IBT Staff Reporter

48811-48840 (out of 154954)

S&P downgrades Belgium to AA on funding pressures

Standard & Poor's downgraded Belgium's credit rating to AA from AA-plus on Friday, saying funding and market risk pressures are raising the chances the country's financial sector will need more support.

Black Friday shopper pepper sprays rivals

The holiday shopping season got off to an ugly start as a shopper pepper-sprayed rivals in a battle for bargains and robbers shot shoppers to steal their Black Friday purchases, police said on Friday.

Elpida to sell unit stake to Taiwan partner: report

Elpida Memory Inc, Japan's biggest maker of DRAM chips, agreed to sell preferred stock in its unit EBS Inc to Taiwanese semiconductor company Walton Advanced Engineering Inc for 3.75 billion yen ($48.27 million), the Nikkei said.

UK firms to trial sharing of cyber attack data

Britain will try to bolster defenses against cyber attack by encouraging companies to overcome their reluctance to admit computer security breaches and share their experiences with each other, the government said on Friday.

Black Friday draws crowds but spending in doubt

Retailers were hoping for more shoppers like Shawn Elzia as the annual Black Friday bargain stampede marked the unofficial start of what is widely expected to be a middling holiday shopping season.

Canada Eyes Stimulus as Europe Crisis Spreads

The Canadian government is open to the idea of including additional economic stimulus in its next budget if the European debt crisis threatens to derail the country's relatively successful recovery.

Groupon Shares Down Once Again Friday

Shares of the Chicago-based daily deals site fell once again Friday, closing down 0.88 percent to $16.81. Shares fell as low as $16.20 earlier in the day before the price went up near market close.

Euro Crisis Puts Company Funding in Tight Spot

LONDON, Nov 25 - European companies are in for a tough time next year. The euro zone debt crisis is sparking caution on all fronts, as consumers keep their cash in their pockets, corporate treasurers take a knife to investment plans and investors desperately seek a haven for their wealth.

Awful Italy debt sale heightens euro zone stress

Italy paid a record 6.5 percent to borrow money over six months on Friday and its longer-term funding costs soared far above levels seen as sustainable for public finances, raising the pressure on Rome's new emergency government.

Canadian troops, doughnuts leaving Kandahar

Coffee and doughnut chain Tim Hortons is closing its Kandahar outlet after five years in the war zone, shuttering its store on a Canadian military base as the country's troops leave Afghanistan.

Loonie slips past 7-week low as Italy yields surge

The Canadian dollar touched its lowest level in more than 7 weeks against the U.S. dollar on Friday as record borrowing costs for Italy stoked fears that the euro zone's spiraling debt crisis would lead to a break-up of the currency bloc

Ontario Teachers' to hold on to Maple Leaf Sports

The Ontario Teachers' Pension Plan has shelved plans to sell its 80 percent stake in Maple Leaf Sports and Entertainment Ltd, which owns Toronto's National Hockey League and National Basketball Association teams.

Crowds hit stores for Black Friday deals

Retailers may not reap hefty gains from the longer lines of shoppers snaked around malls across the U.S. at the traditional post-Thanksgiving start of the holiday shopping season; broader bargain hunting driven by budgetary fears may depress overall holiday spending.

EU's Barroso says still no solution to debt crisis

Europe has still not found a solution to its sovereign debt crisis that would restore investor confidence, European Commission President Jose Manuel Barroso said on Friday, advocating greater integration as the way to move forward.

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