IBT Staff Reporter

EBay Inc's online payments service, PayPal, shut down worldwide for about an hour on Monday after the Internet retailer encountered internal problems with the fast-growing division.

Aug 03, 2009

Hungarian drug producer Richter Gedeon said its second-quarter net profit more than doubled on rising sales, especially to Russia and the United States, muted cost growth and a smaller-than-expected loss.

Aug 03, 2009

Australia and New Zealand Banking Group Ltd has agreed to pay about $550 million to buy some Asian units from British lender Royal Bank of Scotland, building up its Asia presence.

Aug 03, 2009

American actress Linsay Lohan posted a note on Twitter today hinting that she landed a role in a movie from director Robert Rodriguez.

Aug 03, 2009

EBay Inc's online payments service, PayPal, shut down worldwide for about an hour on Monday after the Internet retailer encountered internal problems, the Wall Street Journal reported on Monday.

Aug 03, 2009

Bank of America to Pay, Citi chips, Apple's Google Goodbye,

Aug 03, 2009

A global consulting company that rose from the ashes of the destroyed accounting firm Arthur Andersen is now facing a scandal of its own.

Aug 03, 2009

The shares of private equity firm Blackstone Group LP rose 21 percent on Monday, a surge that one options analyst attributed to investors buying on speculation that upcoming earnings would be better than expected.

Aug 03, 2009

With rumors that China Unicom might be soon ink a formal deal with Apple to bring the iPhone to China as early as September, China Mobile, the rival, will also speed its new OPhone to the huge Chinese market.

Aug 03, 2009

American International Group Inc said it had tapped former MetLife chief Robert Benmosche to be its new CEO, effective next Monday.

Aug 03, 2009

The U.S. Federal Trade Commission said it will continue to investigate the relationship between the boards of Apple Inc and Google Inc, after Google's chief quit Apple's board on Monday

Aug 03, 2009

In an effort to abide with European Competition Law, Microsoft has proposed an alternative to Widows 7 'E' version of operating system which is dubbed as Consumer ballot screen but the move is hard to swallow, Microsoft said.

Aug 03, 2009

The U.S. Federal Trade Commission said it will continue to investigate the relationship between the boards of Apple Inc and Google Inc, after Google's chief quit Apple's board on Monday.

Aug 03, 2009

French Researchers on Monday found a new type of HIV virus that is hard to detect by conventional tests that comes from Gorillas and has many biological properties linked for human infections, according to Nature Medicine journal.

Aug 03, 2009

The children of Rebiya Kadeer, head of the World Uyghur Congress, have written a letter to their mother accusing her of masterminding the July 5 riots in Urumqi, and which was also signed by other relatives on July 24. The letter was originally written in the Uygur language, according to the Xinhua News Agency.

Aug 03, 2009

T-Mobile's second generation my Touch 3G – a Google Android power phone -- is set to go sale in Wednesdays with no physical keyboard.

Aug 03, 2009

Phibro LLC the energy trading unit of Citigroup may separate from its parent company, according to a report from the New York Times which said Andrew Hall, a senior trader at Phibro has had preliminary talks to other parties about the separation.

Aug 03, 2009

U.S. auto sales jumped to the highest level of 2009 in July as Americans rushed to take advantage of the government's Cash for Clunkers program, raising hopes that the battered sector is poised for recovery.

Aug 03, 2009

Michael Jackson's mother was granted permanent custody of her late son's children during a hearing Monday after an unexpected objection from the King of Pop's former dermatologist.

Aug 03, 2009

A new hotel in Singapore is responding to the credit crunch (and getting some useful PR at the same time) by allowing guests to pay what they want for a room.

Aug 03, 2009

Microsoft has changed its plans to shift its new European operating system Windows 7 E as it addresses EU's concerns. I'm pleased to report that we will ship the same version of Windows 7 in Europe in October that we will ship in the rest of the world, Dave Heiner, vice president and deputy general counsel at Microsoft, wrote in a blog post.

Aug 03, 2009

Gong Fangxiong, chief economist for the Greater China region and head of the China Research Department at JPMorgan Chase Co., has been appointed as deputy chairman of the JP Morgan Chase's China investment bank, according to local media Caijing.

Aug 03, 2009

Nissan Motor Co. unveiled its first electric vehicle in Japan on Sunday, a car to be mass produced with an affordable price for consumers in the Japanese, American and European markets, the firm said in a statement.

Aug 03, 2009

Four earthquakes hit the coastlines of Baja California, at the Northwest of Mexico on Monday but no word of damage or injuries were immediately reported.

Aug 03, 2009

Somali pirates freed a German ship seized in April on Monday after receiving a ransom and a Malaysian-owned tug boat has also been released after being held for more than seven months.

Aug 03, 2009

A plan to increase U.S. troops in Colombia is drawing opposition not just from left-wing populist leaders in the region but from the moderate governments of Brazil and Chile as well.

Aug 03, 2009

Pakistan's Supreme Court adjourned an appeal hearing on Monday to decide whether to re-arrest the founder of a militant group said to have been behind the attacks on Mumbai last November.

Aug 03, 2009

Shares of UBS rose sharply on Monday as attention turned to details of an agreement ending the Swiss bank's dispute with U.S. authorities over whether it should reveal the identities of thousands of American clients.

Aug 03, 2009

Stocks rose on Monday, pushing the S&P 500 index above 1,000 for the first time in nine months, as data on the manufacturing sector underscored optimism that the economy was recovering.

Aug 03, 2009