IBT Staff Reporter

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S&P restates political threat to U.S. AAA rating

The risks of the U.S. losing its prized triple-A rating over the medium term have increased as the country faces a political impasse and nears its debt ceiling, Standard and Poor's said on Tuesday.
Jun 21, 2011

iPhone 5 will be a beast in September: New design and hardware?

Apple iPhone 5 rumors are swirling with talks of a new body case design and upgraded hardware for an August or September launch date. Rather than a just a minor upgraded model of the current iPhone 4, it is expected that iPhone 5 could roll out a radical new case design for the upcoming iPhone, though we have not been given any additional details, according to Boy Genius Report.
Jun 21, 2011

JPMorgan To Pay $153.6M To Settle SEC Charges

JPMorgan Chase, the Wall Street bank that during the financial crisis has managed to remain afloat has agreed to pay $153.6 million to settle claims by the U.S. Securities and Exchange Commission it designed and sold a product linked to risky mortgages during the housing market collapse of 2007.
Jun 21, 2011

Roger Ebert Facebook Suspended After Ryan Dunn Tweet

Film critic Roger Ebert's Facebook page was suspended Tuesday after Ebert posted a controversial tweet referring to Jackass star Ryan Dunn's death. The page was restored one hour later, according to Ebert's Twitter.
Jun 21, 2011

More pain for Nokia, RIM seen as smartphones get cheaper

Credit Suisse said competitive pressure in the smartphone industry was likely to increase over the next 12-18 months as a wave of low-end Android phones hits the market and Apple is seen releasing a cheaper iPhone in 2012.
Jun 21, 2011

Wall Street gains on Greece plan optimism

Stocks rose on Tuesday as expectations grew that a default of Greek debt could be avoided and sovereign risk in other euro zone countries could be contained.
Jun 21, 2011

FDA Unveils 9 New Graphic Tobacco Labels, Warning Smokers [PHOTOS]

Nine new warning labels with graphic images will be required on U.S. cigarette packs, FDA announced on Monday. The labels will cover the top half of a tobacco package on both sides, each including a national quit smoking hotline number. 20% of an ad will also be given to warning labels.
Jun 21, 2011

Astronaut Mark Kelly Announces Retirement From NASA

Mark Kelly, the astronaut and husband of recovering Rep. Gabrielle Giffords, announced his retirement from the Navy and NASA Tuesday saying he plans to focus on his wife's recovery and work with her to pen a memoir.
Jun 21, 2011

Barnes & Noble hurt by Borders, helped by Nook

Barnes & Noble Inc had a deeper-than-expected fourth-quarter loss as the largest U.S. bookstore chain came under pressure from going-out-of-business sales of rival Borders Group Inc.
Jun 21, 2011

Wall Street extends gains, hits session high

U.S. stocks extended gains on Tuesday, with the Nasdaq Composite up 2 percent and the Dow and S&P 500 at session highs as optimism over a confidence vote for Greece and better-than-expected housing data boosted investor appetite for equities.
Jun 21, 2011

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