IBT Staff Reporter

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Aibelieve Makes Smartphones Into Game Controls

Most smartphones now come equipped with accelerometers to check their orientations and their spped in any direction; so there was no inherent reason a phone couldn't be a Wii-like controller.
Jan 08, 2011

Deficit reduction critical says IMF's Lipsky

A top IMF official warned on Saturday that the United States must start down a budget deficit-cutting path relatively soon or face crushing debt service costs as interest rates rise.
Jan 08, 2011

Worst movies of 2010 up for Razzies

Burlesque gets five nods against it but does not figure in the worst film category. The honours here go to 'Little Fockers', 'Bounty Hunters' and 'Sex and the City 2' and others
Jan 08, 2011

Manchester City finally capture Edin Dzeko

Edin Dzeko has signed a four-and-a-half year deal with EPL side Manchester City, in what is believed to be a $42 million transfer fee, and is is expected make his debut at home against Wolves next weekend.
Jan 08, 2011

Renault says technology safe in industrial spy case

An international network may have obtained data about Renault's electric car program, but its vital technology secrets are safe and production of the vehicles will not be held up, the French carmaker said on Saturday.
Jan 08, 2011

China GDP grew about 10 percent in 2010 - Vice Premier

China's economy grew by around 10 percent in 2010, with retail sales up 18.5 percent, showing that it is now relying more on domestic consumption, Vice Premier Li Keqiang said in remarks published on Saturday.
Jan 08, 2011

Crab Nebula Emits Strong Gamma-Ray Flares

Scientists have reported the detection of strong gamma-ray flares from the Crab Nebula, a shattered remnant of a massive star that ended its life in a supernova explosion.
Jan 08, 2011

Verizon to carry iPhone: source

Verizon Wireless will sell the iPhone, the Wall Street Journal reported on Friday, citing a person familiar with the matter.
Jan 07, 2011

Primary dealers raise Treasury yield forecasts: Reuters poll

Leading economists have boosted their outlook for interest rates on benchmark Treasury debt in tandem with rising expectations for growth in the world's largest economy, a Reuters poll found on Friday. The forecasts for stronger growth came despite a disappointing U.S. payrolls report, which showed employers hired less workers than expected in December, although the unemployment rate ticked lower...
Jan 07, 2011

CES: Sex And The Social Gamer

Social gaming is getting a little more risqué at Big Ego Games, a San Francisco-based developer that is trying to monetize the desire of lots of lonely gamers to interact with pretty girls. But the company wants to keep it PG.
Jan 07, 2011

Copia Expands With Windows 7, Android

Copia, the social media-based eReading platform, announced recently it will be available as a touch-optimized, pre-loaded application on all upcoming Windows 7 tablets.
Jan 07, 2011

Banks lose key foreclosure ruling in top Massachusetts court

In a decision that may slow foreclosures nationwide, Massachusetts' highest court voided the seizure of two homes by Wells Fargo & Co and US Bancorp after the banks failed to show they held the mortgages at the time they foreclosed.
Jan 07, 2011

AIG recap deal near; share sale seen in May

The recapitalization of bailed-out insurer AIG is likely to close next week, a person familiar with the matter said on Friday, as the company's shares touched fresh highs on news the deal was getting closer.
Jan 07, 2011

Is Obamacare good for the budget or not?

One side says that the Affordable Care Act, if allowed to work, will reduce the deficit by $100 billion over 10 years, and by more than $1 trillion over 20 years, and to repeal it would be disastrous.
Jan 07, 2011

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