More From IBT Staff Reporter
GSV takes stake in Facebook, valuing it at $70 billion
Investment fund GSV Capital Corp has taken a small stake in Facebook that values the world's No. 1 social networking site at about $70 billion.
Jun 27, 2011
Kate Middleton, Prince William watch Wimbledon tennis championships [PHOTOS]
The Duke and Duchess of Cambridge were spotted at Wimbledon.
Jun 27, 2011
Best moments from the BET Awards: And the winner is Chris Brown, no, Rihanna, no Drake! [Pics]
At last night's BET award there was an awkward mistake when reading the winner of the BET Coca Color Viewers' Choice Award
Jun 27, 2011
Lifeline for Saab as carmaker wins Chinese order
Swedish Automobile , the parent company of ailing carmaker Saab, was given a glimmer of hope after winning an order for new cars that will enable it to pay wages and suppliers and resume production.
Jun 27, 2011
China's Wen signals doubt inflation goal can be met
Chinese Premier Wen Jiabao signaled for the first time that China would struggle to meet its 4 percent inflation target this year, underlining expectations that interest rates will rise further even as economic growth slows down.
Jun 27, 2011
Consumer spending flat in May as auto sales slump
Consumer spending was unchanged in May for the first time in almost a year, likely reflecting a plunge in auto sales, according to a government report on Monday, that also showed a build-up in underlying inflation pressures.
Jun 27, 2011
Consumer spending set to restrain second-quarter growth
Consumer spending was flat in May, breaking a string of 10 straight months of gains, as households struggled with rising prices and automakers failed to deliver the models Americans wanted.
Jun 27, 2011
Wall St higher as investors bet on Greece plan
Stocks rebounded from three days of losses on Monday as investors bet there would be a near-term resolution to some of the uncertainty over Greece's fiscal crisis, but the absence of a firm plan could limit the market's upside.
Jun 27, 2011
Summer in Yellowstone Park: Wolves, Grizzly Bears, Rivers [PHOTOS]
Yellowstone National Parkis a national park located primarily in the U.S. state of Wyoming.
Jun 27, 2011
Michele Bachmann: A Books Reading List For Tea Partiers and the Curious
Who is the third-term representative from Minnesota? Here's a guide to the spare book offerings on her so far.
Jun 27, 2011
French banks agree Greek debt deal, blueprint for others
French banks, among the most exposed to the Greek debt crisis, have reached an outline agreement to roll over holdings of maturing Greek bonds, part of a wider European plan to avoid sovereign default.
Jun 27, 2011
Ryan Dunn death: Johnny Knoxville shares feelings on his blog
Feeling a slew of emotions, Johnny Knoxville decided to blog on his website about he truly feels about losing his good friend Ryan Dunn.
Jun 27, 2011
Kate Middleton attends Wimbledon in a stunnng dress [Pictures]
Kate Middleton attended Wimbledon with her husband Prince William on Monday.
Jun 27, 2011
GSV Capital takes stake in Facebook, valuing it at $70 billion
Investment fund GSV Capital Corp has taken a small stake in Facebook that values the world's No. 1 social networking site at about $70 billion.
Jun 27, 2011
Apple to introduce contract-free iPhone at $350 in September
Apple will finally make its products affordable for the middle class crowd by addressing the pre-paid mobile phone market, releasing contract-free iPhone for $350 along with iPhone 5 in September.
Jun 27, 2011
Emerging markets inflation could hit double digits: Mobius
Inflation in emerging markets could reach double digits, while economic growth this year will average 6 percent, according to Franklin Templeton's veteran emerging markets investor Mark Mobius.
Jun 27, 2011
China securities regulator says looking into accounting issues
China is looking into accounting issues involving Chinese companies listed in North America, an official at the country's securities regulator said in the watchdog's first public remarks since a series of accounting scandals.
Jun 27, 2011
GVS takes stake in Facebook, valuing it at $70 billion
Investment fund GVS Capital Corp has taken a small stake in Facebook that values the world's No. 1 social networking site at about $70 billion.
Jun 27, 2011
Scenes from the BET Awards 2011 [PHOTOS]
The BET Awards took place Saturday night in Los Angeles.
Jun 27, 2011
Time running out on LSE bid for TMX
The odds are stacked against the London Stock Exchange in its bid to take over the operator of Canada's biggest stock exchange, amid vocal endorsements for its made-in-Canada rival from investors, a billionaire activist and provincial politicians.
Jun 27, 2011
Israel: Conciliatory in run-up to UN vote on Palestine statehood
Despite the escalation of long-running tensions over settlements and a flotilla to deliver aid to Gaza, Israel has recently taken measures to woo Paris and other key votes at the UN.
Jun 27, 2011
Delta expects second quarter profit
Delta Air Lines Inc expects a solidly profitable second quarter as higher revenues have for the most part offset rising fuel costs.
Jun 27, 2011
Kuwait to try two over Twitter posts: official
Kuwait will put on trial two citizens for criticizing Gulf Arab ruling families on social media site Twitter, a security official said on Monday.
Jun 27, 2011
Berlin, Beijing to talk euro
Germany and China will discuss the euro and world currency system reforms during a visit by Premier Wen Jiabao, a German government source said, as Berlin said it would welcome more Chinese firms as long-term investors.
Jun 27, 2011
Futures suggest flat open with eyes on Greece
Stock index futures pointed to a mostly flat open on Monday, following three days of losses as investors remained cautious about Greece's fiscal future.
Jun 27, 2011
Wimbledon Day 7 Live Coverage
Live Coverage of all the Wimbledon action on day 7 as all 16 of men's and women's fourth-round ties take place.
Jun 27, 2011
China audits local government finances in debt clean-up
China released a comprehensive review of the massive debt of its local governments on Monday and curtailed their future borrowing, taking its first major step to prevent widespread defaults from destabilizing its vast economy.
Jun 27, 2011
Will the 'uncontacted' tribe discovered in Amazon survive?
An isolated indigenous group of Indians with absolutely no contact with the modern civilization hidden in the deep pocket of Amazon has been discovered by the Brazilian agency, FUNAI.
Jun 27, 2011
Ryan may win bail: Diagnosed of Aspergers syndrome
Ryan Cleary, the 19 year old student from Wickford, Essex who was arrested in connection with the hacking group Lulzsec is diagnosed with Asperger’s syndrome.
Jun 27, 2011
Wall St futures point to gains for equities
Stock index futures signaled a stronger start for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq up 0.1 to 0.2 percent by 0854 GMT.
Jun 27, 2011
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