IBT Staff Reporter

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Alabama Storms: Cadaver Dogs Search Large Debris Piles

Officials in Tuscaloosa, Alabama - one of the hardest hit areas by severe thunderstorms and tornadoes on Wednesday - are bringing in cadaver dogs for search and rescue operations amid large piles of debris from damaged and destroyed structures.

Mexico starts probes of TV, telecoms competition

Mexico's Federal Competition Commission said on Friday it has started separate investigations into alleged monopolistic practices in the sale of television advertising and telecommunications interconnection services.

The Royal Residence: Buckingham Palace

In the light of this morning’s royal wedding of Prince William and Kate Middleton, here is a look at the famous Buckingham Palace, which has served as the official residence of the British monarch since 1837.

ZTE sues Huawei in China for patent infringement

ZTE Corp, China's No.2 telecommunications equipment maker, has filed a lawsuit against larger Chinese rival Huawei Technologies Co Ltd in China, it said on Friday, a day after it was sued by the latter in Europe.

Consumer spending rises on higher prices

U.S. consumer spending rose in March as households stretched to cover higher costs for food and gasoline, with inflation posting its biggest year-on-year rise in 10 months.

Goodyear shares soar as profit beats Street

Goodyear Tire & Rubber Co reported a profit that was more than four times what Wall Street expected, with strength in its home North American market pushing quarterly sales to an all-time high, and its shares jumped more than 10 percent.

Dow, Nasdaq eye best month since December

Strong quarterly results from Caterpillar and Merck on Friday looked set to drive the Dow to its best month since December, with a bullish stock market on course to buck a seasonally weak May.

Chevron profit rises with oil price surge

Chevron Corp , the second-largest U.S. oil company, reported a 36 percent jump in quarterly earnings as oil prices surged and refining profits improved along with the global economy.

Bright Asian future not pre-ordained, must be earned: ADB

Asia needs to work to ensure the potential of its economic and political rise is realized, including fulfilling its responsibilities as a global player, the Asian Development Bank said ahead of its annual meeting next week in Vietnam.

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