IBT Staff Reporter

51811-51840 (out of 154943)

Avon faces SEC probe, looking at new strategy

Regulators subpoenaed Avon Products Inc over its contact with analysts, and the company is under a formal investigation over whether it failed to comply with bribery laws in China and elsewhere.

Northern Lights Take A Trip South

Millions across the U.S. were treated to a spectacular display Monday as the Aurora Borealis dipped south to the delight of spectators across 30 states. Stargazers as far south as Arizona, New Mexico, and Alabama caught the vivid red patterns of the northern lights, which arrived approximately eight hours ahead of schedule.

Stocks set to jump 2 percent at open on Europe deal

Stocks looked set to jump 2 percent at the open on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with banks and insurers to accept 50 percent losses on Greek bonds.

Eurozone Debt Deal Tackles Symptoms not Cause

Euro zone leaders are as far as ever from finding a lasting solution to the bloc's underlying problem of economic divergence, despite their latest progress in managing the symptoms of its debt crisis.

India Develops Siri Knockoff for Android

In a matter of eight hours, India-based software company Dexetra was able to create a Siri knockoff - an early Android version of Apple's Siri voice recognition system.

Anti-Facebook Social Network Unthink Launches

Tampa-based startup Unthink launched Tuesday in a flurry of green trim and black-and-white revolution-themed photography. The newest social network claims $2.5 million in funding from DouglasBay Capital and has its sights set on taking down Facebook, Google+, LinkedIn and other social networks it says are exploiting their users by selling their information to advertisers.

Nexen says likely to miss FY oil output goal

Canada's fifth-largest independent oil producer, warned that full-year production would miss its own expectations, and reported a drop of almost two-thirds in quarterly profit on lower production rates at some assets.

Consumers, Businesses Pump up U.S. Q3 Growth

U.S. economic growth increased at its fastest in a year in the third quarter as consumers and businesses set aside fears about the recovery and stepped up spending, creating momentum that could carry into the final three months of the year.

Olympus sticks to defense of deals despite skepticism

Japan's Olympus Corp on Thursday stuck to its defense of the deals that have come under fire since it axed its British CEO in a bitter boardroom battle, but the Tokyo Stock Exchange warned that investors might not be convinced.

Harper says he is encouraged by euro zone deal

Prime Minister Stephen Harper on Thursday said he was encouraged by the deal agreed by euro zone leaders, calling Europe's economic crisis the most immediate and imminent threat to global recovery.

Euro deal leaves much to do on rescue fund, Greek debt

Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early on Thursday but are still far from finalizing plans to slash Greece's debt burden and strengthen their rescue fund.

Facebook likes Sweden for first Europe server site

Social networking site Facebook is to build its first data center outside the United States in the northern Swedish town of Lulea, awarding an initial construction contract of $121 million, the companies said on Thursday.

Sony buys Ericsson out of mobile phone venture

Sony Corp is to take over its mobile phone joint venture with Ericsson for 1.05 billion euros ($1.5 billion), as it seeks to exploit its music and video to help it catch smartphone leaders such as Apple Inc.

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