IBT Staff Reporter

Qimonda AG, the DRAM spin-off of Germany's Infineon Technologies AG, raised $546 million in initial public offering (IPO) on Tuesday, cutting the size of the planned sale by half.

Sprint Nextel Corp. said on Thursday that it had secured a $1 million settlement from 1st Source Information Specialists in its case against the company related to the sale of call detail records.

MTV Networks, a division of Viacom, has agreed to purchase online media company Atom Entertainment for $200 million on Wednesday.

General Motors Corp. on Thursday said it would build a revived version of the Camaro muscle car to go on sale in early 2009.

Cocoa pods are swelling on the trees as Ivory Coast nears the start of another lucrative crop, but farmer Drissa Zoungrana feels only despair.

The U.S. economy will grow at a sluggish pace for the remainder of this year and into 2007 as the worst of inflationary pressure is yet to come, a survey of top forecasters showed on Thursday.

The profit-oriented market economy is seen working against Beijing's plan to reduce aluminum capacity in China.

Alltel Corp. said on Thursday it is starting to offer cellphone customers radio channels from XM Satellite Radio Holdings Inc. as part of a bid to boost revenue with new services.

Motorola, the top cell-phone provider in the United States, saw its market share increase in the second quarter, with growth nearly three times its larger rival, Nokia.

According to latest industry research, half of all U.S internet users visited news websites in June 2006, demonstrating consumers' reliance on the Web as a source for news information.

Corporate network storage company Brocade agreed to buy rival McData in a $713 million stock deal on Tuesday, putting it in better position to compete against industry giant Cisco Systems.

Apple Computer, manufacturer of hardware and software products, launched the Summer of Music campaign across various cities of Japan on Wednesday, offering free music, collectables, and live performances.

People are so obsessed with diamonds in Sierra Leone, they overlook the value and abundance of this gold, Aiah Lebbie, chief of Nimikkor chiefdom in Sierra Leone's eastern province said.

When Chinese investors bought struggling copper producer Chambishi Mining Plc, miners in this Zambian town gave them a heroes' welcome for averting its closure and for creating more jobs.

Cuba's Communist government has signaled a crackdown on the use of black-market satellite dishes, just over a week after ailing leader Fidel Castro temporarily relinquished power to his brother.

Cisco Systems' buoyant sales outlook helped pull U.S. stock market futures higher on Wednesday, offsetting the last session's downturn after the Federal Reserve signaled a pause rather than end to interest-rate hikes and after another warning in the home building sector.

U.S. mortgage applications rose for the first time in four weeks as long-term home loan interest rates plunged to their lowest levels since March, data from the industry's main trade group showed on Wednesday.

The University of California is joining Google Inc.'s book-scanning project, throwing the weight of another 100 academic libraries behind an ambitious venture that's under legal attack for alleged copyright infringement.

The good times in the $850 billion U.S. junk bond market may be at risk of winding down as the economy slows, leveraged buyouts get bigger and an increasing amount of bond supply looms.

Internet portal Yahoo Inc. released a Search Builder tool for creating customized search engines, rivaling many search upstarts, on Monday

Computer storage firm Brocade Communication Systems Inc. announced on Tuesday that it would acquire its rival McData under a stock agreement.

BHP declared on Tuesday that delivery from its copper mines in Chile had come to a halt due to a walkout staged by over 2,000 union workers.

Brocade Communications Systems Inc. said on Tuesday it would buy rival McData Corp. in a $713 million stock deal, bolstering its line of data storage networks to compete against Cisco Systems Inc.

Singita Private Game Reserve has been voted as the best hotel in the world. The city that it is located in, Cape Town, has been ranked as one of the top 10 cities, according to an Internet survey conducted by Travel & Leisure Magazine.

Bausch & Lomb announced on Tuesday that it had reduced its net profit guidance by as much as 80 percent, blaming the downgrade on a worldwide recall of its eye-care contact lens cleaner.

Shares of oil tanker companies that operate between the U.S. and the Middle East rose sharply on Tuesday after news broke that production out of Alaska's Prudhoe Bay may not normalize until 2007.

Resource Company BHP Billiton said on Tuesday it foresees great potential for a large discovery of diamonds in Angola as well as forming a partnership with the government.

Bob Dylan has teamed with Apple's iTunes Music Store to offer fans who pre-order his new album through the retailer first crack at tickets for shows on his fall tour.

Anadarko Petroleum received clearance from federal regulators on Tuesday to take over Western Gas Resources Inc.