IBT Staff Reporter

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Brine-Injected Meat Should be Labeled: US Govt

Brine-injected meat is composed of 40 percent salt water, said the U.S. Department of Agriculture Friday. The USDA proposed a rule that will require companies to disclose the information.

Judge rejects Oracle damages estimate versus Google

A U.S. judge rejected Oracle Corp's claim for billions of dollars in damages from Google Inc for infringing on Java patents, a day after warning both sides they had taken unreasonable positions in a patent battle over the Android mobile system.

Lehman trustee appeals $1.1 billion win for Barclays

The bankruptcy trustee for Lehman Brothers Holdings Inc's brokerage arm is appealing a February decision awarding Barclays PLC about $1.1 billion associated with Barclays' purchase of Lehman's North American unit at the height of the financial crisis.

Wall Street, companies brace for the worst: a U.S. default

American businesses, from Wall Street banks to major industrial corporations, are preparing contingency plans for a pair of once-unthinkable events: the United States defaulting on its debt and the loss of the nation's top AAA credit rating.

Brine-injected Meat 40 Percent Salt Water: USDA

The U.S. Department of Agriculture said Friday that brine-injected meat is composed of 40 percent salt water and proposed a rule that would require companies to disclose this information. Currently, raw meat and poultry products that contain added solutions such as water, teriyaki sauce, salt, or a mixture thereof may have the same name on their labels as products that do not contain added solutions, said a USDA statement Friday.

Stan Lee reveals details of new comic Seekers

Comic book legend Stan Lee on Friday revealed details of his new web-based, digital series The Seekers, saying it is set in modern times on an Earth in danger of imminent destruction.

Russia backs Assange for Nobel, Oslo applauds pro-democracy activist Liu

Russia, which boycotted the Nobel ceremony on Friday, suggested that the Norwegian Committee should award a peace prize to Julian Assange. In an unusual move, Moscow called upon Rights group to rally support for the whistle-blower. Meanwhile, snubbing the communist China, the Nobel Prize committee has called for the immediate release of jailed Chinese dissident Liu Xiaobo.

Feeling the heat on debt, earnings

New York City may be frying in near record temperatures but Wall Street has been feeling the heat for months. Wrangling over the debt ceiling and questions marks over corporate earnings mean markets are unlikely to get a break any time soon.

Facebook wins dismissal of second Winklevoss case

Facebook Inc won a dismissal of a second lawsuit by the Olympic rowing twins Cameron and Tyler Winklevoss seeking to boost their $65 million settlement with the company and its founder, Mark Zuckerberg.

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