IBT Staff Reporter

YouTube, the popular online video sharing company, said on Tuesday it will introduce video advertising, its latest step to boost revenue.

A U.S. federal court judge on Tuesday approved a settlement that would let former star technology investment banker Frank Quattrone avoid a third trial for obstructing justice, opening the door for him to resume his career on Wall Street.

SanDisk, the flash memory manufacturer, unveiled on Monday a model with 8gigabytes of storage capacity, enabling it to save up to 2000 songs - twice the capacity of the best-selling Nano.

Cisco Systems will acquire on-demand video software company Arroyo Video Systems for US$92 million the company said Monday afternoon.

U.S. chain store sales were mixed last week, as solid demand for back-to-school items were offset by cooler weather and the end of sales tax holidays, two reports showed on Tuesday.

Sprint Nextel Corp. said on Monday Chief Operating Officer Len Lauer was leaving the company and his responsibilities would be assumed by Chief Executive Gary Forsee amid moves to improve the company's performance after two quarters that disappointed investors.

Ford Motor Co., which is facing mounting pressure to reduce its reliance on gas-guzzling trucks, on Tuesday said it would begin selling a new diesel version of its Super Duty pickup in early 2007.

Closely held YouTube Inc., a video Web site, is expanding the type of advertisements it sells to include videos on its home page and on special advertiser-created pages, the Wall Street Journal reported on Tuesday, citing company executives.

Friendster Inc. said on Monday it received $10 million in new funding to expand abroad and help its pioneering social-networking site survive in a market dominated by younger successors who stole its thunder.

Global sales of liquid crystal display (LCD) TVs jumped 135 percent in the April-June quarter from a year earlier to a record 9.4 million units, led by Philips Electronics with a 13.5 percent share, a research firm said.

Japan's Fuji Photo Film Co. and China's SVA Electron Co. Ltd. will together spend $270 million to make color filters used in liquid-crystal displays, Fuji Photo said on Tuesday.

Software provider Salesforce.com Inc. said on Tuesday that it has acquired start-up Kieden Corp., which helps customers track sales leads generated with online advertisements on Google Inc..

Latest data reveals that Google's market share growth has dropped in July, prompting some observers to question whether the search giant has peaked.

Lowe's, the U.S. market's second largest home improvement retailer, posted a rise in net profit for the second quarter on higher appliances sales but lowered its earnings outlook for the rest of the year.

Bolivian and Brazilian government officials continued negotiations with Guarani Indians who have threatened to seal a gas pipeline between the two countries. Guarani Indians are seeking to gain more control over previously promised investments in both South American countries.

The Reserve Bank of Zimbabwe extended its deadline for the country's currency changeover until Monday, causing chaos throughout the country over the weekend as Zimbabweans went on whirlwind of shopping sprees.

South African financial services company Alexander Forbes confirmed on Monday it has agreed to sell its international risk services unit to Lockton International Holdings for a £67.6 million ($127.5 million).

The United States and the Association of Southeast Asian Nations will sign a deal later this week to boost trade and investment, said Asean on Monday.

AOL's chief technology officer has resigned from the company, according to an internal company memorandum.

Greed and fraud are nothing new, but what has changed is the method. Scammers are increasingly going online to find their next victims in addition to offline efforts to get a quick dollar.

New gasoline-rich crude from Azerbaijan and Russia is blunting the impact of oil attacks in Nigeria this year but the relief will be shortlived as the world's available oil becomes ever more sulphurous.

The retail giant's push for profits with more upscale merchandise puts it on a collision course with Target Corp. the second largest retailer.

U.S. Treasury Secretary Henry Paulson said on Friday that high energy and health care costs were interfering with Americans' ability to feel the benefits of a solidly growing economy.

China's one-child policy has led to an aging population and labor shortages that could undermine a key basis for the country's economic growth, its seemingly endless supply of cheap workers, a newspaper said on Monday.

The surprise timing of China's latest interest rate rise partly reflects political pressure and shows the central bank falls short of the transparency and predictability that are the hallmarks of its rich-country peers.

Employment in Europe appears to be rising in earnest following years of sluggish economic growth when companies either cut staff or shunned new recruits to safeguard profits.

Most Chinese see bribes and kickbacks as an indispensable part of doing business in the country, state media on Monday cited a survey as showing.

EchoStar Communications Corp. won a temporary reprieve on Friday when an appeals court said it could still sell digital video recorders that a lower court had ruled infringed on a TiVo Inc. patent.

Sandisk Corp. is expected to announce product enhancements and price cuts on Monday aimed at attracting interest in its digital music player, which competes with Apple Computer Inc.'s iPod, the Wall Street Journal said in a report that quoted Sandisk's CEO.