IBT Staff Reporter

55441-55470 (out of 154943)

Carlyle, Blackstone chiefs downbeat on U.S. economy

The heads of two of the world's most powerful private equity firms issued a dire report on the U.S. economy on Wednesday, signaling problems for political leaders and their own firms' ability to realize profit on their portfolios.

Group challenges FCC's net neutrality rules

Public interest group Free Press filed a petition for review in the First Circuit Court of Appeals in Boston on Wednesday, challenging U.S. Internet rules set to go into effect November 20.

'FarmVille' Gets Political

The digital day laborers of Zynga's FarmVille may be getting more to do then tend their cyber-crops. Facebook users may be able to put up political signs and canvas their digital neighbors for real life political candidates, reports the San Francisco Chronicle.

As Techies Drool Over Amazon Silk, Privacy Questions Are Raised

Amazon rolled out its new line of Kindle tablets in New York Wednesday morning, adding the seven-inch $199 color Android Fire, the $99 keyboard-free 4GB Touch model and a $79 2GB non-touchscreen version to its ranks. Yet the Amazon product causing the most stir was not an e-reader or tablet, but Amazon Silk, the company's new mobile web platform powered by Amazon's incredibly extensive web services platform.

Wall Street slides on weakness in commodities

Commodity-related stocks drove Wall Street lower on Wednesday as stiff declines in energy and metals prices underscored investor concerns about global economic weakness and Europe's festering debt crisis.

Reebok paying to settle charges over shoe claims

Reebok International Ltd has agreed to pay $25 million to settle charges that it made unsupported claims that its toning shoes provide extra muscle strength, the U.S. Federal Trade Commission said on Wednesday.

UBS Chief Seeks Less Risky Future: Memo

UBS AG interim Chief Executive Sergio Ermotti appealed to staff in an internal memo to back efforts to make the bank less complex and risky, following a $2.3 billion loss from unauthorized trading.

Thomson Reuters appoints COO, merges divisions

Thomson Reuters Corp named Jim Smith to the position of chief operating officer, putting him into stronger contention as a possible successor to Chief Executive from Tom Glocer, who is under pressure to revamp the company's slow-growing Markets business.

UAW OKs GM Deal

Workers represented by the United Auto Workers union approved a four-year labor contract with General Motors Co on Wednesday, the first such deal for the top U.S. automaker since its 2009 bankruptcy.

Businesses beat market blues, boost spending

U.S. businesses stepped up investment spending in August despite the upheaval caused by bitter political fighting in Washington, and some economists raised their forecast for economic growth for this quarter.

Flaherty mum after meeting on economy

Finance Minister Jim Flaherty discussed the global economy with Prime Minister Stephen Harper and the head of the Bank of Canada for 45 minutes on Tuesday but did not comment afterward.

UAW nears OK of GM deal

The United Auto Workers union looks set to announce approval of its labor contract with General Motors Co on Wednesday as more than half the local bargaining units have voted in favor of the four-year deal.

UAW OKs GM deal; Ford talks continue

Workers represented by the United Auto Workers union approved a four-year labor contract with General Motors Co on Wednesday, the first such deal for the top U.S. automaker since its 2009 bankruptcy.

Exclusive: More money flowing to targeted media

U.S. companies will spend nearly $200 billion this year on targeted media such as direct mail, text messages or product placement in video games to concentrate on narrow, valuable groups of consumers, a new study shows.

Deputy PM says he shares Greeks' property tax pain

A deputy prime minister sought to empathize with Greeks facing an unpopular property tax passed by parliament as part of austerity measures, saying on Wednesday he personally did not have the cash to pay and would have to sell real estate.

Fed's Hoenig: Dollar to remain reserve currency

A top Federal Reserve official said in his last speech on Wednesday that the U.S. dollar won't lose its status atop world currencies, and took a parting shot at the central bank's ultra easy policies.

Citi CEO says bank to adjust for slowdown: Dow

Citigroup Inc plans to fine-tune its business as economic growth shows signs of slowing, Chief Executive Vikram Pandit said in an interview with Dow Jones, signaling that the bank is considering cost cuts.

Home price index hits record high in July

Resale home prices rose to a record high in July, their eighth consecutive monthly gain, according to report on Wednesday that an analyst said signaled a gradual slowdown in a strong market.

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