IBT Staff Reporter

72541-72570 (out of 154953)

Rajaratnam jury starts third week, re-hears calls

The jury at the insider trading trial of hedge fund manager Raj Rajaratnam began the third week of deliberations by asking to hear replays of FBI phone taps between the Galleon Group founder and one of the former friends who testified against him.

Sysco results beat estimates, shares up

Top U.S. food distributor Sysco Corp reported quarterly results that easily beat analysts' expectations, as demand for its products rose even as it increased prices, sending its shares up as much as 11 percent to a year-high.

Ford F-150 truck probe expands to 2.7 million

U.S. safety regulators said they have expanded to 2.7 million vehicles an investigation into the possibility that straps holding fuel tanks can rust and break on Ford Motor Co F-150 pickup trucks from the 1997-2001 model years.

Paula Abdul confirmed as a judge on “The X Factor”

The Associated Press reported that former American Idol judge, Paula Abdul, has signed on as The X Factor's fourth judge. Abdul will join British singer Cheryl Cole, former Def Jam president L.A. Reid and Cowell on the judging panel.

Japan nuclear plant shutdown adds new risk to economy

The surprise closure of another Japanese nuclear plant, this time at the power supplier to the heart of the auto industry, threatens to dampen consumer sentiment and will provide car makers with yet another reason to produce fewer cars in Japan.

Hertz makes new pass at Dollar Thrifty, bids $2.1 billion

Hertz Global Holdings Inc fired the latest salvo in a 13-month-long battle for Dollar Thrifty , offering nearly $2.1 billion as it looks to create the No.2 U.S. car rental firm and bump a rival bid from Avis Budget that has stalled with regulators.

Oil up over $2 at $111, helped by bargain hunters

Oil rebounded by more than $2 on Monday due to bargain hunting after Brent crude lost almost $17 last week, but earlier bigger gains were pared after S&P cut Greece's debt rating and the dollar rallied against the euro.

Anish Kapoor unveils 'Leviathan' at Monumenta

Anish Kapoor is renowned for his monumental idiosyncratic sculpture forms of grandiose proportions, which leave viewers in a state of astonishment, and his current exhibition should be no exception. From May 11 - June 23, Kapoor's 'Leviathan' will be shown in Paris, at Monumenta 2011.

Price hikes boost McDonald's April sales

McDonald's Corp posted a better-than-expected 6 percent rise in April sales at established restaurants, helped by menu price increases that helped offset higher costs for beef and other ingredients.

BBC Equities founder-chairman charged with wire fraud, arrested

John Bravata, the founder and chairman of BBC Equities, LLC, has been arrested at JFK International Airport and charged with wire fraud in connection with his solicitation of investor funds for BBC, which Bravata characterized as a real estate investment fund.

Original Gangster Killers gang member guilty of racketeeting conspiracy, sentenced

United States Attorney Richard S. Hartunian said that Marcel Perry, a/k/a Juxx, a/k/a Jooks, age 23, of Albany, New York, was sentenced on Friday by United States District Court Judge Gary L. Sharpe to 111 months' incarceration (Perry was facing a sentence of 130 months but received 19 months credit for time already served), five years of supervised release following his release from incarceration, and a $100 special assessment.

Detroit-based medical clinic owners convicted of Medicare fraud

Two owners of a fraudulent Detroit-area medical clinic, Martin and Joaquin Tasis, and a man who helped them launder the proceeds of the fraud, Leoncio Alayon, were convicted on Friday by a federal jury in Detroit for their roles in a $9.1 million Medicare fraud scheme, the Departments of Justice and Health and Human Services (HHS) said.

Twitter outings undermine super injunctions

Twitter revelations of alleged attempts by British celebrities to cover up sexual indiscretions show that super injunctions to gag the press are unsustainable, lawyers said on Monday.

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