IBT Staff Reporter

45151-45180 (out of 154943)

Electric vehicle battery costs coming down: Chu

Industry and government are on track to bring down the cost of batteries to power hybrid and electric cars, which is crucial for improving commercial appeal of those vehicles, U.S. Energy Secretary Steven Chu said on Wednesday.

Homeland Security watches Twitter, social media

The U.S. Department of Homeland Security's command center routinely monitors dozens of popular websites, including Facebook, Twitter, Hulu, WikiLeaks and news and gossip sites including the Huffington Post and Drudge Report, according to a government document.

CFTC approves more protections for customer money

The U.S. futures regulator on Wednesday adopted further protections for customer collateral posted in swap trades, an area of heightened importance as the search continues for hundreds of millions of dollars in missing MF Global customer money.

Samsung plans hybrid cameras, seeks big sales rise

Samsung Electronics Co aims to more than quadruple sales of small, interchangeable lens cameras this year, as it seeks to move up-market to compete with stronger Japanese rivals amid stagnating growth in the compact camera segment.

Kodak Shares Jump as Company Files Lawsuit Against Apple, HTC

The Rochester-based company's complaint to the U.S. International Trade Commission argues that some of Apple's iPhones, iPads and iPods, along with some of HTC's smartphones and tablets infringe on Kodak patents involving technology for transmitting images.

Monti says markets must recognize Italian reforms

German Chancellor Angela Merkel praised Italy's new government on Wednesday for the speed with which it has launched reforms, prompting Prime Minister Mario Monti to say it was important for markets also to recognize Italian economic policy progress soon.

Analysis: The great hedge fund humbling of 2011

Excuses, excuses and more excuses.Some of the best-known hedge fund managers have offered lots of excuses for underperforming the major stock market indexes last year, with many large funds posting double-digit losses.

Fed should keep easy policy to boost economy: Evans

The U.S. Federal Reserve should stick to its super-easy monetary policy to fight unemployment and spur a painstakingly slow economic recovery, even if doing so pushes inflation temporarily higher, a top Fed official said on Wednesday.

ECB must do more to avert euro collapse: Fitch

The European Central Bank should ramp up its buying of troubled euro zone debt to support Italy and prevent a cataclysmic collapse of the euro, David Riley, the head of sovereign ratings for Fitch, said on Wednesday.

Naming new SNB head may take months: Finance minister

Switzerland might not name a permanent successor to Philipp Hildebrand as central bank chairman for several months, the country's finance minister said on Wednesday, adding she had full confidence in the bank's interim head.

Dutch court orders block on Pirate Bay website

Two Dutch cable companies were ordered by a court on Wednesday to block access to the website The Pirate Bay to prevent the illegal downloading of free music, films and games in case brought on behalf of the entertainment industry.

Fannie Mae CEO to leave after successor chosen

Fannie Mae Chief Executive Michael Williams said on Tuesday he was stepping down from the government-controlled mortgage firm, which is at the center of a fight over how to reduce foreclosures.

Talent shortage threatens Gulf retail banking expansion

On Dubai's busiest thoroughfare, Sheikh Zayed Road, the white, orange and blue shop front of Sharjah Islamic Bank's gleaming new branch stands out among the soaring apartment blocks, furniture shops and car dealerships that mirror the Gulf state's growing wealth.

Wall Street set to pull back from 5-month high

A pullback in stocks was expected at the open on Wednesday, a day after the Dow and S&P 500 hit five-month highs, with pressure on the euro testing the recent view that U.S. equities were decoupling from Europe.

Hostess returns to bankruptcy over pensions

Twinkies and Wonder Bread maker Hostess Brands Inc filed for bankruptcy protection for the second time in less than three years, after failing to reach an agreement with workers on pension and health benefits.

Watchdog checks BlackRock statement on UniCredit

Italian market watchdog Consob is looking into two contradictory statements made by BlackRock Inc , the world's largest asset manager, over its stake in UniCredit SpA , a source close to Consob told Reuters on Wednesday.

At Nomura, future direction hangs on who succeeds

The abrupt exit of Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings, marks a crucial juncture for Japan's top brokerage as it decides whether to replace him with an experienced global banker to foster expansion, or with an in-house local to focus on the home market.

Wall Street set for slightly higher opening

Stock index futures pointed to a slightly higher opening on Wall Street with futures for the S&P 500 up 0.1 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures flat at 1020 GMT.

At Nomura, Future Direction Hangs on Choice of Bhattal Successor

The abrupt exit of Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings, marks a crucial juncture for Japan's top brokerage as it decides whether to replace him with an experienced global banker to foster expansion, or with an in-house local to focus on the home market.

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