptics urging him to decrease emission of greenhouse gases.
Aug 23, 2011

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