More From IBT Staff Reporter
Is the Internet set to become smarter and faster?
Professor of electrical engineering at Columbia University, Karen Bergman is working on an alternative model for flow of Internet traffic that could drastically increase the speed at which information travels over the web.
Mar 03, 2011
Factbox: How Apple's iPad 2 compares to rivals and iPad 1
Here's how Apple Inc's iPad 2, unveiled on Wednesday, stacks up against competing tablets.
Mar 03, 2011
Asian stocks rebound
Upbeat U.S. economic news helped lift Asian stock markets on Thursday, while crude oil prices fell in choppy trade on reports of a possible peace deal for Libya.
Mar 03, 2011
China says yuan could become a reserve currency: report
The Chinese yuan could potentially become a world reserve currency as the country gears up to boost its global clout, deputy central bank governor Yi Gang said in remarks published on Thursday.
Mar 03, 2011
Global stocks up but Libya unrest keeps oil market on edge
Crude oil prices held near 2-1/2 year peaks on Thursday as worries about supply disruption persisted given ongoing unrest in Libya, but upbeat U.S. economic news and a firmer Wall Street helped Asian stocks find a steadier footing.
Mar 03, 2011
Fed's Bernanke: Munis may get breather in recovery
State and municipal government fiscal conditions that have been battered by the economic downturn will get some relief as growth picks up, but a full recovery will be slow in coming, Federal Reserve Chairman Ben Bernanke said on Wednesday.
Mar 03, 2011
CORRECTED: Factbox: How Apple's iPad 2 compares to rivals
Corrects iPad 2's mobile operating system
Mar 03, 2011
AB InBev to profit from Brazil, U.S. costs in Q4
Anheuser-Busch InBev , the world's largest brewer, is set to report a rise in fourth-quarter profit on Thursday, driven by a sharp increase in drinking in Brazil and cost savings in the United States.
Mar 03, 2011
Ex-UBS banker ordered released on bond in tax case
A federal judge on Wednesday ordered the release on bond of a Credit Suisse banker arrested on charges of helping wealthy American clients hide their money from U.S. tax authorities when he worked for UBS AG.
Mar 02, 2011
Treasury expects $6.3 billion from AIG's MetLife sale
American International Group Inc sold $9.6 billion worth of MetLife Inc shares on Wednesday, producing gross proceeds of about $6.3 billion to accelerate its payback of U.S. Treasury bailout funds.
Mar 02, 2011
AIG nets $9.6 billion in MetLife stock sale
American International Group sold $9.6 billion in shares of insurer MetLife Inc on Wednesday, closing the offering a day earlier than expected, on strong demand.
Mar 02, 2011
SEC proposes broker, adviser pay rules
U.S. securities regulators issued a proposal on Wednesday to curb bonuses at brokerage and investment advisory firms over the objections of Republicans on the panel and even some doubts expressed by Chairman Mary Schapiro.
Mar 02, 2011
Timeline: Apple milestones and product launches
Apple Inc unwrapped a sleeker iPad 2 on Wednesday and its maestro Steve Jobs took the stage in San Francisco to a standing ovation after a brief medical absence.
Mar 02, 2011
Bangladesh removes Nobel winner Yunus as Grameen Bank
Nobel laureate Muhammad Yunus has been removed from his position as head of microlender Grameen Bank, Bangladesh's central bank said on Wednesday, but Grameen said he remained in charge.
Mar 02, 2011
Fed's Lockhart says Mideast unrest a risk to U.S.
Political unrest in the Middle East and North Africa adds a dose of uncertainty to an already-fragile U.S. economic recovery, Atlanta Federal Reserve President Dennis Lockhart said on Wednesday.
Mar 02, 2011
Bernanke sees 200,000 hit to jobs from budget cuts
Federal Reserve Chairman Ben Bernanke said on Wednesday a Republican spending cut plan would not cause a big dent to U.S. economic growth, but could cost around 200,000 jobs over two years.
Mar 02, 2011
NYSE to launch direct challenge to CME on March 21
NYSE Euronext lucrative interest rate futures franchise on March 21, the exchange operator said on Wednesday.
Mar 02, 2011
Instant View: Apple CEO Jobs takes stage at iPad event
Apple Inc Chief Executive Steve Jobs surprised investors by presenting the company's new iPad personally at an event in San Francisco on Wednesday, calming some fears about his health and helping the company's stock higher.
Mar 02, 2011
U.S. files 22 new charges against WikiLeaks soldier
The U.S. military said it has brought 22 new charges against a soldier accused of leaking hundreds of thousands of sensitive U.S. government documents that were later published by the website WikiLeaks.
Mar 02, 2011
Military to help develop energy storage device
The energy-hungry U.S. military plans to help develop advanced power storage devices with the help of a branch of the Energy Department that fosters innovation in high-risk, but high-potential, technologies.
Mar 02, 2011
Gold mine group opposes planned U.S. disclosure rule
The largest industry group representing global gold miners said a proposed U.S. rule aimed at cutting funds to armed rebels in the Democratic Republic of Congo will jeopardize Africa's gold mining and economic activities.
Mar 02, 2011
Earth May Be On Path To Mass Extinction
Scientists say Earth could be on the brink of its sixth mass extinction.
Mar 02, 2011
Economy gained strength as 2011 began: Fed
Economic activity kept slowly gaining strength as 2011 opened and manufacturers and retailers were having some success in pushing their prices up, the Federal Reserve said on Wednesday.
Mar 02, 2011
Apple's Jobs takes stage, shows off iPad 2
Apple Inc's maestro Steve Jobs took the stage to unveil the iPad 2 on Wednesday, drawing a standing ovation with his surprise return to the spotlight after a brief medical absence.
Mar 02, 2011
HBO Go expands TV and movie programming
Time Warner Inc's HBO is making nearly all of its titles available for its HBO Go service, upping the ante in its fight against Netflix.
Mar 02, 2011
Apple's Jobs strides on stage at iPad event
Apple Inc's maestro Steve Jobs took the stage to a standing ovation on Wednesday, returning to the spotlight after a brief medical absence to unveil the second version of the iPad.
Mar 02, 2011
Gas drives Costco, BJ's Wholesale February sales
February sales at Costco Wholesale Corp and BJ's Wholesale Club Inc surpassed Wall Street's expectations, as members drove in for deals on gasoline and stayed to do more of their shopping.
Mar 02, 2011
UK may clear News Corp bid for BSkyB soon: sources
Britain may approve News Corp's $12.5 billion buy-out of BSkyB this week, two sources familiar with the situation said on Wednesday, forcing Rupert Murdoch's group to spin off TV news channel Sky News.
Mar 02, 2011
Five actors that could play Julian Assange in Steven Spielberg's movie [PHOTOS]
Here is a look of five actors that would successful play the role of the Australian editor in chief of WikiLeaks.
Mar 02, 2011
Wall St edges higher on economy
U.S. stocks eked out gains on Wednesday despite another rise in oil prices, as investors bet the latest signs of economic strength may be able to absorb expected higher energy costs.
Mar 02, 2011
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