IBT Staff Reporter

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Rise in pedestrian deaths renews call for iPod bill

Rise in accidents stemming from pedestrian distraction has prompted renewed call for iPod bill. New York State Senator Carl Kruger has re-introduced legislation making it illegal to use an iPod, cell phone, Blackberry or any other electronic device while crossing the street.
Jan 26, 2011

Coming next: Carry-along basestation for travelers

A technology startup backed by Google unveiled on Wednesday the world's first personal base station for international travelers, enabling them to cut roaming fees and make mobile calls like in a home country.
Jan 26, 2011

A.R. Rahman gets two Oscar nominations

Indian composer A.R. Rahman bagged two Oscar nominations for his music in Danny Boyle's 127 Hours on Tuesday, raising hopes of a repeat of his double triumph at the Academy Awards in 2009.
Jan 26, 2011

Pakistan decries help for India nuclear arms plans

Pakistan warned major powers on Tuesday against granting rival India membership of four key multilateral export control regimes that allow trade in nuclear and other materials, as proposed by the United States.
Jan 26, 2011

Inflation rattles corporates in India, China

Corporations in China and India have been riding on strong domestic economies, much to the envy of the West, but they now worry that runaway inflation could hit growth.
Jan 26, 2011

Boeing 4th-quarter profit expected to drop

Wall Street expects Boeing Co to report a smaller quarterly profit on Wednesday on slipping commercial aircraft deliveries, while investors will be on alert for more signs of recovery and clues to the outlook for the long-delayed 787 Dreamliner.
Jan 26, 2011

Cabinet reshuffle boosts focus on urban growth

A ministerial reshuffle has signalled India may give sorely-needed focus to the development of its burgeoning cities, whose erratic expansion is seen as a major brake on economic growth.
Jan 26, 2011

Toyota recalls over 1.7 million vehicles globally

Toyota Motor Corp said it was recalling more than 1.7 million vehicles worldwide, the latest in a string of recalls that have ballooned to nearly 16 million since late 2009, further denting the automaker's reputation for quality.
Jan 26, 2011

Companies should deliver on ad promises or risk lawsuits

Companies better be sure they are selling the exact product they advertised to lure in customers, or be slapped with a lawsuit like Taco Bell. A California woman has brought about a false-advertising lawsuit against the fast food chain, stating that Taco Bell's beef products actually contain very little meat.
Jan 26, 2011

Lehman Brothers amends bankruptcy plan

Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for divvying up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.
Jan 26, 2011

Sage says Q1 trading in line

British software maker Sage Group Plc said trading for the first quarter were in-line with its expectations with improved revenue performance continuing from the second half of last year.
Jan 26, 2011

Toyota to recall 1.4 million vehicles

Toyota Motor Corp said on Wednesday it would recall about 1.2 million units of the Noah minivan and other models in Japan as well as about 140,000 Avensis models overseas to fix faulty fuel pipes and high-pressure fuel pumps.
Jan 26, 2011

LG Elec posts record loss on phones, TVs

South Korea's LG Electronics reported a record quarterly loss on Wednesday, as its phone business remained weak and its TV division also lost money, hurt by steep price declines in television.
Jan 26, 2011

FCC may approve cellphone use of satellite airwaves: report

Federal regulators are expected to grant a request by LightSquared, a satellite broadband start up, to drop a requirement that mobile phones using satellite airwaves must be able to communicate with satellites, the Wall Street Journal said.
Jan 26, 2011

Dollar steady ahead of Fed

The U.S. dollar held near a 10-week low against a basket of currencies on Wednesday ahead of a statement from the U.S. Federal Reserve, which is expected to reaffirm the central bank's focus on supporting growth.
Jan 26, 2011

Panel says financial crisis avoidable

The financial crisis could have been avoided and was the result of poor decision making both in Washington and at top financial firms that fostered a culture of excessive risk taking, according to a draft report written by Democrats on a panel that investigated the meltdown and obtained by Reuters.
Jan 25, 2011

Stock futures rise after Obama speech

Stock index futures ticked up late on Tuesday, pointing to a stronger opening on Wednesday, after President Barack Obama stressed a freeze on government spending and the need to lower corporate tax rates.
Jan 25, 2011

Yahoo warns of weak Q1, more cost cuts planned

Yahoo Inc warned that revenue will again slide this quarter as it bleeds traffic to Google and Facebook and as a much-touted search partnership with Microsoft Corp fails to deliver quick results.
Jan 25, 2011

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