IBT Staff Reporter

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SEC may tighten executive pay rules: sources

U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission's thinking told Reuters on Tuesday.
Jun 30, 2009

SEC may change executive pay disclosure: sources

U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission's thinking told Reuters on Tuesday.
Jun 30, 2009

Web video site Joost cuts service, jobs, CEO goes

Joost, an early pioneer in bringing popular TV shows and movies to the Web, is dropping its consumer service, cutting jobs and losing its high-profile chief executive as it struggles to find revenue to survive.
Jun 30, 2009

Ten or more face possible Madoff charges: source

U.S. investigators say 10 or more people associated with imprisoned swindler Bernard Madoff could face criminal charges in the coming months, a law enforcement source said on Tuesday.
Jun 30, 2009

Coleman congratulates Franken on victory after court ruling

Republican senate candidate Norm Coleman gave up his fight for the U.S. Senate on Tuesday, congratulating rival Al Franken. Earlier today, Minnesota's highest court upheld a decision by a lower court declaring Franken the winner in last November's election.
Jun 30, 2009

Cisco may offer Web-based office software

Cisco Systems Inc is considering offering Web-based alternatives to Microsoft Corp's popular Office software as the networking giant expands on the Internet.
Jun 30, 2009

U.S. demands UBS comply in full in tax evasion case

The U.S. Justice Department said on Tuesday it was pressing ahead with its five-month-old lawsuit against UBS AG to force the Swiss bank to identify thousands of U.S. clients with secret UBS accounts.
Jun 30, 2009

EPA allows California to regulate car gases linked to climate change

The U.S. Environmental Protection Agency on Tuesday granted California's request to regulate greenhouse gas emissions from cars and light trucks as the Obama administration implements measures to increase fuel efficiency and reduce the impact on global warming linked to these gases.
Jun 30, 2009

Al Franken wins senate seat

The Minnesota Supreme Court on Tuesday declared democrat Al Franken as the winner of Minnesota's disputed U.S. Senate seat over Republican Norm Coleman.
Jun 30, 2009

Struggling IT Market to recover in Q4

The worldwide IT market took a major plunge in the current fiscal quarter but will soon to recover by the end fourth quarter and into 2010, according to Forrester analyst research on Tuesday.
Jun 30, 2009

Minn. Supreme Court upholds Franken victory

Minnesota's Supreme Court upheld a ruling on Tuesday declaring Democratic candidate Al Franken as the winner of the state's U.S. Senate seat, beating incumbent Republican Sen. Norm Coleman in last November's election.
Jun 30, 2009

Geely, others still eye Volvo cars takeover: source

China's Beijing Automotive Industry Holding Corp , rival Geely, and at least one Western industrial group remain interested in Ford Motor Co's Volvo car unit, a person close to the situation said on Tuesday.
Jun 30, 2009

Bank of America accused of anti-consumer practices

Consumer and labor groups demanded Bank of America Corp and other lenders reform their sales practices so that workers under pressure to meet sales quotas do not saddle customers with costly and unnecessary products.
Jun 30, 2009

Market drops as sentiment data spurs caution

Stocks slid on Tuesday as a surprising drop in a gauge of consumer confidence sparked caution about the economy's recovery prospects, hurting industrial, technology and energy shares.
Jun 30, 2009

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