IBT Staff Reporter

122311-122340 (out of 154953)

CellStories offers a handful of literature for free

A website launched on Tuesday will post a short story every weekday to any Web-enabled cellphone for free in what some see as an underground challenge to dominant digital reading devices such as Amazon's Kindle.

Toyota raising output to ease tight US inventories

Toyota Motor Corp plans to raise production of its Tacoma and Tundra pickups to meet expected demand for trucks, and increase production of fuel-efficient vehicles through the end of the year, executives said on Tuesday.

OzForex Daily Commentary

The Australian Dollar opens sharply lower on Wednesday at 0.8260 after the Reserve Bank of Australia left interest rates unchanged at 3 per cent.

Ecuador probes Chevron bribe charge against judge

Ecuadorean authorities said on Tuesday they were looking into accusations by Chevron Corp that the judge involved in a $27 billion environmental lawsuit against the U.S. oil company is guilty of misconduct and involvement in a bribery scheme.

Koenigsegg close to financing Saab deal-report

Luxury sportscar maker Koenigsegg is close to securing the financing needed to carry out its purchase of Saab Automobile from General Motors, a Swedish business daily reported on Tuesday.

Khosla raises $1 bln for renewables, clean tech

Khosla Ventures said on Tuesday it had raised more than $1 billion for renewable energy and clean technology funds, a sign that skittish investors are hot for climate-change-related projects.

Buffett's HomeServices broker buys Chicago agency

A real estate brokerage run by Warren Buffett's Berkshire Hathaway Inc has bought a Chicago-based agency from Brookfield Residential Property Services, the latest in a series of acquisitions by Berkshire and its units.

Toyota raising output to ease tight U.S. inventories

Toyota Motor Corp plans to raise production of its Tacoma and Tundra pickups to meet expected demand for trucks, and increase production of fuel-efficient vehicles through the end of the year, executives said on Tuesday.

Daily Wrap Up - September 1 Tech

Ebay, the US online auction group, agreed to unload 65 per cent of its Skype internet calling service to a group of private investors for $2bn in cash and debt.

Olivia Rogowska close to humiliate Dinara Safira (Photos)

Olivia Rogowska, a relatively unknown Australian tennis player was close to making history on Tuesday. Rogowska was close to witnessing her opponent Dinara Safira become the first top-seeded woman to lose in the first round of the U.S. Open.

U.S. Aug auto sales boom but clunker hangover looms

U.S. auto sales boomed in August as $3 billion in government incentives spurred sharp gains for Hyundai Motor Co, Ford Motor Co and Honda Motor Co and left the industry facing shortages of top-selling vehicles.

GE exec sees another 12-18 tough months ahead

General Electric Co expects conditions in most of its core markets to remain challenging for the next 12 to 18 months, a top executive of the largest U.S. conglomerate said on Tuesday.

Hurricane Jimena latest update, path, forecast (Sept 1)

Hurricane Jimena has weakened slightly as it approaches the southwestern area of Mexico's Baja California Peninsula but remains an extremely dangerous category 4 hurricane, the National Hurricane Center said on its latest report.

Foreclosures, unemployment sap Florida economy

Florida's economy is shrinking in another crippling blow to the housing market of the state, which leads the United States in foreclosures and is grappling with record levels of unemployment.

U.S. factory, home sales data signal recovery

The U.S. manufacturing sector grew for the first time in 19 months in August and home sales contracts hit a two-year high in July, more evidence the economy was pulling out of the worst recession in 70 years, reports on Tuesday showed.

Muhammad Ali visits Irish ancestral home

Boxing legend Muhammad Ali was given a hero's welcome on Tuesday when he visited Ennis, his ancestral home town in Ireland, and was made an honorary freeman at a reception watched by hundreds on big screens outside.

RHJ raises stakes in Opel poker with sweetened bid

Belgian finance investor RHJ International (RHJI.BR) raised the stakes in the ongoing bidding war with rival Magna (MGa.TO) for GM's GM.UL Opel unit, as sources said the U.S. automaker's board was due to discuss the deal.

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