IBT Staff Reporter

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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

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

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

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

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

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

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

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

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

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