IBT Staff Reporter

40741-40770 (out of 154943)

Goldman banker always stuck to principles: former teacher

Greg Smith was a principled and competitive student, the kind of person whose strong sense of right and wrong probably pushed him to resign from Goldman Sachs in a scathing letter to an international newspaper, his former teacher and coach said.

BBC chief plans iTunes-style TV download service

BBC Director General Mark Thompson announced proposals for an iTunes-style download service that would allow viewers to permanently download their favorite programs minutes after they have been broadcast for a fee.

Shares climb as data point to economic growth

Stocks edged higher on Thursday, putting the benchmark S&P 500 index on track for its sixth advance in the last seven sessions as a round of economic data pointed to a slowly improving domestic economy.

Departing Goldman banker slams rip-off culture

Goldman Sachs faced an unprecedented assault from one of its own on Wednesday after a banker published a withering resignation letter in the New York Times, calling the Wall Street titan a toxic place where managing directors referred to their own clients as muppets.

Jobless claims back at four-year lows

The number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing in the Northeast held up in March, providing more signs the economy was firmly on a self-sustaining growth path.

Greek jobless rate hits new record in Q4

Greece's jobless rate rose to a fresh quarterly record of 20.7 percent in the last three months of 2011, reflecting the country's deep economic malaise, exacerbated by austerity to repair public finances and emerge from a debt crisis.

Russia to sell $6 billion stake in Sberbank

Russia's biggest lender Sberbank plans to start a roadshow for the sale of a $6 billion government stake on April 16, in a move that underscores its arrival as a major player in a European industry decimated by the global financial crisis.

UBS highest-paid banker is U.S. brokerage head

UBS paid U.S. brokerage chief Robert McCann nearly 9.2 million Swiss francs ($9.9 million) overall last year, with the executive usurping investment banking head Carsten Kengeter as the Swiss bank's highest earner.

Shares, dollar near highs on bright outlook

European shares traded near eight-month highs on Thursday as a brighter global economic outlook fuelled investor risk appetite, underpinning the dollar and reducing the appeal of safe-haven government debt.

Growth hopes underpin shares, dollar

European shares opened near five-month highs as a brighter global economic outlook fuelled investor risk appetite, underpinning the dollar and reducing the appeal of safe-haven government debt.

Cisco to buy NDS for $5 billion: Israeli report

NDS, which develops software for multi-channel television networks, is in advanced talks to be acquired by Cisco Systems for $5 billion, Israel's Calcalist financial newspaper reported on Thursday.

Reshuffle at Japan's Sharp blunts expectation for change

An expected $3.5 billion record net loss as TV sales slumped is raising a red flag with investors worried that Sharp has fumbled its business strategy. Takashi Okuda's appointment as its new boss suggests it is not about to flinch and abandon making TVs.

Analysis: Sharp reshuffle blunts expectation for change

An expected $3.5 billion record net loss as TV sales slumped is raising a red flag with investors worried that Sharp has fumbled its business strategy. Takashi Okuda's appointment as its new boss suggests it is not about to flinch and abandon making TVs.

Dollar gains; shares slip on China growth woes

Asian shares eased on Thursday on renewed concerns about Chinese growth, but a brighter global economic outlook underpinned the dollar and kept investor risk appetite intact, reducing the appeal of safe-haven government debts.

China Mobile Q4 growth mild; hopes pinned on iPhone tie-up

China Mobile <0941.HK>, the world's biggest wireless carrier by number of subscribers, met expectations by posting a 4.6 percent rise in fourth-quarter net profit on Thursday as higher mobile data usage offset some of the impact of hefty handset subsidies.

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