IBT Staff Reporter

130471-130500 (out of 154953)

Brazilian miner Vale says no rush in China talks

Brazilian mining group Vale is in no rush to finish iron ore price talks with Chinese steelmakers and sees little possibility they could buy ore on spot markets, the company's chief executive said on Thursday.

Porn hits the iPhone

Apple has ushered in pornography to its iPhone when an application called 'Hottest Girls' was seen on its iTunes App Store. The app costs $1.99 only and includes more than 2200 images of attractive topless women and sexy babes.

Allen Stanford to seek bail in Houston on Thursday

After spending a week in jail, Texas financier Allen Stanford on Thursday will face a U.S. judge who will decide whether the he must remain behind bars while he awaits trial for an alleged $7 billion swindle.

Bernanke says did not threaten BofA over Merrill

Federal Reserve Chairman Ben Bernanke on Thursday again denied threatening Bank of America executives if they halted a merger with Merrill Lynch or pressuring them to withhold bad news about Merrill.

Wall Street rises, retailers gain

Stocks rose on Thursday, reversing early losses, as gains in consumer shares offset jitters about an economic recovery after data showed more workers filed new jobless claims.

Ahmadinejad compares Obama to Bush

President Mahmoud Ahmadinejad accused Barack Obama on Thursday of behaving like his predecessor toward Iran and said there was not much point in talking to Washington unless the U.S. president apologized.

Total may invite Gazprom to join Africa projects

France's Total is ready to invite Russia's Gazprom to join its projects in Africa and elsewhere, the head of Total's Russia unit said on Thursday, a day after striking a major Russian gas deal. We are very open to discussing with a company like Gazprom to have developments abroad including, of course, in Africa, Pierre Nergararyan, general director of Total E&P Russie, told reporters on Thursday.

Health games become serious business

Videogames were once blamed for rising obesity rates but are now being championed by the medical industry and for use by government departments for their health benefits.

Oil rises above $69 on Nigeria attack

Oil rose above $69 a barrel on Thursday after Nigeria's main militant group shut down one of Royal Dutch Shell's pipeline junction points, heightening concerns about supplies from the region.

Jobless claims deflate labor rebound hopes

The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week and the number staying on the rolls after collecting an initial week of aid also edged higher, government data on Thursday showed.

U.S. jobless claims rose 15,000 in latest week

The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week and the number staying on the rolls after collecting an initial week of aid also edged higher, government data on Thursday showed.

Stanford love emails to Maria Belen Shapur published

The Argentinean woman to whom South Carolina Governor Mark Sanford confessed having an affair with has been identified as Maria Belen Shapur resident of a 14-story building in Buenos Aires and a mother of two sons , one a teenager of driving age and the other younger, according to Terra Argentina today.

Daily Commentary - 25/06/2009

The Australian Dollar opens marginally higher from this time yesterday at 0.7965 after another 24-hour session in which most of the action happened offshore.

Stock futures slide after jobless data

Stock index futures fell on Thursday after government data showed the number of workers filing new claims for jobless benefits unexpectedly rose last week.

Britain says facing growing cyber security threat

Britain warned on Thursday of a growing risk to military and business secrets from computer spies and pledged to toughen cyber security to protect the 50 billion pounds ($82 billion) spent a year online in its economy.

First Solar sees costs down by a third in 5 years

First Solar Inc on Wednesday said it expected to cut manufacturing costs by a third or more over the next five years, mainly by making its solar panels more efficient at transforming sunlight into electricity.

Opposition to cap-and-trade grows in U.S.

Three-quarters of Americans believe the U.S. government should regulate the release of greenhouse gases from cars and factories to reduce global warming, according to a Washington Post-ABC News poll.

BP taps Ericsson CEO as next chairman

Ericsson said its chief executive, Carl-Henric Svanberg, was stepping down to become chairman of BP Plc in a surprise appointment that ends the oil major's fraught search for a successor to Peter Sutherland.

Oil rises to $69 on Nigeria attack

Oil rose above $69 a barrel on Thursday after Nigeria's main militant group shut down one of Royal Dutch Shell's pipeline junction points, heightening concerns about supplies from the region.

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