IBT Staff Reporter

Oracle Corp's plan to buy computer maker Sun Microsystems will be notified to European Union antitrust authorities this month, a source familiar with the deal said on Friday.

Jul 03, 2009

Global semiconductor sales rose 5.4 percent in May sequentially, reflecting a slow pick up in demand for products such as mobile phones and personal computers that use chips, according to the Semiconductor Industry Association (SIA).

Jul 03, 2009

A sedative used in operating rooms which makes people unconscious, was found at the house of Michael Jackson, a law enforcement official said Friday, according to the Associated Press.

Jul 03, 2009

Microsoft Bing Travel is unavailable for services due to an accidental fire at a Seattle building where Bing Travel data reside.

Jul 03, 2009

New York 4th of July celebrations will feature fireworks in the Hudson River for the first time since the 9/11 attacks.

Jul 03, 2009

Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.

Jul 03, 2009

Alaska Governor Sarah Palin, former Vice Presidential running mate of John McCain during the presidential elections in 2008, said Friday she is resigning on July 26 as governor and will not run for re-election on the position.

Jul 03, 2009

Researchers are using Bluetooth technology to observe the meanderings of tens of thousands of festival-goers at a top European rock festival, hoping their findings will launch a new generation of tracking devices.

Jul 03, 2009

Alaska Gov. Sarah Palin announced Saturday she is resigning from office by the end of the month, after deciding not to seek re-election in 2010.

Jul 03, 2009

Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.

Jul 03, 2009

The Michael Jackson Public Memorial Service has been set to take place on Tuesday, July 7 at 10:00 a.m. at Staples Center in downtown Los Angeles, according to the Staples Center website.

Jul 03, 2009

Alaska Governor Sarah Palin, Republican John McCain's vice presidential running mate in 2008, said on Friday she will resign this month and will not run for re-election as governor.

Jul 03, 2009

Free tickets for Michael Jackson's public memorial service at the Staples Center in Los Angeles will be distributed randomly to people who begin registering on Friday July 3 from 1:00 p.m. EST to Saturday July 4, 9:000 p.m. EST.

Jul 03, 2009

China's ambitious plan to increase wind power capacity could attract up to $150 billion in investment, but Beijing will have to get serious about revamping regulations and building much needed infrastructure.

Jul 03, 2009

The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.

Jul 03, 2009

Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.

Jul 03, 2009

Canada's Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help Teck pay down debt while expanding China's portfolio of commodity investments.

Jul 03, 2009

Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.

Jul 03, 2009

Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday.

Jul 03, 2009

The time and date of the Michael Jackson's memorial service has been finally decided.

Jul 03, 2009

Hundreds of British troops have seized key canal crossings in a Taliban stronghold in southern Afghanistan, military officials said on Friday, part of a new U.S.-led operation to wrest the initiative from insurgents.

Jul 03, 2009

For the U.S. military, it's the million dollar question — or rather the $687 billion question, according to a recent estimate of the Iraq war's total cost. Is Iraq now stable enough for them to take a permanent back seat?

Jul 03, 2009

Oil fell toward $66 a barrel on Friday, adding to a drop of nearly 4 percent the previous day, as unemployment data hardened views economic weakness would sap energy demand further and that last month's rally was overdone.

Jul 03, 2009

Russia hopes next week's visit by U.S. President Barack Obama will help restore confidence between the two biggest nuclear powers, a Kremlin aide said on Friday, after strains over Georgia and a U.S. missile shield plan.

Jul 03, 2009

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Jul 03, 2009

U.S. bank regulators closed seven institutions on Thursday, including six banks in Illinois controlled by one family and a small bank in Dallas, bringing the total number of U.S. bank failures to 52 so far this year.

Jul 03, 2009

Top oil and gas firm PetroChina raised daily output at its largest Sulige gasfield, in northern China's Ordos Basin, to 25.6 million cubic metres, up 67 percent from last July, its parent CNPC said.

Jul 03, 2009

Volkswagen chief executive Martin Winterkorn said Europe's largest auto maker sold 6 percent more cars and transporters in June than in the same month a year earlier.

Jul 03, 2009

U.S. government guidelines to spend $4 billion to expand broadband access to underserved areas across the United States may go beyond current laws, a broadband industry group, said on Thursday.

Jul 03, 2009