IBT Staff Reporter

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Novo diabetes drug tops older medicine at two years

Novo Nordisk A/S's experimental diabetes drug liraglutide was significantly better at helping patients control blood sugar than an older common medicine after two years of treatment, according to data from a clinical trial.

Fans gather for launch of iPhone killer Palm Pre

Small crowds gathered on Saturday for the official launch of Pre, the smartphone seen as Palm Inc's best chance to claw back market share from Apple Inc's iPhone and Research In Motion Ltd's Blackberry.

Airline execs say industry outlook still grim

Demand for air travel could decline further despite signs of a more stable global economy, and prospects of a recovery this year look slim, industry executives said at a meeting of the world's airlines on Sunday.

China influence to grow faster than most expect: Soros

Financier George Soros said on Sunday that China's global influence is set to grow faster than most people expect, with its isolation from the global financial system and a heavy state role in banking aiding a relatively swift economic recovery.

Investors ask top court to delay Chrysler sale

Indiana pension funds asked the Supreme Court on Sunday to immediately delay the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal.

Airline industry outlook still grim: execs

Demand for air travel could decline further despite signs of a more stable global economy, and prospects of a recovery this year look slim, industry executives said at a meeting of the world's airlines on Sunday.

Air France bodies found and AF 447 flight ticket

The Brazilian Air Force confirmed Saturday evening the recovery of two bodies, a AF 447 flight ticket in a briefcase, and other part of the aircraft's wing among other debris from the Air France crash site.

Canadians angered over Buy American rule

Canadian municipal leaders threatened to retaliate against the Buy America movement in the United States on Saturday, warning trade restrictions will hurt both countries' economies.

Mystery surrounds Kung Fu actor's death

Mystery continued to shroud the death of actor David Carradine on Saturday, with rumor and speculation rife about how the star of 1970s-era U.S. television show Kung Fu met his demise.

U.S. bailout repayment seen bigger than expected: report

The Obama administration is expected to announce next week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the Washington Post reported in its Saturday edition.

U.S. healthcare revamp to require medical coverage

U.S. lawmakers plan far-reaching insurance market reforms, and would require that businesses and individuals purchase medical coverage as they seek to overhaul the U.S. healthcare system, an early draft of Senate legislation said on Saturday.

Bodies, debris retrieved from Air France crash

Brazilian search crews on Saturday retrieved the first bodies from a crashed Air France flight in the Atlantic, and the plane's maker said it had detected faulty speed readings on the same type of jets.

New ministers back Brown but fate uncertain

Prime Minister Gordon Brown, battling to avert the collapse of his government, said on Saturday he would stick to his policies, as his Labour Party faced a European election drubbing.

Two pro-Taliban clerics killed in Pakistan shootout

Two pro-Taliban clerics were killed in a shootout between security forces and militants in northwestern Pakistan Saturday, a day after around 40 people were killed in a suicide attack in a mosque, the military said.

Obama says D-Day saved world from evil

U.S. President Barack Obama paid homage to the heroes of D-Day on Saturday, saying their assault on Normandy's beaches exactly 65 years ago had helped save the world from evil and tyranny.

High-earning green sector workers feel safe in jobs

The economic downturn has claimed the jobs of tens of millions worldwide but most in the thriving climate change sector feel just as safe in their jobs, if not more so, than they did a year ago, a new Reuters survey shows.

Obama marks 65th D-Day anniversary in Normandy

U.S. President Barack Obama on Saturday marked the 65th anniversary of the D-Day landings on France's Normandy beaches, an important World War Two breakthrough in the battle against Nazi Germany.

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