IBT Staff Reporter

48661-48690 (out of 154954)

Nexon pushes ahead with IPO, hacking impact looms

Online gaming firm Nexon Co said on Monday it would raise up to 98 billion yen ($1.3 billion) in an initial public offering this month, pushing ahead with its planned listing even as a massive hacking attack threatens to dampen excitement for the stock.

Murdoch seen surviving BSkyB vote, but at what cost?

James Murdoch will probably survive a row with investors to be re-elected as chairman of BSkyB with the support of News Corp but that link to his father's firm, tainted by the phone hacking scandal, could spell more problems with the regulator.

S&P, Nasdaq rise 3 percent in broad rally

Stocks extended their gains on Monday, with the S&P and Nasdaq rising 3 percent on hopes that fresh proposals may emerge out of Europe to help solve the region's debt crisis.

Germany, France press coercive euro zone debt rules

Germany and France stepped up a drive on Monday for coercive powers to reject national budgets in the euro zone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.

Annual compensation could fall 30 percent at Wall St firms

Annual compensation for employees at big Wall Street firms could fall 27-30 percent from a year earlier to the lowest level since the 2008 financial crisis, the Wall Street Journal reported, citing a compensation study conducted by the Options Group.

In a Close-knit World, Frontier Debt Loses Out

The escape route from risky peripheral euro zone debt into higher-yielding emerging markets is becoming increasingly tortuous, as the debt crisis marries the performance of all assets closer together.

Germany, France eye euro zone pact, markets hopeful

Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the euro zone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.

Stock Futures Soar on Europe Hopes

Stock index futures jumped on Monday on optimism over the latest round of proposals out of Europe designed to corral the growing Eurozone debt crisis.

Germany, France Eye Eurozone Pact, Markets Hopeful

Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the Eurozone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.

Nexon Pushes Ahead with IPO as Hacking Impact Looms

Online gaming firm Nexon Co said on Monday it would raise up to 98 billion yen ($1.3 billion) in an initial public offering this month, pushing ahead with its planned listing even as a massive hacking attack threatens to dampen excitement for the stock.

Germany Denies 'Elite' Euro Bond Plans

The German finance ministry denied on Monday a media report of plans for the joint issuance of bonds by member countries of the euro zone with a triple-A credit rating.

Global Economic Recovery Petering Out: OECD

The global economic recovery is running out of steam, leaving the euro zone stuck in a mild recession and the United States at risk of following suit, the OECD said on Monday, sharply cutting its forecasts.

Struggling ST-Ericsson replaces CEO

Loss-making mobile chip venture ST-Ericsson said on Monday its operations chief Didier Lamouche would replace its Chief Executive Gilles Delfassy from the start of December.

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