IBT Staff Reporter

55201-55230 (out of 154947)

Mark Cuban charges versus SEC unfounded: SEC watchdog

The U.S. Securities and Exchange Commission's inspector general has concluded that Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, was not targeted inappropriately by agency staff in its insider trading probe against him.

Wall Street on track for worst quarter in 3 years

Stocks were on course for their worst quarter in three years on Friday as economic data from China and Europe fueled fears of a global economic slowdown while Morgan Stanley plummeted on concerns about its exposure to European banks.

Wall Street slides on slowdown fears

Stocks fell on Friday as economic data from China and Europe fueled fears of a global economic slowdown while Morgan Stanley plummeted due fears about its exposure to European banks.

Internet firms co-opted for surveillance: experts

Internet companies such as Google, Twitter and Facebook are increasingly co-opted for surveillance work as the information they gather proves irresistible to law enforcement agencies, Web experts said this week.

Recovering economy grows in July

The economy grew in July, the second straight month of expansion, setting the stage for a positive third quarter after the second-quarter's worrying contraction.

Transgender Surgery May Be Covered Under Medicaid in NY

New York Gov. Andrew Cuomo may be considering different ways to revamp the state's Medicaid system after a panel on Thursday proposed a possible change allowing coverage of sexual reassignment surgery for transgendered residents under the health care insurance program.

Consumer mood improves but worries persist

Consumer sentiment improved in late September but worries persisted about jobs and finances which could curb household spending in the coming months, a private survey released on Friday showed.

Ingersoll Rand cuts profit view, shares tumble

Ingersoll Rand Plc cut its profit forecast for the rest of the year on Friday, blaming weak demand in North America for residential heating and cooling systems and commercial security products.

Poor nations urged to tap Web fast for growth

With online business increasingly driving economic growth, developing nations' top priority should be the infrastructure their citizens need to get connected, delegates at an Internet conference in Nairobi said this week.

Buffett says Berkshire has begun share buybacks

Warren Buffett's conglomerate Berkshire Hathaway Inc has begun its share buybacks, Buffett said on Friday, but the repurchases will not stop the company from also making acquisitions or spending on infrastructure for its portfolio of companies.

China's inflation fight remains top priority

China will keep monetary conditions tight in its effort to rein in stubborn inflation, the country's central bank said on Friday, adding that containing domestic price pressures remains its priority.

Stocks Tepid Among Fears of Global Slowdown

Stocks opened lower on Friday, putting equities on track for their fifth straight monthly decline as China's manufacturing shrank and kept fears of a global economic slowdown in the forefront.

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