IBT Staff Reporter

42301-42330 (out of 154943)

Appeals Court Weighs Next Steps in BofA Mortgage Deal

Legal wrangling over the proposed $8.5 billion settlement of some of Bank of America Corp's mortgage-backed securities liability could drag through the courts for years, a top appeals court judge said during arguments in the case.

Greece seeks Monday bailout deal, EU questions remain

Greece expressed hope it can secure its second EU/IMF bailout in as many years and a deal on easing its debt burden next week, but its euro zone peers made clear the months of increasingly ill-tempered argument are not quite over yet.

Kellogg to buy Pringles for $2.7 billion

Kellogg Co agreed to buy Pringles potato chips for $2.7 billion in a cash deal that makes the cereal company second only to PepsiCo Inc in the global snack food market.

Apple falls, drags Wall Street lower

Stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world.

GE's Rice sees China growth slowing in 2012

General Electric Co believes China's economy, a key source of revenue growth for the largest U.S. conglomerate, will slow this year but not substantially below 8 percent, said the executive who runs the company's international operations.

Apple tweaks apps policy under lawmaker pressure

Under pressure from U.S. legislators, Apple Inc moved Wednesday to quell a swelling privacy controversy by saying that it will begin to require iPhone and iPad apps to seek explicit approval in separate user prompts before accessing users' address book data.

Apple falls, and Wall Street follows

Stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world.

Greece says has cleared hurdles to bailout

Greek party leaders have met the final two demands set by the country's international lenders to seal a bailout, paving the way for a deal and an agreement to ease its debt burden to be announced on Monday, Finance Minister Evangelos Venizelos said.

Apple asked about iPhone privacy by legislators

U.S. legislators on Wednesday sought more information from Apple Inc regarding its privacy policies, pulling the iPhone manufacturer into a swelling controversy over how developers on its popular iOS mobile platform have been able to access users' private address book data.

Cisco appeals EU's approval of Microsoft/Skype deal

Cisco Systems Inc has challenged EU clearance of Microsoft Corp's acquisition of Internet voice and video service Skype at Europe's second highest court, saying the commission should have put tougher conditions on the deal.

Citigroup Pays $158M in Mortgage Fraud Pact

Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit.

Cisco Appeals EU's Approval of Microsoft-Skype Deal

Cisco Systems Inc has challenged EU clearance of Microsoft Corp's acquisition of Internet voice and video service Skype at Europe's second highest court, saying the commission should have put tougher conditions on the deal.

Cisco appeals EU's okay of Microsoft/Skype deal

Cisco Systems Inc has challenged EU clearance of Microsoft Corp's acquisition of Internet voice and video service Skype at Europe's second highest court, saying the commission should have put tougher conditions on the deal.

Kellogg to Swallow Pringles for $2.7B

Kellogg Co agreed to swallow Pringles potato chips for $2.7 billion in a cash deal that makes the cereal company second only to PepsiCo Inc in the global snack food market.

Morgan Stanley left holding TDC stock after offering

Morgan Stanley was left holding a 7 percent stake in Denmark's TDC , or nearly half the total amount that it had tried to sell to institutions earlier this week in a deal which raised $1 billion for the telecom operator's main shareholders.

Tepco seeks $6.38 billion loan: report

Tokyo Electric Power Co and a government-run nuclear compensation fund have requested the utility's lenders to provide 500 billion yen ($6.38 billion) in new financing in two stages as part of a loan package worth 1.07 trillion yen.

Apple iPad plant conditions better than the norm: agency

Working conditions at Chinese manufacturing plants where Apple Inc's iPads and iPhones are made are far better than those at garment factories or other facilities elsewhere in the country, according to the head of a non-profit agency investigating the plants.

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