IBT Staff Reporter

41701-41730 (out of 154947)

Japan's Olympus close to unveiling new board line-up

Japan's Olympus Corp is expected to unveil a new board of directors as early as Monday, part of efforts to recover from a $1.7 billion accounting fraud, but the new line-up is likely to disappoint the firm's major overseas investors.

On the ropes, Apple's China nemesis still dreams

Yang Long-san, Apple's nemesis in a battle over the iPad trademark in China, once strutted the expo halls with dreams of market dominance. His company, Proview, may now be in ruins and his most valuable asset a disputed trademark, but those dreams remain intact.

HTC Eyes Recovery with New Smartphones

Taiwan's HTC, the world's No. 5 smartphone maker, launched a new range of smartphone models on Sunday, hoping the fresh designs will help it to recover some of the lost market share.

U.S. gasoline hits $3.69/gallon on Iran jitters: survey

The average U.S. price of gasoline jumped 18 cents a gallon in the past two weeks due to rising costs of crude oil and related concerns about tensions in the Middle East, although supplies of fuel remained plentiful in most of the country, according to the nationwide Lundberg Survey.

US gasoline hits $3.69/gallon on Iran jitters: survey

The average U.S. price of gasoline jumped 18 cents a gallon in the past two weeks due to rising costs of crude oil and related concerns about tensions in the Middle East, although supplies of fuel remained plentiful in most of the country, according to the nationwide Lundberg Survey.

Hitachi on recovery track: Barron's

Japanese conglomerate Hitachi Ltd <6501.T> could be on the road to recovery following a decade-long slump from numerous failed restructurings, Barron's said.

U.S. Eyes V-22 Aircraft Sales to Israel, Canada, UAE

The U.S. government is eyeing Israel, Canada and the United Arab Emirates as possible initial foreign buyers of the V-22 Osprey, a tilt-rotor aircraft built by Boeing Co and Bell Helicopter, a top U.S. Marine Corps official told Reuters.

Sony Returns to Smartphones with New Models

Sony Corp. declared a return to the smartphone business on Sunday, unveiling its first smartphones under the Sony brand, but warned the group's painful transition would not be as fast as rebranding.

Weidmann-Bundesbank Profit will be Crimped by Reserves

The Bundesbank profit turned over to the federal government will be considerably smaller this year than in 2011 due to the risk provisions linked to the euro zone crisis, central bank president Jens Weidmann was quoted telling Der Spiegel.

G20 inches toward $2 trillion in rescue funds

Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent further fallout from the euro-zone's sovereign debt crisis.

BRICS to look at bid for top World Bank job

The world's major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for the open job.

Euro-zone deal on firewall awaits Germany

Germany may not be ready to back an increase in the euro zone's bailout fund at a summit next week, delaying progress towards building up nearly $2 trillion in firepower to tackle fallout from Europe's sovereign debt crisis.

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