More From IBT Staff Reporter
Sears may move headquarters when incentives expire
Sears Holdings Corp is looking at whether to move its corporate headquarters after the state and local incentives that brought it to Hoffman Estates, Illinois, a northwest Chicago suburb, expire in 2012.
May 09, 2011
Leaning Tower of Pisa re-opens after 20 year makeover
After two decades of punctilious work and € 30 million in bills, the Leaning Tower of Pisa has finally returned to its original splendour.
May 09, 2011
Higher prices boost McDonald's April sales
McDonald's Corp posted a better-than-expected 6 percent global rise in April sales at established restaurants as higher menu prices helped offset rising costs for beef and other ingredients.
May 09, 2011
Nuance shares jump on Apple news
Shares of Nuance Communications Inc jumped to their highest in more than 15 years after an influential technology blog said Apple Inc might expand its licensing deal with the speech-recognition technology provider.
May 09, 2011
Wall Street gains following snap back in commodities
Stocks rose on Monday as commodity-related shares rebounded, but worries remained over how much further the recent rally may continue.
May 09, 2011
Going Green: Recycled goes chic
In the recent years go green ideas have skyrocketed. The latest additions to this environmentally conscious trend are the innovative Fire Hose Accessories by designers Elvis & Kresse.
May 09, 2011
Lady Gaga promotes Born This Way in Mexico City [PHOTOS]
Mother Monster recently released her second single off Born This Way titled Judas. Last week Lady Gaga gave her fans a glimpse of the music video for Judas.
May 09, 2011
Mississippi River Flooding 2011: Lawbreakers Called Out
Shelby County Sherrif Bill Oldham said on Monday that law enforcement is keeping close watch and will arrest anyone breaking laws amid a difficult time in Memphis, Tennessee as it copes with a flood of historic proportions along the Mississippi river.
May 09, 2011
LinkedIn IPO price values company at over $3 billion
LinkedIn Corp, the social site for business professionals, is hoping to cash in with investors eager to gobble up shares in social networking companies such as Facebook, with a public debut valuing the company at more than $3 billion.
May 09, 2011
Wall Street up as commodity shares gain
U.S. stocks moved higher on Monday as a bounce back in commodities lifted energy and materials shares, offsetting concerns about European debt.
May 09, 2011
Oil jumps as bargain hunters buy, gasoline supports
Oil rallied more than 4 percent on Monday, rebounding as last week's record double-digit losses attracted bargain hunters and as equities markets remained stabilized after last week's strong U.S. April jobs report.
May 09, 2011
Ireland ramps up push for better bailout deal
Ireland warned on Monday it would need more favorable terms to rid itself of its debt troubles and said it was confident of securing a cut in the interest it pays for its EU aid without conceding ground on tax rates.
May 09, 2011
Groupon, Live Nation to launch new ticketing deals site
Top online group buying site Groupon tied up with Live Nation Inc to launch a new online ticketing deals website that will allow customers to buy tickets to concerts, theatres and other live events at discounted prices.
May 09, 2011
Nvidia Makes Mobility Move With Icera Purchase
Nvidia looking to stay up to par with Intel and Qualcomm on mobility, acquires Icera for $367 million.
May 09, 2011
LinkedIn IPO could value company at over $3 billion
LinkedIn Corp said it would offer 7.84 million shares in its initial public offering, which could value the company at over $3 billion at the high end of its offering price range.
May 09, 2011
Hertz makes new Dollar Thrifty bid of $2.1 billion
Hertz Global Holdings Inc fired the latest salvo in a 13-month-long battle for Dollar Thrifty Automotive Group Inc , offering nearly $2.1 billion as it looks to form the No. 2 U.S. car rental firm and bump a stalled bid from Avis Budget Group Inc .
May 09, 2011
Oil rebounds 4 percent on bargain hunting, gasoline
Oil rallied more than 4 percent on Monday as bargain hunting investors rushed in following a nearly $17 a barrel drop last week.
May 09, 2011
Wall Street supported by rebound in commodities
Stocks edged up on Monday as a bounce back in commodities lifted energy and materials shares.
May 09, 2011
Sysco posts higher results, shares up
Food distributor Sysco Corp reported a higher quarterly profit and revenue, helped mainly by strong demand for its products, sending its shares up 4 percent.
May 09, 2011
AIG shares hit fresh lows, threaten U.S. losses
Shares in bailed-out insurer American International Group fell to their lowest levels in nearly eight months on Monday, potentially moving them into loss-making territory for the U.S. Treasury.
May 09, 2011
Ann Curry to take over Meredith Vieira’s post at the “Today” show
It was announced Monday morning that Meredith Vieira will be leaving her job as co-host of the Today show in June.
May 09, 2011
Wave to pay chipmaker hires IPO banks: sources
Inside Secure, a chipmaker hoping to benefit from technology that allows shoppers to buy goods with the wave of a smartphone, has hired two banks for a Paris flotation, people familiar with the matter said.
May 09, 2011
Tyson Foods sees higher prices lifting 2011 sales
U.S. meat producer Tyson Foods Inc's second-quarter revenue rose more than expected on higher prices and the company forecast full year sales that would top Wall Street expectations.
May 09, 2011
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.
May 09, 2011
Meredith Vieira officially announces departure from the “Today” show
Rumors have been circulating the Internet for weeks now, but Monday morning Meredith Vieira officially confirmed the news that she is planning to leave the Today show.
May 09, 2011
Original architectural plans for Bin Laden’s house
The original architectural plans for the house in Abbottabad, Pakistan where Osama Bin Laden was found and killed have been revealed by The Independent.
May 09, 2011
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.
May 09, 2011
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.
May 09, 2011
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.
May 09, 2011
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.
May 09, 2011
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