IBT Staff Reporter

61291-61320 (out of 154954)

Political uncertainty key to U.S. credit downgrade

In its rationale for lowering the U.S. top level credit rating, Standard & Poor's cited a "prolonged" political fight to raise the debt ceiling and "containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues."

Marion Cotillard Could Be a Villain in The Dark Knight Rises

The ongoing film shooting happening in Pittsburgh have provided plenty of onset photos leaking online such as Batman's epic fist fight with Bane for The Dark Knight Rises. Other photos reveal an on screen beauty, Marion Cotillard, walking around in full costume.

With U.S. Credit Downgraded, S&P Warns of Further Drops

Credit rating agency Standard & Poor's has lowered the long-term U.S. credit rating to AA+ from AAA, saying that in its opinion, a recently passed deficit cutting plan by the U.S. government fell short of the goal of stabilizing the government's medium-term debt dynamics.

Groupon doubles users, will drop controversial metric

Groupon Inc, which more than doubled subscribers this year to 115 million, plans to abandon the use of a controversial financial measure it once touted as a good indicator of performance, two sources with knowledge of the situation said.

Exclusive: Groupon subscribers jump to 115 million

Groupon Inc subscribers have more than doubled to 115 million so far this year, a source with knowledge of the situation told Reuters, a positive sign for the daily deal site's much-anticipated 2011 IPO.

U.S. loses AAA credit rating from S&P

The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy.

Spam King charged with bombarding Facebook users

Sanford Wallace, known as the Spam King, has turned himself in to U.S. authorities after he was indicted for masterminding a scheme that sent more than 27 million unsolicited junk messages through Facebook's servers.

South America braces for fallout from crisis in north

South American nations said on Friday they are well-positioned to withstand a sharper global downturn but want to insulate their economies further from a crisis of confidence they blame on Europe and the United States.

Facebook Beats Apple as Worst Dressed in Silicon Valley, Zuckerberg MVP

Facebook has one up on Apple in the recent polls, unfortunately the competitive category is less than flattering. According to the latest issue of GQ magazine, Facebook's CEO Mark Zuckerberg has been named the worst dressed among a group of 15 other Silicon Valley CEOs. Coming in second was Apple's Steve Jobs. The ranking is among the various publications listed by magazines such as GQ, Vanity Fair, and Esquire.

Apple hits NY stores with trademark lawsuit

Apple Inc has won a temporary restraining order and preliminary injunction against several retail stores in the Chinatown section of Queens, New York, that sell cases and other accessories for Apple products, including the iPhone, iPod and iPad.

Consumer credit shot up in June

U.S. consumer credit shot up in June by $15.53 billion, according to a Federal Reserve report on Friday that showed consumers were willing to keep borrowing robustly in a tight job market.

U.S. expecting debt downgrade: ABC News

The U.S. government expects its debt to be downgraded by credit ratings agency Standard & Poor's from its current triple-A rating and is preparing for the event, ABC News said on Friday.

Berkshire profit rises on rails, manufacturing

Warren Buffett's conglomerate Berkshire Hathaway Inc reported a larger second-quarter profit on Friday, as favorable investment results and strength in the rail and manufacturing businesses offset another underwriting loss in insurance.

Delaware to intervene in BoA $8.5 billion pact

A day after New York's attorney general called Bank of America Corp's $8.5 billion mortgage-backed securities settlement unfair and inadequate, another state attorney general hinted he may also oppose the deal.

Losing Weight Can Boost Men's Sexual Health

Obese men with diabetes 2 can enhance erectile function and decrease urinary tract symptoms along with increased sexual desire by losing weight, a new study published in the Journal of Sexual Medicine shows.

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