IBT Staff Reporter

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GM SUVs probed for bad fuel gauges

Federal regulators are investigating 865,000 General Motors Co sport utility vehicles for potential faulty fuel gauges that could mistakenly tell drivers their vehicles have more gas than they do.
May 02, 2011

Clinton to Taliban: 'You Cannot Defeat Us'

Secretary of State Hillary Clinton in a speech on Monday after the U.S. announced it had killed Osama bin Laden, said the U.S. and allies would continue to take the fight to al-Qaida and the Taliban, saying you cannot defeat us.
May 02, 2011

Manufacturing slows for second month in April: ISM

The pace of growth in the U.S. manufacturing sector slowed in April for a second straight month but input prices were at their highest in nearly three years, according to an industry report released on Monday.
May 02, 2011

Oil drops after Osama bin Laden death

Oil prices fell more than 3 percent on Monday after U.S. forces killed al-Qaeda leader Osama bin Laden following a decade of military operations across central Asia and the Middle East.
May 02, 2011

Construction spending rebounds in March

The U.S. construction sector found momentum as the first quarter ended, with spending on projects posting the largest gain in 11 months, a government report showed on Monday.
May 02, 2011

Stock futures point to higher open after bin Laden death

U.S. stock index futures pointed to a higher open on Monday following confirmation Al Qaeda leader Osama bin Laden was killed by U.S. forces, indicating investors are set to strip some of the risk premium underpinning risky asset prices.
May 02, 2011

Osama Bin Laden is dead, Obama warns of retaliation attacks (video)

U.S. President Barack Obama has warned Americans worldwide to brace for a retaliation from terrorist organizations after news broke out that Osama Bin Laden, one of the world's most dreaded terrorists, was early on Monday in a U.S. targeted operation carried out by CIA agents and U.S. military forces in Abbottabad, Pakistan.
May 02, 2011

Greek finmin suggests EU/IMF repayment extension

Greek Finance Minister George Papaconstantinou suggested on Monday that the EU and the IMF give Greece more time to repay its bailout funds, and at a cheaper rate, to allow it to exit its severe debt crisis.
May 02, 2011

Raid against Osama bin Laden captured on Twitter

In the early hours of Monday, Sohaib Athar reported on his Twitter account that a loud bang had rattled his windows in the Pakistani town of Abbottabad, saying he hoped its not the start of something nasty.
May 02, 2011

Quake sinks Japan April car sales to record low

Japanese new vehicle sales in April halved, sinking to the lowest monthly tally on record, as domestic automakers felt the full brunt of the March 11 earthquake that caused unprecedented disruption to car production.
May 02, 2011

Text of White House's official statement on Osama Bin Laden's death

Text of White House's official statement on Osama Bin Laden's death by President Obama: Good evening. Tonight, I can report to the American people and to the world that the United States has conducted an operation that killed Osama bin Laden, the leader of al Qaeda, and a terrorist who's responsible for the murder of thousands of innocent men, women, and children.
May 02, 2011

Stocks, dollar up after news bin Laden killed

The dollar rose from three-year lows, oil fell and world stocks put in gains on Monday after news Al Qaeda leader Osama bin Laden was killed by U.S. forces swept across thinly-traded financial markets.
May 02, 2011

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