More From IBT Staff Reporter
April auto sales seen up but quake effects loom
U.S. auto sales are expected to show a 16 percent increase for April, as the sales crunch dealt by the Japanese earthquake and tsunami is not expected to show up in new auto purchases until May, automakers and analysts said.
May 02, 2011
Manufacturing holds up despite slower growth
U.S. manufacturing activity slowed in April for a second straight month but input prices reached their highest level in nearly three years, according to an industry report released on Monday.
May 02, 2011
Sony freebies help soothe anger at data breach
Sony has won over some gamers by offering free access to its PlayStation Network to compensate for the leak of personal details on 78 million user accounts, but still has some way to go to regain the trust of consumers.
May 02, 2011
Rajaratnam absent from court as jurors deliberate
Hedge fund founder Raj Rajaratnam did not appear in court on Monday on the sixth day of jury deliberations in his insider trading trial after undergoing emergency foot surgery, his lawyer said.
May 02, 2011
Instant View: Construction, ISM data point to recovery
Construction spending rose more than expected in March, and a survey of factory activity in April increased, suggesting steady recovery in U.S. demand.
May 02, 2011
EchoStar, Dish to pay TiVo to settle dispute
Dish Network and EchoStar Corp will pay TiVo Inc $500 million to settle a patent infringement lawsuit involving TiVo's video recording technology, putting an end to a long and costly legal battle.
May 02, 2011
Oil slips in volatile trade after bin Laden death
Oil slipped on Monday in volatile trading as investors weighed the effect on crude futures and other markets from news that U.S. forces killed al Qaeda leader Osama bin Laden.
May 02, 2011
Teva to buy Cephalon for $6.8 billion, tops Valeant
Teva Pharmaceutical Industries Ltd struck a deal to acquire U.S. specialty drugmaker Cephalon Inc for nearly $7 billion, topping an unsolicited bid by Canada's Valeant Pharmaceuticals International Inc.
May 02, 2011
Endeavour's Heating Problem Will Cost NASA
The launch delay will cost NASA at least $500,000.
May 02, 2011
Lawmaker on debit fee curbs: slay the dragons
A key Republican lawmaker on Monday urged hundreds of tiny banks to slay the dragons when they battle Congress over new limits on debit card fees that could hurt their profits.
May 02, 2011
Oil slips, but trade volatile after bin Laden death
Oil prices eased on Monday in volatile trading as markets weighed the impact of news that U.S. forces killed al Qaeda leader Osama bin Laden.
May 02, 2011
Osama bin Laden is dead and buried at sea - conspiracy theory or true?
It may not be true that Osama bin Laden is dead and buried at sea, according to two Pakistani TV stations and some Americans, who feel he is still alive.
May 02, 2011
Stocks erase gains, market volatility rises
Stocks erased gains and were little changed on Monday as the killing of al Qaeda leader Osama bin Laden was seen as only temporarily easing geopolitical tensions.
May 02, 2011
Chrysler reports first quarterly net profit since 2009
Chrysler Group LLC reported its first quarterly net profit since emerging from bankruptcy nearly two years ago, helped by a revamped lineup of cars and trucks as well as higher vehicle prices.
May 02, 2011
'The Guy Who Liveblogged The Osama Raid'
A Pakistani software consultant tweeting witnessed the attack on the compound where Osama bin Laden died, and has become the guy who liveblogged the Osama raid.
May 02, 2011
Where was Osama Bin Laden Killed?
Osama Bin Laden was killed by the CIA in a mansion just outside Abbottabad in north-west Pakistan . Obama confirmed that the US has the body of Osama Bin Laden. No Americans were harmed in the operation.
May 02, 2011
Captured on Twitter: Raid against Osama bin Laden
In the early hours of Monday, Sohaib Athar reported on Twitter that a loud bang had rattled his windows in the Pakistani town of Abbottabad, adding that he hoped it wasn't the start of something nasty.
May 02, 2011
What Is Inside Osama's Pakistan Mansion? [VIDEO]
Just released video footage shows the bloody scene inside of Osama bin Laden's million dollar compound just outside of Pakistan's capital.
May 02, 2011
Osama Bin Laden dead - will Al Qaeda detonate nuclear bomb now, as threatened?
Shortly after 9/11, al-Qaeda had warned to set off a “nuclear hellstorm” if Osama bin Laden is ever captured or killed, according to U.S. government documents that were leaked just last month by Wikileaks.
May 02, 2011
Wall Street pares gains, Nasdaq turns negative
U.S. stocks pared gains and the Nasdaq turned negative on Monday, pressured by weakness in technology shares.
May 02, 2011
Osama bin Laden buried at sea - was it proper? No, say Muslim scholars
Osama bin Laden was hurriedly buried at sea in accordance with Muslim rituals and practice, say U.S. officials, a claim opposed by Islamic scholars worldwide even as some Americans wonder whether he is really dead.
May 02, 2011
GE wins $500 million contracts from Saudi Electricity
State utility company Saudi Electricity Co has awarded General Electric contracts worth more than $500 million to help SEC add 1,680 megawatts of generation capacity, the U.S. firm said on Monday.
May 02, 2011
Google Sued For Tracking Users' Locations
Two Android phone users are suing Google for $50 million in the wake of revelations that their phones might be tracking their locations.
May 02, 2011
Dish Network, EchoStar settles patent infringement lawsuit with TiVo for $500 mln
Dish Network Corp. and its former unit EchoStar Corp. have agreed to pay TiVo Inc. $500 million to settle a patent infringement lawsuit over use of its 'Time Warp' digital video recorder (DVR) technology.
May 02, 2011
Stocks higher after bin Laden death, M&A action
U.S. stocks rose on Monday after President Barack Obama announced that Al Qaeda leader Osama bin Laden had been killed in a firefight with U.S. forces and as a spate of proposed deals cheered investors.
May 02, 2011
Oil recovers after initial plunge on bin Laden death
Oil rose on Monday in choppy trading, reversing an initial price slide following news that U.S. forces killed al Qaeda leader Osama bin Laden.
May 02, 2011
Location Tracking Lawsuit Against Google (FULL TEXT)
The full text of the location tracking lawsuit file against Google last week.
May 02, 2011
Swaps players to beg U.S. regulators for speed, delay
Wall Street banks and major market players will deliver a mixed message to U.S. regulators at a meeting this week: hurry up and tell us what you are going to do, but give us more time to respond before you do it.
May 02, 2011
Osama bin Laden Dead; Ayman al-Zawahiri New Most Wanted Terrorist
Meet Ayman al-Zawahir, al-Qaeda's newest likely top commander.
May 02, 2011
Captured on Twitter: U.S. raid against Osama bin Laden
In the early hours of Monday, Sohaib Athar reported on Twitter that a loud bang had rattled his windows in the Pakistani town of Abbottabad, adding that he hoped it wasn't the start of something nasty.
May 02, 2011
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