IBT Staff Reporter

Widely used methods of automated forecasting for production and inventory control contribute to the severity of recessions. We describe an approach to forecasting that should reduce the damage caused by the use of current statistical packages when encountering a substantial change in business conditions.

Mar 13, 2009

NASA said there is a high probability of sending its shuttle Discovery to the international space station on Sunday after delaying it for over a month while they fixed a fuel leak.

Mar 13, 2009

Surfers on the Internet are at increasing risk from governments and corporations tracking the sites they visit to build up a picture of their activities, the founder of the World Wide Web said on Friday.

Mar 13, 2009

Mikhail Fridman has won some of the fiercest battles in Russia's corporate history but his five-year row with Norway's Telenor comes to a head on foreign soil, as his fortune shrinks in the global downturn.

Mar 13, 2009

Bank of America Corp investor Jerry Finger and his family is calling on other shareholders to vote to replace Chief Executive Kenneth Lewis as chairman of the board.

Mar 13, 2009

Oil fell $1 on Friday to below $46 as the stock market dropped and traders awaited OPEC's meeting this weekend.

Mar 13, 2009

New York State Supreme Court Justice Bernard Fried said at the end of a hearing on Friday that he would issue a ruling within the next week in a legal tussle between New York Attorney General Andrew Cuomo and Bank of America Corp , which bought Merrill on January 1. The judge will rule whether the names of 200 top bonus earners at Merrill Lynch & Co should be kept confidential.

Mar 13, 2009

NEW YORK - U.S. stocks fell on Friday as uncertainty about how the government will help clean up bank balance sheets tempered earlier optimism and hurt financial shares, while large-cap techs weighed.

Mar 13, 2009

Switzerland, Austria and Luxembourg offered to relax strict bank secrecy in some tax evasion cases on Friday in a response to a global crackdown on tax havens that is rattling the offshore banking industry.

Mar 13, 2009

U.S. stocks fell on Friday as uncertainty about how the government will help clean up bank balance sheets tempered earlier optimism and hurt financial shares, while large-cap techs weighed.

Mar 13, 2009

Top White House economic adviser Lawrence Summers on Friday called for the United States to lead a global effort to improve regulatory standards and warned against allowing regulators to compete against one another.

Mar 13, 2009

Stocks fell in choppy trade on Friday as financial shares retreated and a drop in big-cap technology shares derailed Wall Street's attempt to notch up a fourth straight day of gains.

Mar 13, 2009

A judge said he expects to rule by the end of next week on whether the names of top bonus recipients at Merrill Lynch & Co should remain confidential.

Mar 13, 2009

Switzerland, Austria and Luxembourg offered to relax strict bank secrecy in some tax evasion cases on Friday in a response to a global crackdown on tax havens that is rattling the offshore banking industry.

Mar 13, 2009

Billionaire investor Warren Buffett saw his net worth plunge 40 percent in 2008 as his holdings tumbled along with the rest of the market. Meanwhile, his annual salary remained $100,000 for the 28th straight year.

Mar 13, 2009

U.S. consumers' mood grew less grim in March, according to a survey released on Friday, while the latest figures showed the U.S. trade deficit narrowed in January to its smallest in more than six years.

Mar 13, 2009

Hong Kong shares jumped 4.4 percent in its fourth day of gains on Friday, leading the main index to its best weekly rise in a month and a half, with China stocks outperforming as investors continued to cheer hints of economic recovery in the mainland.

Mar 13, 2009

From the fire of the festival to the lure of literature, the island of Ireland boasts a rich tapestry of arts, cultural activities, best sounds of music and nature's best friend, fascinating heritage...

Mar 13, 2009

The Dow and the S&P 500 stock indexes rose for a fourth straight day on Friday after Citigroup said it did not need any more government aid, bolstering hopes that stabilization is returning to banking.

Mar 13, 2009

Mints around the world say demand for gold coins has risen sharply as interest in the precious metal soars on the back of financial instability and concerns over the inflation outlook.

Mar 13, 2009

Clothing maker American Apparel Inc said on Friday that it got about $80 million in financing from British private equity firm Lion Capital LLP.

Mar 13, 2009

Pakistan's year-old civilian government sought a compromise to appease opposition leaders and a lawyers movement on Friday as police detained hundreds of activists in a bid to stifle a nationwide protest.

Mar 13, 2009

New York State Attorney General Andrew Cuomo, Rep. Barney Frank and other lawmakers are discussing a plan to link executive pay to the long-term performance of companies, the Wall Street Journal said.

Mar 13, 2009

Premier Wen Jiabao said on Friday China was open to holding more talks with envoys for the Dalai Lama as long as the exiled Tibetan spiritual leader renounces what Beijing describes as separat

Mar 13, 2009

Developing countries miss out on tax receipts worth more than the billions of dollars in foreign aid they receive because their own nationals put cash in offshore tax havens, British charity Oxfam said on Friday.

Mar 13, 2009

PESHAWAR, Pakistan (Reuters) - Taliban militants recovered 24 bodies and were searching for more on Friday, hours after suspected U.S. drones destroyed a camp in Pakistan's northwestern region, militants and officials said.

Mar 13, 2009

Britain's main suspect in the London murder of dissident Alexander Litvinenko is likely to run for mayor in the Russian city hosting the 2014 Winter Olympics, according to an announcement by his party on Friday.

Mar 13, 2009

Consumer products group Unilever has set the size of a planned five-year bond at 350 million pounds ($485 million), an official at one of the banks managing the sale said on Friday.

Mar 13, 2009

Japan said on Friday it could shoot down any threatening object falling toward its territory, after North Korea said a planned rocket launch would send it across Japanese territory.

Mar 13, 2009