IBT Staff Reporter

52531-52560 (out of 154943)

Japan Azumi: will act decisively versus excess FX moves

Japanese Finance Minister Jun Azumi said on Monday that Japan will take decisive action on excessive and speculative foreign exchange moves and that he did not believe the strong yen, at less than 76 per dollar, reflected economic fundamentals.

Director, actors face fear head-on in Martha Marcy

Martha Marcy May Marlene may be drawing attention as the movie with the weird title, or the movie with the other Olsen sister in it. But there's a lot more to first-time Sean Durkin's creepy, unsettling drama than those obvious hooks.

Fairholme president resigns amid weak performance

The president and co-manager of Fairholme Capital Management LLC has resigned, as the $8.9 billion mutual fund firm continues to suffer from bets on financial stocks and a real-estate development company.

Ex-Olympus CEO says probe on fee falls short: AP

The ousted chief executive of Olympus Corp said the company's review of a $687 million payment to financial advisers has not gone far enough and said he was fired because he asked questions about the extraordinary fee, according to the Associated Press.

Exclusive: Alberta: EU oil sands ranking threatens ties

The government of Alberta, home to the bulk of Canada's oil sands, has written to EU experts voicing grave concerns that the bloc's plans to rank unconventional oil as a highly polluting fuel are unfair and a potential threat to trade ties.

Comments from European Union leaders' summit

European Union leaders met on Sunday to try to hammer out a comprehensive plan for tackling the euro zone debt crisis, but a breakthrough is not expected until another summit on Wednesday.

Sarkozy backs down on ECB crisis role

French President Nicolas Sarkozy backed down on Sunday in the face of implacable German opposition to demands to use unlimited European Central Bank funds to fight the euro zone's deepening sovereign debt crisis.

U.S. Rating Likely to Be Downgraded Again: Merrill

The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.

Verizon Announces Samsung Galaxy Nexus

After months of rumors, it's finally been confirmed: the new Galaxy Nexus is coming to the U.S. on Verizon Wireless. The carrier announced the news today in a press release that also outlined the features of the Galaxy Nexus, which is the first to go on the market with the new Android-based Ice Cream Sandwich operating system, as well as the first to feature a HD Super AMOLED display.

EU leaders eye guarantees for banks

European Union leaders piled pressure on Italy on Sunday to speed up economic reforms to avoid a Greece-style meltdown as they began a crucial two-leg summit called to rescue the euro zone from a deepening sovereign debt crisis.

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