IBT Staff Reporter

45241-45270 (out of 154943)

MP switches parties, weakening opposition

A legislator quit Canada's main opposition New Democrats on Tuesday, adding to the problems of a left-leaning party that has failed to impress since a record-breaking performance in the May 2011 election.

Wall St banks curb U.S. economic growth forecasts

Wall Street banks lowered their outlook for U.S. economic growth due to concerns over the European debt crisis, oil prices, regulatory uncertainties and continued disarray in Washington, according to a financial industry survey released on Tuesday.

Analysis: LightSquared in 11th-hour effort to woo Washington

Telecom startup LightSquared is mounting a last-ditch effort to win U.S. regulatory approval for a new wireless network after being outmaneuvered by the GPS industry, which has spun doomsday scenarios of interference problems that could cause planes to fall out of the sky and threaten national security.

Wall Street banks curb economic growth forecasts

Wall Street banks lowered their outlook for U.S. economic growth due to concerns over the European debt crisis, oil prices, regulatory uncertainties and continued disarray in Washington, according to a financial industry survey released on Tuesday.

New Hampshire Primary 2012: What Are Voters Thinking?

With voting underway in the second contest of the 2012 Republican primary season, Mitt Romney is expected to win easily -- but interviews with voters in New Hampshire's largest city show that his opponents are making headway, especially among people whose primary concern is not the economy.

Struggling Kodak disbands film group, shares soar

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

Finnish anti-piracy group says it got bomb threat

A Finnish anti-Internet piracy group said it received a bomb threat from hacking group Anonymous after it successfully forced a telecoms provider to block access to The Pirate Bay, a popular website for illegal downloading.

WebMD ends talks with suitors, shares fall 29 percent

WebMD Health Corp said it called off discussions with potential acquirers and warned that 2012 profit would be significantly lower as clients slash expenses to offset revenue loss from drugs losing patent protection.

D.Telekom, Groupon cooperate on mobile Web: report

Germany's Deutsche Telekom and Groupon, the world's largest daily deals company, will cooperate in mobile internet businesses, German business daily Financial Times Deutschland reported, citing company executives at both groups.

Alcoa shares rise after bullish outlook

Alcoa Inc shares rose more than 4 percent on Tuesday after the aluminum producer gave a bullish outlook for the industry, but some Wall Street analysts were skeptical and lowered the company's stock price target.

Commodities outlook leads Wall Street higher

Stocks hit a five-month high on Tuesday after strong import data from major metals consumer China and a bullish forecast by Alcoa boosted the outlook for commodities companies and pointed to a stronger global economy.

Ex-Lehman's Bhattal quits Nomura amid deep losses

Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings , resigned on Tuesday after the wholesale division he led suffered heavy losses and forced the Japanese investment bank to scale back its global expansion.

Struggling Kodak reorganizes businesses

Eastman Kodak Co announced a new business structure on Tuesday as the once-iconic photography company tries to refocus as a digital company to help fend off financial difficulties.

Tiffany holiday sales weaken; Zale, Signet rise

Tiffany & Co sales over the holiday season weakened markedly in the United States and Europe, prompting the upscale jeweler to lower its full-year profit forecast and sending its shares down more than 10 percent in early trading.

December NFIB business optimism survey edged up

Small businesses grew more confident in the economy's future in December, marking a fourth straight month of improvement on a more optimistic outlook for business conditions and real estate gains, a survey released on Tuesday showed.

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