IBT Staff Reporter

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Walmart Express hits Chicago

Wal-Mart Stores Inc is opening its first small store in Chicago this week in the first true test of a store format the world's largest retailer hopes will let it penetrate urban markets that it so far has had trouble cracking.
Jul 26, 2011

New York challenges Defense of Marriage Act

Two days after same-sex marriage became legal in New York, the state's attorney general has taken legal action challenging the constitutionality of the U.S. law which defines marriage as between a man and woman.
Jul 26, 2011

Casey Anthony judge blasts media, holds back juror names

The names of jurors in the Casey Anthony murder trial will remain secret until at least October 25 to allow those enraged by her acquittal to "compose and restrain themselves," according to the judge's order on Tuesday.
Jul 26, 2011

EA posts narrower-than-expected loss

Video game publisher Electronic Arts Inc, reported a narrower-than-expected loss and raised its second-quarter earnings forecast, as it sold more copies of the puzzle game Portal 2 than expected and pocketed more money on digital games.
Jul 26, 2011

Contador doping case put back to November: CAS

Triple Tour de France champion Alberto Contador's Court of Arbitration for Sport (CAS) hearing over a failed dope test, due to start on August 1, has been postponed until at least November, the Swiss court said on Tuesday.
Jul 26, 2011

UBS says profitable U.S. brokerage unit not for sale

The North American brokerage arm of UBS AG said on Tuesday that its second-quarter earnings benefited from higher fee and interest income, and that contrary to ongoing chatter, the unit is not for sale.
Jul 26, 2011

U.S. likely to lose top rating, economists say

The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy.
Jul 26, 2011

Facebook tackles face-recognition privacy concern

Facebook has made it easier for users to opt out of its controversial facial-recognition technology for photographs, an effort to address concerns that it had violated consumers' privacy.
Jul 26, 2011

Amazon revenue surges and stock jumps

Amazon.com Inc reported a surge in quarterly revenue and said revenue for the current quarter would be better than expected, sending its shares up more than 6 percent.
Jul 26, 2011

Amazon revenue surges, stock jumps

Amazon.com Inc reported a surge in quarterly revenue on sales of its kindle electronic reader and other electronics and forecast far better-than-expected revenue for the current quarter, sending its shares up more than 6 percent.
Jul 26, 2011

Amazon revenue surges

The largest Internet retailer benefited from growth in e-commerce, though margins continued to be pressured by heavy spending on distribution, technology and digital content.
Jul 26, 2011

Steelmakers warn of weak outlooks

Many of the world's leading steelmakers warn that profits in the second half of this year will be hurt because of the slow economic recovery, along with lower steel prices and higher raw material costs.
Jul 26, 2011

S&P, Moody's execs to testify before Congress

Executives from rating agencies Standard & Poor's and Moody's Investors Service are scheduled to testify on Wednesday on attempts to reform the credit rating industry and the role it is playing in the U.S. debt ceiling debate.
Jul 26, 2011

Home price rise fails to lift housing gloom

Prices for new single family homes rose to a five-month high in June even as sales slipped, but recovery for the broader housing market continues to be frustrated by an oversupply of properties.
Jul 26, 2011

Debt talks buffet stocks, but chipmakers shine

The stalemate in debt talks dragged down stocks for a second day on Tuesday, and light volume showed investors remained reluctant to make bets despite another round of healthy earnings.
Jul 26, 2011

Striking PHOTOS: Norway Explosion and Shooting Kill at least 91

Norwegian police confirmed Saturday morning that they had arrested Anders Behring Breivik, 32, a suspect identified as right wing Christian fundamentalist who is responsible for both the bombing and the youth camp shooting rampage in Oslo, Norway Friday.
Jul 26, 2011

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