IBT Staff Reporter

42511-42540 (out of 154943)

Obama proposes large budgets boosts for SEC and CFTC

Financial market regulators, months behind in writing rules to implement the Dodd-Frank reforms and under pressure to probe the collapse of broker MF Global more vigorously, would get a big budget boost in the coming fiscal year from the spending plan that the White House proposed on Monday.

Saudi writer may face trial over Prophet Mohammad

A young Saudi blogger and columnist has been deported to his homeland to face trial soon after fleeing from death threats triggered by comments on the social network Twitter seen as blasphemy against the Prophet Mohammad.

European distressed debt opportunities loom large

Feb 13 - The confluence of widespread deleveraging among European banks and a significant wall of debt maturities that must be refinanced is creating a rising tide of distressed credit opportunities for U.S. alternative investors. However, the pace of activity is developing more slowly than anticipated, according to credit investors.

USDA sees corn stocks double next year

A U.S. government report on Monday showed farmers in the United States will plant the largest area with corn this spring since World War Two, which could double the razor-thin stocks of this year and help defray costs to consumers and food companies.

Apple subjects Foxconn, partners to labor scrutiny

Apple Inc said on Monday that a U.S. non-profit labor group has begun an unprecedented inspection of working conditions at its main contract manufacturers, including Foxconn's plants in southern China, as the maker of the IPhone continues to grapple with persistent image problems there.

AmerisourceBergen CFO DiCandilo Resigns

AmerisourceBergen Corp. said on Monday its Chief Financial Officer Michael DiCandilo had resigned to pursue other interests, effective immediately, sparking at least one broker downgrade and sending its shares down more than 3 percent.

Protests erupt across Europe against web piracy treaty

Tens of thousands of protesters took part in rallies across Europe on Saturday against an international anti-piracy agreement they fear will curb their freedom to download movies and music for free and encourage Internet surveillance.

Credit Card Rewards Grow as Debit Rewards Dwindle

Nearly half of cash-back cards, or 48 percent, paid 1 percent cash back from the first dollar of spending, up 44 percent last year, according to a credit card study conducted by Bankrate.com. Fourteen percent of cash-back cards paid more than 1 percent.

Wall Street Higher on Greek Deal

Stocks rose Monday as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.

Wall St higher on Greek deal

Stocks rose Monday as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.

Investors peer past gloom, eye Asian economic rebound

If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recession that, like the 2008/2009 financial crisis, would not spare Asia.

Wall St opens higher as Greek deal passes

Stocks rose at the open Monday, with the S&P 500 recouping nearly all of its declines from the previous session, as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.

Hungary's Orban aiming for IMF/EU deal

Hungarian Prime Minister Viktor Orban said on Monday he would iron out differences with the European Union and the International Monetary Fund over disputed legislation to secure an aid deal and avoid being shut out of markets.

Empire State Building Owner Files for $1 Billion IPO

Empire State Realty Trust, owners of the iconic Empire State Building, filed to sell up to $1 billion of its Class A common stock, giving ordinary investors a chance to own a piece of the building that has been fought over by billionaires.

Empire State Building owner files for $1 bln IPO

Empire State Realty Trust, owners of the iconic Empire State Building, filed to sell up to $1 billion of its Class A common stock, giving ordinary investors a chance to own a piece of the building that has been fought over by billionaires.

Wall St to open higher as Greek deal passes

Stocks were poised for a higher open on Monday, putting the S&P 500 on track to bounce back from its biggest one-day loss of the year, as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.

SEC again pushes AIG on disclosures

For the second time in less than a year, the Securities and Exchange Commission has pressed bailed-out insurer American International Group to provide more disclosures in its quarterly reports, this time on guaranteed interest rates in its life insurance business.

Chafing at insults, Germany loses patience with Greece

Germany is running out of patience with throwing money into the bottomless pit of Greece's debt crisis and any lingering sympathy in Berlin is being undermined by anti-German slogans on the lips of politicians and austerity protesters in Athens.

OECD flags signs of broader upturn in economic outlook

The international economic outlook is showing tentative signs of improvement, with the momentum shift spreading from the United States and Japan to other developed countries, the OECD's December survey of growth prospects showed on Monday.

China's CIC brushes aside Merkel investment plea

The head of China's $410 billion sovereign wealth fund CIC brushed aside a call by German Chancellor Angela Merkel to buy European government debt, saying such investments were difficult for long-term investors.

Futures climb as Greece deal approved

Stock index futures rose on Monday, indicating the S&P 500 would rebound from its biggest loss of the year, as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.

Futures gain after Greece approves deal

Stock index futures rose on Monday, indicating the S&P 500 would rebound from its biggest loss of the year as Greece's parliament approved strict financial reforms needed to obtain its latest bailout package.

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