IBT Staff Reporter

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Bombardier wins $616 million CSeries order

Canada's Bombardier, the world's third-largest civil aircraft maker, said it won an order for 10 CSeries CS100 planes, worth $616 million at list price -- a third deal within a month, after struggling for a year to find orders for the jet airliner.
Jun 20, 2011

Egypt army web page tests presidential hopefuls

Egypt's military rulers have launched an online poll to test the popularity of potential presidential candidates, a move analysts said may be aimed at judging appetite for getting a former officer back in the post.
Jun 20, 2011

Top 6 Android 3D apps could bury Apple iPhone 5, App store

The upcoming releases of 3D Android smartphones HTC Evo 3D and LG Optimus 3D have been keeping developers busy to produce the latest 3D apps. Google's Android is making a leap into the 3D market ahead of Apple's iPhone and App store thanks to the latest offerings of mobile devices which support 3D display features.
Jun 20, 2011

Floods devastate China, drive up cost of food

Rainfall expected to boost China's agricultural production have instead caused widespread flooding, increased food prices and caused death in the East and South of the People's Republic.
Jun 20, 2011

Credit union regulator sues JP Morgan and RBS

The U.S. credit union regulator filed lawsuits on Monday against JPMorgan Chase & Co's JPMorgan Securities and Royal Bank of Scotland Group Plc's RBS Securities, alleging misrepresentation of investment vehicles backed by mortgages.
Jun 20, 2011

RBC to focus on U.S. asset management after sale

Royal Bank of Canada will focus on expanding its U.S. asset management business now that it has sold its money-losing U.S. retail banking operations to PNC Financial Services Group Inc for $3.45 billion in cash and stock.
Jun 20, 2011

.brands approach with Internet name shake-up

Brand owners will soon be able to operate their own parts of the Web -- such as .apple, .coke or .marlboro -- if the biggest shake-up yet in how Internet domains are awarded is approved.
Jun 20, 2011

EU gives Greece ultimatum: austerity for loans

Euro zone finance ministers gave Greece two weeks from Monday to approve further spending cuts and tax rises in exchange for another 12 billion euros in emergency loans, piling pressure on Athens to get its ragged finances in order.
Jun 20, 2011

Ex-hedge fund consultant Jiau convicted in insider case

Winifred Jiau, the first consultant for a so-called expert network firm to go to trial on insider trading charges, was convicted on Monday of securities fraud and conspiring with hedge funds to gain an illegal market advantage.
Jun 20, 2011

Apple exec takes full control as Penney CEO in February

J.C. Penney Co Inc on Monday gave an exact date for completely handing over the reins of the department store chain to its next chief executive, Apple Inc's retail boss, saying he will take control on February 1.
Jun 20, 2011

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