IBT Staff Reporter

New Century Financial Corp. (OTC: NEWC) one of the largest companies offering subprime loans, disclosed Tuesday that it will no longer be allowed to sell mortgage loans directly to Fannie Mae or act as the primary servicer of any mortgage loans for the financier.

American workers shouldn't count on making up for inadequate savings by planning to work into their retirement years, since such plans are often doomed by unexpected health problems, Fidelity Investments said Monday in releasing findings of a retirement planning survey.

Major delays to Airbus' A380 superjumbo that led to a euro768 million ($1.01 billion) fourth-quarter loss made 2006 the worst year in European plane builder EADS NV's history, the co-chief executive officer said Friday.

Verizon Communications, Inc. (NYSE: VZ) said Thursday that its FiOS television and consumer broadband customers will have access to user-generated videos from Revver, a marketplace for viral videos.

The Walt Disney Co. said Thursday it will expand its successful Disney Cruise Line business by adding two new ships which could launch by 2011 and 2012.

The three-week worker strike against motorcycle maker Harley-Davidson, Inc. (NYSE: HOG) at its largest plant is over, as union workers ratified a new 3-year contract on Thursday.

Among the five Academy Award directing nominees, one name seems to be on everyone's lips: Martin Scorsese.

Cisco Systems, Inc.and Apple, Inc. said Wednesday that they have decided set aside legal hostilities in order to share the 'iPhone' trademark worldwide. They will explore opportunities for 'interoperability' in the areas of security, and consumer and enterprise communications.

January U.S. sales of Nintendo Co. Ltd.'s Wii video game system soared past consoles from rivals Sony Corp. and Microsoft Corp., according to the latest sales figures.

AT&T, Inc. (NYSE: T) said Wednesday that it has gained one of its largest contracts ever, a nearly $1 billion global networking agreement with General Motors (NYSE: GM).

Google Inc. (NASDAQ: GOOG) maintained its search dominance for the month of January, however its share growth appears to be slowing, according to Wall Street analysts.

Cisco Systems, Inc. (Nasdaq: CSCO) said Wednesday it will acquire Reactivity, Inc., a specialized network hardware provider, for $135 million in cash.

Amid lawmaker and public concern, Payday lenders will introduce new policies to offer customers extra time to pay off loans and inform them about how to use their short term loans responsibly.

Shares of technology company Hewlett-Packard (NYSE: HPQ) fell Wednesday, a day after the firm gave a mild forecast for its upcoming quarter.

JetBlue Airways Corp. said Wednesday that it expects its operations will post a loss for the current quarter due to service disruptions which took place during last week's ice storm in New York.

Apple Inc. (Nasdaq: AAPL) rallied on Wednesday after Prudential Equity Group raised its earnings estimate for the firm's current quarter, expecting strong computer sales as well as cheaper parts.

While online office software is still in its infancy, new research released today reveals that the world's number 1 search provider, Google Inc. (NASDAQ: GOOG), also led the market as the top provider of Web-based productivity tools for the last three months of 2006.

With the demand for computing power exploding among the distributors of media rich Internet content, some analysts believe Sun (Nasdaq: SUNW) is poised for a rebound in demand following five years in the wilderness.

Advanced Micro Devices (NYSE: AMD)introduced a slew of new consumer-level processors on Tuesday, including two new low-power chips, and its highest performing dual-core processor to date.

German enterprise software company SAP AG (NYSE: SAP) said Tuesday that it has acquired the privately held analytical tools firm Pilot Software.

Shares of air carrier JetBlue (NASDAQ: JBLU) fell on Tuesday, in the aftermath of a week of weather related delays and self-admitted deficiencies in its response plans. The company expects from $20 million to $30 million in losses as a result.

Shares of Sirius Satellite Radio Inc. (NASDAQ: SIRI) and XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) jumped on Tuesday after a proposed all-stock merger between the companies.

E-Trade Financial (Nasdaq: ETFC) announced the launch of a global trading platform on Tuesday to provide its retail investors with online access to foreign markets for the first time.

Media giant Viacom Inc (NYSE: VIA) said on Tuesday that it will partner with the much-hyped Joost Internet video service created by the founders of Skype.

As debate continues in some cities around the country, Morris Communications' regional subsidiary Fairway Outdoor Advertising unveiled its first digital billboard in South Carolina.

New research looking into the networking and telecommunications industries reveals that worldwide sales of optical transport equipment reached the highest level in 5 years during the fourth quarter of 2006.

Microsoft Corp. released an update to its SQL server software on Monday, marking the second major update the software giant issued for its enterprise grade database.

Chinese computer maker, Lenovo, said today that it has hired a new vice president of Cultural Integration and Diversity.

Microsoft announced a collaboration between three-time NBA All-Star forward LeBron James of the Cleveland Cavaliers, and its own MSN Internet sites to launch a new site for kids and teens.