IBT Staff Reporter

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FedEx pares 2012 outlook, shares hit 2-year low

FedEx Corp , the world's No. 2 package delivery company, cut its full-year profit outlook, citing fuel prices and weak global economic growth, sending its shares down as much as 11 percent to a two-year low.
Sep 22, 2011

HP close to naming Whitman CEO, firing Apotheker

Hewlett-Packard Co is on the verge of naming former eBay Chief Executive Meg Whitman its new CEO, replacing Leo Apotheker at the helm of the largest U.S. technology company, two sources told Reuters on Thursday.
Sep 22, 2011

Dow falls 400 points on world recession fears

Stocks headed for their biggest drop in more than a month on Thursday as an unsettling outlook from the Federal Reserve and weak data from China stoked global recession fears.
Sep 22, 2011

Analysis: Emerging markets face capital exodus again

A sell-off precipitated by global recession fears and the deepening euro zone debt crisis has resurrected the specter of capital flight, a threat that still haunts emerging markets for all their vaunted strengths.
Sep 22, 2011

Troy Davis Execution: 'Unjust' says Carter, 'Unusual' says Clinton

The execution, or murder as some call it, of Troy Davis that stirred controversies all over the world also appears unjust and outdated in the eyes of former President Jimmy carter, and the process should have slowed down in the eyes of former President Bill Clinton.
Sep 22, 2011

Oscar organizers crack down on movie campaigns

Oscar organizers on Wednesday unveiled a tough new set of rules that cracks down on the types of events Academy Award voters can attend before making their picks for the world's top film awards.
Sep 22, 2011

Schwarzenegger to write unbelievably true memoir

Arnold Schwarzenegger is writing a memoir about his rise to fame and unlikely transition from Austrian-born champion bodybuilder to Hollywood action star to California governor, his publisher said on Thursday.
Sep 22, 2011

Americans prefer Modern Family to X Factor

Big, brash new singing contest The X Factor was thumped on its U.S. TV debut, with American audiences preferring comedy Modern Family in their millions, ratings figures showed on Thursday.
Sep 22, 2011

Facebook overhauls user profiles

Facebook unveiled a new feature that lets users overhaul their profile allowing people to create magazine-like photo-heavy Web pages and curate their own stories.
Sep 22, 2011

Recession fears hammer stocks, commodities

World stocks and commodities tumbled on Thursday as weak data from China crystallized investor fears of a global recession one day after a grim economic outlook from the U.S. Federal Reserve.
Sep 22, 2011

Wall Street tumbles as recession fears hit

Stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the U.S. economy and disappointing data from China heightened fears about a global recession.
Sep 22, 2011

Libya rulers says Gaddafi running out of options

Libya's interim rulers said on Thursday they had further consolidated their control over Sahara desert towns that had been among Muammar Gaddafi's last strongholds, and said Gaddafi himself was running out of places to hide.
Sep 22, 2011

S.Africa rand hits 26-month low after dovish c.bank comments

South Africa's rand briefly hit a new 26-month low against the dollar on Thursday, and bonds trimmed losses, after a central bank statement was largely viewed as dovish but the currency stabilised in late trade after two days of hefty losses.
Sep 22, 2011

S.Africa holds repo rate flat, rand slides

South Africa's Reserve Bank left its repo rate unchanged on Thursday and struck a dovish note as it balanced its concerns for domestic economic growth with an expected increase in inflation stemming from a sharply weaker rand.
Sep 22, 2011

HP preparing to make Whitman CEO on Thursday

Hewlett-Packard Co is on the verge of naming former eBay Chief Executive Meg Whitman its new CEO, replacing Leo Apotheker at the helm of the largest U.S. technology company, two sources told Reuters on Thursday.
Sep 22, 2011

Greece could trigger global banking crisis: Canada

A global banking crisis will erupt unless Europe properly deals with Greece's debt problems, Finance Minister Jim Flaherty said on Wednesday, notably hardening his criticism of European authorities.
Sep 22, 2011

United Tech makes biggest bet ever on Goodrich

United Technologies Corp's <UTX.N> Louis Chenevert placed the biggest bet of his tenure as chief executive with a $16.5 billion cash deal for aircraft components maker Goodrich Corp <GR.N>.
Sep 22, 2011

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