More From IBT Staff Reporter
JetBlue profit falls as fuel costs rise
JetBlue Airways reported a 19 percent drop in second-quarter profit despite rising revenue as fuel prices battered the low-cost carrier and its rivals in the United States.
Jul 26, 2011
Chrysler Q2 net loss widens after repaying debt
Chrysler Group LLC, controlled by Fiat SpA , reported a second-quarter net loss on Tuesday after the U.S. automaker repaid $7.6 billion in loans to the U.S. and Canadian governments.
Jul 26, 2011
Physicists Disprove One Theory of Time Travel
One theory of time travel has been proven false by Hong Kong scientists.
Jul 26, 2011
Oslo Attack: Officials Say Wait Before Treating Norway Massacre Victims
Lawyers, psychiatrists and police were discussing the mental health of Anders Behring Breivik after the anti-Islam radical admitted to a bombing and shooting spree that killed 76 people. More than 100,000 Norwegians attended a rally in Oslo on Monday, many carrying white and red roses in mourning.
Jul 26, 2011
American Apparel to set up online store with EBay
American Apparel signed a multi-year deal with EBay Inc for an online store, as the retailer continues efforts to turn around its sagging sales, sending its shares up as much as 12 percent before the bell.
Jul 26, 2011
Netflix shares down after outlook disappoints
Netflix Inc, facing a backlash from customers upset over a price hike, warned its subscriber growth would cool down in the third quarter, and its shares fell 10 percent.
Jul 26, 2011
Zynga partners Tencent to debut first mainland China game
Social games maker Zynga is partnering with Tencent Holdings Ltd, the Chinese Internet company, to launch its first game in mainland China as it tries to find new users by tapping into the $5.8 billion Chinese games market.
Jul 26, 2011
Kate Middleton and Prince William's Adorable Eye Gazing & PDA [Photos]
Kate Middleton's Canadian and North American tour showed us a more affectionate side to the duchess.
Jul 26, 2011
Arsenal Transfer Rumours - McCarthy on Wenger's list?
Having added Gervinho and Carl Jenkinsson to the ranks, Arsenal are reportedly planning the capture Wigan Athletic midfielder James McCarthy.
Jul 26, 2011
Amy Winehouse death a case of drug overdose?
The five-time Grammy winner Amy Winehouse met a sudden death at t
Jul 26, 2011
Analysis: Bulging cash balances set up funds for deals
Global sovereign wealth funds are set to hasten investing the billions of dollars of cash holdings they have built up in a rebound from the 2008 financial crisis that has lifted their combined assets to a record.
Jul 26, 2011
UBS to cut costs and rethink fixed income unit
Switzerland's UBS will slash jobs and review the future of its fixed income business after the underperforming unit hit second-quarter profits and forced it to push back targets.
Jul 26, 2011
Consumer confidence edges 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
WTO's Lamy sees paralysis in global trade talks
The head of the World Trade Organization castigated its 153 members on Tuesday for failing to agree a watered-down global trade deal by December, and called for an adult conversation over what to do next.
Jul 26, 2011
New home sales fall in June, prices rise
New single-family home sales unexpectedly fell in June, but a sharp rise in prices and declining supply suggested the market for new houses was starting to stabilize, a government report showed on Tuesday.
Jul 26, 2011
Kate Middleton's Fashion Sense: Reforming Diana's Style [Photos]
Kate Middleton's Canada and U.S. tour proved to be and eventful one for the Duchess of Cambridge, as she exposed the West to her charm and fashion sense.
Jul 26, 2011
Michael Jackson Tribute Concert: Bad Timing?
"We wanted to do something decent and worthy of Michael's musical genius yet something fun and authentic that you would envision Michael attending with excitement and joy surrounded by talent that he respected and loved," stated Chris Hunt, president of Global Live Events who is organizing the concert event. The concert celebration would take place on Oct. 8, but the line up has yet to be announced. "When I was told some of the names of the artists performing I knew it would ...
Jul 26, 2011
Winehouse funeral takes place in London
The funeral of British singer Amy Winehouse was being held Tuesday after an autopsy failed to pinpoint the cause of her death.
Jul 26, 2011
Wall Street set for flat open, debt stalemate weighs
Wall Street was set to open little changed on Tuesday as earnings from blue chips like Ford extended optimism about a strong earnings season, but the debt ceiling stalemate kept investors nervous.
Jul 26, 2011
Congress deadlocked over debt as default looms
The United States edged closer on Tuesday to a devastating default as President Barack Obama's Democrats and their Republican rivals were deadlocked over competing plans to raise the debt ceiling, one week before a deadline to act.
Jul 26, 2011
LinkedIn tightens ties between jobseekers, employers
Professional social network LinkedIn took the wraps off a tool that allows jobseekers to apply for open positions by sending their LinkedIn profiles directly to prospective employers.
Jul 26, 2011
HTC faces test as investors fret over slowing growth
Taiwan's HTC, which rose from obscure origins making phones for others to become one of the world's top smartphone companies, is facing a test of its mettle as investor faith in its rapid growth wanes in an increasingly competitive market.
Jul 26, 2011
Ford profit tops expectations, shares up
Ford Motor Co's quarterly profit beat Wall Street expectations, helped by higher prices and improved sales in North America.
Jul 26, 2011
Bulging Cash Balances Set up Sovereign Funds for Deals
Global sovereign wealth funds are set to hasten investing the billions of dollars of cash holdings they have built up in a rebound from the 2008 financial crisis that has lifted their combined assets to a record.
Jul 26, 2011
Latest Reports Confirm iPhone 5's Release in September
After a series of report suggested that iPhone 5 will not be released before 2012, a couple of recent reports confirm that the long awaited monster will arrive on the first half of September.
Jul 26, 2011
'God Particle,' Higgs Boson: Cause of the Big Bang?
Thought to be what all matter was formed out of and the cause of The Big Bang, the data that researchers are worked up about are a few spikes that may signify the existence of the Higgs Boson particle, aka the "God Particle."
Jul 26, 2011
Forgotten Beatle Pete Best Gets Street Named After Him
He was unceremoniously dumped in ?62, just before the Beatles gained fame
Jul 26, 2011
Katy Perry: The Smurfette's New Hair in Latest Photo Shoot [PHOTOS]
Here are some photos of Katy Perry's latest photoshoot with her new blond hair.
Jul 26, 2011
Hershey profit beats estimates; raises outlook
Hershey Co reported higher-than-expected quarterly results and raised its full-year outlook, showing that consumers are willing to pay more to satisfy their sweet tooth even in a weak economy.
Jul 26, 2011
Chicken Pox Deaths Down Dramatically Due to Varicella Vaccine
Health officials and researchers from the United States Centers for Disease Control and Prevention say the decline shows that the benefits of the vaccine program - established in the 1990s - were larger than expected prior to its start. Chickenpox led to about 105 deaths a year during the pre-vaccine years of 1990 to 1994, researchers say.
Jul 26, 2011
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