IBT Staff Reporter

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EU leaders to hold crisis talks, ECB offers only

The leaders of Germany, France and Spain will hold crisis talks about Europe's spiraling debt crisis on Friday after China and Japan called for global policy cooperation following a market rout.
Aug 05, 2011

Apple vs. Samsung: The Legal Battle

In one of the world's biggest lawsuits, Apple Inc has sued Samsung Electronics for slavishly copying the 'look and feel' and 'design' of its products iPad tablet and iPhone smartphone. Both Samsung and Apple entered into a legal battle over patent infringement in the month of April 2011. Samsung counter sued Apple in 4 countries in 3 different continents.
Aug 05, 2011

Japan signals readiness to intervene again; market jittery

Japan's finance minister said he was closely watching yen moves on Friday, signaling a readiness to continue selling the currency after intervention on Thursday that likely totaled a record amount around 4.5 trillion yen ($56 billion).
Aug 05, 2011

Timeline: United States Budget Allocation for NASA

NASA's achievements are commendable considering its results between 1960 and 1970, especially for putting men on the moon. However, NASA's recent performance and its discoveries are considered to be of no practical value for mankind. There are various other causes that require funds in the United States rather than allocating more funds for NASA.
Aug 05, 2011

Stock index futures fall; all eyes on payrolls

Stock index futures pointed to a lower open on Wall Street on Friday, adding to the two-week slump as investors continued to sell, spooked by the prospect of another recession.
Aug 05, 2011

China, Japan urge global talks on economic crisis

China and Japan called for global cooperation on Friday after a financial market rout signaled fear that Europe's debt crisis could spin out of control and the U.S. economy may slide into another recession.
Aug 05, 2011

Greece and Ireland push RBS to $1.1 billion loss

Royal Bank of Scotland slid to a pretax loss of 678 million pounds ($1.1 billion) in the second quarter, bruised by writedowns on Greek government bonds and Irish customers struggling to repay loans.
Aug 05, 2011

Disapproval of U.S. Congress Hits Record High: Poll

A record 82 percent of Americans say that they disapprove of the way Congress is doing its job, compared with 14 percent who approve, according to a New York Times/CBS News public opinion poll published on Thursday.
Aug 05, 2011

China paper scoffs at suggestion Beijing is hacking villain

China's top official newspaper on Friday dismissed as irresponsible suggestions Beijing was the state actor behind massive Internet hacking of governments and companies that security company McAfee this week said it had discovered.
Aug 05, 2011

Online jobs index dips in July, gains from year ago

A gauge of online labor demand in the United States grew in July compared to a year earlier, but dipped on a monthly basis as the need for employees slowed in the summer months, a private research group said on Friday.
Aug 05, 2011

China should let yuan float: former central bank adviser

China should let the yuan float as soon as possible to halt a further build-up of China's foreign exchange reserves and avoid destructive losses in its dollar investments, a former central bank adviser said in comments published on Friday.
Aug 05, 2011

Europe powerhouses to discuss crisis as fear grips

Leaders from European powerhouses Germany and France will hold talks on Friday after a global market rout signaled fear Europe's debt crisis is spinning out of control and a U.S. recovery is stalling.
Aug 05, 2011

Payrolls awaited as markets fear recession

Jobs data on Friday could prove a make-or-break moment for global financial markets increasingly alarmed that the world's largest economy could skid into a fresh recession.
Aug 05, 2011

Hitachi-Mitsubishi merger talks crumbling: sources

Hitachi Ltd <6501.T> and Mitsubishi Heavy Industries <7011.T> are ready to walk away from merger talks, sources with knowledge of the matter said on Friday, dashing hopes for a groundbreaking marriage of two of Japan's oldest conglomerates.
Aug 05, 2011

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