Walt Disney Co has struck a deal to sell Miramax, the studio behind such films as Trainspotting and No Country for Old Men, for more than $660 million to a group that includes construction magnate Ron Tutor and investment firm Colony Capital LLC.
IBT Staff Reporter
Jul 30, 2010
U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
IBT Staff Reporter
Jul 30, 2010
Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
IBT Staff Reporter
Jul 30, 2010
U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
IBT Staff Reporter
Jul 30, 2010
New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military.
IBT Staff Reporter
Jul 30, 2010
Aon Corp , the world's largest insurance brokerage, reported a market-beating quarterly profit, driven by recent acquisitions that offset a drop in commissions.
IBT Staff Reporter
Jul 30, 2010
Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter.
IBT Staff Reporter
Jul 30, 2010
Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees.
IBT Staff Reporter
Jul 30, 2010
Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.
IBT Staff Reporter
Jul 30, 2010
Consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey released on Friday showed.
IBT Staff Reporter
Jul 30, 2010
China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.
IBT Staff Reporter
Jul 30, 2010
St. Louis Federal Reserve Bank President James Bullard on Friday said there is unanimity among officials on the central bank's policy-setting panel over providing more support to the economy if the recovery suffers a serious setback.
IBT Staff Reporter
Jul 30, 2010
Dear Sam: I have proven I can step into any role and excel. With my job search lasting for 9 months now, I really need a job and am willing to do anything. How do I make my résumé reflect that I can do almost anything?
IBT Staff Reporter
Jul 30, 2010
Economic growth likely slowed in the second quarter as a capital investment drive by businesses was sated by imports and consumer spending tapered off, a government report is expected to show on Friday.
IBT Staff Reporter
Jul 30, 2010
Walt Disney Co has sold film studio Miramax for more than $660 million to Filmyard Holdings LLC, ending months of talks between the media group and various bidders.
IBT Staff Reporter
Jul 30, 2010
Goldman Sachs is interested in taking over Slovenia's largest bank Nova Ljubljanska Banka , daily paper Finance reported on Friday, citing unofficial government sources.
IBT Staff Reporter
Jul 30, 2010
The dollar fell to an eight-month low against the yen on Friday while European and Asian shares slipped on worries U.S. growth data due later in the day may show the world's biggest economy is losing steam.
IBT Staff Reporter
Jul 30, 2010
Japan's Nomura Holdings Inc and Australia's Macquarie painted a bleak picture of Asia's investment banking industry, citing a dearth of deals and frail markets.
IBT Staff Reporter
Jul 30, 2010
St. Louis Federal Reserve Bank President James Bullard said the risk of deflation in the United States has risen somewhat compared with the beginning of this year, the Nikkei newspaper reported.
IBT Staff Reporter
Jul 29, 2010
Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
IBT Staff Reporter
Jul 29, 2010
Navigation technology company TeleNav Inc warned that a contract renegotiation with its largest customer could lead to a fall in revenue, sending its shares down 16 percent in extended trade.
IBT Staff Reporter
Jul 29, 2010
The Securities and Exchange Commission charged the billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors.
IBT Staff Reporter
Jul 29, 2010
A global accounting standard setter proposed a new rule for insurers on Friday, aiming to shine a light on a sector criticized by investors for being a black box that keeps them in the dark.
IBT Staff Reporter
Jul 29, 2010
MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad.
IBT Staff Reporter
Jul 29, 2010
BNP Paribas SA has hired former Bank of America Corp executive Chris Innes to head equity sales for the Americas in New York, a person familiar with the matter said.
IBT Staff Reporter
Jul 29, 2010
Google Inc said on Friday the firm's report that web searches in China were being blocked could have been the result of its own technical glitch that overstated the problem.
IBT Staff Reporter
Jul 29, 2010
Online travel agency Expedia Inc on Thursday reported a higher-than-expected profit as travel bookings rose, boosting its shares 2 percent.
IBT Staff Reporter
Jul 29, 2010
Quest Software Inc posted a better-than-expected quarterly profit, helped by a 25 percent jump in license revenue, sending its shares up 6 percent in extended trade.
IBT Staff Reporter
Jul 29, 2010
(Corrects value in second sub-head to $40 bln, not $40 mln)
IBT Staff Reporter
Jul 29, 2010
The Justice Department said on Thursday it sued Oracle Corp, alleging it defrauded the federal government on a software contract in effect from 1998 to 2006 that involved hundreds of millions of dollars in sales.
IBT Staff Reporter
Jul 29, 2010
