IBT Staff Reporter

45271-45300 (out of 154943)

UniCredit Shares Rebound in Volatile Trade

UniCredit shares and rights to buy into the Italian bank's 7.5 billion euro ($9.6 billion) capital increase rallied after three days of falls on Tuesday, with traders saying volatility remains high as does a threat of further sharp falls.

Exclusive: Former Goldman trader Sze's Asia hedge fund down

A hedge fund set up by former Goldman Sachs trader Morgan Sze -- the biggest launched in Asia in 2011 -- lost 6.8 percent last year, two sources with direct knowledge of the matter told Reuters, as it was rattled by a sharp drop in Chinese shares.

Forex Trade Emails Cast Doubt on SNB's Hildebrand

The supervisory council of the Swiss National Bank forced Philipp Hildebrand to step down as chairman after emails about a currency trade by his wife failed to clear him of involvement in the deal, newspapers reported on Tuesday.

Stocks up on U.S. outlook, crisis checks euro

European stocks rose and the euro stayed under pressure on Tuesday as investors weighed the debt turmoil in the euro zone against an improved U.S. economic picture that looks set to deliver upbeat corporate results.

McDonald's close to new Olympic deal, IOC says

Fast food chain McDonald's and the International Olympic Committee are close to agreeing a new, eight-year sponsorship contract and the deal could be sealed this month, the IOC's marketing chief said on Tuesday.

Authorities probe U.S.-China commission email hack

U.S. authorities are investigating allegations that an Indian government spy unit hacked into emails of an official U.S. commission that monitors economic and security relations between the United States and China, including cyber-security issues.

Ford CFO to retire in 2012: sources

Ford Motor Co chief financial officer Lewis Booth plans to retire in the first half of this year, two people familiar with the matter said on Monday.

China trade growth slows to 2-year lows in December

China's exports and imports grew at their slowest pace in more than two years in December as foreign and domestic demand ebbed, data showed on Tuesday, bolstering expectations of more policy action from Beijing to support the world's number two economy.

HP unveils new glass encased laptop

Hewlett-Packard Co on Monday unveiled a new glass-encased laptop computer as the largest computer maker stepped up its efforts to chip away at rival Apple Inc's stronghold in high-end PC market.

SEC wants banks to say more on European debt exposure

Jan 9 - The Securities and Exchange Commission has urged banks to publish more details about their exposure to European sovereign debt, a factor in the recent bankruptcy of the futures brokerage MF Global Holdings Ltd .

Consumer credit surges by most since 2001

U.S. consumer credit surged 10 percent in November, its biggest jump in a decade in a positive signal for the economy as consumers tapped their credit cards and the government doled out more student loans.

United reaches tentative deal with flight attendants

Flight attendant leaders of United Airlines accepted the terms of tentative agreement with the airlines regarding their contract and will send it to 15,000 United Flight attendants for a vote, Association of Flight Attendants said in a statement.

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