IBT Staff Reporter

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Lenovo Announces Netbook Ideapad S10-2 with 3G

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.

Schools in Mexico re-open

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.

NY lawyer Dreier pleads guilty to $400 million fraud

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.

U.S. provides $4.9M for Pakistan refugees

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.

Ackman says Target proxy not about him

Hedge fund manager William Ackman introduced shareholders on Monday to his five nominees for the Target Corp board, promising their expertise could make the retailer a better company.

Robot takes over Tokyo classroom

Saya the teacher doesn't mind being poked or pinched, or if the students play in class: she's an android designed to show children that science and technology can be fun subjects.

Aerojets engine to launch of STS-125

GenCorp’s Aerojet on Monday said it has launched the last STS-125 Spaced Shuttle Atlantis mission with its engines to service Hubble Space telescope and will be used for landing.

Will Miss California lose her crown?

For the time being, Miss California, Carrie Prejean will be keeping her crown but not her duties as, according to pageant organizers, has violated her contract. Her fate is expected to be announced on Tuesday by Miss USA owner Donald Trump.

Villeroy & Boch Unveils New Design-Forward Bath and Wellness Products

With La Belle, Villeroy & Boch offers a premium product that displays a strong trend towards modern interpretation of classics from previous eras. The design of the collection incorporates romantic style elements such as curved ornaments and blossom tendrils, yet displays them in a contemporary manner.

Gulf economies to shrink in face of global crisis

The International Monetary Fund slashed its 2009 economic growth forecast for the Gulf region by more than half to 1.3 percent as the three largest oil-exporting economies, including Saudi Arabia, shrink in a global slowdown.

Pentagon replaces top Afghanistan commander

U.S. Defense Secretary Robert Gates on Monday replaced the top U.S. and NATO commander in Afghanistan and picked a former special forces commander to oversee President Barack Obama's military strategy against a growing Taliban insurgency.

GM exit from the Dow looking more likely

The potential for changes in the blue-chip Dow Jones industrial average remains high, according to the head of the index's oversight committee, the same day the head of General Motors said bankruptcy had become more likely.

New credit card bill expected to pass this week

Consumers in debt can be given the chance to regain their older, lower rates if they pay their bills on time for six months, a compromise reached by lawmakers seeking changes in federal law governing the credit card industry.

Wall Street drops on profit-taking

Stocks fell on Monday as investors booked profits in financials after a two-month run-up and news of several banks' share offerings heightened worries about their dilutive impact on current shareholders.

Mexican H1N1 flu spreads easily: study

The new strain of H1N1 flu that has killed 56 people in Mexico and has been carried around the world by travelers acts more like a pandemic strain than regular seasonal flu, researchers reported on Monday.

New flu not quite a pandemic yet: WHO

The new H1N1 virus shows no signs of sustained person-to-person spread outside of North America and so has not yet tipped over into a pandemic, a top World Health Organization official said on Monday.

Big U.S. banks selling stock to repay government

Four big U.S. banks on Monday said they would sell $6.55 billion of common stock and repay funds from the government's bank bailout program, after federal stress tests showed they can weather a deep recession without new capital.

U.S. Labour Market Surprises, Pleasantly

The U.S. economy shed a further 539K jobs in April, bringing the number of jobs lost since the turn in labour market conditions in January last year to 5.6 million. On the positive side, this was the slowest pace of monthly job losses since October last year.

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