More From IBT Staff Reporter
Alcatel-Lucent signals revolution in base stations
Alcatel-Lucent showed off technology on Monday that shrinks mobile phone base stations to barely bigger than a golf ball.
Feb 07, 2011
Google, EU in antitrust resolution talks: source
Google and European Union regulators are in tentative talks to resolve an antitrust probe against the Internet's dominant search engine, a source familiar with the case said on Monday.
Feb 07, 2011
Google executive Ghonim released in Egypt: report
A Google Inc executive who had gone missing in Egypt was released on Monday and was on his way to Tahrir Square, the center of two weeks of anti-government demonstrations, Al Arabiya television reported.
Feb 07, 2011
Hewitt-Packard Reveals PC's With Reclining Displays
Hewitt-Packard announces the HP TouchSmart Consumer PC and 9300 Elite Business PC, the latest in its line of tablet touchscreen PCs.
Feb 07, 2011
U.S. X Factor winner to get $5 million record deal
Acerbic British music judge and entrepreneur Simon Cowell said on Monday that the winner of the first U.S. version of the television singing competition, The X Factor, will receive a $5 million record deal.
Feb 07, 2011
Euro debt, higher metals, M&A lift stock futures
Stock index futures rose on Monday on growing hopes Europe will sort out its tangled debt issues and as metals prices advanced on bets of a stronger global economy.
Feb 07, 2011
Ashton Kutcher's Hollywood Hills bachelor pad up for sale at $2.6 mln
Actor Ashton Kutcher has created an exclusive listing for his Hollywood Hills bachelor pad house at $2.6 million.
Feb 07, 2011
Danaher to buy Beckman Coulter for $83.50/share
Diversified industrial company Danaher Corp agreed to buy medical diagnostics company Beckman Coulter Inc for $83.50 per share, or about $6.8 billion, including debt.
Feb 07, 2011
Wall Street rises to mid-2008 highs
U.S. stocks rose on Monday as a flurry of merger news and solid earnings boosted investors' appetite for equities, pushing the Dow and the S&P 500 to their highest levels since June 2008.
Feb 07, 2011
Report: Google Exec Is Now Free In Egypt
Google’s marketing executive in Egypt, Wael Ghonim, has been released by authorities according to several news reports.
Feb 07, 2011
Loews, CNA boosted by strong investment income
Loews Corp reported its best quarter of the year as strong investment income from its biggest holding, CNA Financial , helped the conglomerate post a better-than-expected 16 percent increase in quarterly profit.
Feb 07, 2011
Writers Guild honors Social Network, Inception
Facebook film The Social Network and thriller Inception won top honors from the Writers Guild of America on Saturday in one of the last major Hollywood award shows before the Oscars later this month.
Feb 07, 2011
With new executive, Google steps up mobile ad efforts
Google Inc is reaching out to some of its top advertising customers to promote its mobile marketing services, as the Internet giant moves to expand its advertising business from computer screens to smartphones.
Feb 07, 2011
Materials shares in focus as futures advance
Stock index futures rose on Monday, tracking gains in European stocks, as metals prices advanced on bets of a stronger global economy.
Feb 07, 2011
Indonesia human rights in focus amid killing of Muslim sect members
The reportedly video-recorded attacks and killings of 3 members of a Muslim sect in Indonesia on Sunday have prompted the nation's top human rights minister to urge police to take action to hold the attackers responsible.
Feb 07, 2011
Wall Street set to rise on M&A, commodities
U.S. stocks were set to open slightly higher on Monday, boosted by merger news and rising metals prices as investors bet on a stronger global economy.
Feb 07, 2011
Sprint To Unveil Kyocera Phone At New York Event
Sprint Nextel is reportedly rolling out a Kyocera smartphone on its network at an event tonight in New York.
Feb 07, 2011
Wall Street rises, has force to move higher
U.S. stocks rose on Monday, lifted by merger news and solid earnings that suggested Wall Street may have the strength to rally further.
Feb 07, 2011
Deposit insurance costs climbing for big banks
Mega-banks will have to pay more for U.S. deposit insurance under a new regulation set for final approval on Monday as the government advances a boatload of financial oversight changes.
Feb 07, 2011
TD Ameritrade: brokerages stuck in old ways
The big traditional brokerages are in danger of losing relevance in a world where more investors want independent and unbiased advice, TD Ameritrade Chief Executive Fred Tomczyk said on Thursday.
Feb 07, 2011
Judge allows law firm to represent defendants in gang injunction case, sees no conflict of interest
A California judge has ruled to allow a group of lawyers with connections to Oakland City Hall to represent alleged Nortenos gang members who are facing a city lawsuit that seeks to prevent them from hanging out in the city's Fruitvale neighborhood.
Feb 07, 2011
Allen & Overy to open 300-strong support center in Belfast
Allen & Overy (A&O) plans to open an operational support and legal services center in Belfast, the capital city of Northern Ireland, and employ 300 people by 2014 to run it.
Feb 07, 2011
Physical Demand to Buy Gold Set to Return After Chinese New Year
Physical delivery times for wholesale Silver Bars in London – heart of the world's physical bullion markets – have improved. But major dealers continue to offer three-day settlement or longer, compared with the more normal two-day terms.
Feb 07, 2011
California settles predatory lending lawsuit against former Countrywide executives for $6.5 mln
The state of California has agreed to settle a predatory lending lawsuit which it has filed against two former Countrywide Financial Corp. executives for $6.5 million.
Feb 07, 2011
Former Indian telecom minister arrested over $40 bln graft scam
India's former Telecom Minister Andimuthu Raja, his personal secretary RK Chandolia and former telecom secretary Siddharth Behura have been arrested by India's Central Bureau of Investigation (CBI) over his alleged manipulation while allocating the second-generation telecom (2G) spectrum licenses in 2007 and 2008.
Feb 07, 2011
Peter Hoekstra joins Dickstein Shapiro as senior adviser
Dickstein Shapiro, a Washington D.C.-based law and lobbying firm, said that former U.S. Representative Peter Hoekstra (R-Mich.) has joined the firm as a senior adviser.
Feb 07, 2011
Harmony doubles earnings as gold shines
Harmony, the world's fifth-largest listed gold miner, said October-December headline earnings per share totaled 69 cents, compared with 33 cents in the previous three months, boosted by record gold prices and said it was on track to meet its long-term production targets.
Feb 07, 2011
How Arianna Huffington managed to lure AOL to buy The Huffington Post
Arianna Huffington launched the news site in 2005 more as a commentary outlet and an alternative to other conservative news sites by inviting Arthur Schlesinger Jr. to blog. Now with the takeover by AOL, Huffington will become the boss of AOL group's editorial content.
Feb 07, 2011
Sanofi's push for Genzyme continues
Sanofi-Aventis is reportedly expected to sweeten its bid for U.S. biotechnology company Genzyme later this week. The two companies are said to be negotiating a cash deal worth $74 a share or $19 billion, plus extra payments linked to experimental multiple sclerosis drug Lemtrada.
Feb 07, 2011
Gold steady after first weekly rise
Gold held near $1,350 an ounce on Monday after the metal's first weekly rise this year supported investor confidence in the metal, though a more optimistic view of the global economic outlook is continuing to weigh on prices.
Feb 07, 2011
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