IBT Staff Reporter

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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.

France seeks to sway German veto on ECB bailout role

France lobbied on Sunday to overcome German opposition to giving the European Central Bank a central role in bolstering the euro zone's bailout fund, arguing it was the only way to draw a definitive line under the widening debt problems.

UBS to Target 10-15 Percent Return on Equity: Report

UBS may cut its return on equity target by 5 percentage points to a range between 10 and 15 percent at an investor day next month when the Swiss bank is expected to announce the shrinking of its investment bank.

EU leaders press Italy for reform at crisis summit

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.

China's Wen says jobs a priority despite economic headwinds

China will make job creation a more urgent priority in the face of slowed economic growth and weakened exports, Premier Wen Jibao said in comments published on Sunday, also warning that efforts to tame housing prices were at a critical point.

Panasonic to slash domestic chip output: Nikkei

Japanese electronics maker Panasonic Corp will scale back domestic semiconductor output by the end of March 2012 and cut about 1,000 jobs, reflecting its recent move to reduce TV panel production, the Nikkei business daily said on Sunday.

Panasonic to Slash Domestic Semiconductor Output: Nikkei

Japanese electronics maker Panasonic Corp will scale back domestic semiconductor output by the end of March 2012 and cut about 1,000 jobs, reflecting its recent move to reduce TV panel production, the Nikkei business daily said on Sunday.

Spain on Track to Meet Deficit Goals: Presidential Source

Spain has done enough to meet its deficit-cutting goals despite the autonomous regions falling behind on their targets, a source in the president's office said Saturday, countering concerns the country could fall short of its forecasts.

Spain on track to meet goals: presidential source

Spain has done enough to meet its deficit-cutting goals despite the autonomous regions falling behind on their targets, a source in the president's office said on Saturday, countering concerns the country could fall short of its forecasts.

Bowing to Pressure, Nevada Pushes Caucus to Feb. 4

The Nevada Republican Party pushed the date of its presidential nominating caucus back to February 4, bowing to pressure not to undermine the New Hampshire primary that has traditionally been one of the first key contests for presidential contenders.

Google, PE firms mull bid for Yahoo

Google Inc has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc's core business, The Wall Street Journal reported on Saturday, citing a person familiar with the matter.

Fraud case leaves California Democrats scrambling

Stunning accusations that a top California Democratic campaign treasurer looted the war chests of her big-name clients have left candidates across the state scrambling to raise more money as election season looms.

Dutch PM under fire over euro zone bailout

Dutch opposition parties took aim at Prime Minister Mark Rutte on Saturday, demanding the minority coalition government secure a definitive and sustainable solution to Europe's debt crisis or risk a loss of parliamentary support.

PMI unit seized by Arizona insurance regulators

The main subsidiary of mortgage insurer PMI Group Inc has been seized by Arizona insurance regulators, and will begin paying only 50 percent of claims starting on Monday, PMI Group said on Saturday.

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