More From IBT Staff Reporter
Obama to meet Reid and Boehner for budget talks
President Barack Obama asked U.S. congressional leaders from both parties to the White House on Wednesday for an urgent round of budget talks to avert a government shutdown.
Apr 06, 2011
DuPont says paint secrets stolen, sold to China
Chemicals giant DuPont sued a California company on Wednesday, alleging it sold proprietary information on a lucrative line of specialty paint to Chinese rivals.
Apr 06, 2011
Bed Bath full-year target tops estimates; shares soar
Bed Bath and Beyond Inc forecast earnings growth for the current year that would beat Wall Street estimates, following a holiday season that saw U.S. shoppers spend more on home goods, and its shares jumped 9 percent.
Apr 06, 2011
Top M&A law firms at center of new insider case
A lawyer and a trader were accused by federal prosecutors of running a 17-year conspiracy to trade on corporate merger secrets stolen from three of the nation's most powerful law firms, in one of the largest U.S. insider trading cases on record.
Apr 06, 2011
Bed Bath FY target tops estimates; shares soar
Bed Bath and Beyond Inc forecast earnings growth for the current year that would beat Wall Street estimates, following a holiday season that saw U.S. shoppers spend more on home goods, and its shares jumped 9 percent.
Apr 06, 2011
NGP Release Going As Planned, Says Sony
The statement counters a previous statement made by Sony America president Jack Tretton, who yesterday said that Sony may be forced to stagger the release of their next portable to keep with demand.
Apr 06, 2011
Former Gucci Employee Indicted For $200,000 Hack
A former Gucci network engineer is being indicted for costing the company $200,000 through hacking into its servers.
Apr 06, 2011
Microsoft, Toyota team up on digital auto network
Microsoft Corp and Toyota Motor Corp unveiled a plan on Wednesday to work together on bringing internet-connected services to Toyota's cars.
Apr 06, 2011
NYSE unswayed by Nasdaq bid
NYSE Euronext believes that any kind of merger with Nasdaq OMX -- whether the Big Board were the buyer or the seller -- makes little strategic sense, and antitrust regulators would block it, according to a source close to the company.
Apr 06, 2011
Instant view: Portugal says it needs EU aid
Portugal's caretaker government said on Wednesday it needs financing from the European Union, marking a turnaround after resisting asking for aid for months despite sharply deteriorating financial conditions.
Apr 06, 2011
S&P breaks above technical resistance on light volume
The S&P 500 inched forward on relatively light volume on Wednesday, with investors adding selectively to winning positions, this time in technology, avoiding large bets ahead of earnings.
Apr 06, 2011
Champions League - Was Ancelotti right to substitute the spirited Drogba instead of Torres?
Many eyebrows were raised in the first leg of the quarter final between Chelsea and Manchester United when Chelsea manager Carlo Ancelotti substituted the effective Drogba for the out of sorts Torres.
Apr 06, 2011
In U-turn, Portugal requests EU financial aid
Portugal's caretaker government said on Wednesday it had decided to seek financing from the European Union in an abrupt turnaround after resisting a bailout for months despite sharply deteriorating financial conditions.
Apr 06, 2011
NYSE unswayed by Nasdaq; antitrust in spotlight
An NYSE Euronext merger with Nasdaq OMX makes little strategic sense whether the Big Board were the buyer or the seller, and antitrust regulators would likely block it, according to a source close to NYSE.
Apr 06, 2011
Wall St edges up, led by tech shares
Technology stocks led Wall Street slightly higher on Wednesday after comments from Cisco's chief executive bolstered optimism about the networking giant.
Apr 06, 2011
Microsoft, Toyota Teaming Up To Bring Internet to Cars
The two companies announced today a plan to bring internet-connected functionality to Toyota’s upcoming line of electric and hybrid vehicles.
Apr 06, 2011
Anonymous Launches DDoS Attack On Sony
The hacker collective Anonymous has made good on its threat to attack Sony, having launched a distributed denial-of-service attack on Wednesday afternoon.
Apr 06, 2011
Britney Spears' Femme Fatale debuts at No. 1
Britney Spears' album Femme Fatale debuted No. 1 on the Billboard 200 chart, putting Spears in a tie for the third most No. 1 albums among women.
Apr 06, 2011
S&P 500 index edges higher on light volume
The S&P 500 index inched upward on relatively light volume on Wednesday, with investors adding to winning positions in technology stocks, but avoiding large bets ahead of corporate earnings due next week.
Apr 06, 2011
Oil hits 2-1/2-year peak; gains seen slowing
Brent crude oil prices rose to a 2-1/2-year high above $123 a barrel on Wednesday before erasing the majority of gains in volatile trade as market players fretted the recent rally was overdone.
Apr 06, 2011
News Anchor Tricked Into Licking iPad (VIDEO)
Watch an April Fools Day joke
Apr 06, 2011
Wall Street edges up, led by tech shares
Technology stocks led Wall Street slightly higher on Wednesday after comments from Cisco's chief executive bolstered optimism about the networking giant.
Apr 06, 2011
Leaders see signs of hope in budget talks
U.S. congressional leaders saw signs of hope on Wednesday for a budget deal that would cut billions of dollars in spending in time to prevent a government shutdown.
Apr 06, 2011
Corrected: Wall Street edges up, led by tech shares
(Corrects quote in paragraph 8)NEW YORK - Technology stocks led Wall Street slightly higher on Wednesday after comments from Cisco's chief executive bolstered optimism about the networking giant.
Apr 06, 2011
Buffett wants for answers: Is board providing them?
Warren Buffett should be directly responding to the unprecedented criticism he is facing over the behavior of his one-time heir apparent, but experts fear he is being hampered by a lack of corporate management or board depth.
Apr 06, 2011
In U-turn, Portugal says needs EU aid
Portugal's caretaker government said on Wednesday it had decided to seek financing from the European Union in an abrupt turnaround after resisting a bailout for months despite sharply deteriorating financial conditions.
Apr 06, 2011
Shutdown Watch: Talks Stalled Over Non-Budget Elements
President Barack Obama and allied Senate Democrats are sparring with House Republicans on non-budget related items attached to a budget measure that would keep the government funded for the rest of the fiscal year and avoid a shutdown of non-essential government services.
Apr 06, 2011
Livejournal Hit With DDoS Attack; Some Blame Russian Gov't
Livejournal, the popular blogging site, is has been reporting distributed denial of service attacks over the last week, and some are blaming the Russian government.
Apr 06, 2011
Dell Consolidates In Silicon Valley
Dell is opening up a new research and development facility in Santa Clara, Calif.
Apr 06, 2011
Markets weigh two U.S. shutdowns: 1 bad, 1 awful
Investors are facing two possible U.S. government shutdown scenarios, one of limited impact on markets, and another so potentially devastating that analysts are struggling to fully assess it.
Apr 06, 2011
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