IBT Staff Reporter

Bank of America sold about $7.3 billion worth of shares in China Construction Bank , according to media reports, as the struggling U.S. bank seeks to raise money in the financial crisis.

May 12, 2009

Oil prices fell for a second straight day on Tuesday to below $58 a barrel on weaker equities, consolidating after touching a six-month peak last week, as China disappointed markets with a sharp drop in April exports.

May 12, 2009

Citigroup Inc, the bank bailed out with $45 billion of U.S. taxpayers' money, is using almost all of that money to make new loans, the Associated Press said citing a report scheduled for release on Tuesday morning.

May 12, 2009

Asian shares fell for a second straight session on Tuesday as some of the confidence that fueled a rally in stocks to seven-month highs was undermined by reports highlighting economic weakness.

May 12, 2009

Bank of America sold about $7.3 billion worth of shares in China Construction Bank , Bloomberg reported citing two people familiar with the transaction, as the struggling U.S. bank seeks to raise money amid the financial crisis.

May 12, 2009

American International Group Chief Executive Edward Liddy will speak out against criticism of the insurer's employees on Wednesday and talk about the company's future plans, the Wall Street Journal said.

May 12, 2009

Software piracy grew last year, accounting for 41 percent of all PC software installed, with losses to companies estimated at $53 billion, the Business Software Alliance said on Tuesday.

May 12, 2009

Asian shares fell for a second consecutive session on Tuesday as some of the confidence that fueled a recent rally was dampened by reports that highlighted the weakness in the global economy.

May 11, 2009

MBIA Inc , once the largest U.S. bond insurer, reported Monday it had swung to a first-quarter profit after a huge year-earlier loss, sending its shares up 18 percent in after-hours trade.

May 11, 2009

Media mogul David Geffen tried to buy a stake in the New York Times Co from hedge fund Harbinger Capital Partners, but was rejected, a source with knowledge of the matter said on Monday.

May 11, 2009

Oil prices fell for a second straight day on Tuesday, consolidating after touching a six-month peak last week, on weaker equities and a firm dollar.

May 11, 2009

Federal Reserve Chief Ben Bernanke on Monday said that the recently completed stress tests are not all that banks should do to keep track of their risks.

May 11, 2009

Government stress tests of how 19 major banks would endure a sharp downturn in the economy already appear to be helping banks gain access to private capital, a key element in economic recovery, Federal Reserve Chairman Ben Bernanke said on Monday.

May 11, 2009

Cleantech companies received less than half venture capital (VC) investments in the first quarter of 2009, according to an industry analysis, but the industry looks forward for government funds for recovery.

May 11, 2009

The Nikkei average fell 0.7 percent on Tuesday after booking a six-month closing high the previous day, with bank shares such as Mitsubishi UFJ Financial Group taking a breather following sharp gains fueled by optimism about the U.S. banking system.

May 11, 2009

Four large U.S. banks which passed the U.S. government’s economic stress test last week announced plans today to sell up to $6.5 billion in common stock to the public and repurchase preferred stock and warrants issued by the Treasury department under the TARP financial bailout.

May 11, 2009

The U.S. Air Force on Monday said it was working with Lockheed Martin Corp and Boeing Co to harvest for future use any government-owned property or ground stations developed for a canceled satellite communications program.

May 11, 2009

MBIA Inc , once the largest U.S. bond insurer, reported Monday it had swung to a first-quarter profit after a huge year-earlier loss, sending its shares 26 percent higher in after-hours trade.

May 11, 2009

Digital Globe Inc, a satellite image provider, is set to debut on the New York Stock Exchange on Thursday with a planned $250 million IPO offering.

May 11, 2009

The oil giant, Petrobras, on Monday said its first quarter net profits fell 20 percent or $2.83 billion as the global demand in oil slashes in the current economic downturn.

May 11, 2009

(In the final paragraph please correct to read ...seeking to derail the plan, not ...seeking details of the plan, as first sent)

May 11, 2009

Lenovo announces its latest netbook, the Ideapad S10-2 featuring 3G connectivity and, at 1-inch thick and weighing less than 2 pounds, is smaller and lighter than its predecessor, the IdeaPad.

May 11, 2009

Millions of children in Mexico returned to school on Monday to freshly cleaned and disinfected classrooms following more than two weeks of closure caused by the swine flu outbreak.

May 11, 2009

High-profile New York lawyer Marc Dreier pleaded guilty on Monday to criminal charges of running a $400 million investment fraud involving fake promissory notes, and a judge released him into house arrest until sentencing.

May 11, 2009

The United States said Monday that it would provide $4.9 million in emergency aid to help the refugees displaced by the current anti-Taliban offensive in northwest Pakistan.

May 11, 2009

Palm is expected to launch its highly anticipated Palm Pre smart phone on June 7 and it will also be the first major phonemaker to integrate wireless charging into its products

May 11, 2009

Palestinian President Mahmud Abbas asked Prime Minister Salam Fayyad Monday to form a new government including Abbas' Fatah party and left-wing organizations.

May 11, 2009

On Monday, NASA astronauts said they will send tweets you from outer space to answers question and give updates from its space shuttle mission.

May 11, 2009

High-profile New York lawyer Marc Dreier pleaded guilty on Monday to criminal charges of running an investment fraud in the hundreds of millions of dollars involving fake promissory notes.

May 11, 2009