IBT Staff Reporter

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U.S. opens probe of Diebold unit sale: report

The U.S. Department of Justice and 14 states have opened investigations into the sale of Diebold Inc's voting machines business to Election Systems & Software that could lead to the unwinding of the September sale, the New York Post said on Saturday.

Avatar midnight screenings pull in $3.5 mln

Director James Cameron's big-budget film Avatar took in $3.5 million at its initial midnight screenings on Friday in the United States and Canada, ticket tracker Hollywood.com Box Office said on Friday.

U.S. Democrats strike deal on health bill

U.S. Senate Democrats said they reached agreement on an abortion compromise with a crucial holdout, Senator Ben Nelson, on Saturday in a deal that could clear the way for passage of a sweeping healthcare overhaul.

Senate approves $636 billion military spending bill

The U.S. Senate approved a $636 billion military spending bill on Saturday that funds the wars in Iraq and Afghanistan and also includes money to extend jobless aid and Medicare payment rates for two months.

Alien screenwriter Dan O'Bannon dead at 63

Hollywood writer Dan O'Bannon, whose script for the hit space thriller Alien introduced some of the most terrifying creatures of science-fiction lore to the big screen, has died at age 63.

U.S.-led climate deal under threat in Copenhagen

Several developing nations rejected on Saturday a climate deal worked out by U.S. President Barack Obama and four major emerging economies, saying it could not become a U.N. blueprint for fighting global warming.

Google in talks to buy review site Yelp: reports

Google Inc is in talks to buy Yelp Inc, the popular website for reviews of local businesses, in a deal that could help the Internet search leader tap a lucrative local ads market, media reports say.

Storm threatens Super Saturday retail hopes

Bargain-hunting shoppers are poised to flood U.S. stores on Super Saturday, but severe winter weather is threatening the East Coast and could limit turnout on what was shaping up to be the most important weekend for holiday sales.

Florida man sentenced for threat to kill Obama

A federal court judge sentenced a Florida man to three years in prison on Friday for threatening to kill President Barack Obama in an email that said The blood of Obama will run down the streets.

U.N. summit weighs 2 degree goal,$100 bln climate fund

A U.N. summit is considering a target of limiting global warming to a maximum 2 degrees Celsius, backed by a new fund of $100 billion a year to aid developing nations, according to a draft text pulled together on Friday morning hours before world leaders met.

Senate races the clock on health bill

With the clock ticking toward a self-imposed Christmas deadline, Senate Democrats kept a wary eye on the weather on Friday as they scrambled to line up the 60 votes needed to pass a healthcare reform bill.

Stock investors won't hold breath for Santa

Santa came early for Wall Street this year by delivering a 22 percent return for 2009, and with just a handful of trading days to go, stock investors aren't expecting to find much more under the tree.

Ex-BoA executive said raising fund for bank deals

Former Bank of America Corp (BAC.N) Vice Chairman Gene Taylor is putting together a fund to invest in U.S. banks after a bid to inject capital into a small Florida bank fell apart, sources familiar with the matter said.

Morgan Stanley's Mack forgoes bonus again

Morgan Stanley Chief Executive John Mack is forgoing a year-end bonus for the third straight year, he said in a memo obtained by Reuters, putting pressure on other Wall Street CEOs to follow suit.

Kraft seeks OK for share sale in Cadbury deal

Kraft Foods Inc (KFT.N) will convene a meeting on February 1 to urge shareholders to approve a proposal to issue shares and bankroll its hostile bid for Britain's Cadbury Plc (CBRY.L).

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