More From IBT Staff Reporter
Huawei, ZTE to shake up video conferencing -Ovum
Video conferencing services developed by Huawei and ZTE will shake up the market in coming years in the same way the Chinese vendors changed the telecom gear sector, research firm Ovum said on Thursday.
May 05, 2011
Oil crashes 10 percent in record rout
Oil collapsed into free-fall on Thursday, diving as much as 10 percent and sending U.S. crude back under $100 a barrel as investors staged a nearly unprecedented stampede for the exits.
May 05, 2011
Visa profit rises, but regulations weigh
Visa Inc's quarterly profit rose more than expected as increasingly confident consumers spent more, but doubts remain about the payments network's ability to grow under looming regulation.
May 05, 2011
Silver crash: The COMEX margin trick and Soros rumors worked well
The silver price in US dollars experienced a very sharp fall back of over 30 percent within 4 days. The main trigger were extremely rare and aggressive margin hikes for COMEX futures, which helped to eliminate a large chunk of speculative positions on the metal.
May 05, 2011
Justin Beiber joins NYT and Angry Birds in this years Webby Award Nominees
Winners of the 15th Annual Webby Awards announced including Justin Beiber, Arcade Fire and Old Spice Guy.
May 05, 2011
Cablevision profit up, New York growth weak
Cablevision Systems Corp posted a higher profit on Thursday, but shares fell as it added fewer Internet and phone subscribers than expected in its core New York area.
May 05, 2011
AIG pushes Airbus past Boeing in jet sales
A $9 billion, 100-plane order from the leasing arm of U.S. insurance group AIG has lifted Airbus above Boeing Co in new jetliner sales this year, putting pressure on the EADS unit rival to clarify its next plane design.
May 05, 2011
Commodities rout forces Wall St retreat
Stocks fell for a fourth day on Thursday as a massive sell-off in commodities spilled into other markets, forcing investors out of riskier assets and rattling the equities market before Friday's payrolls data.
May 05, 2011
U.S. data hints at slowdown in job creation
The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed.
May 05, 2011
Intel’s 3-D Transistor Looking To Break An ARM
Analysts say Intel has its sights set on the mobile space and ARM Holdings.
May 05, 2011
Tommy Hilfiger to buy Clock Tower Building in New York
Fashion retailer Tommy Hilfiger is set to buy the Clock Tower Building at 5 Madison Avenue for $170 million, according to the WSJ.
May 05, 2011
Anonymous to Sony: It wasn't us
The Internet vigilante group Anonymous denied responsibility for a cyber-attack on Sony Corp's networks that exposed the personal data of more than 100 million video gamers.
May 05, 2011
Did Bristol Palin have plastic surgery?
When Bristol Palin appeared at the Candie's Foundation 2011 benefit gala on Tuesday in New York, people started speculating whether she has had some work done on her face.
May 05, 2011
Expert: Sony Had Outdated Software, Lax Security
Sony's security was not updated and the PlayStation Network had little firewall protection, according to the testimony of a cybersecurity expert before Congress.
May 05, 2011
U.S. narrows case versus accused Ponzi schemer Stanford
Federal prosecutors have narrowed their criminal case against Allen Stanford, the Texas financier accused of running a $7 billion Ponzi scheme.
May 05, 2011
China rules U.S. carmakers are guilty of dumping
China has found some U.S.-made passenger cars benefited from unfair subsidies, damaging its carmakers, although Beijing side-stepped a potential trade row with the United States by not hitting them with duties.
May 05, 2011
RIM embraces BlackBerry rivals to remain relevant
Research In Motion's decision to open its highly secure Enterprise servers to Apple and Android smartphones is a once-unthinkable concession that could save the BlackBerry maker's skin.
May 05, 2011
Anonymous Denies It Was Behind Sony Hack
The hacker collective Anonymous has denied that it took part in the attack on Sony's systems, saying that the group or its members have not been known to steal credit card numbers.
May 05, 2011
Wall Street slides on weak economy and oil plunge
The Dow and S&P 500 fell on Thursday after a weak labor market report fueled new fears about the strength of the economic recovery and as energy shares tumbled with the price of oil.
May 05, 2011
Cisco: It’s Time To Get Simple
Cisco announced changes to its management structure.
May 05, 2011
Study predicts Made in the USA revival
The Made in the USA label may be poised for a comeback, a new study argues.
May 05, 2011
Cablevision profit up on Web, phone subcribers
Cablevision Systems Corp posted a higher first-quarter profit on Thursday as it added more high-speed Internet and phone subscribers, boosted by its acquisition of Bresnan Communications last year.
May 05, 2011
Con-way cuts volume, raises price in profit push
Less is more at Con-way Inc .
May 05, 2011
Katie Couric allegedly close to $20 million deal with ABC
People.com is reporting that Katie Couric, who recently stepped down from hosting the CBS News, is close to signing a $20 million deal with ABC.
May 05, 2011
House from the Movie Home Alone for Sale for $2.4 Million
The house from the 90s hit film “Home Alone” where 8-year-old Kevin, played by Macaulay Culkin, outsmarts a pair of burglars is for sale for $2.4 million.
May 05, 2011
Oil plummets 8 percent as commodities battered
Oil plunged more than 8 percent on Thursday, heading for the third biggest daily drop in dollar terms on record, as concerns about economic growth and monetary tightening spurred a sell-off in commodities.
May 05, 2011
The WTC site: a glimpse into the past and its bright future
As Americans revel in the wake of Osama bid Laden's death, we take a deeper look into the history of the World Trade Center, and its future.
May 05, 2011
U.S. narrows case vs accused Ponzi schemer Stanford
Federal prosecutors have narrowed their criminal case against Allen Stanford, the Texas financier accused of running a $7 billion Ponzi scheme.
May 05, 2011
Data hints at slowdown in job creation
The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed.
May 05, 2011
Amazon's Kindle to be sold at 3,100 Walmart stores
Wal-Mart Stores Inc said on Thursday that it would start selling Amazon.com Inc's Kindle this week, as Amazon continues to bring the electronic reader into more shops to attract potential buyers.
May 05, 2011
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