IBT Staff Reporter

43591-43620 (out of 154943)

Amazon Keeps Spending to Grow, Slashing Profits

Amazon.com warned of a possible operating loss in the first quarter following a sharp drop in fourth-quarter profits, a sign that the online retailer is continuing to spend heavily on expansion and new ventures at the expense of shorter-term profits.

PayPal co-founders fund pro-Paul Super PAC

Co-founders of online U.S. payment service PayPal, now owned by eBay Inc, donated to the Super PAC funding group supporting Republican presidential candidate Ron Paul, the group Endorse Liberty disclosed on Tuesday.

California teacher charged with abuse after photos

A former Los Angeles-area elementary school teacher has been charged with lewd acts on children, including putting cockroaches on students' faces and offering them a spoonful of what may have been semen, authorities said on Tuesday.

U.S. agency: AMR will seek to end worker pensions

The Pension Benefit Guaranty Corp, which has responsibility for insuring certain benefits under private defined benefit pension plans, said on Tuesday it believes American Airlines will seek to terminate employee pensions in bankruptcy.

Wall Street ends strong January on flat note

Wall Street closed its best month since October on a flat note on Tuesday as weaker-than-expected economic reports surprised investors after a stream of positive data in recent months.

Wall Street ends best month since October

Wall Street closed its best month since October on a flat note on Tuesday as weaker-than-expected economic reports surprised investors after a stream of positive data in recent months.

Kodak employee sues company directors over stock

An Eastman Kodak employee filed a civil lawsuit against Kodak's board members and other fiduciaries of the photography companies' retirement plans, saying they breached their duties as the company was spiraling toward bankruptcy.

Exxon narrowly beats, but production falls short

Exxon Mobil Corp reported quarterly earnings that narrowly beat expectations, on higher oil prices and asset sales of about $1 billion, but the company's shares dropped nearly 2 percent as its oil and gas production fell short of estimates.

Home prices drop, consumers turn gloomier

Home prices fell more steeply than expected in November, and consumers turned less optimistic in January, highlighting the hurdles still facing the bumpy economic recovery.

Wall Street dips on weak economic data

Stocks edged lower on Tuesday after a batch of weaker-than-expected economic reports gave investors reason to pause after strong gains in world equity markets.

Wall Street sags as data weighs

Stocks fell on Tuesday as optimism over a possible deal by Greece in its debt wrangling dissipated after a batch of weaker-than-expected economic reports.

Sharp to halve LCD panel output at Osaka

Sharp Corp will halve its LCD panel output at its Sakai facility in Osaka in Japan, marking its second deep production cut in a year, hurt by slumping television demand, the Nikkei business daily said.

Andreessen Horowitz Raises $1.5 Billion Fund

Venture capital fund Andreessen Horowitz raised $1.5 billion for a new fund, bringing the firm's assets under management to $2.7 billion and cementing the firm's position among the venture-capital elite.

Lexmark Cutting 625 Jobs

Printer maker Lexmark International Inc. said it is slashing 625 jobs globally as part of a restructuring plan and forecast weaker sales and earnings in the current quarter.

Citigroup Unit to Pay $500,000 in Age Bias Case

A unit of Citigroup must pay $500,000 to a former branch manager who alleged the company fired him because of his age, according to a decision by a Financial Industry Regulatory Authority arbitration panel.

Ukraine shuts down top file sharing website

Ukrainian police on Tuesday shut down the former Soviet republic's most popular file sharing website, Ex.ua, accusing its owners of illegally distributing copyright-protected software, music and videos.

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