IBT Staff Reporter

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Taliban order strict phone blackout in Afghan north

The Taliban have ordered harsh limits on the use of mobile phones in a remote area of northwestern Afghanistan, residents and officials said, a sign of the militants' increasing influence in a once peaceful area.

Euro hits 2-month high vs dollar as stocks rise

World stocks edged up on Friday but were set to post their biggest weekly drop in eight weeks on concerns that rising inflation in emerging economies could lead to aggressive policy action and hurt global growth. Spain's stocks rose. Madrid plans a partial state takeover of its weakest savings banks as it seeks to reassure investors a costly bank rescue will not weigh on its deficit, sources and ...

Facebook co-founder Eduardo Saverin invests $8 mln in Qwiki

Facebook co-founder Eduardo Saverin and YouTube co-founder Jawed Karim are investing $8 mln in Series A funding into Qwiki, a startup pioneering the information experience via on-the-fly transformation of data into rich media narratives

Obama names Immelt head of new economic panel

President Barack Obama will name General Electric Co. Chief Executive Jeffrey Immelt to head a new advisory panel focused on promoting economic growth by investing in business, the White House said on Friday.

Asian stocks slide as policy worries intensify

Asian stocks tumbled and commodities paused on Friday after a recent selloff on worries that rising inflation may invite aggressive policy tightening and hurt growth in the world's growth engines like China and India.

Possible solutions to high food inflation

India's food inflation eased for the second straight week due to lower fruit and vegetable prices, data showed on Thursday, but an acceleration in headline inflation in December is likely to put pressure on the central bank to raise rates at a policy review next week.

Wipro IT chiefs quit; Q3 net meets f'cast

Wipro Ltd surprised markets with the resignations of the joint-CEOs of its information technology business, after reporting profit growth rates which lagged rivals Infosys Technologies LTd and Tata Consultancy Services.

Lenovo, NEC in PC joint venture talks: sources

China's Lenovo Group is in talks with Japan's NEC Corp for a joint venture in personal computers, two sources familiar with the matter said, in a deal that would help them close the gap with larger global rivals.

Verizon challenges FCC's new Internet rules

Verizon Communications took the Federal Communications Commission to court on Thursday over its new Internet traffic rules, arguing the regulator had overstepped its authority.

Roger Ebert unveils new prosthetic chin

Roger Ebert, the longtime movie critic at the Chicago Sun Times and for decades on television, is unveiling a new facial prosthesis that will make its TV debut in his new show on Friday.

GE seen posting 14 percent rise in profit

General Electric Co is expected to report a 14 percent rise in quarterly profit on Friday, with lower credit losses at its finance arm offsetting the dulling effects of a tepid economy on heavy equipment orders.

China rate concerns roil stocks, commodities fall

Global equities and commodity prices fell on Thursday after robust Chinese economic growth prompted fears the world's second-largest economy would try to choke off excessive demand that is fueling inflation.

Michael Jackson estate sues memorabilia vendor

Michael Jackson's estate on Thursday sued a businessman who has teamed up with the singer's mother to market memorabilia related to the late king of pop on the Web site jacksonsecretvault.com.

Verizon challenges FCC's new Internet rules

Verizon Communications took the Federal Communications Commission to court on Thursday over its new Internet traffic rules, arguing the regulator had overstepped its authority.

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