More From IBT Staff Reporter
Judge to rule on Chrysler dealers later Tuesday
Chrysler LLC could get federal bankruptcy court approval on Tuesday to trim its dealer network by a quarter, although opponents want any order delayed until the U.S. Supreme Court rules on the sale of the company.
Jun 09, 2009
Swindler Samuel Israel's girlfriend sentenced to house arrest
The girlfriend of hedge fund swindler Samuel Israel was sentenced to three years of probation, including four months of house arrest, on Tuesday for helping him stage suicide to avoid going to prison.
Jun 09, 2009
New Google tool targets Microsoft business users
Google Inc introduced software to make it easier for businesses using Microsoft Corp's Outlook to switch to its Web-based communications and collaboration products.
Jun 09, 2009
U.S. swindler's girlfriend sentenced to house arrest
The girlfriend of hedge fund swindler Samuel Israel was sentenced to three years of probation, including four months of house arrest, on Tuesday for helping him stage suicide to avoid going to prison.
Jun 09, 2009
Oil jumps nearly 3 percent to $70 on dollar, demand
Oil jumped nearly 3 percent to settle at a seven-month high of $70 a barrel on Tuesday on the weaker dollar and a U.S. government report revising global demand expectations higher for the first time since September.
Jun 09, 2009
Microsoft reports record number of security flaws
Microsoft Corp issued software to fix 31 security flaws in its programs, a single-day record for the company whose products are targeted by hackers because they sit on the vast majority of computers.
Jun 09, 2009
Steep climb ahead for U.S. financial reforms
The Obama administration and congressional Democrats got a clear view on Tuesday of the uphill political path they face in pushing for tighter regulation of U.S. banks and financial markets.
Jun 09, 2009
Oil jumps 3 percent to top $70 on dollar, demand
Oil jumped nearly 3 percent to above $70 a barrel on Tuesday, boosted by the weaker dollar and a U.S. government report revising global demand expectations higher amid signs the economy may be approving.
Jun 09, 2009
Defense deals to grow, but more niche than mega
As the economic crisis squeezes U.S. government budgets and priorities shift beyond defense, the world's top defense contractors will likely turn to acquisitions to ensure they can keep growing.
Jun 09, 2009
Wall Street higher as Texas Instruments lifts tech
The Nasdaq rose on Tuesday after an improved outlook from Texas Instruments lifted technology stocks, but gains on other indexes were limited as plans by big banks to repay government bailout funds raised concerns whether the move would help the economy recover.
Jun 09, 2009
WHO on verge of declaring H1N1 flu pandemic
The World Health Organization (WHO) is on the verge of declaring the first influenza pandemic in more than 40 years, but wants to ensure countries are well prepared to prevent a panic, its top flu expert said on Tuesday.
Jun 09, 2009
Read These Two Biographies During Your Job Search
During your job search, you will want to learn all you can from highly successful people. You can learn directly from family, friends, mentors, and coaches, and from colleagues you can trust.
Jun 09, 2009
IBM aims to bolster partnerships amid weak economy
IBM said on Tuesday it is seeking to bolster sales partnerships to boost revenue in a weak economy and compete more effectively with other large technology firms.
Jun 09, 2009
Adult type 1 diabetics have higher depression rates
Adults with type 1 diabetes report more symptoms of depression and more often use anti-depressant medication than adults without type 1 diabetes, according to data released here at the 69th Scientific Sessions of the American Diabetes Association (ADA).
Jun 09, 2009
Oil jumps $1 on weaker dollar, demand forecast
Oil rose $1 on Tuesday to top $69 a barrel, boosted by the weaker dollar and a U.S. government report revising global demand expectations higher amid signs the economy may be approving.
Jun 09, 2009
7 Reasons Why Traveling With Your Parents Isn’t a Bad Idea
When you tell your friends that a trip looms sparkly on the horizon, the next question is often, “Who are you going with?” As they mentally click on the dropdown friend list, scrolling for your best, brightest, most-likely-to-get-someplace-on-time friends…and you’ll really enjoy lobbing this showstopper.
Jun 09, 2009
Russia drops unilateral WTO bid for ex-Soviet pact
Russia threw its 16-year bid to join the World Trade Organization into jeopardy on Tuesday when Prime Minister Vladimir Putin said Moscow would only join the trade body in partnership with two former Soviet republics.
Jun 09, 2009
WHO getting close to declaring H1N1 pandemic
The World Health Organization is getting close to declaring a full H1N1 influenza pandemic but wants to make sure countries are well prepared for such a move to prevent a panic, its top flu expert said Tuesday.
Jun 09, 2009
Texas Instruments drives tech higher; Treasury auction on tap
The Nasdaq rose on Tuesday after Texas Instruments raised its outlook, but other indexes were flat to lower after plans by big banks to repay a government bailout raised questions about whether the move would help the recovery.
Jun 09, 2009
Texas Instruments drives tech higher
The Nasdaq rose on Tuesday after Texas Instruments raised its outlook, but other indexes were flat to lower after plans by big banks to repay a government bailout raised questions about whether the move would help the recovery.
Jun 09, 2009
Microsoft's Bing makes early gains: study
Microsoft Corp is making early gains on Internet search leaders Google Inc and Yahoo Inc with its Bing search engine that launched last week, according to industry data firm comScore.
Jun 09, 2009
U.S. bankruptcies highest since 2005
U.S. bankruptcy filings rose in the first quarter to the highest since 2005, government data show, as rising unemployment, falling housing prices and tight credit made it harder for people to hold off their creditors.
Jun 09, 2009
Oil rises $1 as dollar weakens
Oil rose $1 on Tuesday to top $69 a barrel, boosted by the weaker dollar and expectations of another draw in U.S. crude inventories.
Jun 09, 2009
Ex-AT&T CEO to become chairman of restructured GM
General Motors Corp said on Tuesday that former chairman and chief executive of AT&T Inc Edward Whitacre will become chairman of the restructured automaker later this summer.
Jun 09, 2009
China defends software that blocks ‘unhealthy content’
China defended on Tuesday the use of a new screening software that will block pornography, violent content and other unhealthy content which will be installed on all computers starting from July 1.
Jun 09, 2009
Talbots to cut more jobs
Talbots Inc posted a much narrower-than-expected loss on Tuesday, a day after the women's apparel retailer decided to sell its J.Jill division to Golden Gate, and said it would cut corporate headcount across all locations by about 20 percent.
Jun 09, 2009
BlackRock nears BGI deal to build asset powerhouse
U.S. money manager BlackRock is near to buying Barclays Global Investors for between $12 billion and $13 billion to create a global asset manager twice the size of its nearest rival, people familiar with the matter said.
Jun 09, 2009
Geithner says to streamline regulatory structure
U.S. Treasury Secretary Timothy Geithner said on Tuesday he would soon revamp the country's regulatory system to prevent a repeat of excessive risk-taking that has tipped it into a severe recession.
Jun 09, 2009
U.S. approves 10 banks repaying bailout funds
U.S. officials on Tuesday gave 10 of the nation's biggest banks approval to pay back a combined $68 billion of taxpayer money pumped into them to combat the credit crisis.
Jun 09, 2009
10 Banks given the green light to repay TARP
The U.S. Treasury approved 10 banks to buy back $68 billion of government shares on Tuesday, a first crucial step for banks to be set free from government restrictions.
Jun 09, 2009
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