More From IBT Staff Reporter
What is a 'secret session' in the Senate?
Members of the U.S. Congress are convening on Monday in rare secret meeting closed to the public and media to deliberate on the START nuclear treaty presented to them by President Barack Obama.
Dec 20, 2010
Census data released tomorrow
The results of the 2010 U.S. Census will be made public tomorrow.
Dec 20, 2010
Venezuela tightens Internet regulation
Venezuela's parliament approved tighter regulation of the Internet on Monday in the latest of a package of laws to entrench President Hugo Chavez's socialist revolution before a new Assembly is sworn-in next month.
Dec 20, 2010
FCC has votes for Internet rules say officials
The Federal Communications Commission is poised to adopt Internet traffic rules on Tuesday that would ban the blocking of lawful content, but allow high-speed Internet providers to manage their networks, senior agency officials said.
Dec 20, 2010
Toshiba may hit nuclear power rev target earlier: report
Toshiba Corp <6502.T> may log 1 trillion yen ($11.94 billion) in sales from its nuclear power business by fiscal 2013, instead of fiscal 2015, due to a growing demand in emerging markets and the United States, its President Norio Sasaki told The Nikkei in an interview.
Dec 20, 2010
SEC probing Hurd inside-info claims: report
The Securities and Exchange Commission is investigating claims that former Hewlett Packard CEO Mark Hurd shared inside information about the company's then-pending acquisition of EDS Corp, the Wall Street Journal reported on Monday.
Dec 20, 2010
U.S. expects foreclosure probe results next month
An Obama administration task force examining allegations of fraud in the mortgage foreclosure process will deliver its findings next month, two top officials said on Monday.
Dec 20, 2010
Genzyme argues Campath value in Sanofi fight
Genzyme Corp held its second investor meeting in two months to argue that its most promising experimental drug will capture five times the sales that Sanofi-Aventis has assumed in a hostile $18.5 billion takeover bid.
Dec 20, 2010
Crime is down nationwide
It's tough times for crooks as well, according to the FBI, which released its Preliminary Semiannual Uniform Crime Report today, showing declines in all the major violent crime and property crime categories for the first six months of 2010 compared to the first six months of 2009.
Dec 20, 2010
Judge seeks extension of WaMu deal deadline
A judge said on Monday she needs more time to rule on Washington Mutual's $10 billion deal aimed at bringing the company out of bankruptcy, and asked the parties to extend a key deadline, according to court documents.
Dec 20, 2010
EBay to buy German online club in European push
Web commerce company eBay Inc said it would buy brands4friends, Germany's largest online shopping club, for about $200 million in cash to strengthen its European business.
Dec 20, 2010
Senators push Ground Zero health bill
With time running out on the 111th Congress, two New York Senators are pulling out all the stops for passage of the James Zadroga bill.
Dec 20, 2010
Hedge funds may skirt direct Fed scrutiny: source
The Federal Reserve does not believe any one hedge fund can topple the financial system and therefore the private pools of capital may escape direct supervision by the central bank, an industry source familiar with the Fed's position said.
Dec 20, 2010
Michael Dell snaps up $100 million of company's stock
Dell Inc founder and chief executive Michael Dell is spending $100 million to snap up more of his company's stock.
Dec 20, 2010
Wall Street edges higher on energy and financial shares
U.S. stocks tacked on further gains to push the S&P 500 to a two-year high on Monday, continuing a steady upward march investors believe will continue in 2011.
Dec 20, 2010
Dems lament DREAM Act defeat
President Obama vowed that his administration will not give up on the DREAM Act, after the measure was blocked in the Senate Saturday.
Dec 20, 2010
Texas, home to Big Oil, takes shine to solar power
Texas has long been home to Big Oil companies that specialize in extracting petroleum from hard-to-reach places. Now the hip college town of Austin is vying to become the epicenter of a potentially giant market for carbon-free electricity generated by the hot Texas sun.
Dec 20, 2010
Gold Coin Buying & rising ETF Demand boost Gold price
The world's largest exchange traded gold fund - the New York, Tokyo, Hong Kong and Singapore-listed SPDR Gold Trust - added 15 tonnes to its holdings on Friday, the largest one-day addition since the height of the Greek deficit crisis in May.
Dec 20, 2010
Start Treaty Senate debate continues in secret meeting
U.S. Senate debate on the START nuclear treaty with Russia will restart Monday afternoon in a secret meeting behind closed doors after opening statements on the chamber's floor this morning.
Dec 20, 2010
Medtronic CEO to retire; outside search started
Medtronic Inc Chief Executive Officer William Hawkins plans to retire in April after a tenure of more than three years in which the medical device maker's stock performance disappointed investors.
Dec 20, 2010
Analysis: Probe opens window on Wellington hedge funds
Their names invoke bubbling brooks and tropical islands, but now a host of obscure hedge funds may be bringing Wellington Management Co some unwanted attention.
Dec 20, 2010
Blockbuster plans to close 182 stores by April
Bankrupt video rental chain Blockbuster Inc plans to close 182 stores by the end of the first quarter of next year as it tries to find a way back on its feet.
Dec 20, 2010
Wall Street gains on energy, financial shares
Stocks rose on Monday, lifted by energy and financial shares as investors repositioned in anticipation of the new year.
Dec 20, 2010
US Stocks Start Holiday Week On High Note
S&P 500 Index gained 3.00 points, or 0.24 percent, to trade at 1,246.91 at 09:50 a.m. EST. The Dow Jones Industrial Average is up 7.11 points, or 0.06 percent, to trade at 11,499.02. The Nasdaq Composite Index rose 0.20 percent to trade at 2,648.31.
Dec 20, 2010
Analysis: Wall Street to regulators: No need to rush
As U.S. regulators race to write rules that will put Wall Street reform legislation into action, some industry groups are trying to apply the brakes, latching onto linguistic loopholes in the law to bolster their case.
Dec 20, 2010
Disney hopes Tron videogames extend franchise
LOS ANGELES - When it comes to the convergence of video games and Hollywood, Tron was the first example of Hollywood getting it right. And in many ways, Hollywood hasn't learned from this perfect marriage of game and film. At least, most of Hollywood.
Dec 20, 2010
Russian potash miner Uralkali to buy Silvinit
A Russian billionaire set the terms on Monday for a merger of Russia's top two producers of potash, Uralkali and Silvinit to create the world's No. 2 player.
Dec 20, 2010
Telenor blasts troubled Vimpelcom-Weather deal
Vimpelcom's $6.6 billion bid for telecoms assets owned by Weather Investments was hanging by a thread after Norwegian shareholder Telenor said on Monday it would not back the deal.
Dec 20, 2010
Groupon names ex-Amazon exec as CFO
Groupon has brought in a former Amazon.com Inc executive as its new chief financial officer, the discount coupon provider said.
Dec 20, 2010
Apple, Sharp join to expand LCD screen production to meet iPhone demand
Japan's Sharp Corp. plans to expand its smartphone LCD panel production capacity spurred by Apple's plan to buy a major chunk of the LCD screens for its iPhone.
Dec 20, 2010
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