IBT Staff Reporter

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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

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

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

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

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

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

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

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

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

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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