IBT Staff Reporter

54961-54990 (out of 154947)

Wall Street hits 13-month low on Europe woes

Stocks slumped in heavy volume to a 13-month low on Monday as investors dumped bank shares on fears that Greece's worsening financial crisis could cause a large European lender to fail.

Sunday Night Football wins ratings night, Pan Am slips

Sunday Night Football was the highest-rated program of the night Sunday, pushing NBC to an overall win for the evening, while Pan Am lost about 20 percent of its rating from last week's series premiere, according to preliminary numbers.

Sprint to buy 30.5 mln iPhones over 4 years-WSJ

Sprint Nextel Corp (S.N) has agreed to buy at least 30.5 million iPhones over the next four years, involving a commitment of about $20 billion, whether or not its customers want to buy the devices, according to a Wall Street Journal story.

Sunny Meredith, victim, forgotten at Italy trial

Four years after her brutal murder, British student Meredith Kercher has been virtually forgotten as the media spotlight shifted to Amanda Knox, the fresh-faced American girl appealing against her conviction for killing her.

Italian court clears Amanda Knox of murder

An Italian court cleared 24-year-old American Amanda Knox and her former boyfriend of the 2007 killing of British student Meredith Kercher and ordered they be freed on Monday after nearly four years in prison for a crime they always denied committing.

Auto sales rebound, allaying recession fear

U.S. auto sales rose almost 10 percent in September, allaying concerns of a double-dip recession as major automakers forecast stronger sales through the remainder of the year.

Greek gloom shakes global markets, troubles lenders

Greece's admission that it will miss its fiscal deficit target this year, despite ever deeper cost-cutting measures, provoked a sharp sell-off in stock markets on Monday and raised new doubts over a planned second international bailout.

Dexia summons board after concerns smash shares

Franco-Belgian financial group Dexia called an emergency board meeting on Monday after concerns about its exposure to Greece and a Moody's warning about its liquidity position raised pressure on Belgium and France to act.

Feel-good Jets offer NHL upbeat start to new season

The re-launch of the Winnipeg Jets offers a feel-good story to start the 2011-12 National Hockey League (NHL) campaign and help push back dark clouds that hovered over the hockey world after a grim offseason.

HP closes Autonomy deal

Hewlett-Packard completed its $12 billion buy of British software firm Autonomy on Monday, the centerpiece of a botched strategy shift that cost ex-chief executive Leo Apotheker his job last month.

Starbucks New Job Creation Fund Follows Trend of Corporate Giving

Starbucks announced Monday that it was teaming up with Opportunity Finance Network to launch Create Jobs for USA, which will pool donations for Starbucks customers, partners (employees) and concerned citizens into a nationwide fund for community business lending. This follows a trend that other companies, such as McDonald's, have taken to give back to the community while also boosting sales .

Revealing health details unwarranted: Rajaratnam

Convicted hedge fund manager Raj Rajaratnam refuses to publicly reveal details of his medical ailments as demanded by U.S. prosecutors before a judge sentences him for insider trading, his lawyers said on Monday.

Kodak creditors talking to advisers: sources

Investors in Eastman Kodak debt have been talking to law firms and restructuring advisory firms as the company looks at its own strategic options, according to an analyst and a source close to the creditors.

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