IBT Staff Reporter

Berkshire Hathaway Inc, the investment firm led by billionaire investor Warren Buffett divested its remaining stake in utility firm Constellation Energy Group Inc. after refusing to enter a bidding war for the firm.

Jun 01, 2009

Exxon Mobil Corp, the world’s largest traded oil and natural gas company, is keeping fossil fuels as part of its primary strategy for the near term despite a growing U.S. government push for alternative energy sources with less impact on climate change, the company’s chief executive said recently.

Jun 01, 2009

DENVER - The surviving members of the Beatles unveiled new details about their upcoming Rock Band videogame at the E3 videogame conference in Los Angeles.

Jun 01, 2009

Cisco Systems Inc announced on Monday its inclusion in the Dow Jones Industrial Average, replacing General Motor Corp which filed for bankruptcy in the morning, effective on June 8.

Jun 01, 2009

JPMorgan Chase & Co and American Express Co on Monday announced plans to sell $5.5 billion of common stock, hoping to position themselves to quickly repay funds from the government's bank bailout plan.

Jun 01, 2009

Visitors to the Big Apple will be able to scope out some of the city's famous sites that have been featured in films and television shows with free podcasts unveiled by the city on Monday.

Jun 01, 2009

The free trade talks between the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) have been stalled after two years of talks.

Jun 01, 2009

President Obama said on Monday that the U.S. government has no interest in running General Motors although tax-payers will own a majority of the strugling company after it emerges from bankruptcy.

Jun 01, 2009

U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.

Jun 01, 2009

California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.

Jun 01, 2009

The largest U.S. banks seeking permission to re-pay the government aid received will have to meet some conditions the Federal Reserve said on Monday.

Jun 01, 2009

The U.S. manufacturing sector showed improvement in May, contracting at a slower rate for the fifth straight month, while consumer spending slipped only slightly in April, according to reports Monday that offered more proof the deep recession is losing its bite.

Jun 01, 2009

Networking giant Cisco Systems on Monday introduced new IP phones and expanded opportunities for channel partners to sell Cisco TelePresence systems and licenses.

Jun 01, 2009

JPMorgan Chase & Co said on Monday it plans to raise $5 billion of common equity, which it said will enable it to repay this month the $25 billion it took from the government's bank bailout plan.

Jun 01, 2009

So what happened to Air France Flight 447? It is early and speculation at this juncture is often wildly wrong. And remember, there are usually several factors that conspire to bring an airliner down.

Jun 01, 2009

On June 1, Microsoft Corp. together with Merck & Co. Inc has signed an agreement to acquire certain assets of Rosetta Biosoftware, a business unit of Rosetta Inpharmatics LLC.

Jun 01, 2009

U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.

Jun 01, 2009

An Air France plane with 228 people on board was presumed to have crashed into the Atlantic Ocean on Monday after hitting stormy weather during a flight from Rio de Janeiro to Paris.

Jun 01, 2009

Oracle has extended its Oracle Identity Manager capabilities which includes a new Segregation of Duties (SoD) integration architecture that provides complete, hot-pluggable support for all leading SoD engines.

Jun 01, 2009

Cinedigm said on Monday it will host the first live, virtual question-and-answer session between a film's cast in one location and audiences in separate theaters to show off a new way that digitally equipped cinemas can lure audiences.

Jun 01, 2009

British singing sensation Susan Boyle was admitted to a London clinic suffering from emotional exhaustion after being beaten in the final of the Britain's Got Talent TV contest, judges on the show said on Monday.

Jun 01, 2009

Foundation Coal settles litigation with ArcelorMittal Foundation Coal Holdings, Inc on Monday said it has reached its settlement agreement ending litigation with the world’s largest steelmaker ArcelorMittal after it had acquired by Alpha Natural Resources Inc for $1.5 billion.

Jun 01, 2009

Adobe's new Flash Catalyst, Builder gives edge to Designers and Developers

Jun 01, 2009

The Walt Disney Co on Monday said it closed an $18 million deal to buy several Web sites from Kaboose Inc as part of a long-standing effort to beef up its Web presence and advertising muscle among parents, especially mothers.

Jun 01, 2009

Delphi Corp said on Monday it has reached a deal to sell most of its global operations to private equity firm Platinum Equity, allowing the car parts supplier to emerge from Chapter 11 bankruptcy protection.

Jun 01, 2009

DirecTV Group Inc Chief Executive Chase Carey might return to News Corp to succeed the media conglomerate's departing No. 2 executive, Peter Chernin, several news outlets reported on Sunday.

Jun 01, 2009

President Barack Obama said Monday the bankruptcy of GM was a “painful” yet necessary step to ensure the company’s survival.

Jun 01, 2009

The interactive videogame industry's biggest convention in Los Angeles promising a return to its glitzy past, but on the heels of weak sales and the slumping economy, the future of this fun and games business is no laughing matter.

Jun 01, 2009

Morgan Stanley and Citigroup Inc have started their retail brokerage joint venture at least a month ahead of schedule, but have already lost more than 1,500 brokers.

Jun 01, 2009