More From IBT Staff Reporter
GSA prime buyer of hybrid vehicles in last two years
The U.S. General Services Administration, which runs the government fleet, bought at least 14,584 hybrid vehicles in the past two fiscal years out of 145,473 during the last two years. That's about 10% of 145,473 vehicles the Government Services Administration purchased in that period.
Nov 30, 2010
General Motors India Crosses 100,000 units mark
General Motors India said announced it has crossed 100,000 unit of sales in Indian market and this is the first time it has crossed this mark in a calendar year since its inception in India.
Nov 30, 2010
Julia Roberts takes home over a million for coffee
Julia makes nearly a million dollars for a 45 second ad for an Italian coffee
Nov 30, 2010
Halma posts 'strong' H1 results, hikes dividend
U.K.'s Halma Plc, the health and safety sensor technology group, posted strong interim results and said it is well placed to perform equally strongly in the second half.
Nov 30, 2010
Barcelona thrashes Real Madrid 5-0 but Mourinho says Madrid not humiliated
Real Madrid coach Jose Mourinho says his side were not humiliated following a 5-0 thrashing by Barcelona in the El Classico at the Camp Nou
Nov 30, 2010
Indian economy growth exceeds expectations
The Indian economy outpaced growth expectations in the third quarter to grow more than in the second quarter, boosted by stronger manufacturing growth and construction, according to data released by the government.
Nov 30, 2010
Northumbrian Water interim profits up as revenue rises 5 pct
U.K.'s Northumbrian Water Group reported a higher profit for the first half as revenue rose 5 percent, and said it was well placed to maintain a strong financial performance. The provider of water and waste water services lifted its interim dividend by 7.5 percent to 4.72 pence.
Nov 30, 2010
Japan's unemployment, factory output worsen
Japan's economic conditions continued to worsen as unemployment rate rose in October and industrial production fell for the fifth consecutive month.
Nov 30, 2010
Davis Polk banks on Paul Chow to beef up Hong Kong team
Global law firm Davis Polk & Wardwell has strengthened its Hong Kong office by appointing Paul Chow, a leading M&A lawyer, as a partner and head of the regional office.
Nov 29, 2010
Activision Is No “Guitar Hero” To Axl Rose
Guns and Roses frontman Axl Rose is taking Activision to court, saying the company violated an agreement on the use of the song Welcome To The Jungle.
Nov 29, 2010
Linklaters strengthens banking and restructuring team by rehiring Chris Howard as partner
British law firm Linklaters has poached on Freshfields Bruckhaus Deringer partner Chris Howard by appointing him as a partner for its London office.
Nov 29, 2010
Cravath kicks off BigLaw bonus season
Cravath, Swaine & Moore, a premier New York law firm, has kicked off the BigLaw bonus season by announcing bonuses ranging from $7,500 to $35,000 for its associates who have been employed at the firm prior to September 1, 2010.
Nov 29, 2010
Waters demands hearing
U.S. Rep. Maxine Waters, D-CA, is saying “Try me or tell me why not.”
Nov 29, 2010
Boeing Subsidiary Mass Produces Record-Breaking Solar Cell
Spectrolab, a subsidiary of Boeing, has started mass production of its newest solar cell, offering efficiencies higher than any previous models, the company says.
Nov 29, 2010
Gold Price: From Diwali to the New Year in China
Surging demand from China, the world's second-largest gold buyer, is changing seasonal patterns in Gold Price trends for investors everywhere. At this current pace, private Chinese demand may overtake India's by 2014 (if not sooner).
Nov 29, 2010
Min-by-min live update match between Barcelona and Real Madrid
Barcelona vs. Real Madrid live update as it happened
Nov 29, 2010
Feds bust knock-off sales sites
Selling counterfeit items over the Internet became a little more difficult today, as federal law enforcement officers executed seizure orders against the domain names of 82 commercials websites that, authorities said, sold and distributed counterfeit goods and copyrighted works.
Nov 29, 2010
Obama freezes federal workers' pay
President Obama today froze the pay of all civilian federal employees for the next two years.
Nov 29, 2010
Mahindra buys Ssangyong Motor for $464 mln
India's Mahindra & Mahindra (M&M) said on Tuesday that it has agreed to acquire 70 percent interest in South Korea's Ssangyong Motor Company Limited (SYMC) for $463.6 million, in an attempt to gain momentum in global markets.
Nov 29, 2010
How Wikileaks uses technology to protect anonymity of whistle-blowers
The technology used by Wikileaks to maintain anonymity could be the Onion Router which is also used by U.S. Navy.
Nov 29, 2010
World leaders react to Wikileaks disclosures
Berlusconi in Italy laughed it away, while Ahmadinejad in Tehran yet again blamed the United States. The Russians refused to comment and Indians breathed a sigh of relief. WikiLeaks, the whistle-blower website, revealed the vigor of US espionage, leaking out more than 250,000 U.S. diplomatic cables. The first batch of the documents leaked mentioned Saudi Arabia and other Arab states' desire to attack Iran, highly sensitive information on world leaders and US military strategy across the Worl...
Nov 29, 2010
Fed judge pleads guilty to drug charge
A federal district court judge, who was arrested last month for purchase and use of drugs and illegal possession of firearms, has pleaded guilty and has agreed to step down from the bench.
Nov 29, 2010
Barcelona vs. Real Madrid: Live Coverage
It wouldn't be exaggerating to say that when Real Madrid make the trip to Nou Camp to face arch-rivals Barcelona on Monday, it will be football's equivalent to war.
Nov 29, 2010
U.S. denies diplomats are spies
A spokesman for the U.S. State Department denied on Monday that his agency's diplomats were spies, after the release of hundreds of thousands of secret and unclassified cables by the Wikileaks organization.
Nov 29, 2010
Arson attempted at mosque where Oregon terror suspect worshipped
The FBI is offering a reward for information leading to the person or persons who set fire to a mosque in Corvallis, Oregon on Sunday.
Nov 29, 2010
Japan not keen on China-proposed emergency meet on Korean tension
Japan on Monday dismissed immediate return to the table on Korea tensions as proposed by China. Officials in Tokyo maintained that the focus currently is on working 'closely' with South Korea and the United States.
Nov 29, 2010
Obama administration in a diplomacy bind over WikiLeaks
The Obama administration has been left red-faced by disclosures made by whistle-blower website WikiLeaks pertaining to French president Nicholas Sarkozy that describes him as an “emperor without clothes”, Iran president Mahmoud Ahmadinejad as ‘Hitler’ and Russian prime minister Vladimir Putin as an “Alpha Dog”.
Nov 29, 2010
Harry Potter scores over Tangled
Harry Potter rakes in good box office returns over the Thanksgiving weekend. Tangled, a 3D fairy story does well too
Nov 29, 2010
Wikileaks 'Cablegate' shows how Iran troubles the world
Wikileaks' latest spill, dubbed the 'Cablegate', shows that the world, especially the MIddle East fears Iran. But there are very strong strategic factors that help the country survive.
Nov 29, 2010
Denial-of-Service attack on Wikileaks, courtesy patriot hacker
The Denial of Service (DoS) attack against whistle-blower site Wikileaks on Sunday was not a state-sponsored attack but was courtesy a patriot hacker called The Jester.
Nov 29, 2010
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