IBT Staff Reporter

45211-45240 (out of 154943)

Defense contractors vie for FAA data contract

Defense contractors ITT Exelis Inc , Harris Corp and Lockheed Martin Corp are vying for a contract expected to be awarded in June to build a data communications system for the Federal Aviation Administration's NextGen program.

Lenovo moving to launch smartphones in U.S.

Lenovo Group Ltd, which is making a concerted global push into tablets and ultrabooks, now expects to launch a smartphone in a lucrative U.S. market dominated by Apple Inc and Google Inc gadgets.

Samsung confident of outselling Nokia in 2012

Samsung Electronics Co <005930.KS> is confident it will become the world's largest cellphone maker in 2012, ending Nokia's 14-year reign on the mobile handset market, its chief executive said.

Toyota wants North America to become big export base

Toyota Motor Corp's North American operations are looking to become a big exporter as the automaker gets hit by a strong yen that has eroded profits on vehicles shipped from Japan, a top executive said on Tuesday.

Struggling Kodak Film Group Split up; Shares Soar

Eastman Kodak Co announced a new business structure on Tuesday that divides its film group into its two other business units as the once-iconic photography company tries to refocus as a digital company to help fend off financial difficulties.

Olympus sues execs over scandal, shares surge

Japan's disgraced Olympus Corp is suing its president and 18 other executives, past and present, for up to $47 million in compensation, as it struggles to recover from one of the nation's worst accounting scandals.

Struggling Kodak film group split up, shares soar

Eastman Kodak Co announced a new business structure on Tuesday that divides its film group into its two other business units as the once-iconic photography company tries to refocus as a digital company to help fend off financial difficulties.

Boeing sees demand for current 737 as it plugs MAX

Boeing Co expects to see continued robust demand for the current model of its narrow-body 737 - the Next Generation - even as it promotes the upcoming 737 MAX and its promises of fuel efficiency, the head of Boeing's 737 program said on Tuesday.

YouTube eyes gadgets, channels to boost viewership

YouTube is looking to increase viewership on its online video service by making the service available on an array of connected devices and by adding new content, according to a top executive for the Google Inc unit.

Orange juice futures surge to record on fungicide fears

U.S. orange juice futures surged almost 11 percent to an all-time high on Tuesday, after U.S. health regulators announced a clampdown on imports from top producer Brazil following the discovery of small doses of a fungicide that is not approved in the United States.

OJ surges 11 percent to record on Brazil fungicide fears

U.S. orange juice futures surged almost 11 percent to an all-time high on Tuesday, after U.S. health regulators announced a clampdown on imports from top producer Brazil following the discovery of small doses of a fungicide that is not approved in the United States.

Wall Street at 5-month high

Stocks climbed to a five-month high on Tuesday, led by materials stocks after an upbeat forecast by aluminum company Alcoa and strong gains in bank shares.

Cargill reports worst quarter since 2001

U.S. agribusiness giant Cargill Inc reported a third consecutive slump in quarterly earnings on Tuesday, as one of the world's largest commodity traders took a beating from sugar losses and volatility in financial markets.

Housing starts jump in December

Canadian housing starts climbed more than expected in December, fueled by low mortgage rates and a boom in condo construction, even as analysts predicted the once-hot sector would cool further in 2012.

Lululemon raises profit forecast, shares jump

Lululemon Athletica expects profit and sales in the current quarter to top earlier forecasts after holiday shoppers flocked to its shops to snap up the trendy yoga wear that have made the company a runaway retail success story.

Wholesale inventories barely rise in November

Inventories at U.S. wholesalers barely rose in November and growth in October was revised lower, suggesting the economy did not get as big a boost as expected from companies restocking their shelves.

TSX hits highest level in two months

Canadian stocks touched their highest level in two months on Tuesday as mining and energy issues rose on healthy import data out of China, which boosted investor optimism for the global economy.

Bank of Canada seen on hold until 2013

A deteriorating European with slower growth and the longer we go without economy and weak global growth will keep the Bank of Canada from raising rates for at least another year, though an interest rate cut looks highly unlikely, according to a Reuters survey.

Pages