IBT Staff Reporter

Dell on Wednesday introduced its new enterprise technology efficiency for small and medium businesses.

Jun 17, 2009

FedEx Corp., the global shipping service provider, said Tuesday it expects the operating environment in the next two quarters to be “extremely difficult,” expecting manufacturing to be negative through the summer and higher fuel prices to have a significant impact.

Jun 17, 2009

Nokia’s distributors in China boycotted the products of the Finnish phone giant in protest over heavy fines the company levied on them for selling outside their assigned territories.

Jun 17, 2009

Amid complaints by smaller competitors that exclusive agreements by dominant wireless phone companies and handset makers hurt competition, AT&T said on Wednesday that competition in the industry is robust and it will increase over time.

Jun 17, 2009

Nvidia Corporation was raised to a BUY from HOLD rating as higher revenue is expected in its future, according Wedbush Morgan research during its analyst day.

Jun 17, 2009

The controversial software to filter pornography and other unsuitable websites may face another yet another hurdle. The developers of the Chinese filtering software ‘Green Dam’ may face legal charges from the California-based Solid Oak, makers similar filtering software.

Jun 17, 2009

China's National Bureau of Statistics (NBS) on Tuesday announced that the discrepancy between industrial output and power generation growth in May was due to industrial restructuring and the use of energy-efficient products.

Jun 17, 2009

Chrysler Group LLC said on Wednesday it will resume production of vehicles in seven North American assembly plants by the end of the month, the first large-scale resumption of production since the Fiat SpA led company acquired Chrysler assets earlier in June.

Jun 17, 2009

E*Trade Financial Corp., looking to boost its bank’s capital, announced Wednesday a common stock offering worth $400 million.

Jun 17, 2009

V-Vehicle Company, a startup automaker announced it will move into a former General Motors plant in Monroe Lousiana to build environmentally friendly vehicles, state and company officials announced today, according to the Associated Press.

Jun 17, 2009

Intel Corp plans to phase out some of its brands, including the Centrino for computers, to focus on fewer top names as the chip maker expands into new markets such as mobile devices.

Jun 17, 2009

Option traders will soon be able to speculate or hedge their risk in the shares of Berkshire Hathaway Inc , the insurance and investment conglomerate run by billionaire Warren Buffett.

Jun 17, 2009

The Shanghai Cooperation Organization (SCO), comprising Russia, China and four ex-Soviet Central Asian republics--Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan-- held their own summit Tuesday in the Russian Ural city of Yekaterinburg.

Jun 17, 2009

Defeated presidential candidate Mirhossein Mousavi has called on supporters to stage peaceful demonstrations or gather in mosques on Thursday to express solidarity with people killed in post-election unrest.

Jun 17, 2009

Several iPhone users are reporting problems with the activation server when downloading the latest iPhone OS 3.0.

Jun 17, 2009

The first summit of BRICs (Brazil, Russia, India and China) ended on Tuesday in Yekaterinburg with robust consensus on more joint efforts to revive the world economy.

Jun 17, 2009

Specialty retailer Eddie Bauer filed for bankruptcy on Wednesday, but says it will continue to serve customers as it seeks court permission to sell its assets to a private equity group.

Jun 17, 2009

Samsung Electronics Co., Ltd. on Wednesday said its 4GB chip based on 50-nm class DRAM production technology has borne the world’s first 32GB DDR3 Memory for low-power server operations.

Jun 17, 2009

The Lakers - a franchise valued at $584 million by Forbes - celebrated the team's 15th NBA championship parade on Wednesday marching in double decker buses from the Staples Center to the Coliseum in Los Angeles.

Jun 17, 2009

U.S. retail chain, Eddie Bauer Holdings Inc. filed Wednesday for Chapter 11 bankruptcy protection and entered into a deal worth $202 million with a private equity firm to buy the company’s assets.

Jun 17, 2009

NEW YORK, June 17 Reuters) - Ten of the largest U.S. banks said on Wednesday they repaid more than $68 billion of taxpayer bailout funds, as they race to extract themselves from government restrictions on pay for top executives.

Jun 17, 2009

(Corrects number of banks in first bullet point, corrects index closing level in third bullet point, updates total repayment figure to $68 bln in bullet point and paragraph 1)

Jun 17, 2009

President Barack Obama said Tuesday that today’s antiquated U.S. financial system puts “American dreams” in “consistent danger,” as he announced his proposals to change the laws which govern how financial companies are run.

Jun 17, 2009

Microsoft Corp was off to a good start with its revamped search engine Bing that was launched a few weeks earlier, Chief Executive Officer Steve Ballmer said on Wednesday.

Jun 17, 2009

Technology shares buoyed the Nasdaq on Wednesday after positive broker comments on Qualcomm, but financial shares' losses held back the Dow and the S&P 500.

Jun 17, 2009

Autopsies made of victims of the Air France Flight 447 revealed fractures in the legs, arms and hips, Brazil's O Estado de S. Paulo newspaper reported on Wednesday, strengthening speculation that the airplane broke apart at high altitudes.

Jun 17, 2009

U.S. consumer prices rose slightly in May, but over the past 12 months prices registered the biggest drop in nearly 60 years, allaying fears that inflation could threaten prospects for economic recovery.

Jun 17, 2009

(Corrects comment initially sent at 11:58 a.m. to change number of banks downgraded by S&P to 18 in second bullet and lead paragraph)

Jun 17, 2009

U.S. stocks were mixed on Wednesday, weighted by a downgrade of 18 banks by Standard and Poor's and a disappointing earnings outlook from economic bellwether FedEx Corp .

Jun 17, 2009