IBT Staff Reporter

47041-47070 (out of 154954)

Shares in disgraced Olympus dive on balance sheet worries

Shares in Japan's scandal-ridden Olympus Corp slumped almost 20 percent on Thursday after it corrected its accounts to reveal a dramatically weakened balance sheet, stoking talk that it might need to merge, sell assets or raise fresh capital.

Shares in Japan's disgraced Olympus dive on balance

Shares in Japan's scandal-ridden Olympus Corp slumped almost 20 percent on Thursday after it corrected its accounts to reveal a dramatically weakened balance sheet, stoking talk that it might need to merge, sell assets or raise fresh capital.

ECB's Noyer says French downgrade not justified

A downgrade of France's AAA credit rating would not be justified and ratings agencies are making decisions based more on politics than economics, European Central Bank policymaker Christian Noyer said on Thursday.

Avon needs bold change as Jung's CEO tenure ends

Avon Products Inc's new chief executive will need to figure out how to improve operations from Russia to Brazil, look at whether direct selling works in the United States and be someone who can charm the millions of representatives who sell its cosmetics to consumers.

Olympus Shares Drop 19.6 Percent After Accounts Restated

Shares of Olympus tumbled as much as 19.6 percent on Thursday, a day after the company restated financial accounts after a 13-year fraud, with a dent in its balance sheet triggering speculation it will need to raise capital to repair its finances.

Can Zynga break free from Facebook?

We generate substantially all of our revenue and players through the Facebook platform and expect to continue to do so for the foreseeable future, Zynga wrote in its IPO prospectus.

Amazon shares give up 2011 gains on profit concern

Amazon.com Inc shares dropped to levels not seen since March Wednesday on concern that big spending and aggressive pricing by the No. 1 Internet retailer will hit profit during the crucial holiday season and well into next year.

Wall Street stacks up losses as global risks rise

Stocks fell for a third day and hit their lowest level in two weeks on Wednesday as widespread risk aversion sank commodity prices, sent the euro to an 11-month low against the dollar and drove Italy's borrowing costs to a euro-era high.

Rick Santorum Compares Obama Administration to Fascist Italy

Rick Santorum, the former U.S. senator from Pennsylvania who has been hanging out with Jon Huntsman at the bottom of the Republican pack, said in Waterloo, Iowa, on Tuesday that the United States was not so gradually beginning to resemble fascist Italy.

IMF Says Greece Must Move Faster on Reforms

The International Monetary Fund stepped up pressure on Greece on Wednesday, saying promised reforms were behind schedule in most areas and the delays were stalling recovery from years of recession.

Air France to cut 2,000 jobs: report

A recruitment freeze at Franco-Dutch carrier Air France-KLM will lead to 2,000 job cuts in 2012 as the carrier looks to save about 800 million euros ($1.04 billion) annually over the next three years, French economic daily La Tribune reported on Wednesday.

Credit Agricole to cut jobs as loss looms

Credit Agricole will make a 2011 loss, write off 2.5 billion euros ($3.2 billion) worth of assets and cut 2,350 jobs in a cull of its investment banking operations, the French bank said on Wednesday in its second profit warning of the year.

Wall Street ends down for 3rd day

Stocks fell for a third day and hit their lowest level in two weeks on Wednesday as widespread risk aversion sent commodity prices tumbling, drove the euro to its lowest in a year and forced Italy to pay a euro-era high to sell debt.

Judge approves cash for MF Global bankruptcy

A bankruptcy judge approved on Wednesday a deal to allow collapsed broker MF Global Holdings Ltd to finance the rest of its bankruptcy with about $21 million in cash pledged as collateral to JPMorgan Chase & Co, one of its primary lenders.

CEOs see slow, uneven recovery: Roundtable

Chief executives expect the U.S. economy to continue its slow, uneven recovery over the next few months and are concerned about the rising costs of raw materials and the expense of complying with regulations, according to a survey released on Wednesday.

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