IBT Staff Reporter

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Text of Barack Obama's economic speech

Text of President-elect Barack Obama's speech on the economy on Thursday at George Mason University in Fairfax, Va., as found on Barak Obama's presidential transition website.
Jan 08, 2009

NAACP Image Awards nods led by Beyonce, Hudson and Keys

NACCP Image Awards, created by the oldest US civil rights organization, named singers Beyonce, Alicia Keys and Jennifer Hudson, along with cast of TV comedy Tyler Perry's House of Payne as some of the top nominees on Wednesday.
Jan 08, 2009

French motorcyclist Pascal Terry dies in Dakar race

Early Wednesday, French motorcyclist Pascal Terry was found dead in in the Dakar Rally in Argentina in an area of dense vegetation, about 50 feet from his motorcycle, with food and water beside him without his helmet.
Jan 08, 2009

Market shocked by Satyam fraud admission

Mumbai - The market reacted with shock, Wednesday, after the promoters of beleaguered technology outsourcer Satyam Computer Services admitted to cooking up its books to the tune of $ 1 billion.
Jan 08, 2009

Ukraine conditions set

Ukraine has set its conditions with natural gas chief saying if Russia will provide more extra Gas to Ukraine it will allow Russia to send the fuel back into the freezing European Union.
Jan 08, 2009

Wal-Mart predicts lower profit due to economic crisis

Wal-Mart Inc., the world's top retail chain, said on Thursday its fourth-quarter profit will miss earlier forecasts due to slower sales, the impact of a strong dollar on its international business and litigation costs.
Jan 08, 2009

Stars light up D.C. ahead of Obama inauguration

The stars, including Jay Z, Bruce Springsteen and Jessica Alba will be out in shows around Washington D.C. in the days leading up to the inauguration of Barack Obama as U.S. President.
Jan 08, 2009

Vizio HDTVs Get Netflix

Netflix Inc the world's largest online movie rental service announced today a deal with Vizio will allow viewers to watch high definition television's through Vizio's new Connected HDTV Platform.
Jan 08, 2009

Sony goes thin with new 8-inch notebook

Sony unveiled the VAIO P Series Lifestyle PC, boasting that it is the world's lightest notebook with an 8-inch screen and weighing just 1.4 pounds at the Consumer Electronics Show in Las Vegas Wednesday.
Jan 08, 2009

Retailers announce dismal December sales

Major retailers reported dismal monthly sales for December on Thursday, with Wal-Mart Inc, the nation's biggest retailer, showing a disappointing 1.7 percent rise in December sales at its US stores open at least a year and cut its quarterly earnings outlook.
Jan 08, 2009

Investors sue Satyam on colossal fraud, CEO missing

Investors filed lawsuits against Indian Satyam Computer Services on Thursday one day after the company's CEO resigned and confessed to manipulating the company's accounts to show enormously inflated profits and false assets.
Jan 08, 2009

Lebanon militants attack Israel amid intense Gaza campaign

Lebanese militants fired at least three rockets into Israel early Thursday as the Israeli air force intensified its operations in the Gaza Strip. The rockets exploded near the city of Nahariya wounding two people, Israeli police and emergency medical services said.
Jan 08, 2009

Bank of England cuts interest rates to lowest ever

The Bank of England cut interest rates by half a percentage point to 1.5 percent on Thursday - its lowest rate since the bank was created in 1694 - as it aims to stave it off a deeper economic slump.
Jan 08, 2009

Obama: Dramatic action is needed for economy

President-elect Barack Obama is warning that without bold action the nation's recession could linger for years as seeks support among lawmakers and the general public for a massive fiscal stimulus package.
Jan 08, 2009

Microsoft Windows 7 Set for Launch

Microsoft Corp., CEO Steve Ballmer announced Wednesday evening the company will release a test version of Windows 7 on Friday to consumers, a product which he called the best version of Windows ever at the 2009 International Consumer Electronic Show in Las Vegas.
Jan 08, 2009

Russia-Ukraine Deadlocked in Gas Supply Talks

Russian and Ukrainian state gas companies failed to reach an agreement on gas prices during negotiations as of early Thursday to resume shipment in supplies into Europe after a two day standoff.
Jan 08, 2009

Skier is left hanging half undressed

A 48-year-old skier was left hanging upside down, half naked on a chair lift at the Blue Sky Basin at the Vail Ski Resort in Vail, Colorado, on Tuesday.
Jan 07, 2009

Oakland A's Jason Giambi is welcomed back

Jason Giambi returns to Oakland Athletics his professional baseball root, signing a one-year deal with the club where he won the Most Valuable Player award (1995-2001). Terms of the agreement include a one-year contract for the 2009 season, plus a club option for 2010. To clear a spot on the 40-man roster, the A's designated infielder Joe Dillon for assignment.
Jan 07, 2009

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