More From IBT Staff Reporter
ECB cuts rates as France, Germany press for EU deal
The European Central Bank acted to soften a looming recession and avert a credit crunch in the debt-plagued euro zone by cutting interest rates on Thursday as European Union leaders prepared for a crucial summit.
Dec 08, 2011
Stock Futures Flat as Eurozone Summit Looms
Stock index futures were little changed on Thursday after investors pushed up stocks for three straight sessions, betting leaders come up with a solution to Eurozone debt crisis at an upcoming summit.
Dec 08, 2011
Japan mulls $13 billion Fukushima bailout: source
The Japanese government may inject about $13 billion into Tokyo Electric Power Co <9501.T> as early as next summer in a de facto nationalization of the operator of the crippled Fukushima nuclear power plant, sources said on Thursday.
Dec 08, 2011
Analysis: Damaged ship threatens to sink Vale's China hopes
A ruptured hull in the world's largest dry bulk ship could sink Vale's multi-billion dollar plan for a flotilla of giant vessels to link its iron ore mines to the mills of top steelmaker China.
Dec 08, 2011
Corzine apologizes for collapse of MF Global
Former MF Global chief Jon Corzine apologized to customers, employees and investors who have suffered because of the brokerage firm's collapse, but said he does not know where missing customer money is.
Dec 08, 2011
Stock futures flat as euro zone summit looms
Stock index futures were little changed on Thursday after investors pushed up stocks for three straight sessions, betting leaders come up with a solution to euro zone debt crisis at an upcoming summit.
Dec 08, 2011
Alibaba seeks $4 billion financing to buy stake held by Yahoo
Alibaba Group is seeking up to $4 billion in debt financing, sources familiar with the matter said on Thursday, in a deal expected to help the Chinese e-commerce giant buy back a 40 percent stake in the company owned by Yahoo Inc.
Dec 08, 2011
ECB Cuts Rates to Record Low on Recession Fears
The European Central Bank cut interest rates by a quarter of a point on Thursday to counter the twin threats of recession and deflation in the Eurozone, and is expected to unveil fresh measures to help banks hurt by the bloc's debt crisis.
Dec 08, 2011
Stock Futures Dip, Spotlight on European Summit
Stock index futures dipped on Thursday after three straight winning sessions as investors bet leaders at a euro zone summit will come up with a solution to the region's debt crisis.
Dec 08, 2011
Insight: Credit noose tightens slowly in central Europe
For Hungarian businessman Ervin Majdan, membership of the European Union used to be a one-way ticket to prosperity.
Dec 08, 2011
ECB to cut rates as focus on bond buys intensifies
The ECB is expected to cut rates and unveil a new package of bank aid on Thursday, with markets also watching for any hint it will intensify its bond buying support for the bloc's struggling periphery, setting the stage for a critical euro zone summit.
Dec 08, 2011
Japan mulls $13-19 billion bailout of nuclear operator
The Japanese government may inject between $13 billion and $19 billion into Tokyo Electric Power Co <9501.T> in a de facto nationalization of the operator of the crippled Fukushima nuclear power plant, domestic media reported on Thursday.
Dec 08, 2011
Futures signal early dip
Stock index futures pointed to a dip at the open on Wall Street on Thursday, with futures for the S&P 500 down 0.16 percent, Dow Jones down 0.17 percent and Nasdaq 100 down 0.06 percent at 5:30 a.m. ET.
Dec 08, 2011
Alibaba Seeks $4 Billion in Financing for Yahoo Stake: Sources
Alibaba Group is seeking up to $4 billion in debt financing, sources said on Thursday, in a deal expected to help the Chinese e-commerce giant buy back a 40 percent stake in the company owned by Yahoo Inc.
Dec 08, 2011
Stock futures signal early dip
Stock index futures pointed to a dip at the open on Wall Street on Thursday, with futures for the S&P 500 down 0.16 percent, Dow Jones down 0.17 percent and Nasdaq 100 down 0.06 percent at 5:30 a.m.
Dec 08, 2011
Japan mulls $13-$19 billion bailout for Fukushima plant operator
The Japanese government may inject between $13 billion and $19 billion into Tokyo Electric Power Co <9501.T> in a de facto nationalization of the operator of the crippled Fukushima nuclear power plant, domestic media reported on Thursday.
Dec 08, 2011
Hopes for ECB rate cut underpin world stocks
World stocks nudged up and the euro held its ground on Wednesday as a crucial period for the euro zone began, with investors expecting the bloc's central bank to cut rates and its leaders to agree a plan to solve the region's debt crisis.
Dec 08, 2011
China's Best Buys scramble to tap e-commerce boom
Two Chinese appliance and electronics retailers, regarded by some as the country's answers to Best Buy Co Inc , are racing to beef up their e-commerce arms and tap the booming but highly competitive online retail market.
Dec 08, 2011
Japan considers bailout of stricken nuclear operator: report
The Japanese government may inject between $13 billion and $19 billion into Tokyo Electric Power Co <9501.T> in a de facto nationalization of the operator of the crippled Fukushima nuclear power plant, domestic media reported on Thursday.
Dec 08, 2011
Nintendo denies report games designer Miyamoto to retire
Nintendo Co Ltd on Thursday denied a report that Shigeru Miyamoto, widely seen as the world's most influential games designer, would step down from his current position and take a smaller role in the company.
Dec 08, 2011
European stocks rise ahead of ECB meeting
European stocks rose while bonds and the euro were mostly steady on Thursday ahead of a European Central Bank meeting that is expected to cut interest rates, the first act in two crunch days for efforts to quell the euro zone's debt crisis.
Dec 08, 2011
Asian shares fall as EU summit jitters weigh
Asian shares fell on Thursday as doubts set in about whether European leaders can agree on a plan to tackle the euro zone's two-year-old debt crisis at a high-stakes summit on Friday.
Dec 08, 2011
GE, Microsoft in healthcare software joint venture
General Electric Co and Microsoft Corp are forming a joint venture to develop and sell software systems to make it easier for healthcare providers to store, access and share patient information.
Dec 08, 2011
Japan: not aware of IMF $600 billion euro zone aid plan
A Japanese government official said on Thursday he had not heard of a reported $600 billion IMF lending facility to help the euro zone, although Japan would consider providing bilateral loans to the Fund if warranted by developments in Europe.
Dec 08, 2011
Many words, little action in consumer agency debate
The answer to the Final Jeopardy! question of who will be the first director of the Consumer Financial Protection Bureau will not become known on Thursday.
Dec 08, 2011
Analysis: Asia's economy heading for yo-yo year in 2012
Asia's economic growth looks set to stumble over the next few months, prompting a flurry of interest rate cuts and a spike in stimulus spending that may ultimately pave the way for a strong recovery in the second half of 2012.
Dec 08, 2011
Rick Perry complains about gays serving in military
Rick Perry may be forgetful when it comes to stuff like which cabinet departments he'd like to eliminate, or the legal voting age in the United States, but when it comes to gay-bashing, the Texas governor and Republican presidential hopeful is right on top of his game.
Dec 08, 2011
Lindsay Lohan's Playboy cover
Pssst ... wanna see naked pictures of Lindsay Lohan?
Dec 08, 2011
Norway's Headhunters director signs on to new film
Morten Tyldum, the Norwegian director of Headhunters -- the most successful Norwegian film in history -- has signed on to the thriller What Happened to Monday? Vendome Pictures announced Wednesday.
Dec 08, 2011
Drive filmmaker gets auto-erotic at screening
Is this what they mean by a powerful sex drive?
Dec 08, 2011
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