IBT Staff Reporter

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Stocks Fall as Debt Talks Stall

Stocks fell on Monday as continued political sparring in Washington over the debt ceiling heightened worries of a U.S. rating downgrade, sending world equities lower.
Jul 25, 2011

Lawmakers split as debt deadline looms

U.S. lawmakers were locked in a standoff on Monday over dueling debt plans that offered little prospect for compromise, increasing the threat of a ratings downgrade and default that could sow chaos in global markets.
Jul 25, 2011

Airlines raise fares to scoop up tax lapse

Many airlines raised fares in recent days to take advantage of a lapse in ticket tax collection after Congress failed last week to fully fund the Federal Aviation Administration budget, but passengers will likely not notice any price difference.
Jul 25, 2011

Chicken Pox Eradicated, is There Such Hope for HIV/AIDS?

According to a recent study, between 2002 and 2007, the annual average number of chickenpox deaths was the lowest ever reported, with 14 deaths recorded in 2007 and just 13 the year prior, due to a particular vaccine. Chickenpox led to about 105 deaths a year during the pre-vaccine years of 1990 to 1994, researchers say.
Jul 25, 2011

Norway attacker detained, claims collaborators

A judge ordered eight weeks detention on Monday for the Norwegian man who has admitted a bombing and shooting massacre that killed about 90 people and who claimed in court to have two more groups of collaborators.
Jul 25, 2011

Agencies look for credit rating alternatives

Banking regulators expect to release proposals for replacing the work of credit rating agencies in their regulations later this year when comprehensive proposals on tougher capital standards are unveiled, the Federal Reserve said on Monday.
Jul 25, 2011

Moody's warns Greek default almost certain

Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU rescue package.
Jul 25, 2011

Chrysler, union aim for deal without arbitration

Chrysler Group LLC and the United Auto Workers union expect to reach a deal on a new labor contract without resorting to arbitration, officials for the company and union said on Monday.
Jul 25, 2011

Food inflation in focus amid lofty crop price outlook

Grain prices will likely remain elevated at the end of this year, a Reuters poll showed, providing little relief to food prices while continuing to challenge policymakers battling to tamp down inflation.
Jul 25, 2011

FDA Warning: Mexican Papayas Recalled, Linked to Salmonella Poisoning

U.S. health regulators on Monday warned people not to eat Mexican-grown papayas from Texas distributor Agromod Produce Inc., as they investigate a possible link to a salmonella outbreak in 23 states. So far, the outbreak of Salmonella Agona has resulted in 97 reported cases of illness, ten of which involved individuals being hospitalized, across the country, the U.S. Food and Drug Administration said.
Jul 25, 2011

Wall St declines as debt talks stall

Stocks fell on Monday as continued political sparring in Washington over the debt ceiling heightened worries of a U.S. rating downgrade, sending world equities lower.
Jul 25, 2011

Justin Timberlake is On a Role...As the Leading Man in 'In Time' Movie

Justin Timberlake is on a role...many, many roles! The former boy band-er has had a successful music career with N'Sync and later rose to even higher fame with his solo hits. However, its been a little while since we heard a tune from Timberlake, because he has been serenading us as an actor in more than one film this year. He stared in "Bad Teacher" with Cameron Diaz and Jason Segal which was released early this summer. The hit comedy "Friends with Benefits" co-staring Mila Kunis...
Jul 25, 2011

GE moving top X-ray executives to China

General Electric Co is moving its global X-ray headquarters to China from the United States as part of the largest U.S. conglomerate's overall drive to boost its presence in big emerging markets.
Jul 25, 2011

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