IBT Staff Reporter

153481-153510 (out of 154955)

US existing home sales slip in August

Sales of US existing homes in the last month likely fell to the lowest level in more than two years, according to a Reuters poll and National Association of Realtors data.

Japanese Expert Balks at Sony's PS3 Price Cuts

Sony Corp. said Friday it will slash the price of its much-anticipated PlayStation 3 video game console in Japan by 20 percent, a decision deemed ridiculous by a Japanese financial expert.

Microsoft Poses Threat to Apple's iTV

Apple heralded its official entry into the PC/TV convergence space with the announcement of the company's future iTV product in San Francisco last week, however it may face stiff competition from software giant, Microsoft Corp.

HP's CEO Knew of Fake E-mail in Leak Probe

Speaking out for the first time publicly about the growing HP leak probe scandal, the company's CEO, Mark Hurd said on Friday that he knew a fake e-mail was sent to a journalist in an effort to root out the source of leaks at the firm.

Adobe Showcases New Acrobat 8 Features

Following the announcement of Adobe's next generation Acrobat software last Friday, the San Jose Calif.-based company showcased upcoming features and developments at several industry events, giving consumers and investors a look at its anticipated software.

BP to Re-start Part of Prudhoe Bay

BP Exploration said on Friday it will re-start production in a portion of the Eastern Operating Area of Prudhoe Bay following its earlier shutdown in August this year.

World Bank Bird-Flu Grant

The World Bank said on Friday it has approved a $13 million grant to reduce avian influenza threats on poultry in the West Bank and Gaza.

Illegal Music Outweighs iTunes Purchases: Report

Apple Computer revamped its online media store, iTunes, last week, adding over 75 movies from four major Hollywood studios. However, a recent study indicates that the large following of iPod users, only a fraction obtain media from iTunes.

JetBlue Shares Fall on Lower Outlook

Shares in JetBlue Airways Corp. fell on Friday after the discount carrier lowered its earnings forecast amid weaker demand.JetBlue was the latest U.S. airline to highlight softening demand because of security concerns and a seasonal drop-off in traffic.

July domestic exports up 20.8%

July saw the volume of total goods exports increase 11.6% on the same month last year while that of total goods imports rose 9.5%

ICBC lauches its IPO

Industrial & Commercial Bank of China, the largest lender of mainland, will launch its initial public offer and become the first one offering the listing.......

Coles plan may have scared off predators

Coles Myer's bold five year strategy that includes job cuts, brand integration, supply chain upgrades and hypermarkets may have scared off any potential predators, retail analysts said.

Souls Private Equity boosts profit

Souls Private Equity Ltd believes its current portfolio of 15 small to medium sized enterprises (SME) is well placed for continuing growth, after the group posted a rise in annual earnings.

Straits Resources 'plans $400m IPO'

Australia's Straits Resources Ltd plans to sell some of its Asian energy and trading assets in an initial public offering of around $US400 million ($A529 million) in Singapore in the fourth quarter, sources close to the deal said.

BluGlass starts strongly on ASX debut

BluGlass Ltd will focus on proving that its technology to cut the cost of manufacturing gallium nitride is commercially viable after making a strong debut on the Australian Stock Exchange.

MSN Messenger Virus Targets Bank Data

A new virus that targets users of Microsoft's MSN Messenger program has been identified by researchers, threatening to steal users banking and personal data.

Japan, 6 Gulf nations hold FTA talks

Japan and six Gulf nations comprising the Gulf Cooperation Council began to discuss their bilateral free trade agreement during the first round of talks in Tokyo, Japanese Foreign Ministry said on Friday.

Plexus to Expand Production in Malaysia

Plexus Corp., an electronic manufacturing services company, said on Friday that talks have begun to purchase an additional manufacturing facility in Malaysia in order to meet the demands of its customers.

HP's Dunn Resigns from Board

Hewlett Packard chief executive Mark Hurd said Friday that he is taking over as the company's chairman effective immediately, replacing Patricia Dunn, who was at the center of the company's spying scandal.

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