IBT Staff Reporter

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UN Approves Military Force Against Gaddafi Forces

The United Nations Security Council has approved military strikes on Libyan air defenses, a move following weeks of talks led by France, Britain and the United States to mobilize the international community to take action against the regime of Muammar Gaddafi, which is engaged in armed conflict with rebels.
Mar 17, 2011

E-Book sales jump at the start of 2011

Sales of electronic books in January increased by more than 115 percent compared to the same time the year before, a report released by the Association of American Publishers said on Thursday.
Mar 17, 2011

Nike to raise prices sharply as costs hit gains

Nike Inc plans to raise the prices on its shoes and sports clothing markedly in 2012 to cope with the rising costs of oil, cotton and transportation that are hurting its profitability.
Mar 17, 2011

Nike quarterly profit misses view as margins fall

Nike Inc posted a lower-than-expected quarterly profit on Thursday as the world's largest athletic shoe and clothing maker was hit by the rising costs of oil, cotton and other commodities, and its shares fell more than 5 percent.
Mar 17, 2011

Author McGonigal on a mission to make games matter

Best-selling author Jane McGonigal is on a mission, spreading a message that playing games, whether electronic or physical, is not a waste of time but can improve lives and solve real world problems.
Mar 17, 2011

NY Times risks losing readers with new pay model

The New York Times will start charging for full access to its articles on phones, tablet computers and the Web, in a bold plan that risks alienating readers of its popular news website.
Mar 17, 2011

Boeing supplier concerned over Japan gas supply

A Japanese company making galleys for the long-awaited Boeing <BA.N> 787 Dreamliner said delivery of the component could be delayed if gasoline becomes even more scarce after last week's earthquake and tsunami.
Mar 17, 2011

Yen retreats from record peak; G7 talks loom

The yen edged off a record high against the dollar on Thursday ahead of a conference call by Group of Seven finance ministers on fears officials may soon intervene to rein in the currency's rapid rise.
Mar 17, 2011

Data points to brisk growth, bottoming inflation

Consumer prices increased at their fastest pace in more than 1-1/2 years in February as fresh data showed growth was accelerating, but underlying inflation pressures remained generally contained.
Mar 17, 2011

Obama Visits Japan Embassy, Says America is 'Heartbroken' Over Tragedy

President Barack Obama made a visit to the Japanese embassy in Washington D.C. on Thursday, an unannounced arrival meant to show how heartbroken America was over the tragedy Japan faces in the wake of a massive earthquake and tsunami which have killed thousands of people and triggered a nuclear crisis.
Mar 17, 2011

Consumer prices turn higher, economy gains steam

Consumer prices increased at their fastest pace in more than 1-1/2 years in February as fresh data showed growth was accelerating, but underlying inflation pressures remained generally contained.
Mar 17, 2011

Yen surge raises FX intervention risks

Japan is expected to step into the currency markets to curb the yen's surge to record highs against the dollar and has a better chance of success if it wins the blessing of the Group of Seven industrial nations.
Mar 17, 2011

Toshiba LCD plant out, Lenovo frets about supplies

Toshiba Corp said an assembly line in Japan making small liquid crystal displays would be closed for a month, and PC maker Lenovo Group Ltd voiced worries over parts, highlighting the threat to global supply chains from Japan's devastating earthquake.
Mar 17, 2011

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