IBT Staff Reporter

For bored commuters with already bulging pockets, a shirt design company has come up with the perfect solution to keep them entertained on the trip to work -- a commuter tie with a hidden iPod storage pocket.

The shareholders of Amadeus have hired investment bank Rothschild to study a possible stock offering of the travel reservations giant, a source with knowledge of the deal said on Thursday.

The Nasdaq Stock Market could surpass its archrival, the New York Stock Exchange, this year or next in the number and value of initial public offerings, Nasdaq OMX Group Chief Executive Robert Greifeld said on Thursday.

Carlyle Group co-founder David Rubenstein said on Thursday that he sees potential for more IPOs from Carlyle's portfolio companies and said leverage for new deals is returning.

Asian stocks retreated from 13-month highs on Friday and commodity prices dipped after data giving a conflicting picture about the strength of the U.S. recovery stopped investors from extending this week's rally.

Former Chicago Cubs All-Star Shawon Dunston has objected in bankruptcy court to the sale of the team because it owes him money to pay for a college education, according to court documents filed on Thursday.

GlaxoSmithKline is in talks to buy a 5 percent stake in Indian drug maker Dr Reddy's Laboratories in a deal likely to be valued at $150 million, the Economic Times reported on Friday, citing sources privy to the development.

Warren Buffett is probably not trying to be Warren Wonka, but the Oracle of Omaha is certainly in a position to influence the struggle for control of the global chocolate industry.

Citigroup Chief Executive Vikram Pandit said on Thursday that $100 million is too much for an employee to earn given the bank's circumstances.

The man who has the power to set pay on Wall Street is hitting the road for a series of speeches before he has even publicly testified before Congress.

The generic title is a good indication of this movie's blandness and predictability. Love Happens might just as well have been called Falling in Love or Love Affair, but those titles have been used.

The Black Eyed Peas led Billboard's Hot 100 singles chart for a 12th week on Thursday with I Gotta Feeling, while the new season of Fox's Glee enlivened proceedings.

Jay-Z may make it a second week at No. 1 on the Billboard 200 albums chart next week as his Blueprint 3 could fend off some hot competition from two new releases as well as Whitney Houston's former chart-topper.

Life is as sweetly sour as ever as HBO's Curb Your Enthusiasm returns for its seventh season Sunday night.

The U.S. government fined Spirit Airlines $375,000 on Thursday for allegedly violating consumer protection rules, including those covering passengers who have been bumped from their flights, officials said.

Cuba has freed a man who was jailed for denouncing food shortages in a widely viewed YouTube video and sent him instead to a psychiatric hospital for three weeks, a human rights group said on Wednesday.

Credit agencies will have to disclose more of their ratings history, and creators of financial products will have to share data with all credit raters, under rules adopted by U.S. regulators on Thursday.

A team including AMR Corp , Delta Air Lines Inc , Northwest Airlines Inc and US Airways Group Inc has won a U.S. Transportation Command contract worth up to an estimated $1.58 billion for international airlift services, the Pentagon said Thursday.

New York Sports clubs owner Town Sports International Holdings Inc said the U.S. Securities and Exchange Commission was formally investigating the company's deferral of certain payroll costs related to membership sales.

Import cargo at major U.S. retail ports is expected to hit 12.5 million containers in 2009, sharply below last year's total but it was an improved outlook compared with just a month ago, the National Retail Federation and IHS Global Insight said on Thursday.

U.S. stocks slipped on Thursday after a three-day runup on concern recent gains were overextended despite the latest round of solid economic data.

Earlier this year, Irene Rosenfeld left no doubt as to what she would do with Kraft employees who stubbornly resisted a new set of values at the company.

Hewlett-Packard Co named Internet pioneer Marc Andreessen, 38, to its board of directors, tapping one of the industry's best known investors to help guide the world's biggest PC maker.

Continental Airlines expects fuller planes in the third quarter and has seen slower declines in premium bookings in the past three months, the company said in a filing on Thursday.

The Next Foreclosure Crisis; Telecom Chief Mixed on Economy; Employers to Bear Brunt

Hewlett-Packard Co named Internet pioneer Marc Andreessen, 38, to its board of directors, tapping one of the industry's best known investors to help guide the world's biggest PC maker.

Robust sales of the Pre smartphone helped Palm Inc post a smaller-than-expected loss, but a tepid second-quarter sales forecast and a plan to sell more shares helped snuff out a rally and sent its shares down nearly 2 percent on Thursday.

The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset.

Robust sales of the Pre smartphone helped Palm Inc post a smaller-than-expected loss, but a tepid second-quarter sales forecast and a plan to sell more shares helped snuff out a rally and sent its shares down nearly 2 percent on Thursday.