IBT Staff Reporter

The U.S. first-time homebuyer credit, aimed at boosting demand amid the recession, is still beset by significant scamming, though authorities made some progress rooting out fraud, a federal watchdog said.

Jun 24, 2010

The United States is urging Syria to open up its markets to U.S. companies' computers and software, but fears over piracy and Internet access restrictions are holding back American technology companies from investing there.

Jun 24, 2010

The former Soviet Central Asian republics are at a precarious crossroad today between accomplishing monumental progress, like Kazakhstan, and flirting with disaster and the prospects of civil war, like Kyrgyzstan.

Jun 24, 2010

Britain could force internet service providers such as BT, Virgin Media and TalkTalk to reveal whether they restrict access to some websites at peak times while favoring others, regulator Ofcom said.

Jun 24, 2010

Hasbro Inc said it is not involved in any talks regarding a potential sale of the company, despite a news report that said it had been in negotiations for a possible leveraged buyout.

Jun 24, 2010

Lawmakers on Thursday agreed to boost banks' capital requirements and neared agreement on a derivatives crackdown as they closed in on a historic overhaul of financial regulations.

Jun 24, 2010

The Supreme Court on Thursday set aside some convictions of former Enron Corp Chief Executive Jeffrey Skilling and former media baron Conrad Black, a setback for the U.S. Justice Department in some of its biggest corporate fraud prosecutions of the last decade.

Jun 24, 2010

British Airways said it planned to recruit over one thousand new cabin crew on lower wages than current staff as it faces possible further strikes by existing flight attendants in August.

Jun 24, 2010

Morgan Stanley has agreed to pay $102 million to settle an investigation in Massachusetts into the investment bank's subprime lending practices, a source familiar with the matter said on Thursday.

Jun 24, 2010

Dell Inc said on Thursday the company is squarely focused on improving profitability, even as it grapples with rising component costs and volatility in international markets.

Jun 24, 2010

The excitement surrounding the new Chinese yuan currency regime has been not been reflected in the non-deliverable forward (NDF) market. The 1-year CNY NDF is only pricing in a 2 percent move in the next 12 months. This is conservative compared to the pricing of the 1-year NDFs in July 2005 when China altered their currency policy from a de-facto peg of 8.2765 yuan per dollar to a managed float.

Jun 24, 2010

When Kenyan graduate Roy Wachira, 25, set out to start his first business, he turned to the Internet, whose growth in the east African nation is spawning opportunities unthinkable even a year ago.

Jun 24, 2010

The top White House economic advisor said on Thursday world leaders must keep the tentative global recovery on track as Europe headed into this weekend's G20 summit defending plans for heavy cost-cutting.

Jun 24, 2010

Lennar Corp , the third-largest U.S. homebuilder, reported higher-than-expected quarterly earnings and affirmed its goal of profitability for the full year.

Jun 24, 2010

The top White House economic advisor said on Thursday world leaders must keep the tentative global recovery on track as Europe headed into this weekend's G20 summit defending plans for heavy cost-cutting.

Jun 24, 2010

Corrects spelling of 'czar' in first paragraph

Jun 24, 2010

The yen rose against the dollar and euro on Thursday as a less optimistic outlook on growth from the U.S. Federal Reserve dented risk appetite, with the single currency further hampered by Greek debt markets.

Jun 24, 2010

With its technology already in smartphones like Motorola Inc's Droid X, startup Swype is setting its sights on helping consumers type more easily on billions of phones, including iPhones.

Jun 24, 2010

Nokia Oyj will use Linux MeeGo software in its flagship N-series smartphones, hoping the new platform will give it a better chance to battle rivals such as Apple Inc and Google Inc.

Jun 24, 2010

The U.S. Supreme Court set aside on Thursday the convictions of former media baron Conrad Black and two ex-colleagues for defrauding shareholders of one-time newspaper publishing giant Hollinger International Inc.

Jun 24, 2010

Google Inc won a landmark victory over media companies as a Manhattan federal judge threw out Viacom Inc's $1 billion lawsuit accusing the Internet company of allowing copyrighted videos on its YouTube service without permission.

Jun 24, 2010

The U.S. Supreme Court on Thursday set aside a ruling that upheld the conspiracy conviction of former Enron Corp executive Jeffrey Skilling, and sent the case back for more proceedings.

Jun 24, 2010

The number of workers filing new applications for unemployment insurance fell slightly more than expected last week, offering hope the fragile economic recovery remained intact.

Jun 24, 2010

Stocks fell on Thursday, with bank shares pressured as negotiations over a financial reform bill approached the final hours, while investors remained skittish about the pace of the economic recovery.

Jun 24, 2010

Brain scans may be able to predict what you will do better than you can yourself, and might offer a powerful tool for advertisers or health officials seeking to motivate consumers, researchers said on Tuesday.

Jun 24, 2010

With the historic overhaul of financial rules nearly complete, lawmakers have waited until the final, frantic hours to sort out the most controversial provisions in the bill.

Jun 24, 2010

The 10-year-old Human Genome Project has only just begun to bring to fruition its promise to transform medicine, its founders said on Thursday.

Jun 24, 2010

The dollar and yen rose against the euro on Thursday as a less optimistic outlook on growth from the U.S. Federal Reserve dented investors' appetite for risk, with the euro further hampered by Greek debt markets. Concerns over Greece were hanging over the euro zone, as the cost of protecting its government debt against default hit a record high.

Jun 24, 2010

Senators said on Wednesday they were unmoved by China's steps to partly free the yuan and vowed to push forward legislation to punish a Chinese currency misalignment they say distorts trade and steals jobs.

Jun 24, 2010