IBT Staff Reporter

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Debt fears haunt Fiat's grand Chrysler plan

Concern over Fiat SpA's ballooning debt dragged its stock lower on Tuesday as the Italian carmaker moved a step closer toward a full merger with Chrysler Group LLC by outlining plans for a single management team.
Jul 26, 2011

Facebook tweaks face-recognition after complaints

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

Apple Lowers iPad 3 Costs, Possibly Fearing Barrage of Cheaper Android Tablets

It is apparent that the tablet market has exploded with devices offering a variety of options from screen display resolution, size, weight, touch sensor, connectivity features, processor speeds, materials, and drivers. Apple recognizes the competition coming from Android's mass producing line of tablets and has taken steps in lowering its pricing structure. Apple has been reported to be utilizing circuit suppliers in Taiwan in an attempt to lower costs for building an iPad 3 unit, possibly ...
Jul 26, 2011

InterDigital files Nokia, Huawei complaint

InterDigital Inc has filed a complaint at the U.S. International Trade Commission against Nokia, Huawei Technologies Co Ltd and ZTE Corp accusing the cellphone makers of infringing seven InterDigital technology patents.
Jul 26, 2011

Instant view: Consumer confidence ticks up in July

Consumer confidence edged higher in July as jitters over the outlook eased, though consumers remained gloomy about their current situations, according to a private sector report released on Tuesday.
Jul 26, 2011

Ford profits despite economy, rising costs

Ford Motor Co's profit held up well in a second quarter marked by the impact of Japan's earthquake, the shaky U.S. economy and high commodity costs, but the automaker remained cautious about consumer demand going forward.
Jul 26, 2011

BP fails to convince investors on strategy

BP Plc Chief Executive Bob Dudley's pledge of strong long-term growth failed to reassure investors concerned about the company's post-oil spill strategy and second-quarter results well shy of forecasts.
Jul 26, 2011

140,000 Petitioners Touched Court Ruling

More than 140,000 petitioners on change.org pleaded for the mercy of the Cobb County State Court on a hearing Tuesday over the sentencing of a woman whose 4-year-old son was killed in 2010, jaywalking before dusk across a road to their home, from which the closest crosswalk was more than 1500 feet away.
Jul 26, 2011

Lawmakers head for showdown in debt crisis

President Barack Obama's Democrats and their Republican rivals on Tuesday headed for a showdown over competing debt plans one week before a deadline for averting a potentially disastrous U.S. default.
Jul 26, 2011

South African Man Wakes Up Inside Morgue Fridge

After being reported dead by his family, a 50-year-old South African man was shut in a morgue fridge Sunday in the small town of Libode in the rural Eastern Cape. But after a 21-hour slumber he suddenly came back to life.
Jul 26, 2011

Religious groups set prayer vigil for U.S. debt deal

Across the street from the U.S. Capitol in the small north lawn of the United Methodist Building, Christians, Muslims and Jews will pray on Tuesday for the country's budget, and hope to teach Republicans and Democrats a lesson in compromise.
Jul 26, 2011

Top general warns against deep defense cuts

The nominee to be the next top U.S. military officer warned on Tuesday that cutting security spending by $800 billion or more as part of deficit reduction measures would be "extraordinarily difficult and very high risk."
Jul 26, 2011

Dollar, Stocks Slip on Debt Fears

The dollar fell on Tuesday as U.S. lawmakers remained deadlocked over raising the nation's debt ceiling to avoid a devastating default, while U.S. and European shares also declined.
Jul 26, 2011

Chinese Officials Start To Shut Down Fake Apple Stores

The most recent fake store in Kunming, China was stumbled upon by a 27-year-old American blogger living in the city, the capital of China's mountainous southwestern Yunnan province, complete with the white Apple logo, wooden tables and cheery staff claiming they work for the iPhone maker, while the Chinese government has launched an investigation into fake Apple stores that have popped up around the southwestern city of Kunming.
Jul 26, 2011

How to avoid an inheritance battle

We've all read about huge family fortunes squandered in legal battles between siblings after the patriarch or matriarch dies. While most of us wouldn't make national headlines regarding our estate planning matters, the pain and destruction of inheritance feuds can be minimized if not totally avoided.
Jul 26, 2011

Motorola bid to dismiss 3G phones lawsuit fails

Motorola Solutions Inc lost a bid to dismiss a class-action lawsuit accusing it of misleading shareholders about deteriorating prospects for its cellphone business, resulting in investment losses.
Jul 26, 2011

InterDigital files Nokia, Huawei, ZTE complaint

InterDigital Inc has filed a complaint with the U.S. International Trade Commission against Nokia Corp, Huawei Technologies Co Ltd and ZTE Corp accusing the cellphone makers of infringing seven InterDigital technology patents.
Jul 26, 2011

Snapshot: Developments in debt talks

Here is the situation on Tuesday as lawmakers try to close in on a deal to raise the $14.3 trillion U.S. debt limit by August 2 and avoid a federal credit default:
Jul 26, 2011

Lawmakers head for showdown over debt

President Barack Obama's Democrats and their Republican rivals on Tuesday headed for a showdown over competing debt plans one week before a deadline for averting a potentially disastrous U.S. default.
Jul 26, 2011

Wariness on debt issue keeps volume thin; 3M down

Stocks continued to face headwinds on Tuesday from the ongoing stalemate in Washington over raising the debt ceiling, with light volume showing the gridlock in Washington has made investors nervous.
Jul 26, 2011

KenolKobil posts 86 pct H1 pretax profit jump

Kenyan fuel marketer KenolKobil posted an 86 percent jump in first-half pretax profit to 3.22 billion shillings on Tuesday, helped by a 38 percent rise in sales and lower distribution costs.
Jul 26, 2011

Debt fears overshadow Fiat's raised profit target

Concern over Fiat SpA's ballooning debt dragged its stock lower on Tuesday, overshadowing the forecast-beating quarterly results that prompted the Italian carmaker to raise its full-year targets.
Jul 26, 2011

Home prices unchanged in May: S&P/Case-Shiller

Single-family home prices were unchanged in May, the first time in nearly a year they have not fallen on a monthly basis, though prices were still down compared to a year earlier, a closely watched survey said on Tuesday.
Jul 26, 2011

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