IBT Staff Reporter

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Social media prays for Japan quake victims

The world is reacting to the catastrophic earthquake that struck Japan Friday through social media as platforms like Facebook and Twitter come alive with reactions, prayers and timely updates of the disaster.

Why don't we have more practicing women engineers?

A recent study undertaken by the University of Wisconsin - Milwaukee (UWM) found that workplace climate was the foremost reason behind women choosing to stay away from the engineering profession after college or quitting it after a temporary stint.

Japan quake, tsunami kills at least 5: reports

A powerful 8.9-magnitude earthquake has struck off Japan's northeastern coast Friday, triggering a tsunami as high as 10 metres, leaving at least five people killed and several injured, early reports said.

Euro leaders to back pact, pressure Portugal

Euro zone leaders are set to agree a competitiveness pact at a summit on Friday and will push Portugal to announce new reforms to increase market confidence as they seek to draw a line under the regions' debt crisis.

Asian shares fall on economy and Saudi concerns

Asian shares dipped on Friday as spreading unrest in Saudi Arabia and weak economic data spurred some profit taking while the euro looked shaky after its biggest one-day fall versus the dollar in a month.

British man pleads guilty in U.S. stocks fraud

A British man pleaded guilty on Thursday to committing mail and wire fraud in an investment scam selling worthless stocks of dormant and sham U.S. companies that bilked investors of more than $40 million.

Clearwire CEO resigns, 2 top execs leaving

Clearwire Corp CEO Bill Morrow has resigned in a wider management shake-up as the wireless operator tries to resolve a dispute with majority owner Sprint Nextel and fights to close a funding gap of billions of dollars.

GM CFO leaves in latest turnover at top

General Motors Co finance chief Chris Liddell, who was passed over for the top job at the automaker last year, resigned suddenly on Thursday, renewing concerns about the automaker's stability at the top.

Lime Wire wins limit on damages to record labels

A federal judge limited the potential financial liability facing the operator of LimeWire, a once-popular file-sharing service found liable for copyright infringement, at an upcoming damages trial.

AIG offers to buy back RMBS for $15.7 billion

American International Group offered on Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. government had taken off the bailed-out insurer's hands during the financial crisis.

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