IBT Staff Reporter

Apple Inc Chief Executive Steve Jobs underwent a liver transplant operation about two months ago and is expected to return to work by the end of June, The Wall Street Journal reported on Saturday.

New York Times reporter David Rohde escaped from the Taliban Friday night, the paper reported, after seven months of captivity where the U.S. government and media outlets voluntarily decided not to report on the matter.

JibJab, an e-card site, entertained President Barack Obama on Friday night at the Television Correspondents' Association dinner by showing a spoof video of the President.

The CEO of Singapore Airlines, the world's biggest by market value, will take a 20 percent pay cut as the carrier looks to cut costs after seeing profits battered by weak travel demand and volatile oil prices.

The Qatar Investment Authority could acquire more shares in ailing German sports car maker Porsche SE than previously thought, German magazine Focus said.

Steve Jobs, who has been on medical leave from Apple for the past six months, received a liver transplant in Tennessee two months ago but will still return to work at the end of June, according to a report Friday in the Wall Street Journal.

Shares of Assured Guaranty Ltd rose as much as 5 percent on heavy volumes Friday, a day after the bond insurer said it would not need backup funds from investor Wilbur Ross for a pending acquisition upon completion of its share offering.

HudBay Minerals plans to embark on an acquisition spree and is targeting companies valued as high as C$1 billion ($885 million), the base metals miner's chief executive said on Friday.

A deal reached by European Union leaders broke a deadlock on bank supervision reform on Friday, overcoming British reservations, but leaving much detail still be worked out in practice.

Zimbabwean expatriates in London jeered Prime Minister Morgan Tsvangirai when he urged them to return home to help rebuild the country's ruined economy after a decade of crisis.

Germany's Volkswagen will have a positive result in the second quarter and would consider giving sports car maker Porsche a loan if asked, VW's chief financial officer Hans Dieter Poetsch said on Saturday.

President Barack Obama said on Saturday he is ready to fight for a tough new agency to protect consumers from risky loans and other financial products and lashed out at groups that might stand in the way.

Steve Jobs, the chief executive of Apple Inc, received a liver transplant about two months ago but is expected to return to work later this month, the Wall Street Journal reported on Saturday.

Russia is ready to dramatically cut its nuclear stockpiles in a new arms pact with the United States if Washington meets Russia's concerns over missile defense, President Dmitry Medvedev said on Saturday.

A suicide bomber blew himself up at the mausoleum of the father of Iran's revolution, Ayatollah Ruhollah Khomeini, state media said Saturday, in an attack coinciding with more unrest over a disputed presidential vote.

Apple Inc's latest iPhone hit stores on Friday with new features and faster speeds, drawing plenty of fans, if not the crowds that had swarmed the previous iPhone debuts.

The global economic crisis will help push 100 million people into poverty this year through lost jobs and lower earnings, leaving one sixth of the world's population living in hunger, a U.N. agency said on Friday.

Telecom equipment maker Nortel Networks said on Friday that it will sell its advanced wireless technology business to Nokia Siemens Networks for US$650 million and that it was making progress in talks to sell its other businesses.

The new strain of H1N1 flu is causing something different to happen in the US

The Caylee Anthony autopsy report released Friday listed “homicide by undetermined means” as the cause of the toddler’s death.

On Friday, Palm said that it is planning to make the WebOS SDK available to everyone by the end of summer.

Negotiations are under way between General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery over the proposed purchase of Hummer, and the deal is a perfect fit according to GM’s CEO Jim Taylor.

U.S. regulators closed three small banks on Friday, bringing the number of bank failures to 40 so far this year as the recession and delinquent loans erode the health of financial institutions.

According to the latest statistics from World Health Organization (WHO), the total number of confirmed influenza A/H1N1 cases had jumped to 2718 in 18 Asian countries by Friday.

On Friday, Microsoft announced the release of a stimulus package for select nonprofit organizations, associations and targeted trade groups at the inaugural NFP(not-for-profit) Summit in Washington, D.C.

Without further signs of life in the lackluster economy or hints from the Federal Reserve the outlook is improving, stocks' three-month rally may run into more obstacles next week.

With apartments piling up on the market in Manhattan, isn't this the time to snap up the real estate equivalent of buying Champagne on a beer budget?

Laptops an inch thick that multitask and edit multimedia content, but cost only $500? Intel and AMD are betting they aren't too good to be true.

Allen Stanford, the once high-flying Texas billionaire with a Caribbean knighthood and a penchant for publicity and cricket, has been brought down to earth with a thud as he faces criminal charges.